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NEW YORK (TheStreet) -- Shares of Zayo (ZAYO) were falling in mid-morning trading on Friday after the company reported earnings that fell short of analysts' estimates for the 2016 fiscal fourth quarter.

Late Thursday, the Boulder, CO-based bandwidth infrastructure provider reported adjusted earnings of a penny per share, lower than analysts' expectations of 2 cents per share.

Revenue for the period was $507.3 million and topped Wall Street's forecasts of $497.7 million.

For the fiscal year 2016, Zayo posted a loss of 31 cents per share on revenue of $1.72 billion. Analysts were looking for a loss of 16 cents per share on revenue of $1.71 billion.

Following the quarterly report, Stephens cut its rating on the stock to "equal weight" from "overweight," the Fly reports. The firm noted that Zayo faces near-term headwinds in the upcoming months.

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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: ZAYO

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