CyrusOne Inc (NASDAQ:CONE) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CONE is expected to report 3Q20 loss of $ 0.01 per share from revenue of $ 261.25 million.
For the full year, analysts anticipate top line of $ 1029.21 million, while looking forward to income of $ 0.46 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,010.00 million ~ $ 1,045.00 million, where as bottomline are predicted in a range of $ 3.75 ~ $ 3.90 per share
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Previous Quarter Performance
CyrusOne Inc communicated income for the second quarter of $ 1.03 per share, from the revenue of $ 256.40 million. The quarterly revenues escalated 7.60 percent compared with the same quarter last year. Street analysts expected CyrusOne Inc to report loss of $ 0.01 per share on revenue of $ 251.78 million for the second quarter. The top line results outshined analysts by $ 4.62 million or 1.83 percent.
Stock Performance
Shares of CyrusOne Inc traded low $ -1.01 or -1.34 percent on Tuesday, reaching $ 74.33 with volume of 765.30 thousand shares. CyrusOne Inc has traded high as $ 76.95 and has cracked $ 74.27 on the downward trend
According to the previous trading day, closing price of $ 74.33, representing a 72.32 % increase from the 52 week low of $ 43.72 and a 13.17 % decrease over the 52 week high of $ 86.77.
The company has a market capital of $ 8.99 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.51 per share to holders of record as of the close of business on September 25, 2020, with payment date of October 9, 2020 and ex-dividend date on September 24, 2020.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies. With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth.
