.png "CyrusOne (NASDAQ: CONE)")
Today it was reported that the CTO of CyrusOne (NASDAQ: CONE), Kevin Timmons, exercised options to sell 7,374 CONE shares at $23.58 a share, for a total transaction value of $495.2K.
Following Kevin Timmons’ last CONE Sell transaction on March 07, 2018, the stock climbed by 19.3%. In addition to Kevin Timmons, one other CONE executive reported Sell trades in the last month.
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Based on CyrusOne’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $197 million and quarterly net profit of $106 million. In comparison, last year the company earned revenue of $167 million and had a GAAP net loss of $1 million. CONE’s market cap is $6.73B and the company has a P/E ratio of 71.99. Currently, CyrusOne has an average volume of 954.7K.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $72.44, reflecting a 8.2% upside.
The insider sentiment on CyrusOne has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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CyrusOne, Inc. engages in the ownership, operation, and development of enterprise-class, carrier-neutral, multi-tenant data center properties. It provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure for different customers.
