The CCO of CyrusOne (NASDAQ: CONE) is Selling Shares

By Carrie Williams

Today, the CCO of CyrusOne (NASDAQ: CONE), Venkatesh Durvasula, sold shares of CONE for $506.9K.

In addition to Venkatesh Durvasula, 4 other CONE executives reported Sell trades in the last month. Following Venkatesh Durvasula’s last CONE Sell transaction on March 02, 2017, the stock climbed by 1.5%.

Based on CyrusOne’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $137 million and quarterly net profit of $600K. In comparison, last year the company earned revenue of $113 million and had a GAAP net loss of $1.2 million. The company has a one year high of $57 and a one year low of $38.80. CONE’s market cap is $4.28B and the company has a P/E ratio of 213.25.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $54.20, reflecting a -6.2% downside.

The insider sentiment on CyrusOne has been negative according to 39 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 data center properties. It provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure for different customers. Enterprise-class and carrier-neutral data centers are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers. The company was founded on July 31, 2012 and is headquartered in Carrollton, TX.