CyrusOne Inc. (CONE): From Top to Bottom

CyrusOne Inc. (NASDAQ:CONE) is an interesting player in the Financial space, with a focus on REIT – Diversified. The stock has been active on the tape, currently trading at $48.71, up from yesterday’s close by 0.60%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. CyrusOne Inc. (CONE) currently trades with a market capitalization of $4.25B. That value represents a market adjusting for revenues that have been growing by 29.30% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For CONE, the company currently has $11.00M of cash on the books, which is offset by $1.22B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $201.00M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 0.63 on a per share basis this quarter. Perhaps, that suggests something about why 97.40% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, CyrusOne Inc. recorded a 52-week high of 57.00. It is now trading 8.58 off that level. The stock is trading 44.70 its 50-day moving average by -3.72. The stock carved out a 52-week low down at 32.42.

In recent action, CyrusOne Inc. (CONE) has made a move of +8.78% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 16.47, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 75.59M with 11.62% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CONE.

Previous articleHow Does Williams Stack Up Right Now?
Next articleThe Case for and Against Covanta Holding Corporation (CVA)