CyrusOne Inc (NASDAQ:CONE) traded today at a new 52-week high of $83.95. This new high was reached on below average trading volume as 122,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
In the past 52 weeks, CyrusOne Inc share prices are bracketed by a low of $61.64 and a high of $83.95 and is now at $83.24, 35% above that low price.
Based on a current price of $83.24, CyrusOne Inc is currently 14.5% above its average consensus analyst price target of $71.17.
CyrusOne owns or operates 53 data centers, primarily in the U.S., that encompass more than 8 million net rentable square feet. It has a few properties in Europe and Asia. CyrusOne has both multitenant and single-tenant data centers, and it is primarily a wholesale provider, offering large spaces on longer-term leases. The firm has about 1,000 total customers, and cloud service providers and other information technology firms make up about half its total revenue. Its largest customer, Microsoft, accounted for over 20% of 2020 revenue, and its top 10 customers generated about 50%. After cloud providers, companies in the financial services and energy industries contributed the biggest proportions of CyrusOne's sales.
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