CyrusOne (CONE, $52.87) drops -4% on second downgrade

CyrusOne Inc. shares declined nearly -4% Monday,  following a downgrade on the firm's stock – the second time in a row in the last few days.

Credit Suisse analyst Sami Badri downgraded CyrusOne to neutral from buy, while lowering his target price on the stock to $52. This came close on the heels of Friday’s downgrade of the stock by Jefferies analysts to hold from buy coupled with a price-target cut to $54.  

Last week, the carrier-neutral data center real estate investment trust reported a net loss of -$1 per share in the fourth quarter of 2018, compared to a net income of 3 cents in the year-ago quarter. Net loss was -$105.8 million for the fourth quarter, compared to a positive net income of $2.8 million in the same period in 2017.

The company lowered its full-year 2019 guidance on earnings to a range of $3.10-$3.20 per share, compared to analysts’ estimates of $3.53 a share. It expects revenue in the range of $960 million to $1 billion, while analysts’ predict $991.8 million.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.