News headlines about Zayo Group Holdings (NYSE:ZAYO) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Zayo Group Holdings earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.6764522063068 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- Analysts Anticipate Zayo Group Holdings, Inc. (ZAYO) Will Post Quarterly Sales of $642.84 Million (americanbankingnews.com)
- Zayo Group (ZAYO) Names Matt Steinfort as CFO – StreetInsider.com (streetinsider.com)
- Is Zayo Group Holdings Inc. (NYSE: ZAYO) growing too fast – Argus Journal (argusjournal.com)
- Zayo Announces CFO Transition (finance.yahoo.com)
- Earnings Review and Free Research Report: Zayo Group Reported Better Than Expected results (finance.yahoo.com)
Zayo Group Holdings (NYSE:ZAYO) opened at 34.69 on Wednesday. The firm’s 50-day moving average is $33.52 and its 200 day moving average is $32.67. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 99.11 and a beta of 0.55. Zayo Group Holdings has a 52 week low of $28.15 and a 52 week high of $35.65.
Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The company had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. During the same period in the prior year, the company earned ($0.13) EPS. The company’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts expect that Zayo Group Holdings will post $0.59 EPS for the current year.
Several equities research analysts recently issued reports on ZAYO shares. Stifel Nicolaus restated a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Cowen and Company restated a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) cut shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 19th. Pacific Crest restated an “equal weight” rating on shares of Zayo Group Holdings in a research report on Friday, June 23rd. Finally, BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.36.
In other news, CEO Daniel Caruso sold 295,078 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $33.89, for a total transaction of $10,000,193.42. Following the completion of the transaction, the chief executive officer now owns 4,284,854 shares of the company’s stock, valued at approximately $145,213,702.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John F. Jr. Waters sold 9,220 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $30.18, for a total transaction of $278,259.60. Following the sale, the insider now directly owns 41,586 shares of the company’s stock, valued at approximately $1,255,065.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 882,516 shares of company stock valued at $28,761,747. Corporate insiders own 5.80% of the company’s stock.
Zayo Group Holdings Company Profile
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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