News stories about Zayo Group (NYSE:ZAYO) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zayo Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.4734822544529 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Notable Traders Recap: Zayo Group Holdings, Inc., (NYSE: ZAYO), Cisco Systems, Inc., (NASDAQ: CSCO) – StocksNewsPro (press release) (stocksnewspro.com)
- Daniel Caruso Sells 26,332 Shares of Zayo Group Holdings Inc (ZAYO) Stock (americanbankingnews.com)
- News Recap: Sabra Health Care REIT, Inc. (NASDAQ:SBRA), Zayo Group Holdings, Inc. (NYSE:ZAYO) – The Oracle Examiner (oracleexaminer.com)
- Zacks: Analysts Anticipate Zayo Group Holdings Inc (ZAYO) to Announce $0.12 EPS (americanbankingnews.com)
- Zayo Group Holdings Inc (ZAYO) Expected to Post Quarterly Sales of $656.26 Million (americanbankingnews.com)
Several research firms have recently commented on ZAYO. SunTrust Banks restated a “buy” rating and issued a $45.00 price target on shares of Zayo Group in a report on Thursday, December 7th. Royal Bank of Canada reiterated a “buy” rating on shares of Zayo Group in a research note on Friday, February 9th. Barclays reiterated a “buy” rating and set a $41.00 price objective on shares of Zayo Group in a research note on Friday, January 19th. Citigroup restated a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. Finally, Zacks Investment Research upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Saturday, February 10th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Zayo Group presently has an average rating of “Buy” and a consensus price target of $41.09.
Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $653.50 million for the quarter, compared to analysts’ expectations of $650.79 million. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. analysts forecast that Zayo Group will post 0.38 EPS for the current fiscal year.
In other Zayo Group news, CEO Daniel Caruso sold 133,888 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $36.00, for a total transaction of $4,819,968.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John F. Jr. Waters sold 10,711 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $36.14, for a total transaction of $387,095.54. Following the sale, the insider now owns 73,244 shares in the company, valued at $2,647,038.16. The disclosure for this sale can be found here. Insiders sold a total of 572,454 shares of company stock worth $21,012,383 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.
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Zayo Group 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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