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ZAYO

Zayo Group

$33.56

0.07 (0.21%)

08:09
05/17/18
05/17
08:09
05/17/18
08:09

Business process outsourcing company picks Zayo for data center consolidation

A global business process outsourcing company has selected Zayo Group for an integrated communications infrastructure solution that includes data center colocation and wavelength connectivity. The solution is part of a consolidation of the customer's major North American data centers into zColo facilities, driving continued operating efficiencies. Zayo will provide more than 80 cabinets of colocation space in an East Coast data center. In addition to the potential for future expansion, the data center is centrally located to major interconnectivity hubs, which will allow for direct connectivity to major cloud service providers. The multi-year agreement includes 10G diverse waves connecting the data center with a current data center located in the Southwest. Zayo is also supporting the customer with dark fiber connectivity to assist with a migration into their first Zayo data center. As companies in the customer engagement industry and other data-intensive sectors generate growing volumes of data, they are increasingly relying on data centers connected via low-latency fiber paths. This architecture provides them with the resilience and flexibility to manage workloads and data storage efficiently.

ZAYO Zayo Group
$33.56

0.07 (0.21%)

04/13/18
04/13/18
UPGRADE
Target $43

Outperform
Zayo Group upgraded to Outperform on sales momentum at Raymond James
As previously reported, Raymond James upgraded Zayo Group to Outperform from Market Perform and established a $43 price target. Analyst Frank Louthan believes the sales force transition is seeing early signs of positive results and expects more consistent revenue acceleration in 2H 2018, even when excluding larger infrastructure deals. Further, Louthan believes Zayo's intentions to convert to a REIT long-term provides an additional catalyst for shares.
04/18/18
DBAB
04/18/18
UPGRADE
Target $42
DBAB
Buy
Zayo Group upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matthew Niknam upgraded Zayo Group to Buy and raised his price target for the shares to $42 from $37. The analyst sees improving fundamentals as he believes Zayo has moved past the recent operational headwinds. Zayo offers inflecting fundamentals with "optionality abound," Niknam tells investors in a research note.
05/04/18
DBAB
05/04/18
NO CHANGE
DBAB
Buy
Zayo Group positives outweigh the negatives, says Deutsche Bank
Deutsche Bank analyst Matthew Niknam believes the positives outweigh the negatives in Zayo Group's Q3 results. While the results had something for both bulls and bears, the positives outweigh the negatives, and are ultimately more impactful for the forward stock trajectory, Niknam tells investors in a research note. He believes Zayo shares offer a "high quality blend of accelerating underlying growth, strategic asset value, and upside optionality catalysts." The analyst keeps a Buy rating on the name.
05/04/18
COWN
05/04/18
NO CHANGE
Target $44
COWN
Outperform
Zayo Group weakness a buying opportunity, says Cowen
Cowen analyst Colby Synesael noted Zayo reported disappointing Q3 headline results, which was driven by a greater churn in Allstream as well as a variety of one-time adjustments. He does not believes the departure of the COO will derail momentum and cited the plans for the company's transition to a REIT. He believes any selloff in the shares will be short-lived. Synesael reiterated his Outperform rating and raised his price target to $44 from $43 on Zayo Group shares.

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INGIY

Ingenico

$0.00

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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BWA

BorgWarner

$42.99

-1.17 (-2.65%)

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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

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RACE

Ferrari

$138.31

5.465 (4.11%)

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SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

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$12.39

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PRQR

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MSFT

Microsoft

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1.05 (0.94%)

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$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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China to place new tariffs on $60B in U.S. exports, WSJ says »

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

18:55
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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
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Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

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KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
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Kirkland Lake Gold acquires shares of Osisko Mining »

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  • 23

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
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18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
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OMA Airports rating change at Santander »

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CE

Celanese

$113.41

-0.03 (-0.03%)

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
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17:29
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17:29
Initiation
Transocean initiated at Morgan Stanley »

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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
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17:26
Initiation
Noble Corp. initiated at Morgan Stanley »

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CCOEY

Capcom

17:24
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17:24
Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
09/18/18
09/18
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17:24
Syndicate
Breaking Syndicate news story on Best Buy »

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
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17:22
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17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
09/18
17:20
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17:20
Upgrade
TSMC rating change at Morgan Stanley »

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