CONE - CONE STOCK NEWS

CyrusOne Inc. has entered into a definitive agreement for KKR and Global Infrastructure Partners to acquire all outstanding shares for $90.50 per share, totaling approximately $15 billion. This price reflects a 25% premium over the stock's closing value on September 27, 2021. The transaction, expected to close in Q2 2022, will make CyrusOne a privately held company. The board approved the merger, which aims to enhance CyrusOne's global expansion capabilities.

CyrusOne Inc. (NASDAQ: CONE) reported a 16% increase in revenue, reaching $304.1 million for 3Q21 compared to the prior year. Net income stood at $6.7 million, a significant turnaround from a net loss of $(37.3 million) in 3Q20. The company signed contracts worth $37.8 million in annualized GAAP revenue, driven by high demand, especially in Europe. With total available liquidity of $2.15 billion, CyrusOne is well-positioned for growth. They have also declared a quarterly dividend of $0.52 per share for both the third and fourth quarters of 2021.

CyrusOne (NASDAQ: CONE), a leading global REIT, has achieved a Three Green Globes rating for its Aurora I and II Data Centers in Chicago through the Green Building Initiative (GBI). This recognition underscores CyrusOne's commitment to sustainability by implementing effective energy and environmental efficiency practices. Key achievements include robust mechanical and electrical system monitoring, comprehensive energy management, and waste management policies. The company continues to advance its sustainability goals, with its 2021 Sustainability Report set to be released later this year.

CyrusOne Inc. (NASDAQ:CONE) will announce its third quarter 2021 financial results on October 27, 2021, followed by a conference call on October 28, 2021, at 11:00 AM ET. Interim CEO David Ferdman and CFO Katherine Motlagh will discuss the company's performance. Interested parties can join via toll-free numbers or a webcast on the company's website. A replay of the call will be available from October 28 to November 11, 2021.

CyrusOne operates over 50 data centers globally, serving around 1,000 customers, including 200 Fortune 1000 companies.

DALLAS--(BUSINESS WIRE)--CyrusOne (NASDAQ: CONE), a global leader in data center REITs, will present at Deutsche Bank's 2021 Technology Conference on September 9, 2021, at 3:10 pm Eastern Time. The presentation will be led by David Ferdman, Interim President & CEO. A live webcast of the event can be accessed on the company's website.

With over 50 high-performance data centers, CyrusOne serves nearly 1,000 clients, including 200 Fortune 1000 companies, focusing on hybrid-cloud and multi-cloud solutions that enhance operational efficiency and support sustainability.

CyrusOne (NASDAQ: CONE), a leading global data center REIT, will present at the Cowen Communications Infrastructure Summit on August 10, 2021, at 5:25 PM ET, featuring CFO Katherine Motlagh. A live webcast of the event will be accessible in the 'Investors / Events & Presentations' section of the company's website.

CyrusOne specializes in designing and operating over 50 high-performance data centers globally, serving around 1,000 clients, including 200 Fortune 1000 companies. Known for hybrid-cloud solutions, it supports clients in achieving sustainability goals while providing exceptional flexibility and financial stability.

CyrusOne reported Q2 2021 earnings with revenue of $284.6 million, an 11% increase year-over-year. However, net income dropped 84% to $7.4 million, with a net income per share of $0.06. Key metrics include adjusted EBITDA of $141.9 million (up 4%) and normalized FFO at $123.1 million (up 4%). The company signed leases for 21 MW and 345,000 CSF, generating $41.8 million in annualized revenue. CyrusOne also announced a 2% increase in its dividend to $0.52 per share and expanded into the Madrid market. Full-year guidance for revenue and normalized FFO was raised.

CyrusOne appoints co-founder David Ferdman as interim President & CEO following Bruce Duncan's resignation, effective immediately after the filing of the 10-Q for Q2 2021. Ferdman, who has extensive experience and has been on the Board since 2013, will lead the company until a successor is found. The second quarter results conference call is set for July 29, 2021. CyrusOne continues to operate over 50 data centers globally, providing essential IT infrastructure to approximately 1,000 customers, including 200 Fortune 1000 companies.