Reflections On The Current State Of JOYY Inc. (YY), CyrusOne Inc. (CONE)

You should consider shares of JOYY Inc. (NASDAQ:YY) and CyrusOne Inc. (NASDAQ:CONE) if you are looking for a great stocks to invest in. Starting with the YY shares, which traded at $64.22 at the close of the recent session, gaining 4.15%. On Tuesday, the company’s shares shed $2.56 from its value which represented in intraday trading. The stock is now 21.65% higher in year-to-date (YTD) trading. YY’s intraday high was $64.95 while its lowest price touched $62.71. The stock’s 52-week high price is $88.85, which means the current price is at -27.72%. In terms of trading activity, the daily trading volume rose to 1318240 against 200-day average trading volume of 1,032,209 shares.

What are analyst forecasts for JOYY Inc. (NASDAQ:YY)?

At a consensus rating of 4.71, YY is trending as a streaking Strong Buy, as it has been the case a month ago when 7 analysts called it a Strong Buy. Two months ago, 7 analysts recommended, on average, that YY stock is a Strong Buy. The Technology company’s shares’ overall bullish trend saw it close lower on Tuesday compared to its opening price of $63.39 on the day.

Forecasts for JOYY Inc. (NASDAQ:YY) give the stock a fair value for the growth of 88.89% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $577.80, which means the price per share could rise by nearly $513.58. The price range target is between a low of $466.70 and a high of $679.14. The stock would need to gain by about $90.54 to hit the estimated high or 0.79% from its 12-month low.

The consensus among 23 analysts is that it is a good time for one to Buy in the JOYY Inc. 22 analysts rate YY as a Buy, with 0 of 23 analysts rate it as a Sell. 0 have valued the stock as Overweight and 1 have recommended that investors Hold.

JOYY Inc. (NASDAQ:YY) Upgrades and Downgrades

In terms of rating changes, UBS on September 20, 2019, Upgrade JOYY Inc. (YY) at Buy. Analysts at Jefferies have assigned a Buy rating for the stock in their research note on August 05, 2019. Moreover, Nomura analysts issued a rating of Buy for the stock on May 29, 2019. On May 29, 2019, the stock earned a Buy rating due to an analyst call from The Benchmark Company, while analysts from JP Morgan on March 06, 2019 suggested that the stock is Overweight.

CyrusOne Inc. (NASDAQ:CONE) adds $1.87 on Tuesday

The CONE stock has tanked -3.35% year-to-date and is currently trading at $63.24, which is -20.68% below its 52-week high. The company shares gained 3.05% on the day and have risen nearly 29.23% off a low hit. At current levels, CyrusOne Inc. has a valuation of about $948.70M. As of 02/04/20, this stock has risen 1.51% during the week and closed at $61.37 in the previous session. However, recent CyrusOne Inc. stock performance shows that CONE shares are -3.44% down over the last month, and -11.07% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0, with the trailing 12-month share earnings at -$0.15. Over the next 5-year period, earnings per share will be 247.81%. But will the CONE stock surprise in the current quarter results, where the $0.11 actual EPS reported on 9/29/2019 surprised by 466.70% or was higher by $0.14 from the estimated -$0.03.

Sales Growth to climb 10.70% for the year

How well will CyrusOne Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $246.3M and $249.7M in current quarter sales. The consensus estimated for the current quarter is $248.28M from sales. Forecasts for this fiscal year are between $973.71M and $984M and the consensus estimate for sales is at $976.31M. CONE has its next quarter sales estimates at between $250.83M and $267.1M, with the quarter-over-quarter growth estimates at 11.20% and the annual growth forecast for the year at 10.70%.

Who owns shares in CyrusOne Inc. (CONE)?

Let’s briefly focus on the share ownership of the CyrusOne Inc. (NASDAQ:CONE) stock, where we find that 0.00% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 16.59 million shares or 14.65% of shares outstanding. Cohen & Steers Inc. and Blackrock Inc. held 12.98 million and 12.72 million representing 11.46% and 11.24% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 4.61 million shares at over 364.87 million. This represented 4.07% of shares outstanding. Nuveen Asset Management held 3.74 million shares at over 295.54 million representing 3.30% of shares outstanding.

CONE Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at CyrusOne Inc. (CONE), a total of 191643 shares have been sold by insiders over the last 6 months while 67871 shares were added in the same time span. On 1/10/2020, President & Chief Executive Officer by the name Wojtaszek Gary J sold 90000.0 shares worth $6.0 million at the price of $67.00 per share. Filings also show that Durvasula Venkatesh S sold a total of 29911.0 shares on 11/04/2019 valued at $2.1 million. Since the last insider activity, the company’s share price has dropped -10.21%.