CyrusOne released its Q3 2016 earnings print prior to the market open on Monday, and its shares initially took a nose dive, prior to the earnings call which was held midday.
Data center building boom continues across the country
Now that data center REITs which regularly offer wholesale space have reported Q2 2016 earnings, it appears CyrusOne has developed a winning formula, but investors weren't impressed.
After Britain's shocking vote, savvy investors have chosen to "vote" with their dollars, driving up the price of most US REITs, including data centers
Texas-based provider is at capacity in Virginia, following mega-deal with Microsoft
CME’s exit would hurt CyrusOne, but proposed tax faces “long odds of approval”
Leases signed with hyperscale cloud providers have become a windfall for data center landlords who have the ability to deliver large data halls
Plans call for 500,000-square foot data center in response to influx of inquiries from financial services firms
