Somewhat Positive News Coverage Somewhat Unlikely to Impact Zayo Group (ZAYO) Share Price
News articles about Zayo Group (NYSE:ZAYO) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Zayo Group earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.9293739767911 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Zayo, Alphabet & one US-focused ETF (finance.yahoo.com)
- Zayo Announces Speaker Addition and Time Change for Presentation at Citi TMT West Conference (finance.yahoo.com)
- Zayo Launches SD-WAN Service (lightreading.com)
- Zayo SD-WAN available as a managed or on-premises product (searchsdn.techtarget.com)
- Zayo enterprise solution provides virtual network management, flexibility, resilience (financial-news.co.uk)
Zayo Group (ZAYO) traded down $0.25 during mid-day trading on Friday, hitting $36.05. The company’s stock had a trading volume of 2,545,400 shares, compared to its average volume of 1,865,500. Zayo Group has a 1 year low of $29.73 and a 1 year high of $37.26. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $8,890.00, a P/E ratio of 94.87, a price-to-earnings-growth ratio of 14.80 and a beta of 0.53.
In other Zayo Group news, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $35.90, for a total transaction of $168,730,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard W. Connor sold 1,091 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.76, for a total value of $40,105.16. Following the transaction, the director now owns 147,169 shares in the company, valued at approximately $5,409,932.44. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
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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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