Hot Stock That Must Be in Your Portfolio: Zayo Group Holdings Inc (NYSE: ZAYO)

On Monday, Shares of Zayo Group Holdings Inc (NYSE: ZAYO) showed the bearish trend with a lower momentum of -0.16% and ended its trading session at $36.42. The company traded total volume of 1.99M shares as contrast to its average volume of 2.70M shares. The company has a market value of $8.95B and about 245.76M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $29.73 and reached the max level of $37.95.

Zayo Group Holdings, Inc. (ZAYO), a global leader in Communications Infrastructure, declared results for the three months ended March 31, 2018.

Third quarter operating income increased $1.30M and net income increased by $11.90M over the previous quarter. Basic and diluted net income per share during the third fiscal quarter was $0.09. During the three months ended March 31, 2018, capital expenditures were $195.10M.

As of March 31, 2018, the Company had $329.30M of cash and $442.00M available under its revolving credit facility.

The Company offered net profit margin of 3.10% while its gross profit margin was 63.80%. ROE was recorded as 5.50% while beta factor was 0.49. The stock, as of recent close, has shown the weekly upbeat performance of 0.17% which was maintained at -1.03% in this year.

Michelle Smith

Michelle Smith

I am Michelle Smith and I give “Stocks Market Cap” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.