BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO), which has decided to split into two public companies — Zayo Infrastructure, or InfraCo, and EnterpriseCo — was 17.8 percent lower premarket after its announcement and its earnings miss.
Several analysts downgraded Zayo and reevaluated its price targets after the announcement.
UBS dropped its price target from $45 to $32; however, it added that the planned split could unlock future value in the infrastructure business.
Cowen analyst Colby Synesael was harsher, saying that management’s credibility is near zero and that results were disappointing again. He kept Zayo’s status at Outperform but trimmed its price target from $43 to $37.
At time of publication, Zayo’s stock price had fallen 23 percent from market close to $23.39. Before Zayo’s announcement, its stock price was $30.39.
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO), which has decided to split into two public companies — Zayo Infrastructure, or InfraCo, and EnterpriseCo — was 17.8 percent lower premarket after its announcement and its earnings miss.
Several analysts downgraded Zayo and reevaluated its price targets after the announcement.
UBS dropped its price target from $45 to $32; however, it added that the planned split could unlock future value in the infrastructure business.
Cowen analyst Colby Synesael was harsher, saying that management’s credibility is near zero and that results were disappointing again. He kept Zayo’s status at Outperform but trimmed its price target from $43 to $37.
At time of publication, Zayo’s stock price had fallen 23 percent from market close to $23.39. Before Zayo’s announcement, its stock price was $30.39.
…
This article has been intentionally blurred.
You must purchase a subscription to view the rest of this content.
Want to See More!?
OR
Start your subscription to BizWest, The Business Journal of the Boulder Valley and Northern Colorado, TODAY!
Print + Digital
$7/mo
billed monthly
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
Digital
$7/mo
billed monthly
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
Unlimited
$25/mo
billed annually
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to unlimited downloads from the BizWest Datastore!
Your promotional subscription will automatically renew at the full rate on the date of your subscription maturity. Reminder notices will be emailed before each auto-renewing payment to the email address on file. You may cancel at any time by calling (970) 232-3143 or emailing bdennis@bizwest.com. Your BizWest subscription also includes a complimentary subscription to the BizWest email newsletter, and you may easily unsubscribe from this at any time by emailing bdennis@bizwest.com.






