Zayo Announces Organizational Changes
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November 11, 2015 7:12 AM EST
Cowen reiterated an Outperform rating on Zayo Group Holdings (NYSE: ZAYO), and raised the price target to $37.00 (from $36.00), following the company's 1Q earnings report. Total revenue was $366.8MM vs. the Street's $368.9MME. The company has a record backlog and is seeing a few large deals... More
November 10, 2015 8:42 AM EST
Zayo Group (NYSE: ZAYO) reported Q1 EPS of ($0.06), $0.10 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $366.8 million versus the consensus estimate of $369.06 million.
Adjusted EBITDA for the first fiscal quarter was $215.4 million, which was $4.5 million higher than the prior quarter,... More
November 10, 2015 7:29 AM EST
Zayo Group (NYSE: ZAYO) announced organizational and leadership changes that will enable Zayo to intensify focus in key strategic areas and continue to accelerate global growth. Zayo will reorganize along two principal operating units: Strategic Business Segments, reporting to co-COO Chris Morley, and Global Sales and Customer Success, reporting to co-COO Matt Erickson.
Todays announcement represents the next step in Zayos evolution, said Dan Caruso, chairman and CEO of Zayo. Over the past eight years, weve grown from a start-up to an almost $1.5 billion revenue bandwidth infrastructure leader. These changes will accelerate our... More
