Organic revenue growth at Zayo Group Holdings (ZAYO) will pick up next year, say analysts at Cowen & Co., which expects insider selling that has pressured the stock to ease. Cowen calls the telecom network operator a “best idea” for 2016 stocks. Macquarie Securities, Oppenheimer and Bernstein Research have also issued upbeat reports recently on Zayo. Boulder, Colo.-based Zayo operates fiber-optic networks in metropolitan areas and has expanded
Telecom network operator Zayo Group (ZAYO) late Wednesday said it’s agreed to buy U.K.-based Latisys for $675 million, expanding further into data centers. Zayo operates fiber-optic networks in metropolitan areas as well as between cities. It leases fiber-optic cables to wireless phone companies and other customers. Data-center operators such as Equinix (EQIX) provide space, power and cooling. Customers pack the centers with their own computer
Six stock analysts initiated coverage Wednesday on Zayo Group Holdings (ZAYO) with buy ratings on the telecom network operator. Zayo operates fiber-optic networks in metropolitan areas as well as between cities. It leases fiber-optic cables to wireless phone companies and other customers. It also operates 27 data centers. Morgan Stanley rated Zayo overweight. William Blair, Oppenheimer and RBC Capital rated Zayo outperform, while Citigroup and