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MarketScreener Homepage  >  Equities  >  Nyse  >  Zayo Group Holdings Inc    ZAYO

ZAYO GROUP HOLDINGS INC

(ZAYO)
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Zayo : Internet Services Provider Selects Zayo for Colocation

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02/11/2019 | 08:04am EST

Solution to replace customer’s owned infrastructure

An internet services provider has selected Zayo Group Holdings, Inc. (NYSE: ZAYO) for data center colocation. Zayo will provide the customer with space and power in an East Coast zColo data center for its mission-critical processes.

The solution, which includes approximately 2,000 square feet of space with a ramp up to multiple hundreds of kilowatts of power, will replace the customer-owned data center. Zayo will also provide IP connectivity between the customer’s offices and this data center.

Increasingly, enterprises are moving away from owned or on-premises data centers, moving their workloads to colocation, hosting and cloud environments. Colocation provides predictable performance, low latency and multiple redundant systems. zColo provides multi-layer physical security, including biometrics, dual authenticated customer access and camera surveillance. In addition, Zayo adheres to rigorous controls that have been validated through independent audits.

“Our ability to tailor this solution to the customer’s specific requirements was a key factor in winning this business,” said Bruce Garrison, senior vice president of Zayo’s zColo business segment. “zColo provides flexible space and power configurations and extensive connectivity options to create unparalleled value for our tenants.”

Zayo’s zColo portfolio includes 51 data centers in more than 30 markets. For more information on Zayo, please visit zayo.com.

About Zayo Group

Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure solutions, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 130,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides users with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth. For more information, visit zayo.com.

Forward-Looking Statements

This press release contains a number of forward-looking statements. Words, and variations of words such as “believe,” “expect,” “plan,” “continue,” “will,” “should,” and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our 10-K dated August 24, 2018. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.


© Business Wire 2019
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Financials ($)
Sales 2019 2 564 M
EBIT 2019 550 M
Net income 2019 137 M
Debt 2019 5 823 M
Yield 2019 -
P/E ratio 2019 44,15
P/E ratio 2020 31,80
EV / Sales 2019 4,63x
EV / Sales 2020 4,47x
Capitalization 6 039 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 34,7 $
Spread / Average Target 35%
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Managers
NameTitle
Daniel Philip Caruso Chairman & Chief Executive Officer
Matt Steinfort Chief Financial Officer
Sandi Mays Chief Information & Customer Experience Officer
John F. Waters CTO & President-Network Solutions
Richard W. Connor Independent Director
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