Cowen Reiterates Outperform on Zayo Group (ZAYO) Following 1Q

Notable Mergers and Acquisitions 11/10: (TAL) (OZRK)/(BNK) (ZAYO) (OCAT)

November 10, 2015 10:34 AM EST

* Triton Container International Limited and TAL International Group, Inc. (NYSE: TAL) jointly announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals transaction. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will create the worlds largest lessor of intermodal freight containers with a combined container fleet of nearly five million twenty-foot equivalent units (TEU) and revenue earning assets of $8.7 billion.

Under the terms of the transaction agreement, Triton and TAL International will combine under a... More

Zayo Group (ZAYO) Posts Q1 Loss of 6c/Share

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

Zayo Group (ZAYO) Announces Updated Organizational Structure, New Management Appointments

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

Zayo Group (ZAYO) to Acquire Viatel in EUR 95M Deal

November 10, 2015 7:22 AM EST

Zayo Group (NYSE: ZAYO) announced it has entered into a definitive agreement to acquire Viatels infrastructure and non-Irish enterprise businesses. Viatel is a wholly owned subsidiary of the Digiweb Group, a full service telecommunications and managed services operator, based in Dublin, Ireland. The purchase price is approximately 95 million.

The Viatel acquisition will provide Zayo with Pan-European intercity and metro fiber capability via an 8,400 kilometer fiber network... More

Trading Radar for 11/10: Beazer Homes (BZH), Canadian Solar (CSIQ), Netlist (NLST), Westport (WPRT) Report

November 9, 2015 3:25 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

Export Prices: ex. Ag - no Street consensusImport Prices: ex. Oil - no Street consensus

Earnings:

AECOM Technology (NYSE: ACM) - consensus EPS $0.94
Actions Semiconductor (Nasdaq: ACTS) - no Street consensus
AerCap Holdings (NYSE: AER) - consensus EPS $1.48
Affimed (Nasdaq: AFMD) - consensus loss $0.25
Amaya... More