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Zayo Group Holdings, Inc. (ZAYO) provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe.
The company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada, and Other.
The Dark Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies. Dark fiber is essentially unused fiber that is controlled by the purchasing company. That segment accounted for almost 30% of total revenue last quarter.
The Network Connectivity segment offers bandwidth infrastructure solutions comprising wavelength, Ethernet, Internet protocol, and SONET services through its metro, regional, and long-haul fiber networks for carriers, financial services companies, healthcare, government institutions, education institutions, and other enterprises.
The Colocation and Cloud Infrastructure segment provides data center infrastructure solutions, including colocation, interconnection, cloud, hosting, and managed services to a range of enterprise, carrier, content, and cloud customers.
The Zayo Canada segment offers dark fiber, network connectivity, cloud and colocation infrastructure, voice, unified communications, and managed security services for small and medium business customers.
The Other segment provides network and technical resources to customers in designing, acquiring, and maintaining their networks.
Shares fell earlier to their 200-day moving average after the firm sold $800 million in bonds. Since then, shares have moved higher and are expected to continue their climbs. The firm reports February 9. The company's customers include Google, Amazon, Salesforce and Microsoft. Higher share prices are expected for the company.
52-Weeks Trading Range: $19.59 - $35.65
Entry Point: $32.00
Stop Loss: $30.40
Target Price: $35.20
ZAYO closed at $32.05
