LONDON, UK / ACCESSWIRE / April 10, 2018 / Active-Investors.com has just released a free research report on Zayo Group Holdings, Inc. (NYSE: ZAYO). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=ZAYO as the Company's latest news hit the wire. On April 06, 2018, the Communications infrastructure services Company announced that it has acquired a data center in McLean, Virginia, driven by strong demand in the Washington, D.C. area. The acquisition includes tenants, data center systems, and long-term leases. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Zayo most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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The Facility is Zayo's Second Colocation Facility in Northern Virginia
It is Zayo's second colocation facility in Northern Virginia. The center is located at 1764 Old Meadow Lane and is 62,000 total square feet. The facility is on-net to Zayo fiber, and will provide a low-latency colocation option, interconnection, and access to fiber infrastructure to government agencies, web-scale companies, cloud providers, and other large enterprises, especially those located in downtown Washington, D.C. Zayo will upgrade the critical power at the site to three MW and enhance systems resiliency, security, audit certifications, and network connectivity. The data center will tether directly to Zayo's data center in Ashburn, Virginia and to Zayo's network point of presence (PoP) on M Street.
Zayo's Deep, Dense Fiber Footprint in Northern Virginia Facilitates Global Connectivity
Commenting on the acquisition, TJ Karklins, Senior Vice President of Zayo's zColo business segment, stated that Northern Virginia is one of the most important data center markets in the world, with a diverse base of service providers, enterprises, and government agencies all contributing to strong demand.
According to Mr. Karklins this acquisition provides an important second Northern Virginia location for the Company's client solutions and creates a strong data center option for firms located downtown and in the heart of the beltway.
He further added that the Company's deep, dense fiber footprint in the region facilitates global connectivity, further enhancing the value proposition of the McLean location.
Zayo's Previous Fiber Contracts with North Virginia Data Centers
In May 2017, Zayo signed multiple contracts with undisclosed data center providers in a move to increase its competitiveness on the dark fiber market in the Washington D.C. area. By signing on with Zayo, the unnamed large data center provider, located in the Dulles Technology corridor, would gain connectivity to 110 data centers, 1,200 enterprise locations, and 19 cloud providers.
Zayo's Recent Acquisition Deal
On February 28, 2018, the Company completed the acquisition of Spread Networks, a privately-held fiber network company that operates the most direct, lowest latency fiber route between Chicago and New York. To leverage Spread's strong brand, unique network and premium customer support, Zayo introduced a standalone business unit, Spread Networks by Zayo. Spread Networks was acquired because of their leadership in ultra-low-latency network solutions for the financial and trading sectors. The acquisition immediately enables Zayo to combine Spread Networks routes with Zayo routes for coast-to-coast, low-latency dark fiber, and lit fiber-based solutions.
About Zayo Group Holdings, Inc.
Founded in 2007 and headquartered in Boulder, Colorado, Zayo is the leading global provider of communications infrastructure. The Company provides fiber and bandwidth connectivity, colocation, and cloud infrastructure to the world's leading businesses, including wireless and wireline carriers, media and content companies, finance, education, government, healthcare, and other large enterprises.
Stock Performance Snapshot
April 09, 2018 - At Monday's closing bell, Zayo's stock fell 1.76%, ending the trading session at $35.64.
Volume traded for the day: 2.66 million shares, which was above the 3-month average volume of 2.08 million shares.
Stock performance in the previous six-month period - up 2.33%; and past twelve-month period - up 9.26%
After yesterday's close, Zayo's market cap was at $8.88 billion.
Price to Earnings (P/E) ratio was at 68.80.
The stock is part of the Technology sector, categorized under the Networking & Communication Devices industry. This sector was up 0.6% at the end of the session.
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