Research Desk Line-up: Finisar Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 11, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Zayo Group Holdings, Inc. (NYSE: ZAYO), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ZAYO, following the Company's announcement of its financial results on August 21, 2017 for the fourth quarter fiscal 2017. The Company's revenue increased 26% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
http://protraderdaily.com/register/
Get more of our free earnings reports coverage from other constituents of the Networking & Communication Devices industry. Pro-TD has currently selected Finisar Corporation (NASDAQ: FNSR) for due-diligence and potential coverage as the Company announced on September 7, 2017 its financial results for Q1 FY18 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Finisar when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ZAYO; also brushing on FNSR. With the links below you can directly download the report of your stock of interest-free of charge at:
http://protraderdaily.com/optin/?symbol=ZAYO
http://protraderdaily.com/optin/?symbol=FNSR
Earnings Reviewed
For three months ended June 30, 2017, Zayo Group's revenue increased 26% to $638 million from $507.3 million in Q4 FY16. Revenue surpassed analysts' expectations of $635.1 million.
During Q4 FY17, Zayo Group's EBITDA increased 20.6% to $310.8 million from $257.8 million in Q4 FY16. For the reported quarter, the Company's adjusted EBITDA margin decreased 200 basis points to 49% of revenue from 51% of revenue in Q4 FY16.
During Q4 FY17, Zayo Group's interest expenses increased 24.6% to $71.5 million from $57.4 million in Q4 FY16. For the reported quarter, the Company's depreciation and amortization (D&A) expenses increased 22.3% to $181.3 million from $148.3 million in Q4 FY16.
During Q4 FY17, Zayo Group's operating income increased 46.4% to $105.4 million from $72.0 million in Q4 FY16. For the reported quarter, the Company's operating margin increased 230 basis points to 16.5% of revenue from 14.2% of revenue in Q4 FY16.
For the reported quarter, Zayo Group's EBIT was $34.2 million, compared to negative $44.0 million in Q4 FY16.
During Q4 FY17, Zayo Group's net income was $23.2 million, compared to net loss of $30.9 million in Q4 FY16. During Q4 FY17, Zayo Group's diluted EPS was $0.09, compared to negative $0.13 in Q4 FY16.
In September 2017, the Company acquired a colocation facility in Colorado.
Zayo Group's Segment Details
Fiber Solutions - During Q4 FY17, the Fiber Solutions segment's revenue increased 10.9% to $190.9 million from $172.2 million in Q4 FY16. For the reported quarter, the segment's adjusted EBITDA margin was 78% of revenue, compared to 79% of revenue in Q4 FY16. During Q4 FY17, the segment's unlevered free cash flow increased 10.3% to $32 million from $29 million in Q4 FY16.
Colocation - During Q4 FY17, the Colocation segment's revenue increased 12.5% to $56.7 million, from $50.4 million in Q4 FY16. For the reported quarter, the segment's adjusted EBITDA margin was 52% of revenue, at par with revenue in Q4 FY16. During Q4 FY17, the segment's unlevered free cash flow increased 33.3% to $8 million from $6 million in Q4 FY16.
Transport - During Q4 FY17, the Transport segment's revenue increased 9.7% to $117.4 million from $107.0 million in Q4 FY16. For the reported quarter, the segment's adjusted EBITDA margin was 42% of revenue, at par with 42% of revenue in Q4 FY16. During Q4 FY17, the segment's unlevered free cash flow increased 8.3% to $13 million from $12 million in Q4 FY16.
Enterprise Networks - During Q4 FY17, the Enterprise Networks segment's revenue increased 18.6% to $136.6 million from $115.2 million in Q4 FY16. For the reported quarter, the segment's adjusted EBITDA margin was 37% of revenue, compared to 35% of revenue in Q4 FY16. During Q4 FY17, the segment's unlevered free cash flow increased 62.5% to $26 million from $16 million in Q4 FY16.
Balance Sheet
As on July 29, 2017, Zayo Group's cash and cash equivalents increased 29.2% to $221 million from $171 million in Q4 FY16.
The Company's total assets decreased 29.9% to $8.74 billion in Q4 FY17 from $6.73 billion in Q4 FY16.
For Q4 FY17, the Company's long-term debt decreased 36.2% to $5.64 billion from $4.14 billion in Q4 FY16.
Zayo Group's adjusted unlevered free cash flow was $117.2 million in Q4 FY17 from negative $64.1 million in Q4 FY16.
During Q4 FY17, the Company's free cash flow was positive $39.6 million, compared to negative $11.2 million in Q4 FY16.
Stock Performance
On Friday, September 08, 2017, the stock closed the trading session at $34.13, slightly falling 0.23% from its previous closing price of $34.21. A total volume of 1.50 million shares have exchanged hands. Zayo's stock price surged 5.90% in the last three months, 5.21% in the past six months, and 13.92% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 3.86%. The stock is trading at a PE ratio of 98.64. At Friday's closing price, the stock's net capitalization stands at $8.41 billion.
Pro-Trader Daily:
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@protraderdaily.com
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily
ReleaseID: 475030
