Cincinnati Bell (CBB +10.4%) soars after its CyrusOne data center subsidiary files for a $300M...

|About: Cincinnati Bell Inc. (CBB)|By:, SA News Editor

Cincinnati Bell (CBB +10.4%) soars after its CyrusOne data center subsidiary files for a $300M IPO under the symbol CONE. CyrusOne, whose filing comes at a time when valuations have surged for data center owners, produced revenue of $52.1M (+22% Y/Y) in Q1, and a net loss of $0.7M. Operating cash flow totaled $12.5M.