On Friday, Shares of Zayo Group Holdings Inc (NYSE:ZAYO), added 0.52% and closed at $31.14 in the last trading session. The last trading range of the stock ranges between $30.95 and $31.36. Zayo Group Holdings, Inc. (ZAYO) will open its fourth data center in Chicago, adding over 23,000 total square feet and two megawatts (MW) of critical power at 840 South Canal Street. The expansion is driven by strong customer demand in Chicago, counting a new agreement with a global software analytics company as an anchor tenant in the space.
The new site, which is already on Zayo’s fiber optic network, has low-latency connections to Zayo’s downtown data center at 600 South Federal Street and Chicago’s telecommunications hubs, counting 350 East Cermak Road. Inclusive of the expansion, Zayo’s Chicago data center assets grow to an aggregate of 268,000 total square feet and about 31 MW of power capacity within the Chicago market, counting the existing Federal Street location in addition to suburban facilities in Oak Brook and Mount Prospect. The data centers provide access to Zayo’s diverse, high-count fiber network in Chicago.
Zayo has practiced strong data center demand in Chicago, which is a hub for financial and enterprise infrastructure because of its central location. Demand drivers also include the growth of cloud computing and as-a-service companies for both primary and backup facilities.
Michael Kors Holdings Ltd (NYSE:KORS), jumped 0.04% and closed at $46.65 in the last trading session. The last trading range of the stock ranges between $46.64 and $47.21. The company’s Market capitalization is $7.89 Billion with the total outstanding Shares of 169.01 million. Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded womens apparel and accessories, and mens apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of womens apparel; men’s apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear. It operates collection stores and lifestyle stores, counting concessions and outlet stores. As of April 2, 2016, this segment operated retail stores in the United States, Canada, and Latin America, counting concessions, in addition to e-commerce sites in the United States and Canada; and 278 international retail stores, counting concessions in Europe and Asia. The Wholesale segment sells accessories, such as handbags and small leather goods, footwear, and womens and mens apparel to department stores and specialty shops in the Americas, Europe and Asia. The Licensing segment licenses its trademarks on products, such as fragrances, beauty, eyewear, leather goods, jewelry, watches, coats, mens suits, swimwear, furs, and ties, in addition to licenses rights to third parties to sell the companys products in geographical regions, such as the Middle East, Eastern Europe, Asia (apart from Japan), and Australia.
Two Harbors Investment Corp (NYSE:TWO), gained 1.01% and closed at $7.99 in the last trading session. The last trading range of the stock ranges between $7.93 and $8.02. The company’s Market capitalization is $2.76 Billion with the total outstanding Shares of 347.63 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.91 and reached to max level of $9.63. Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights, commercial real estate and other financial assets. The companys target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and non-agency RMBS collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM mortgage loans, and subprime mortgage loans. Its target assets also comprise prime nonconforming and credit sensitive residential mortgage loans; floating and fixed rate commercial real estate loans; CMBS collateralized by commercial real estate loans; and other assets, such as asset backed securities and certain non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company would not be subject to federal income tax, if it distributes at least 90% of net taxable income to its stockholders.