Stephens Downgrades Zayo Group Holdings (ZAYO) to Equal Weight
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Zayo Group Holdings, Inc. Reports Financial Results for the Fourth Fiscal Quarter Ended June 30, 2016
August 25, 2016 4:05 PM EDTFourth Fiscal Quarter 2016 Financial Highlights
$507.3 million of consolidated revenue, including $117.2 million from Zayo Canada 25% quarter-over-quarter annualized revenue growth 7% quarter-over-quarter annualized pro-forma recurring revenue growth, excluding Zayo Canada Net loss of $30.9 million. $11.6 million increase quarter-over-quarter $257.8 million of adjusted EBITDA, including $27.0 million from Zayo Canada 12% quarter-over-quarter annualized pro-forma recurring adjusted EBITDA growth* (excluding Zayo Canada) Bookings of $6.4 million, gross installs of $6.5 million, churn of 1.1% and net installs of $2.4... More