COR Stock Soars to All-Time High, Reaching $263.87

In a remarkable display of market confidence, CoreSite Realty Corporation’s stock (COR) has soared to an all-time high, with shares trading at an impressive $263.87. According to InvestingPro data, the company’s market capitalization now stands at $51 billion, with analysts setting price targets ranging from $242 to $308. This peak represents a significant milestone for the company, known for its robust portfolio of data centers and interconnection services. Investors have shown increasing interest in CoreSite’s offerings, which is reflected in the company’s stock performance over the past year, delivering a 10% total return and maintaining dividend payments for 25 consecutive years. Despite the broader market’s volatility, CoreSite has demonstrated resilience and growth potential, with revenue growing at 11.6% and an impressive YTD return of 16.4%. InvestingPro analysis reveals 14 additional key insights about CoreSite’s performance and prospects, available in the comprehensive Pro Research Report, which transforms complex Wall Street data into actionable intelligence for smarter investing decisions.

In other recent news, Cencora, Inc. has completed its acquisition of Retina Consultants of America for $4.4 billion, resulting in an upward revision of its fiscal year 2025 adjusted earnings per share (EPS) guidance. The company now expects an EPS range of $15.15 to $15.45, up from the previous estimate of $14.80 to $15.10. This acquisition aims to bolster Cencora’s specialty medical services and expand its management services organization solutions. Meanwhile, Leerink Partners has raised its price target for Cencora to $301, maintaining an Outperform rating, following the company’s strong first-quarter results and increased guidance. The firm’s confidence is driven by Cencora’s robust performance in the U.S. Healthcare sector. Additionally, Cencora has announced the retirement of two board members, Richard W. Gochnauer and Kathleen W. Hyle, at the next Annual Meeting. This change will reduce the board from 13 to 11 members, providing an opportunity for leadership refreshment. Lastly, shareholders have approved executive compensation and elected all nominated board members, as well as ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year 2025.

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