SBA Communications forecasts weak annual revenue on sluggish demand [Reuters]
SBA Communications Corporation - Class A (SBAC)
Last sba communications corporation - class a earnings: 2/20 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.sbasite.com
Company Research
Source: Reuters
below Wall Street estimates, on the likelihood of sluggish wireless carrier activity after an initial surge in 5G deployments. Wireless carriers are now dialing back spending in an uncertain economy, hitting firms such as SBA Communications. "While domestic carrier activity was at a low level by historical standards during 2023, a significant percentage of our sites still require 5G-related upgrades," CEO Brendan Cavanagh said in a statement. SBA, which competes with companies such as Crown Castle (CCI.N) , opens new tab and American Tower (AMT.N) , opens new tab , leases space and also manages tower sites for wireless service providers including AT&T (T.N) , opens new tab , T-Mobile US (TMUS.O) , opens new tab and Verizon Communications (VZ.N) , opens new tab SBA expects annual revenue between $2.67 billion and $2.71 billion, which is below analysts' average estimate of $2.75 billion, according to LSEG data. The Florida-based company posted revenue of about $675 million in
Show less
Read more
Impact Snapshot
Event Time:
SBAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SBAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SBAC alerts
High impacting SBA Communications Corporation - Class A news events
Weekly update
A roundup of the hottest topics
SBAC
News
- SBA Communications: Value Investors Having The Last Laugh [Seeking Alpha]Seeking Alpha
- SBA Communications Corporation (NASDAQ:SBAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- SBA Communications' (SBAC) Q1 AFFO & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- SBA Communications Corporation to Speak at the MoffettNathanson 2024 Media and Communications ConferenceBusiness Wire
- SBA Communications Co. (NASDAQ: SBAC) had its price target lowered by analysts at Citigroup Inc. from $290.00 to $260.00. They now have a "buy" rating on the stock.MarketBeat
SBAC
Earnings
- 4/29/24 - Miss
SBAC
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- SBAC's page on the SEC website