Simplicity Wealth LLC and other institutional investors are adjusting their holdings in Crown Castle Inc.
(NYSE:CCI), with some reducing and others increasing their holdings. In the wake of
Q2's FFO miss, it includes a significant share sell-off by director Patel. Analysts' expectations for the company's future performance have been revised, with some being more optimistic following Q2 results. The company has also announced several operational changes and has revised its view for '24. Despite certain media figures expressing bearish views, the stock has seen an increase post its last earnings report. However, uncertainty lies around their
fiber business with Crown Castle considering selling its fiber assets. Crown Castle also faces internal conflict, with the company's co-founder seeking board seats. Eventually, all of the company's director nominees were elected. More recently, the company appointed former American Tower exec Steven Moskowitz as CEO, and shares climbed, despite some market declines. However, the revenue miss due to declining site rental hurt the company.
Crown Castle CCI News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 10 Aug 2024 21:57:35 GMT -
Rating 2
- Innovation 3
- Information 7
- Rumor -3
