Recently, Crown Castle International Corp. (CCI) has made multiple appearances in news. Their CEO stated that wireless operators are strengthening small cell capacity. The company discussed at the Goldman Sachs 2024 Communacopia & Technology Conference as well as Citiβs 2024 Global TMT Conference and the Bank of America 2024 Media, Communications & Entertainment Conference. A noteworthy shift in stock interest occurred as short interest for CCI rose by 11.5% in August although their stocks underperformed the market on a particular Friday. Speculations arise about DigitalBridge possibly eyeing CCI's fiber business.
CCI faced challenges as their Q2 FFO did not meet estimates. Thereβs also been insider trading activity with an EVP & COO selling over $1.1m in company stock. Reduced workforce and profit forecast came into light amid fiber business review after their second-quarter results. Phrases such as 'Jim Cramer being bearish on CCI' also grabbed attention. Nevertheless, CCI saw a rise of 10.2% since their last earnings report. Investors should closely watch CCI's potential operational changes and previews for 2024.
Crown Castle CCI News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Sun, 01 Sep 2024 09:36:27 GMT - Rating -4 - Innovation 2 - Information 8 - Rumor -2