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Sba Communications Corp SBAC - News Analyzed: 3,846 - Last Week: 99 - Last Month: 497

↘ SBA Communications Corp: Strong Domestic Growth Cushions Revenue Fall, Spurred by Millicom Partnership

SBA Communications Corp: Strong Domestic Growth Cushions Revenue Fall, Spurred by Millicom Partnership
SBA Communications Corp (SBAC) has had mixed financial performance recently with Q3 Earnings demonstrating strong domestic growth, but also a revenue fall year-over-year. There's ongoing anticipation over further gains, notably due to a strategic partnership with Millicom in Central America expanding their presence. This resulted in the corporation upping their full-year outlook. SBAC's consistent growth within the cellular data and devices sector show promise for investors. However, the firm also witnessed some stock underperformance, with prices dropping 3.29% on Oct 29. Furthermore, the quarterly dividend declared amounts to $0.98. This increase in dividend growth results from a supportive capital structure. However, the corporation's book value per share stands at a negative $49.47 as of June 2024. The stock price target has been revised multiple times, with TD Cowen setting a new target at $261.00. With $2.07 billion issued in secured tower securities, and FCC’s EchoStar 5G expansion gaining momentum, SBA Communications shows promise. However, there are warnings of potential headwinds and revenue losses.

Sba Communications Corp SBAC News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 02 Nov 2024 05:05:13 GMT - Rating -3 - Innovation 2 - Information 3 - Rumor -4

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