ATUS - Altice USA, Inc.
| Previous Close | 27.70 |
| Open | 27.67 |
| Bid | 26.88 x 800 |
| Ask | 27.48 x 800 |
| Day's Range | 27.37 - 28.01 |
| 52 Week Range | 14.49 - 28.01 |
| Volume | 5,764,109 |
| Avg. Volume | 5,211,200 |
| Market Cap | 22.918B |
| Beta (3Y Monthly) | 1.01 |
| PE Ratio (TTM) | 62.81 |
| EPS (TTM) | 0.44 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2018-06-07 |
| 1y Target Est | 31.33 |
- Zacks
Telecom Stock Roundup: Verizon-AT&T TV Strategies, Qualcomm's Patent Deal & More
Verizon (VZ) and AT&T (T) are deploying divergent TV service strategies, while Qualcomm (QCOM) inks a new licensing deal with LG Electronics.
- Zacks
Altice (ATUS) Offers Novel SVOD Service From CuriosityStream
The strategic deal will offer Optimum and Suddenlink users of Altice (ATUS) an immediate complimentary access to CuriosityStream content.
- Simply Wall St.
Is There An Opportunity With Altice USA, Inc.'s (NYSE:ATUS) 38% Undervaluation?
Today we will run through one way of estimating the intrinsic value of Altice USA, Inc. (NYSE:ATUS) by estimating the...
- PR Newswire
Altice USA Brings CuriosityStream to Optimum and Suddenlink Customers
--Breakthrough Carriage Deal a First in Providing a Leading SVOD Service Universally To All Customers of a Major Distributor-- SILVER SPRING, Md. , Aug. 19, 2019 /PRNewswire/ -- Today, CuriosityStream, ...
- PR Newswire
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Altice USA, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors
NEW YORK , Aug. 19, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty ...
- Insider Monkey
Simcoe Capital Management’s Top Stock Picks
Simcoe Capital Management was founded in 2003 by Jeffrey Jacobowitz. He remained the fund’s Managing Partner and Portfolio Manager, and is also the manager and founder of Simcoe Partners. Mr. Jacobowitz holds a BA in Economics from the University of Maryland (UMBC). Before launching his own fund, Jacobowitz worked as a senior accountant at Deloitte & […]
- Bloomberg
Altice’s Talks for Lightpath Stake Sale Collapse
(Bloomberg) -- Altice USA Inc., the cable-television provider that spun off from Patrick Drahi’s Altice NV last year, is no longer in talks to sell a minority stake in its Lightpath fiber unit to Stonepeak Infrastructure Partners, according to people with knowledge of the matter.Shares of Altice USA reversed earlier gains on Thursday, falling as much as 1.5%. The company had a market value of $17.4 billion in trading at 1:26 p.m. in New York. The shares had been up more than 60% over the past 12 months.Talks between Altice USA and the U.S. infrastructure firm centered on a deal that would value the unit at about $3 billion, Bloomberg reported on July 24. The transaction has fallen apart, said the people, who requested anonymity because the discussions were private. A representative for Altice USA declined to comment while a representative for Stonepeak didn’t respond to requests for comment.The potential deal was being discussed as Altice USA attempts to streamline its portfolio of businesses while sparking growth in broadband and video services.“We continue to review our strategic alternatives,” Chief Executive Officer Dexter Goei said last week on an earnings conference call, describing the process as an “opportunistic” situation. “This is not a must-do in all respects,” he added.Goei had previously said the company could use proceeds from a sale to repurchase shares or pay down debt. Altice USA had about $24 billion in debt as of June 30, according to data compiled by Bloomberg.Lightpath, with a network of about 375,000 miles of fiber, provides internet, telephone, data transport and other services to businesses in and around New York City, according to Altice USA’s annual report.(Updates with shares falling in second paragraph.)To contact the reporters on this story: Gillian Tan in New York at gtan129@bloomberg.net;Gerry Smith in New York at gsmith233@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Josh Friedman, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Business Wire
Altice USA Introduces Altice Amplify, an Intelligent Home Speaker That Powers the Connected Home
Altice USA (ATUS), one of the largest broadband communications and video service providers in the United States, today unveils Altice Amplify, an intelligent, high-fidelity home speaker that powers the connected home. This industry-first sound system features Devialet’s patented sound technologies for an outstanding, powerful audio experience that brings a customers’ home to life, whether watching a movie, listening to a playlist, or any activity that benefits from full, clear sound. Altice Amplify also includes Amazon Alexa Built-In for voice control of smart devices, music playback, and more, enhancing and simplifying the connected home while delivering exceptional sound that is trademark of the Devialet brand.
- Thomson Reuters StreetEvents
Edited Transcript of ATUS.N earnings conference call or presentation 31-Jul-19 8:30pm GMT
Q2 2019 Altice USA Inc Earnings Call
- Zacks
Altice (ATUS) Q2 Earnings Beat Estimates, Revenues Up Y/Y
Growth across residential, business services and advertising operations drive Altice's (ATUS) second-quarter financial performance.
Motley FoolAltice USA (ATUS) Q2 2019 Earnings Call Transcript
ATUS earnings call for the period ending June 30, 2019.
- Business Wire
Altice USA Reports Second Quarter 2019 Results
Altice USA today reported results for the second quarter ended June 30, 2019.
- Zacks
Corning (GLW) Q2 Earnings & Revenues Beat Estimates, Up Y/Y
Healthy year-over-year growth across all businesses drives Corning's (GLW) second-quarter financial performance.
- MarketWatch
CBS enters content carriage agreement for Altice's Optimum, Suddenlink cable TV services
CBS Corp. said Monday that it has reached a content carriage deal with Altice USA Inc. to carry CBS content on Altice's Optimum and Suddenlink cable services. Financial terms of the agreement were not disclosed. The "comprehensive, multi-year" pact covers the carriage of Showtime, CBS Sports Network, Pop TV and Smithsonian Channel, and the re-transmission consent for CBS-owned stations. The deal also allows Altice to offering Showtime digital streaming to its cable customers. CBS's stock rose 0.3% in morning trading and Altice USA shares tacked on 0.1%. Over the past three months, shares of CBS have gained 0.5% and Altice have surged 11.9%, while the S&P 500 has edged up 2.7%.
- PR Newswire
CBS and Altice USA Reach New Comprehensive Content Carriage Agreement
Renewal Covers CBS-Owned Stations, SHOWTIME and SHOWTIME Streaming, CBS Sports Network, Pop TV and Smithsonian Channel NEW YORK , July 29, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) and ...
- Business Wire
REMINDER: Altice USA to Hold Conference Call to Discuss Q2 2019 Results
Altice USA will host a conference call on Wednesday, July 31, 2019 at 4:30 p.m. EDT to discuss financial and operating results for the second quarter ended June 30, 2019.
- Simply Wall St.
Altice USA (NYSE:ATUS) Shareholders Have Enjoyed A 56% Share Price Gain
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors...
- Zacks
Altice USA (ATUS) Earnings Expected to Grow: Should You Buy?
Altice USA (ATUS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Altice USA (ATUS) Upgraded to Buy: Here's What You Should Know
Altice USA (ATUS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
- Business Wire
Altice USA to Hold Conference Call to Discuss Q2 2019 Results
Altice USA will host a conference call on Wednesday, July 31, 2019 at 4:30 p.m. EDT to discuss financial and operating results for the second quarter ended June 30, 2019.
- PR Newswire
Court Orders Dolan Case Against Altice Will Go to Trial
NEW YORK, July 1, 2019 /PRNewswire/ -- A Delaware judge has cleared the way for New York's Dolan Family to pursue a lawsuit against Altice USA (ATUS) in a bid to save jobs and journalistic quality at News 12 Networks. Altice had filed a motion on April 22, 2019 to dismiss the case. Vice Chancellor Slights denied Altice's motion to dismiss the Dolan Family's breach of contract and promissory estoppel claims.
- Simply Wall St.
At US$23.37, Is It Time To Put Altice USA, Inc. (NYSE:ATUS) On Your Watch List?
Altice USA, Inc. (NYSE:ATUS) saw a double-digit share price rise of over 10% in the past couple of months on the NYSE...
- Bloomberg
Dish Is Near a $6 Billion Deal for T-Mobile, Sprint Assets
(Bloomberg) -- Dish Network Corp. is in talks to pay at least $6 billion for assets that T-Mobile US Inc. and Sprint Corp. are unloading to win regulatory approval for their merger, according to people familiar with the matter.Dish could announce a deal as soon as this week for assets including wireless spectrum and Sprint’s Boost Mobile brand, said the people, who asked to not be identified because the matter isn’t public. The deal hasn’t been finalized and talks could still fall through, said the people.The potential divestitures are aimed at appeasing the Justice Department, which wants T-Mobile and Sprint to sell enough assets to ensure that the U.S. maintains at least four viable wireless players.Representative for Dish and the Justice Department declined to comment. Representatives for T-Mobile and Sprint didn’t respond to requests for comment.Dish rose 1.9% to $39.74 at 1:16 p.m. in New York trading, giving the Englewood, Colorado-based company a market value of about $18.6 billion. Sprint gained about 2.3% while T-Mobile rose 1.3%.T-Mobile agreed to buy Sprint in April 2018 for $26.5 billion, betting that together the carriers can build a next-generation wireless network to better compete with industry leaders Verizon Communications Inc. and AT&T Inc.Dish, co-founded by billionaire Charlie Ergen, had been on a shortlist of bidders for T-Mobile and Sprint assets favored by the Justice Department, people familiar with the matter said this month. Charter Communications Inc. and Altice USA Inc. were also on the list.T-Mobile and Sprint have already promised to sell Boost to get approval from the Federal Communications Commission. They also have to win over the Justice Department, which is concerned about the merger reducing the number of major U.S. wireless carriers to three.The companies are negotiating with the Justice Department after nine states and the District of Columbia sued to block the deal last week on antitrust grounds.(Updates companies’ share prices in fifth paragraph; adds background in seventh.)To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Scott Moritz in New York at smoritz6@bloomberg.net;Nabila Ahmed in New York at nahmed54@bloomberg.netTo contact the editors responsible for this story: Elizabeth Fournier at efournier5@bloomberg.net, ;Sara Forden at sforden@bloomberg.net, ;Nick Turner at nturner7@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
Kinder Morgan's stock falls after Stifel Nicolaus backs away from long-time bullish call, citing valuation
Shares of Kinder Morgan Inc. slipped 0.2% in premarket trade Monday, after the oil and gas pipeline operator was downgraded at Stifel Nicolaus, citing concerns over valuation. Analyst Selman Akyol cut his rating to hold, after being at buy for more than three years. He kept his stock price target at $22, which is 7.2% above Friday's closing price; Stifel defines a hold rating as a total return of -5% to +10% over the next 12 months. The stock has soared 33.5% year to date, while the S&P 500 has gained 15%. Akyol said he continues to view Kinder Morgan favorably, given its more moderate leverage, high coverage and dividend growth, but he said the valuation already reflects the positive catalysts. Kinder Morgan's dividend yield at Friday's closing price was 4.87%, which was above the SPDR Energy Select Sector's payout of 3.39% and the S&P 500's implied yield of 1.99%, according to FactSet.
