|Bid||24.40 x 800|
|Ask||24.41 x 3100|
|Day's Range||24.40 - 24.89|
|52 Week Range||14.49 - 25.14|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||142.69|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.38|
Today we'll look at Altice USA, Inc. (NYSE:ATUS) and reflect on its potential as an investment. Specifically, we'll...
T-Mobile US Inc's $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal's approval. FCC Chairman Ajit Pai, a Republican, came out in favour of the combination after the companies offered concessions, including selling Sprint's Boost Mobile prepaid cell service, as did FCC Commissioner Brendan Carr, a Republican. The five-member panel's third Republican, Mike O'Rielly, said he was "inclined to support" the proposed merger, even if he was not convinced of the need for all of the conditions announced by Pai.
Sprint Corp and T-Mobile US Inc has won the support of the chairman of the U.S. telecommunications regulator but will require a series of changes to their proposed $26 billion merger, including selling Sprint's Boost Mobile cell service. Federal Communications Commission (FCC) Chairman Ajit Pai said on Monday he will recommend that the other four commissioners vote to approve the merger. A second member of the five-person FCC, Commissioner Brendan Carr, a Republican, also said he will vote to approve the deal.
Who's to blame for the Pinterest earnings flop? Try the company. In an interview with Cheddar, IPO Edge Editor-in-Chief John Jannarone explains why Pinterest either misled investors or is very bad at forecasting its own results. He also explained why Chinese coffee chain Luckin Coffee priced its IPO right and should trade well. Contact: www.IPO-Edge.com […]
Uber Shareholders May Be Shorting Lyft as a Hedge By John Jannarone Many Uber shareholders have been forbidden from selling shares until six months after the IPO. That restriction may have given them an extra reason to bet against rival rideshare operator Lyft. Once Lyft shares began their precipitous slide, it was clear to many […]
Altice USA today announces that Dexter Goei, Altice USA CEO will participate in the 47th Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA on Wednesday, May 15, 2019.
The Uber IPO has been a nightmare since Friday morning, but who's to blame? In an interview with Cheddar, IPO Edge Editor-in-Chief John Jannarone explains that Morgan Stanley and other underwriters faced a serious challenge in finding the right buyers for $8 billion of shares in the Uber IPO. When so many shares are hitting […]
Altice USA today announces that Dexter Goei, Altice USA CEO will participate in the MoffettNathanson 6th Annual Media & Communications Summit in New York City on Tuesday, May 14, 2019.
In an interview with Cheddar Thursday, IPO Edge Editor-in-Chief John Jannarone explained that Uber's underwriters, including Morgan Stanley and Goldman Sachs, faced immense pressure to price the IPO correctly. First, the poor performance of Lyft showed that investors are wary of a ridesharing company with no clear path to profits. Also, the fact that many […]
Likelihood of a fresh tariff regime and renewed trade war negate solid quarterly performance of telecom firms like Qualcomm (QCOM) and Motorola (MSI).
Inside Big Media’s Struggle to Cope with the Changing Times(Continued from Prior Part)Altice’s mobile service launching in summerAltice USA (ATUS) is on track to launch its long-anticipated mobile phone service in the coming months. The cable
Inside Big Media’s Struggle to Cope with the Changing Times(Continued from Prior Part)Fox sold assets to focus more on its news businessAltice USA (ATUS) is acquiring digital news network Cheddar for $200 million in a transaction that’s
Telecoms and cable company Altice Europe will save more than 110 million euros (94 million pounds) annually after refinancing debt in a deal that it said would strengthen its financial position. Altice Europe, founded by billionaire Patrick Drahi, has been selling assets and restructuring to reduce its debt burden. In the past year, Amsterdam-listed Altice Europe has shifted its focus from cost-cutting towards gaining clients while selling infrastructure assets to reassure investors, after making heavy investments in broadcasting rights.
Improvement in broadband customer growth and increase in demand for higher speeds and data usage aids Altice's (ATUS) first-quarter results.
Altice USA is betting Cheddar will continue to expand its news offerings after the acquisition. Cheddar generated about $25 million in revenue through advertising in 2018 and is on pace to make about $50 million this year. Cable and internet provider Altice USA ATUS has agreed to buy news streaming start-up Cheddar for $200 million, snapping up a growing video site with a focus on ad revenue.
Cable provider Altice USA Inc. acquired streaming service Cheddar Inc. on Tuesday for $200 million. The deal was all cash and will make Jon Steinberg, Cheddar founder and CEO, the president of Altice News, according to The Wall Street Journal. The news unit will include New York-based Cheddar, Altice’s News 12 channel, and i24News.
Cable television provider Altice USA has confirmed plans to pay $200 millionfor the millennial-focused, digitally native news network Cheddar in an all-cash, or all-cheddar, rather, deal
Altice will pay $200 million to acquire Cheddar in an all-cash deal, The Wall Street Journal first reported Tuesday. Cheddar's founder and CEO Jon Steinberg will transition to become president of a newly created unit called Altice News. Altice News will include its already existing News 12 channel and i24News, along with Cheddar's suite of content including live business, general news and a college network focused on millennial audiences.
Altice USA said Tuesday it is acquiring digital news company Cheddar for $200 million. The deal is expected to close in the next two months. Cheddar, which targets a millennial audience, will join Altice USA News, which includes a range of global news services. Cheddar Chief Executive and Founder Jon Steinberg will join Altice USA as head of Altice News, including Cheddar, News 12 and i24NEWS. Cheddar broadcasts 19 hours a day of live news via its Cheddar Business and Cheddar News, a general news network. Altice shares were down 1.5%, but have gained 30% in the last 12 months, while the S&P 500 has gained 11%.