MARKET COMPOSITE
SBAC - SBA Communications Corp8:00:00 PM 4/25/2024
Price
$197.93
-1.07 (-0.54%)
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue38.9MM-14%
Gross Profit530.7MM-0%
Cost Of Revenue25MM-21%
Operating Income-504.3MM-303%
Operating Expenses1B-
Net Income-282.8MM-423%
G&A67.5MM+4%
Amortization93.5MM-7%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    Get a deeper insight into the potential performance of SBA Communications (SBAC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

    “We believe earnings growth is set for a healthier runway through 2024,” Morgan Stanley’s analysts wrote.

    SBA Communications' (SBAC) Q1 earnings are likely to have benefited from the robust demand for its wireless communication assets by carriers, though high interest expenses may have hurt it.

    Tower real estate investment trusts (REITs) own and operate cell towers or communication towers. These towers are critical components of wireless communication infrastructure, providing space for antennas and equipment used by mobile network operators. Tower REITs typically generate income by leasing space on their towers to wireless carriers, telecommunications companies, and other communication service providers. The demand for tower space has increased with the growth of mobile communications

    In this article, we will be covering the global real estate market and the 21 largest real estate companies in the world. If you wish to skip our detailed analysis, you can move directly to the 5 Largest Real Estate Companies in the World. Global Real Estate Market: An Overview As reported by Savills, global […]

    BOCA RATON, Fla., April 08, 2024--SBA Communications Corporation (NASDAQ: SBAC) ("SBA" and "Company") announced it will release its first quarter results on Monday, April 29, 2024 after market close.

    SBA Communications (SBAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

    SBA Communications (SBAC) is likely to benefit from the rising global demand for wireless connectivity and its asset buyouts. However, notable customer concentration and high interest rates are key woes.

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