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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:26 EDTSBAC, CCI, TSU, AMTBR Towers joins Brazilian firms in $4B tower sale increase, Bloomberg says
Brazilian companies are approaching U.S. tower operators to solicit offers for more than $4B in wireless assets being sold in three different auction processes, according to Bloomberg, citing people with knowledge of the pending transactions. BR Towers, Grupo TorreSur and Tim Participacoes (TSU) are all looking to divest towers in separate agreements valued at more than $1B each. BR Towers is pitching the sale of its assets to American Tower (AMT), Crown Castle (CCI), and SBA Communications (SBAC). Reference Link
News For AMT;CCI;SBAC;TSU From The Last 14 Days
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February 26, 2015
16:28 EDTSBACSBA Communications sees FY15 discretionary cash expenditures $509M-$529M
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16:27 EDTSBACSBA Communications sees FY15 revenue $1.626B-$1.671B, consensus $1.67B
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16:27 EDTSBACSBA Communications sees Q1 revenue $403M-$413M, consensus $403.92M
16:25 EDTSBACSBA Communications reports Q4 EPS 0c, consensus 2c
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15:30 EDTSBACNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
06:48 EDTAMTAmerican Tower 23.5M share Secondary priced at $97.00
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February 25, 2015
07:59 EDTAMTAmerican Tower 2015 guidance conservative, says Wells Fargo
After American Tower reported stronger than expected Q4 results, Wells Fargo thinks the results were solid, while the company's 2015 guidance is conservative. The firm continues to be upbeat about American Tower's international growth outlook, and views the company's overall outlook as compelling. It keeps an Outperform rating on the shares.
07:44 EDTAMTAmerican Tower weakness a buying opportunity, says UBS
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07:24 EDTAMTAmerican Tower price target lowered to $110 from $120 at Canaccord
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February 24, 2015
10:06 EDTAMTHigh option volume stocks
High option volume stocks: CHGG LBTYK SMH RCAP NGLS OTEX TERP CNC ALKS AMT
07:01 EDTAMTAmerican Tower to offer 23.5M shares of common stock, 12.5M preferred shares
American Tower is offering 23,500,000 shares of our common stock and 12,500,000 depositary shares or preferred shares, each representing a 1/10th interest in a share of mandatory convertible preferred stock, series B, par value $0.01 per share. Goldman, Sachs & Co. is acting as lead book-running manager for both the common stock and the depositary shares offerings. BofA Merrill Lynch, Barclays, Citigroup and J.P. Morgan are also acting as joint book-running managers with respect to the common stock offering, and RBC Capital Markets, Morgan Stanley, RBS Securities Inc. and TD Securities are also acting as joint book-running managers with respect to the depositary shares offering.
February 23, 2015
16:38 EDTAMTAmerican Tower sees FY15 CapEx $800M-$900M
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16:35 EDTAMTAmerican Tower sees FY15 revenue $4.25B-$4.33B, consensus $4.62B
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16:33 EDTAMTAmerican Tower reports Q4 EPS 42c, consensus 51c
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15:23 EDTAMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
February 16, 2015
12:26 EDTCCICrown Castle to explore potential sale of Australian subsidiary
Crown Castle International announced that it plans to explore the potential sale of its Australian subsidiary, CCAL. "In light of recent unsolicited offers we have received for our interest in CCAL, we have determined that fully exploring the options available to us will ensure the best long-term results for our shareholders," stated Ben Moreland, Crown Castle's President and CEO. "Similar to our US business, CCAL has developed into a leading wireless infrastructure provider in the attractive Australian market with a unique portfolio of assets and platform for future growth and expansion." CCAL is the largest independent tower operator in Australia. Crown Castle owns 77.6% of CCAL and has an intercompany loan of approximately A$306M due from CCAL as of December 31. CCAL is expected to contribute approximately 4% to 5% to the midpoint of Crown Castle's previously provided full year 2015 Outlook for Adjusted EBITDA of US$2.15B and AFFO of US$1.46B. Crown Castle's full year 2015 Outlook was previously provided on January 21 and assumed an exchange rate of 0.81 US dollars to 1.0 Australian dollar. There can be no assurance that the exploration of a potential sale will result in the consummation of any specific action. Crown Castle does not intend to discuss developments with respect to the exploration of a sale unless or until its Board of Directors reviews and approves a specific action or otherwise deems further disclosure is appropriate or required.

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