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Crown Castle International Corp. (CCI)

- NYSE
  • Jul. 17, 2013, 10:35 AM
    Muddy Waters releases its rumored report on American Tower (AMT -2.4%), declaring the cell tower owner a Strong Sell and setting a $44.57 PT. The firm accuses AMT of overstating the price it paid for 666 Brazilian towers by $250M (citing sources and financial documents), makes note of insider selling and perceived corporate governance issues, and deems the rise of carrier Wi-Fi and small cell networks a threat to tower growth. Also, AMT's international ops are accused of overvaluing assets, and of overpaying for towers in exchange for excess rent payments (an arrangement deemed a de facto loan). CCI -1.4%. SBAC -0.8%. (slides - .ppt)
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  • Jul. 17, 2013, 9:14 AM
    American Tower (AMT) -2.6% amidst rumors Muddy Waters is set to issue a negative report about the company. Rival Crown Castle (CCI) -2.3%.
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  • Jul. 9, 2013, 9:39 AM
    A roundup of tech analyst ratings changes: 1) Sprint (S +0.6%) has received an upgrade to Outperform from Cowen in response to the SoftBank deal. 2) H-P (HPQ +0.9%) has been upgraded to Buy by Brean. 3) Nokia (NOK +2.9%) has been downgraded to Neutra by Swedbank. 4) Western Digital (WDC +0.8%) has been started at Outperform, and Seagate (STX +0.5%) at Neutral, by Piper. 5) Crown Castle (CCI +0.4%) has been downgraded to Equal Weight by Evercore. 6) International Rectifier (IRF +3.4%) has been upgraded to Strong Buy by Raymond James. 7) Freescale (FSL +5%) has been upgraded to Overweight by Piper. 8) Synchronoss (SNCR -7.4%) has been downgraded to Sell by Goldman. 9) SolarCity (SCTY -2%) has been started at Hold by Maxim. 10) Ixia (XXIA -22.7%) has been downgraded to Hold by Stifel in response to its Q2 warning.
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  • May 28, 2013, 6:51 PM
    Talks with Cisco (CSCO) customers and rivals at the CTIA trade show reinforced Pac Crest's view the networking giant's software M&A binge leave it well-positioned to help major carriers "automate, orchestrate and virtualize different physical elements of the network." The firm adds that while overall carrier capex is mixed, "pockets of growth" are being found in the U.S. Cisco managed to see 8% Y/Y carrier order growth in FQ3, a likely sign of share gains. Meanwhile, both Stifel and Pac Crest see SBA (SBAC) as a beneficiary of strong cell tower leasing activity from U.S. carriers. The firms also see small cell deployments giving a lift SBA and its rivals (AMT, CCI). (CSCO acquisitions: I, II, III)
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  • Apr. 25, 2013, 3:20 PM
    "We had an excellent first quarter," says Crown Castle (CCI +5.9%) CEO Ben Moreland. More from the company's Q1 report: while revenue came in well ahead of expectations, the bottom line was impacted by a $36M loss related to the retirement of debt (net income was $15M inclusive of that charge). Adjusted EBITDA came in above the high end of guidance and the company raised its Q2 and FY13 EPS guidance to between $0.08-0.22 per share and between $0.35-0.68 per share respectively. Also: Macuarie upgrades the stock to Outperform from Neutral. Other tower stocks trading higher: AMT +3.38% , SBAC +2.45% .
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  • Apr. 24, 2013, 4:11 PM
    Crown Castle (CCI): Q1 EPS of $0.05. Revenue of $740M (+34% Y/Y) beats by $41.67M. (PR)
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  • Apr. 24, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA
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  • Apr. 23, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA
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  • Jan. 23, 2013, 4:09 PM
    Crown Castle (CCI): Q4 EPS of -$0.07 may not be comparable to consensus of $0.14. Revenue of $674M (+30% Y/Y) beats by $50.13M. (PR)
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  • Jan. 23, 2013, 12:05 AM
    Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC
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  • Jan. 22, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC
    | 3 Comments
  • Jan. 3, 2013, 10:22 AM
    SBA Communications (SBAC -1.7%) and American Tower (AMT -2.4%) slip after receiving downgrades to Neutral from Macquarie. The downgrades come a day after SBA announced its 4% senior notes due 2014 and 1.875% senior notes due 2013 had hit their equity conversion prices. Crown Castle (CCI -1.7%) is also lower.
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  • Dec. 12, 2012, 12:08 PM
    Crown Castle (CCI +2.3%) has priced $1.5B worth of debt it's using in a refinancing effort on pretty favorable terms. $500M worth of notes due 2017 and $1B worth of notes due 2023 will have a weighted average interest of 3.36%. The notes, along with a $500M increase in Crown Castle's credit facility, will be used to repurchase 9% notes due 2015 and 7.75% notes due 2017. Crown Castle had nearly $8.4B in debt on its balance sheet as of Sep. 29.
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  • Nov. 7, 2012, 1:36 PM
    U.S. cell tower owners American Tower (AMT +2.4%), SBA (SBAC +1.6%), and Crown Castle (CCI +0.8%) are also getting a lift from AT&T's (T -2.3%) capex plans, which include a push to offer 4G LTE services as a broadband option for rural areas. Wells Fargo expects AMT to benefit from AT&T's plan to adds 10K new cell sites and 40K small cells, while Citi views Ciena (CIEN +8%), Juniper (JNPR +1.8%), Cisco (CSCO -0.9%), and Adtran (ADTN +4.2%) as beneficiaries of Ma Bell's wireline investments.
    | 1 Comment
  • Oct. 24, 2012, 4:18 PM
    Crown Castle International (CCI): Q3 EPS of $0.14 misses by $0.01. Revenue of $621.3M (+21% Y/Y) beats by $25M. (PR)
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  • Oct. 24, 2012, 12:10 AM
    Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA
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Company Description
Crown Castle International Corp owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops, and other communication structures.