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Crown Castle International Corp. (CCI)

- NYSE
  • Jul. 18, 2012, 2:37 PM
    American Tower (AMT -4.5%) is diving on a downgrade to Neutral from Citi. The firm cites a high valuation following a strong run-up over the last 12 months, and a lack of "meaningful upside" to Street estimates. Other wireless tower owners are lower in sympathy. SBAC -2%. CCI -2.7%.
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  • Jun. 21, 2012, 6:02 AM
    American Tower (AMT), Crown Castle (CCI) and P-E firms have made second-round bids for T-Mobile USA's (DTEGF.PK) cellular towers, Bloomberg reports. "I expect they will announce a winner in July and probably close the deal by September," says Macquarie analyst Kevin Smithen, who estimates that the assets could fetch $2B.
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  • Apr. 25, 2012, 4:38 PM
    Crown Castle International (CCI): Q1 EPS of $0.67 beats by $0.02. Revenue of $552M (+10.6% Y/Y) beats by $35M. Shares -0.6% AH. (PR)
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  • Apr. 25, 2012, 12:10 AM
    Notable earnings after Wednesday's close: AIZ, AKAM, BDN, CAKE, CCI, CDNS, CLF, CROX, CRUS, CTXS, DRE, EQIX, EQR, FNF, GG, ISIL, KBR, LSI, LVS, OI, PMTC, QGEN, RRC, RYL, SUSQ, TER, TEX, WLL, WMB, XLNX
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  • Apr. 24, 2012, 5:35 PM
    Notable earnings after Wednesday's close: AIZ, AKAM, BDN, CAKE, CCI, CCDNS, CLF, CROX, CRUS, CTXS, DRE, EQIX, EQR, FNF, GG, ISIL, KBR, LSI, LVS, OI, PMTC, QGEN, RRC, RYL, SUSQ, TER, TEX, WLL, WMB, XLNX
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  • Apr. 10, 2012, 10:50 AM
    Canaccord says a potential T-Mobile tower asset sale could be as large as $2.5B - $3B, and that M&A synergies and additional leases could drive up future estimates. This could create another attractive buying opportunity for tower stocks: SBA Communications (SBAC +0.2%), Crown Castle (CCI +0.1%) and American Tower (AMT +0.3%).
    | 1 Comment
  • Mar. 29, 2012, 9:42 AM
    T-Mobile (DTEGY.PK) says that it hired TAP Advisors in order to help it sell wireless towers in a deal that could fetch as much as $3B. Potential buyers include tower operators AMT, CCI, and SBAC.
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  • Mar. 14, 2012, 8:59 AM
    Wireless tower owner Crown Castle (CCI) celebrates its coming move into the S&P 500, but it's getting no respect today as shares are downgraded to Neutral at Goldman Sachs and J.P. Morgan on a valuation basis following the stock’s recent strong performance. CCI -2.1% premarket.
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  • Mar. 12, 2012, 10:25 AM
    Wireless tower owner Crown Castle (CCI +1.4%) trades higher following bullish comments from Benchmark, which is lifting its PT to $63. The firm claims U.S. leasing activity for wireless towers is ramping as the four major carriers build out their 4G networks (I, II, III, IV), and Crown Castle, which receives 94% of its revenue from the U.S., is well-positioned to benefit. (previously)
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  • Mar. 8, 2012, 1:04 PM
    BofA/Merrill raises its price target to $60 on Crown Castle (CCI +2.5%), citing its S&P 500 index inclusion and improved tower leasing demand.
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  • Mar. 8, 2012, 9:00 AM
    Premarket gainers: MWA +18%. XOMA +8%. SQNM +7%. NBG +5%. GNOM +4%. CCI +4%. RAD +5%. MWW +4%. DB +4%. ING +4%. RIO +3%. MT +3%. BUD +3%. DRYS +3%. ARMH +3%. STO +3%. UBS +3%. SINA +3%. AEO +3%.
    Losers: DNDN -13%. STP -6%. ALKS -5%. WSM -4%. AMLN -4%. MCD -3%. CIGX -3%. UAL -3%. AGNC -3%.
    | 2 Comments
  • Mar. 7, 2012, 5:24 PM
    Crown Castle (CCI) +5.2% AH after it's reported the mobile tower operator will replace Constellation Energy (CEG) in the S&P 500. Constellation is set to be acquired by Exelon.
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  • Mar. 1, 2012, 1:40 PM
    UBS pounds the table for Crown Castle (CCI +1.3%), arguing strong industry-wide demand for the company's cell towers will translate into healthy cash flow growth. In addition, the firm expects Clearwire's 4G LTE buildout and T-Mobile USA's new investment plans to give Crown Castle a lift.
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  • Jan. 25, 2012, 4:26 PM
    More on Crown Castle (CCI): Q4 earnings come in line with estimates on a +17% Y/Y increase in FFO. Site rental revenue rose $24M, or 5% Y/Y, to $471M, while site rental gross margin, defined as site rental revenue less site rental cost of operations, jumped $26M, or 8%, over the same period. Shares +1.6% AH.
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  • Jan. 25, 2012, 4:13 PM
    Crown Castle (CCI): Q4 EPS of $0.16 in line. Revenue of $519M (+5% Y/Y) beats by $2M. Shares -0.5% AH. (PR)
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  • Jan. 25, 2012, 12:10 AM
    Notable earnings after Wednesday's close: AMLN, CCI, CTXS, DRE, ETFC, JEC, LRCX, LSI, MUR, NE, NFLX, OI, PMTC, SNDK, SUSQ, SWK, SYMC, TER, URI, 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.