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Crown Castle International Corp. (CCI)

- NYSE
  • 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%.
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  • 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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  • Jan. 24, 2012, 5:35 PM
    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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  • Jan. 12, 2012, 12:00 PM
    Crown Castle International (CCI -1.4%) agrees to buy a portfolio of ground lease-related assets from privately held Wireless Capital Partners for about $180M in cash and the assumption of $320M in debt. The purchase gives the cell-tower company greater control over some of its towers.
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  • Dec. 20, 2011, 10:13 AM
    Jefferies sees tower companies as winners from AT&T's dropped bid for T-Mobile, set to "rally on the prospect of the U.S. national wireless market not contracting to three players from four." Chances rise that deep pockets will provide business to some of the entities with alternative sources of spectrum, Jefferies adds. CCI +2.9%, AMT +3.7%, SBAC +3.5%, FTWR +6.8%, TWER +4.2%.
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  • Dec. 16, 2011, 8:50 AM
    Crown Castle International (CCI) buys privately-owned NextG Networks for $1B to help boost its portfolio of distributed antenna systems. The deal is expected to close in Q2 and be funded with debt financing.
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  • Oct. 25, 2011, 4:11 PM
    Crown Castle International (CCI): Q3 EPS of $0.15 beats by $0.03. Revenue of $514M (+7% Y/Y) beats by $7M. Expects Q4 EPS of $0.12-$0.21 vs. expected $0.13. (PR)
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  • Oct. 25, 2011, 12:10 AM
    Notable earnings after Tuesday's close: ACC, ACE, AGNC, AMZN, BRCM, BXP, CBI, CCI, CHRW, CNI, ESRX, FFIV, FTI, HGSI, HTS, LIFE, LPS, MCK, MTW, NBR, QCOR, QEP, RFMD, RHI, RRC, RSH, SKT, STR, TSS, WU
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  • Jul. 27, 2011, 4:51 PM
    Crown Castle International (CCI): Q2 EPS of $0.09 in-line. Revenue of $500M (+10% Y/Y) beats by $3M. (PR)
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  • Jul. 27, 2011, 12:10 AM
    Notable earnings after Wednesday's close: AEM, AFL, AKAM, AMKR, AMP, ARRS, AVB, BDN, BMC, CBG, CCI, CINF, CLF, CMO, COG, CROX, CTXS, DOX, DRE, DRYS, EFX, EQR, GG, GMCR, HMA, IDCC, ISIL, KBR, KEX, LOGI, LRCX, LSI, MUR, OI, OII, ORLY, SEE, STR, SYMC, TER, TMK, TQNT, UHS, V, WFM, WLL
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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.