SBAC: SBA Communications Corporation Instablogs

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Tuesday, May 28, 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) Comment! [Tech]
Friday, May 17, 9:10 AM Leap Wireless (LEAP) -2.5% after Barclays starts coverage with an Underweight and $4 PT as part of a broader coverage launch of U.S. telecom service providers. Tower owners SBA (SBAC) and American Tower (AMT) have been started at Overweight, and so has Verizon (VZ). AT&T (T) and T-Mobile USA (TMUS) have been started at Equal Weight. Comment! [Tech, On the Move]
Monday, April 29, 4:14 PM SBA Communication (SBAC): Q1 EPS of -$0.18 beats by $0.04. Revenue of $313.1M beats by $11.3M. (PR) Comment! [Earnings, Breaking News]
Monday, April 29, 12:10 AM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Sunday, April 28, 5:35 PM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Thursday, April 25, 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% . Comment! [Tech, Earnings]
Thursday, February 21, 4:56 PM Tech guidance roundup: 1) Sourcefire (FIRE - earnings) expects Q1 revenue of $56M-$58M and EPS of $0.11-$0.13 vs. a consensus of $55.3M and $0.15. 2) WebMD (WBMD - earnings) expects 2013 revenue of $430M-$455M and EPS of -$0.45 to -$0.13, largely above a consensus of $422.1M and -$0.44. Q1 revenue is expected to exceed $105M, consensus is at $93.6M. 3) SBA (SBAC - earnings) 2013 revenue of $1.19B-$1.22B, largely above a consensus of $289.6M and $1.19B. 2013 AFFO of $462M-$496M expected. FIRE +12.4% AH. WBMD +10.4%. SBAC unchanged. Comment! [Tech, Earnings, On the Move]
Thursday, February 21, 4:17 PM SBA Communications (SBAC): Q4 EPS of -$0.41 misses by $0.26. Revenue of $293.8M (+60% Y/Y) beats by $5.06M. (PR) Comment! [Earnings, Breaking News]
Thursday, February 21, 12:10 AM Notable earnings after Thursday’s close: ACTG, AIG, ARUN, ATLS, BMRN, BV, CENX, CLGX, COG, CUBE, CYH, DRYS, EXEL, EXR, FIRE, FLS, FTR, GDI, HPQ, INT, INTU, ITMN, JWN, MRVL, NEM, NPSP, ONXX, PSA, SBAC, SWN, TS, WBMD Comment! [Earnings]
Wednesday, February 20, 5:35 PM Notable earnings after Thursday’s close: ACTG, AIG, ARUN, ATLS, BMRN, BV, CENX, CLGX, COG, CUBE, CYH, DRYS, EXEL, EXR, FIRE, FLS, FTR, GDI, HPQ, INT, INTU, ITMN, JWN, MRVL, NEM, NPSP, ONXX, PSA, SBAC, SWN, TS, WBMD 2 Comments [Earnings]
Thursday, January 3, 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. Comment! [Tech]
Wednesday, November 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 [Tech, On the Move, Quick Ideas]
Monday, November 5, 2012, 4:30 PM SBA Communications (SBAC): Q3 EPS of -$0.43 misses by $0.21. Revenue of $238.6M (+36% Y/Y) beats by $4M. (PR) Comment! [Earnings]
Monday, November 5, 2012, 12:10 AM Notable earnings after Monday’s close: ALNY, CF, CLNE, CTRP, CVI, DEPO, ED, ENOC, EOG, ESRX, FIS, FNF, JIVE, LF, LYV, MDR, MED, MM, MMLP, MR, MYGN, NRP, PAA, PDLI, PNG, SBAC, TEG, THQI, TWTC, UAN, VVC, WLT, WTW, XL, Z Comment! [Earnings]
Sunday, November 4, 2012, 5:35 PM Notable earnings after Monday’s close: ALNY, CF, CLNE, CTRP, CVI, DEPO, ED, ENOC, EOG, ESRX, FIS, FNF, JIVE, LF, LYV, MDR, MED, MM, MMLP, MR, MYGN, NRP, PAA, PDLI, PNG, SBAC, TEG, THQI, TWTC, UAN, VVC, WLT, WTW, XL, Z Comment! [Earnings]
Wednesday, October 3, 2012, 5:49 PM U.S. cell tower owners rallied today, possibly in response to the MetroPCS/T-Mobile deal. SBAC +2%. AMT +1.4%. CCI +2.8%. While the reverse merger will result in some duplicate cell sites being eliminated - American Tower just announced MetroPCS and T-Mobile share space on ~1,000 of its sites - it also puts T-Mobile's 4G LTE ambitions on better footing, both by increasing its spectrum assets and allowing the carrier to tap U.S. capital markets. Comment! [Tech, On the Move]

SBAC SBA Communications Corporation

SBAC

SBA Communications Corporation