Bullish indicating open at $55-$60, IPO prices at $37
In a notable surge, Altice USA Inc . (NYSE:ATUS) stock has reached a 52-week high, touching $3.20 as the market experiences a broad rally. With a market capitalization of $1.37 billion and EBITDA of $3.4 billion, the company has shown remarkable momentum, as highlighted by InvestingPro data. This peak represents a significant turnaround for the company, which has seen its stock climb an impressive 42.59% over the past year, including a remarkable 59.41% surge in the past six months. Investors have responded positively to the company’s strategic initiatives and operational improvements, which have been reflected in the stock’s robust performance. InvestingPro analysis indicates the company’s net income is expected to grow this year, with 8 additional exclusive insights available to subscribers. The 52-week high milestone is a key indicator of the market’s renewed confidence in Altice USA’s growth prospects and financial health, which InvestingPro rates as FAIR in its comprehensive analysis available through its Pro Research Report, part of its coverage of over 1,400 US equities.
In other recent news, Altice USA reported fourth-quarter results that fell short of analyst expectations. The company posted adjusted earnings per share of -$0.12, missing the consensus estimate of $0.04 by $0.16. Revenue for the quarter was $2.23 billion, slightly below the $2.24 billion analysts had projected and down 2.9% year over year. Despite these results, Altice USA saw strong growth in its fiber and mobile businesses, adding a record 57,000 fiber customers in Q4 and growing mobile lines by 43% year over year. However, the company experienced net losses of 39,000 in total broadband primary service units in Q4. On a positive note, Altice USA’s News and Advertising segment revenue increased 23% year over year to $157.5 million in Q4. Looking forward, the company plans to focus on improving broadband subscriber trends, growing mobile penetration, and enhancing operational efficiency in 2025.
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