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  • Altice USA Inc. (ATUS) Active After-Hours Trading: A Comprehensive Analysis

    Altice USA Inc. (ATUS) Active After-Hours Trading: A Comprehensive Analysis

    Altice USA Inc. (ATUS) has recently made a significant impact in the after-hours trading market. The company experienced a robust volume of 9.05 million shares following the market close.

    This article provides an in-depth exploration of the company’s recent performance, key operational highlights, financial overview, and balance sheet review for the third quarter ended September 30, 2023.

    Key Operational Highlights for the Third Quarter

    Altice USA Inc. has demonstrated notable progress across various business aspects during the third quarter of 2023.

    The company’s strategic initiatives have resulted in improved financial performance, enhanced broadband subscriber relationship trends, increased mobile net additions, and significant fiber customer growth.

    Broadband Primary Service Units (PSUs) Improvement

    The company witnessed a remarkable year-over-year improvement in total broadband PSUs. There was a decrease in broadband net losses from -43k in Q3 2022 to -31k in Q3 2023, indicating an enhancement in broadband net add performance trends by 13k.

    Record Quarter for Fiber Net Additions

    Altice USA Inc. reported its best quarter for fiber net additions during Q3 2023.

    The company added 45k new fiber customers, resulting from both increased fiber gross additions and voluntary migrations of existing customers. By the end of Q3 2023, the total number of fiber broadband customers reached 295k.

    Optimum Mobile Net Add Growth Acceleration

    The company’s Optimum Mobile service has observed consistent growth for the third consecutive quarter, adding 24k mobile net additions in Q3 2023.

    This figure represents a five-fold increase over the mobile net additions in Q3 2022. As of Q3 2023, Optimum Mobile has achieved a 6.3% penetration rate within the company’s overall broadband customer base, marking an increase from 5.1% in Q3 2022.

    Enhanced Customer Experience Leading to Higher Satisfaction Scores

    Altice USA Inc. has made significant strides in improving its customer experience, leading to increased satisfaction scores.

    The company has seen a 22-point improvement in transactional NPS score in Q3 2023 compared to Q3 2022. Additionally, there has been a 71% increase in the self-install rate for qualified new customers during the same period.

    Delivering Best-in-Class Network Experiences

    The company continues to progress in building and delivering top-tier network experiences. It added 61k new FTTH passings in the quarter, reaching a total of 2.72 million passings. Additionally, the company expanded the availability of its Optimum 8 Gig symmetrical Fiber service to its entire East fiber footprint, making it the largest residential 8-gig service in the nation.

    Third Quarter Financial Overview

    Altice USA Inc. disclosed its Q3 2023 financial results, reporting total revenue of $2.32 billion.

    Despite a 3.2% year-over-year decrease, largely influenced by a 3.4% decline in residential revenue, the company marked a positive turn with 0.1% year-over-year growth in business services revenue.

    This growth is noteworthy as it breaks a six-quarter streak of declining business services revenue.

    Conclusion

    Altice USA Inc. has showcased notable advancements across diverse business sectors in Q3 2023. Despite US stock market challenges, the company has attained key operational milestones, prioritizing top-notch network experiences and enhanced customer satisfaction.

    The recent financial performance, coupled with strategic initiatives, paints a positive picture for sustained broadband and cash flow growth.

  • 16 Best Telecom Stocks That Need Your Attention

    16 Best Telecom Stocks That Need Your Attention

    This year the telecom services industry is preparing for some of the biggest technological advancements industry has seen in years. Technologies such as the Internet of things (IoT) and 5G technologies will completely change the shape of the telecom industry and has brought innovation on a massive scale.

    5G which is the recent technology has the ability to provide the users with greater speed to move more data, reduce delay time for shorter load times, and increases the ability to connect more devices at once. Likewise, the IoT comprised of a network of connected devices, able to communicate with each other, and which can be controlled and monitored remotely. These all-new technologies will completely change the telecom industry.

    Let see the 16 top telecom services companies and see how they are providing the unique and frictionless experience to their customers:

    AT&T Inc. (NYSE: T)

    AT&T Inc. (NYSE: T) shares were trading down -0.67% at $28.13 at the time of writing on Monday. AT&T Inc. (NYSE: T) share price went from a low point around $26.08 to briefly over $39.70 in the past 52 weeks, though shares have since pulled back to $28.13. T market cap has remained high, hitting $202.48B at the time of writing, giving it a price-to-sales ratio of more than 1.

    AT&T Inc. (T) announced earlier that its CEO John Stankey will be the starting speaker of the WSJ Tech Live conference on October 19, 2020. The presentation will be held virtually and is scheduled to begin at 12:05 p.m. ET. If we look at the recent analyst rating T, KeyBanc Capital Markets downgraded coverage on T shares with an Underweight rating and a $32.02 price target, which implies room for 3.89% upside momentum this year.

    Verizon Communications Inc. (NYSE: VZ)

    Verizon Communications Inc. (NYSE: VZ) last closed at $59.55, in a 52-week range of $48.84 to $62.22. Analysts have a consensus price target of $61.17. Verizon Communications Inc. (VZ) has earlier announced that it is planning to bring music back with an all-female lineup of events exclusively for members of Verizon Up, the award-winning customer loyalty program. Beginning October 20, through the end of December, artists including Maren Morris, Brittany Howard, Brandi Carlile, Jessie Reyez, Kelsea Ballerini, KAROL G, Maggie Rogers and Chloe x Halle will perform live.

    Lumen Technologies Inc. (NYSE: LUMN)

    Lumen Technologies Inc. (NYSE: LUMN) stock drop by -0.79% to $10.03. Lumen Technologies Inc. (LUMN) has revealed that it has expanded its Cisco Hosted Collaboration Solution (HCS) to Europe, the Middle East, Asia and Pacific regions, providing customers with simplified IP-based voice, video, and messaging services. LUMN market cap has remained high, hitting $11.03 Billion at the time of writing.

    Zoom Video Communications Inc. (NASDAQ: ZM)

    Zoom Video Communications Inc. (NASDAQ: ZM) Shares headed falling, lower as much as -0.18% after Zoom Video Communications To Hold Financial Analyst Meeting During Zoomtopia. The most recent rating by Mizuho, on October 09, 2020, is at a Buy. Zoom Video Communications Inc. (ZM) has market capitalization of 135.87 billion at the time of writing.

    T-Mobile US Inc. (NASDAQ: TMUS)

    T-Mobile US Inc. (NASDAQ: TMUS) rose 2.42% after gaining more than $2.84 on Monday. Not the Onion: T-Mobile Unveils a Betty Crocker Layer Cake. T-Mobile US Inc. (TMUS) has disclosed the Supercharged 5G Un-carrier Layer Cake to celebrate the Un-carrier’s revolutionary ‘layer cake’ approach to 5G and all its 5G momentum.

    Altice USA Inc. (NYSE: ATUS)

    Altice USA Inc. (NYSE: ATUS) last closed at $27.92, in a 52-week range of $15.95 to $31.78. Analysts have a consensus price target of $35.22. Altice USA Inc. (ATUS) has announced that it is scheduled to host conference call on Thursday , October 29, 2020. This company has traded up 74.99% from its 52-weeks low and moved down -12.15% from its 52-weeks high.

    VEON Ltd. (NASDAQ:VEON)

    VEON Ltd. (NASDAQ:VEON) Shares headed rising, higher as much as 2.94%. The most recent rating by Morgan Stanley, on October 06, 2020, is at an Overweight. VEON Ltd. (VEON) has earlier announced that its partner in Pakistan, the Dhabi Group, has exercised its put option to sell VEON its 15% shareholding in PMCL, the operating company of Pakistan’s leading mobile operator, Jazz.

    Vonage Holdings Corp. (NASDAQ:VG)

    Vonage Holdings Corp. (NASDAQ:VG) rose 4.14% after gaining more than $0.44 on Monday. Vonage Holdings Corp. (VG)  has been earlier chosen as a supplier on Crown Commercial Service’s (CCS) G-Cloud framework, for its Vonage Business Communications and Vonage Contact Center solutions.

    Vodafone Group Plc (VOD)

    Vodafone Group Plc (VOD) last closed at $14.77, in a 52-week range of $11.46 to $21.72. Analysts have a consensus price target of $22.13. Vodafone Group Plc (VOD) revealed erlier it had won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a $2 billion tax claim.

    GCI Liberty Inc. (NASDAQ:GLIBA)

    GCI Liberty Inc. (NASDAQ:GLIBA) shares headed rising, higher as much as 2.03% after Halper Sadeh LLP Continues to Investigate the Following Companies; Investors are Encouraged to Contact the Firm – MYOK, EIDX, GLIBA, MR. The most recent rating by The Benchmark Company, on February 26, 2020, is at a Buy.

    Telefonica S.A. (TEF)

    Telefonica S.A. (TEF) stock drop by -2.33% to $3.77. The most recent rating by Credit Suisse, on July 02, 2020, is at a Neutral. Telefonica S.A. (TEF) is in the final stages of negotiating a roughly 5 billion euros ($5.9 billion) deal to build a fibre-optic network in Germany.

    Pareteum Corporation (NASDAQ:TEUM)

    Pareteum Corporation (NASDAQ:TEUM) Shares headed falling, lower as much as -15.27%. The most recent rating by Oppenheimer, on October 22, 2019, is at a Perform. Pareteum Corporation (TEUM) has revealed earlier that it has partnered with Strattner Technologies LLC, a subsidiary of Strattner Financial Group (OTC: SCNG), to launch the Strattner Voice brand, a GSM cellular network complementing its satellite communications network Strattner.Space.

    Liberty Latin America Ltd. (NASDAQ:LILAK)

    Liberty Latin America Ltd. (NASDAQ:LILAK) fall 0.00% after losing more than $0.0 on Monday. Liberty Latin America Ltd. (LILAK) earlier announced the final results of its rights offering, which was fully subscribed and expired in accordance with its terms at 5:00 p.m., New York City time, on September 25, 2020.

    Gogo Inc. (NASDAQ: GOGO)

    Gogo Inc. (NASDAQ: GOGO) stock drop by -8.99% to $10.02. The most recent rating by Cowen, on September 09, 2020, is at a Market perform. Gogo Inc. (GOGO) has traded up 653.38% from its 52-weeks low and moved down -13.62% from its 52-weeks high. Looking at its profitability its has a return on assets of -18.20%, return on equity of 47.00%, and return on investment of -3.20%.

    America Movil S.A.B. de C.V. (NYSE: AMX)

    America Movil S.A.B. de C.V. (NYSE: AMX) last closed at $12.81, in a 52-week range of $10.12 to $18.03. Analysts have a consensus price target of $16.66. America Movil S.A.B. de C.V. (AMX) has total market capitalization of $41.63 at the time of writing.

    Mobile TeleSystems Public Joint Stock Company (MBT)

    Mobile TeleSystems Public Joint Stock Company (MBT) stock drop by -0.23% to $8.52. The most recent rating by Goldman, on March 20, 2020, is at a Buy. Mobile TeleSystems Public Joint Stock Company (MBT) market has remained high, hitting $8.65 billion at the time of writing.

     

  • Here’s Top 15 Stocks In Telecom Services Industry You Should Consider Buying

    Here’s Top 15 Stocks In Telecom Services Industry You Should Consider Buying

    The Telecommunications sector is changing rapidly as the companies use various new technologies to transmit the data globally. 2020 is the year of opportunities for the telecom industry as the telecommunications companies are preparing for the biggest technological advancements in this sector.  The continuous advancement in the telecom industry and with the evolution of 5G technology and the evolution of the internet of things will reshape the telecom sector.

    The telecom sector has played a very important role in connecting people around the world as the coronavirus pandemic has paralyzed the global economy. People are now relying on the services provided by telecom and tech companies as the people now preferred to work from home.

    These are the top best-performing companies in Telecom Services Industry:

    AT&T Inc. (NYSE: T)

    AT&T Inc. (NYSE: T) shares were trading down -1.57% at $28.91 at the time of writing on Thursday. AT&T Inc. (NYSE: T) share price went from a low point around $26.08 to briefly over $39.70 in the past 52 weeks, though shares have since pulled back to $28.91. T market cap has remained high, hitting $207.17B at the time of writing, giving it a price-to-sales ratio of more than 1.

    AT&T Inc. (T) senior executive vice president and CFO, John Stephens has provided an update to shareholders in Bank of America Securities 2020 Media, Communications and Entertainment conference. Stephens said that AT&T remains confident in its ability to generate strong cash flows given the flexibility of wireless and broadband services and continued demand for business connectivity. If we look at the recent analyst rating T, Scotiabank downgraded coverage on T shares with a Sector underperform rating and a $32.40 price target, which implies room for 3.49% upside momentum this year.

    Verizon Communications Inc. (NYSE: VZ)

    Verizon Communications Inc. (NYSE: VZ) last closed at $59.53, in a 52-week range of $48.84 to $62.22. Verizon Response: Unlimited call/text/data for customers impacted by Oregon wildfires. Analysts have a consensus price target of $60.20. Verizon Communications Inc. (VZ) disclosed its plan earlier to enhance the gaming experience for those who want to play on the most awarded network with 5G Built for Gamers. The market cap of Verizon Communications has remained high, hitting $256.02 billion.

    CenturyLink Inc. (NYSE: CTL)

    CenturyLink Inc. (NYSE: CTL) stock drop by -2.85% to $10.55 after CenturyLink commits additional funding to provide computers for students and families. It is planning to promote education through technology by making computers more accessible to students and families for home learning, access to telehealth, and more with a $50,000 donation to PCs for People. It has announced that families and individuals will be able to order low-cost computers at $20 and will be able to ship those in their homes. The most recent rating by Oppenheimer, on July 15, 2020, is at a Perform.

    Gogo Inc. (NASDAQ: GOGO)

    Gogo Inc. (NASDAQ: GOGO) rose 2.33% after gaining more than $0.23 on Thursday. Gogo and GTCR Comment on Investment by GTCR. Gogo Inc. (GOGO) has disclosed that the affiliates of GTCR, a leading private equity firm have got 14%  interest in the common stock of Gogo Inc. Gogo Inc has a total market capitalization of $790.16 million at the time of writing. It has traded up 627.44% from its 52-weeks low and moved down -9.41% from its 52-weeks high.

    VEON Ltd. (NASDAQ: VEON)

    VEON Ltd. (NASDAQ: VEON) stock drop by 0.00% to $1.26. The most recent rating by UBS, on July 23, 2020, is at a Neutral. VEON Ltd. (VEON) VEON Holdings B.V, a subsidiary of VEON Ltd. (VEON) revealed earlier the pricing of its RUB 10 billion, approximately USD 133 million, 6.50% senior unsecured notes due 2025 in 144A / Reg S format issued under its Global Medium Term Note Programme established in April 2020. VEON aimed to enhance the capital structure of VEON by offering the notes. VEON Ltd. has a total market capitalization of $2.32 billion at the time of writing.

    T-Mobile US Inc. (NASDAQ: TMUS)

    T-Mobile US Inc. (NASDAQ: TMUS) Shares headed falling, lower as much as -1.31% after Buckle Up! T-Mobile Achieves Mind-Blowing 5G Speeds with MU-MIMO. The most recent rating by Scotiabank, on August 31, 2020, is at a Sector outperform. T-Mobile US Inc. (TMUS) has earlier introduced an all-new T-Mobile Business Partner Program. The new Partner Program altered the way channel partners work with T-Mobile, making it easier than ever to create value for customers.  T-Mobile US Inc. has remained high, hitting $138.95 billion at the time of writing.

    Altice USA Inc. (NYSE: ATUS)

    Altice USA Inc. (NYSE: ATUS) last closed at $26.50, in a 52-week range of $15.95 to $31.78. Altice USA to participate in the upcoming Goldman Sachs Conference on Tuesday, September 15. ATUS has a 52-weeks low range of $15.95 and a high range of $31.78. Looking at its liquidity, it has a current ratio of 0.70. Altice USA Inc. has a total market capitalization of $15.53 billion at the time of writing. Analysts have a consensus price target of $34.74.

    Vodafone Group Plc (NASDAQ: VOD)

    Vodafone Group Plc (NASDAQ: VOD) fall -2.85% after losing more than -$0.41 on Thursday. Vodafone Group Plc (VOD) head said that the plan of Italy to create a single fast broadband network in which Telecom Italia would hold a majority stake could be a retreat since it effectively amounted to renationalization and re-monopolization. Vodafone Group Plc has a total market capitalization of $38.01 billion at the time of writing.

    Liberty Latin America Ltd. (NASDAQ: LILAK)

    Liberty Latin America Ltd. (NASDAQ: LILAK) rose 1.67% after gaining more than $0.15 on Thursday. Liberty Latin America Ltd. Announces When-Issued Trading and Trading Symbol Information for the subscription rights offering. Liberty Latin America Ltd has a 52-weeks low range of $7.57 and a high range of $18.83. Liberty Latin America Ltd has a total market capitalization of $1.15 billion at the time of writing.

    Vonage Holdings Corp. (NASDAQ: VG)

    Vonage Holdings Corp. (NASDAQ: VG) last closed at $10.13, in a 52-week range of $4.18 to $13.16. Analysts have a consensus price target of $14.14. Vonage Holdings Corp. (VG) has appointed Rinaldo Huriptyo as Vice President and General Manager of Canadian Markets for its Applications Group. It has also announced that it will host a Vonage Convo Virtual event on September 17, 2020. Vonage Holdings Corp has a total market capitalization of $2.62 billion at the time of writing.

    Zoom Video Communications Inc. (NASDAQ: ZM)

    Zoom Video Communications Inc. (NASDAQ: ZM) Shares headed falling, lower as much as -1.33%. The most recent rating by Goldman, on September 01, 2020, is at a Neutral. Zoom Video Communications Inc. (ZM) has a 52-weeks low range of $60.97 and a high range of $478.00. Looking at its liquidity, it has a current ratio of 1.70. Zoom Video Communicatons Inc has a total market capitalization of $111.81 billion at the time of writing.

    America Movil S.A.B. de C.V. (NYSE: AMX)

    America Movil S.A.B. de C.V. (NYSE: AMX) last closed at $12.32, in a 52-week range of $10.12 to $18.03. Analysts have a consensus price target of $16.54. America Movil S.A.B. de C.V. (AMX) has a 52-weeks low range of $10.12 and a high range of $18.03. Looking at its liquidity, it has a current ratio of 0.80. America Movil S.A.B. de C.V. has a total market capitalization of $41.22 billion at the time of writing.

    Mobile TeleSystems Public Joint Stock Company (NYSE: MBT)

    Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) stock drop by -1.57% to $8.80. The most recent rating by Goldman, on March 20, 2020, is at a Buy. Mobile TeleSystems Public Joint Stock Company (MBT) share price went from a low point around $6.20 to briefly over $11.00 in the past 52 weeks, though shares have since pulled back to $8.80.  Mobile TeleSystems Public Joint Stock Company market cap has remained high, hitting $8.76 billion at the time of writing.

    Globalstar Inc. (AMEX: GSAT)

    Globalstar Inc. (AMEX: GSAT) Shares headed rising, higher as much as 1.65%. The most recent rating by Chardan Capital Markets, on August 09, 2018, is at a Neutral. Globalstar Inc. (GSAT) share price went from a low point around $0.23 to briefly over $0.60 in the past 52 weeks, though shares have since pulled back to $0.31.  Globalstar Inc.’s market capitalization has remained high, hitting $522.62 million at the time of writing.

    Telefonica S.A. (NYSE: TEF)

    Telefonica S.A. (NYSE: TEF) stock drop by -2.81% to $3.81. The most recent rating by Credit Suisse, on July 02, 2020, is at a Neutral. Telefonica S.A. (TEF) stock has fluctuated between the 52-weeks low of $3.60 and a high of $7.73. It has traded up 5.90% from its 52-weeks low and traded down -50.73% from its 52-weeks high. Its market capitalization is $20.42 billion at the time of writing.

  • Top Gainers Pre-Market as Big Tech Uplifts Markets

    Top Gainers Pre-Market as Big Tech Uplifts Markets

    It’s a good day for the markets today, with all the key indices in the green. This follows strong quarterly results by big tech companies. Facebook announced that revenues in the quarter grew by 11% an indication of the resilience of its business despite the COVID-19 pandemic.

    On its part, Alphabet beat analysts’ top and bottom-line estimates despite a drop in its ad revenues, when compared to a year ago. Apple reported that it had revenues of $59.7 billion in Q2, beating estimates by $7 billion. The biggest winner among the big tech stocks is Amazon. The company reported that it had doubled its income in Q2 when compared to a similar quarter in the last financial year. Amazon has benefited immensely from increased spending on its e-commerce platform during the pandemic. Besides big tech, there are a number of other companies that are doing well ahead of market opening.

    Pinterest Inc [NYSE:PINS]

    Pinterest Inc is one of the top gainers pre-market and is up by over 30%.  This comes after the company announced strong Q2 earnings that beat analyst expectations. The company reported that the number of users increased in Q2 by 39% to hit 416 million, against analyst expectations of 372.7 million. The company attributed the jump in user numbers to the stay-at-home orders that have forced people to spend more time on social media for family and business connections. In terms of revenues, the company reported that there was an increase of 4% to $272 million, while analysts were expecting revenues of $251.2 million.

    Under Armor Inc [NYSE:UA]

    Under Armor, Inc is one of the top gainers this morning and is up by over 10% pre-market. This comes after the company announced better than expected Q2 results. While the company reported a decline in revenues due to the COVID-19 pandemic, gross margins rose by 280 points to hit 49.3% when compared to a similar quarter last year. The company reported a 15% drop in administrative expenses. The company’s management stated the results were impressive when put in the context of the current pandemic.

    Altice USA Inc [NYSE:ATUS]

    Altice USA Inc is another top performer this morning and is up by over 5% after it reported strong Q2 results. The company reported that total revenues grew by 1% to hit $2. 47 billion. It also reported that net income attributable to shareholders increased to $111 million compared to a similar quarter in 2019.  The company further reported that free cash flows increased by 49.8% compared to a similar quarter in 2019.