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What's in Store for Crown Castle (CCI) This Earnings Season
Zacks Investment Research· 2024-04-16 18:21
Crown Castle Inc. (CCI) is scheduled to release first-quarter 2024 results on Apr 17, after the closing bell. In anticipation of the announcement, industry analysts and investors are eager to assess the company's performance and prospects in the current economic climate.In the last reported quarter, this Houston, TX-based real estate investment trust’s (REIT) adjusted funds from operations (FFO) per share outpaced the Zacks Consensus Estimate by 1.68%. Results reflected better-than-anticipated revenues aide ...
Delaware Court of Chancery Grants Expedition and Discovery in Hearing on Company's Last-Minute Expansion of Board
Prnewswire· 2024-04-16 13:29
This is the Second Time the Board's Actions Have Presented a "Colorable Claim" Under Delaware Law Crown Castle's Board of Directors Have ShownBlatant and Cynical Disregard for Shareholders and the Delaware Court Actions Highlight Years of Governance and Strategic Blunders That Have Cost Shareholders Tens of Billions of Dollars in Value Court of Chancery Grants Discovery to Boots Capital Management to Investigate Whether Crown Castle Had "Legitimate Corporate Purpose" to Expand Board from 12 to 13 Seats Co ...
Event-Driven Surge Misinterpreted As Secular Forms Opportunity At Crown Castle
Seeking Alpha· 2024-04-15 18:43
John Rensten/DigitalVision via Getty ImagesI posit that event-driven surges are frequently being mispriced as sustaining in nature. Identifying event-driven growth or event-driven headwinds that are being interpreted as secular presents substantial opportunity as prices correct. This idea will have 3 parts: The mechanics behind the opportunity Historical examples where mispricing of this nature clearly occurred Current opportunity in which Crown Castle (NYSE:CCI) is mispriced due to misinterpreted even ...
Crown Castle Q1 Earnings Preview: Patience Is The Key
Seeking Alpha· 2024-04-15 12:01
Imgorthand Investment thesis My previous bullish thesis about Crown Castle (NYSE:CCI) did not age well as the stock declined by around 10% since December 2023. The weak sentiment around the stock is due to the expected to deteriorate in Q1 and full fiscal 2024 financial performance. However, the major portion of the decline is expected by the last year's one-off favorable factors together with non-cash accounting entries of 2024. With the effect of these one-off events eliminated, CCI is expected to con ...
Ted B. Miller Statement on Crown Castle Appointment of Steven J. Moskowitz as President and Chief Executive Officer
Prnewswire· 2024-04-11 15:16
HOUSTON , April 11, 2024 /PRNewswire/ -- Ted B. Miller, co-founder and former Executive Chairman & Chief Executive Officer of Crown Castle Inc., (NYSE: CCI) ("Crown Castle" or the "Company") and his investment vehicle Boots Capital Management, LLC ("Boots Capital") today issued the following statement regarding Crown Castle's appointment of Steven J. Moskowitz as President and Chief Executive Officer. "Like all Crown Castle shareholders, we are just learning about Mr. Moskowitz's appointment and are reviewi ...
Crown Castle Highlights Actions Underway to Create Stronger and More Valuable Company
Newsfilter· 2024-04-11 11:23
Files Definitive Proxy Materials and Mails Letter to Shareholders Urges Shareholders to Vote "FOR" Only Crown Castle's 13 Qualified and Experienced Nominees on the WHITE Proxy Card Ted Miller is Seeking De Facto Control of the Company by Installing Himself as Executive Chair and Appointing His Family and Friends to the Board HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today announced that it has filed definitive proxy materials with the Securiti ...
Crown Castle Appoints Tower Industry Veteran Steven J. Moskowitz as President and Chief Executive Officer
Newsfilter· 2024-04-10 20:15
HOUSTON, April 10, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today announced that its Board of Directors has appointed Steven J. Moskowitz as President and Chief Executive Officer, effective April 11, 2024. Mr. Moskowitz will also join the Board on that date. "We are excited to welcome Steven as Crown Castle's next leader. His appointment marks the conclusion of a robust process during which the CEO Search Committee and the Board unanimously determined that Stev ...
Crown Castle Announces First Quarter 2024 Earnings Conference Call Details
Newsfilter· 2024-04-03 20:15
HOUSTON, April 03, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle") plans to release its first quarter 2024 results on Wednesday, April 17, 2024, after the market closes. In conjunction with the release, Crown Castle has scheduled a conference call for Wednesday, April 17, 2024, at 5:00 p.m. eastern time. A listen only live audio webcast of the conference call, along with any supplemental materials, can be accessed on the Crown Castle website at https://investor.crowncastle.com. Partic ...
Crown Castle (CCI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-04-02 23:21
The most recent trading session ended with Crown Castle (CCI) standing at $102.85, reflecting a -1.35% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.72%. On the other hand, the Dow registered a loss of 1%, and the technology-centric Nasdaq decreased by 0.95%.Shares of the operator of wireless communications towers have depreciated by 7.57% over the course of the past month, underperforming the Finance sector's gain of 3.08% and the S&P 500's gain of 2.16%.T ...
Crown Castle: Shares Should Comfortably Outperform Moving Forward
Seeking Alpha· 2024-03-22 20:18
morfous One of the companies that I have been the most bullish on over the past several months, but do not own shares of, is telecommunications firm Crown Castle (NYSE:CCI). For those not familiar with the company, it owns and operates telecommunications towers and other related assets such as fiber and small cell operations. Since I initially rated it a 'strong buy' back in October of last year, shares have seen an upside of 21.9% compared to the 17.3% rise seen by the S&P 500. But more recently, performan ...