Streetbeat News

CCI

Crown Castle Inc.

https://www.crowncastle.com

Industry

REIT - Specialty

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.

Open

100.42

Mkt cap

45B

Volume

8.7M

High

103.67

P/E Ratio

-11.49

52-wk high

120.92

Low

99.29

Div yield

0.06

52-wk low

84.20

Earnings reports for April 17, 2024, include a wide range of companies across various sectors, with projections covering earnings per share and revenue. Notable companies reporting include ASML Holding, VinFast Auto, Prologis, Abbott Laboratories, and U.S. Bancorp before the bell, and Exela Technologies, Las Vegas Sands, Equifax, Alcoa, and CSX after the bell.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:15 am

Crown Castle has issued a call to its shareholders, urging them to vote in favor of its slate of 13 nominees for the company's board. This move underscores the company's efforts to ensure that its strategic direction and governance are aligned with shareholder interests.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:30 am

Constellation Brands, Costco, Carmax, Crown Castle, and Fastenal are stocks to watch, with earnings reports and corporate announcements influencing their potential market movements. Constellation Brands is expected to report earnings of $2.09 per share on $2.10 billion revenue. Costco reported a 9.4% increase in net sales for March and raised its quarterly dividend. Carmax is anticipated to post earnings of 49 cents per share on $5.80 billion revenue. Crown Castle named Steven Moskowitz as President and CEO, and Fastenal is expected to report earnings of 53 cents per share on $1.91 billion revenue.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 10:09 am

Crown Castle has announced the appointment of Steven Moskowitz as its new President and CEO, marking a significant leadership change for the company.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:16 pm

REIT shares are trading lower due to rising Treasury yields, triggered by March inflation data exceeding expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:57 pm

Over the past 20 years, Crown Castle (NYSE:CCI) has produced an average annual return of 10.52%, outperforming the market by 2.64% on an annualized basis. A $1000 investment in CCI 20 years ago would be worth $7,539.86 today. Crown Castle currently has a market capitalization of $45.92 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 5:30 pm

Ted B. Miller, co-founder of Crown Castle Inc. (CCI), and his investment vehicle, Boots Capital Management, LLC, have filed preliminary proxy materials with the SEC for Crown Castle's 2024 Annual Meeting. Miller criticizes the current leadership for destroying shareholder value and proposes a new slate of directors to restore the company's performance. Crown Castle's stock recently hit a six-year low, underperforming peers for over a decade. Miller's plan aims to refocus on the core tower business and reverse the company's fortunes.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:54 pm

Jim Cramer expressed skepticism towards Archer Aviation (ACHR) due to its lack of earnings power, following its worse-than-expected Q4 financial results. He also commented on Robinhood Markets (HOOD), advising caution after its recent price doubling and unveiling of the Robinhood Gold Card. Cramer recommended holding Cummins Inc. (CMI) after JPMorgan's price target increase and showed renewed interest in Crown Castle (CCI) due to its attractive yield and recent positive earnings report.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:39 pm

Crown Castle's (NYSE:CCI) short interest has decreased by 10.53% since the last report, with 3.82 million shares sold short, representing 1.02% of its float. The current short interest suggests a bullish sentiment compared to its peer group average of 3.90% short interest as a percentage of float. This change in short interest could influence Crown Castle's stock performance in the short term.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:30 pm

Shares of Real Estate Investment Trusts (REITs) are trading lower due to an increase in Treasury yields, which followed the release of Producer Price Index (PPI) data.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:09 pm

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