Altice USA
ATUS

$1.77

12.74%

Market Cap: 814M

About: Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 4 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions now operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York and i24News, a news operation focused on the Middle East.

Employees: 10,600

Communication Services Cable & Other Pay Television Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 10 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

505% more call options, than puts

Call options by funds: $9.9M | Put options by funds: $1.64M

50% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 6 (+2) [Q1 2024]

2.22% more ownership

Funds ownership: 87.5% [Q4 2023] → 89.72% (+2.22%) [Q1 2024]

9% less funds holding

Funds holding: 176 [Q4 2023] → 161 (-15) [Q1 2024]

17% less capital invested

Capital invested by funds: $769M [Q4 2023] → $635M (-$134M) [Q1 2024]

36% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 64

47% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 32

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$1

44%

downside

Avg. target

$2.50

41%

upside

High target

$5

182%

upside

10 analyst ratings

2 positive

20%

5 neutral

50%

3 negative

30%

Evercore ISI Group James Ratcliffe	13%upside $2	In-Line Maintained	2 Jul 2024
Goldman Sachs James Schneider	13%upside $2	Sell Initiated	1 Jul 2024
Loop Capital Alan Gould	13%upside $2	Hold Maintained	23 Apr 2024
Exane BNP Paribas Kohulan Paramaguru	44%downside $1	Underperform Downgraded	9 Apr 2024
Wells Fargo Steven Cahall	44%downside $1	Underweight Downgraded	5 Apr 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Earnings Preview: Altice USA, Inc. (ATUS) Q2 Earnings Expected to Decline

Altice USA (ATUS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Altice USA, Inc. (ATUS) Q2 Earnings Expected to Decline

Zacks Investment Research

New Strong Sell Stocks for July 3rd

ARLP, BGS and ATUS have been added to the Zacks Rank #5 (Strong Sell) List on July 3, 2024.

New Strong Sell Stocks for July 3rd

Altice USA to Hold Conference Call to Discuss Q2 2024 Results

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) will host a conference call on Thursday, August 1, 2024 at 8:30 a.m. ET to discuss financial and operating results for the second quarter ended June 30, 2024. A press release reporting the results will be issued at 7:00 a.m. ET. The call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Dial-in Access Telephone Numbers: Participant Dial-In: 877-404-9653 / +1 201-689-8856 A live webcast of the presentation will be available o.

Altice USA to Hold Conference Call to Discuss Q2 2024 Results

MiCTA Selects Lightpath as an Approved Vendor for Connectivity Services

NEW YORK , June 26, 2024 /PRNewswire/ -- MiCTA, a national, non-profit group purchasing organization located in Saginaw, MI, has named Lightpath as an approved vendor for its Internet, Ethernet, Wavelengths, Dark Fiber, Private Networks, Voice, and all of the company's managed service offerings. The Master Service Agreement will enable MiCTA members to purchase Lightpath's services at a discount.

MiCTA Selects Lightpath as an Approved Vendor for Connectivity Services

Zacks Investment Research

Altice's (ATUS) Lightpath to Boost Connectivity With Buyout

Altice's (ATUS) connectivity solutions are likely to witness robust enhancement through Lightpath's acquisition of United Fiber and Data assets.

Altice's (ATUS) Lightpath to Boost Connectivity With Buyout

Lightpath to Acquire United Fiber & Data Assets

Lightpath Will Add Geographically Diverse, High-Fiber Count Network Between New York City and Ashburn, VA, and Increase Serviceable Market in Manhattan by over 20% NEW YORK , June 10, 2024 /PRNewswire/ -- Lightpath , an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the company has signed a definitive agreement to acquire substantially all of the assets of United Fiber and Data . The transaction is subject to regulatory approvals and is expected to close in the third quarter of 2024.

Lightpath to Acquire United Fiber & Data Assets

Introducing Optimum Media

LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Effective today, a4 Media, the advanced advertising and data business owned by Altice USA, will rebrand to Optimum Media to further unify with the company's Optimum connectivity brand while continuing to drive excellence and growth for existing and prospective advertising clients looking to effectively reach their customers. “Optimum Media is excited to align our advertising business with the Optimum connectivity brand, which we believe will help elevate.

Introducing Optimum Media

Zacks Investment Research

Altice's (ATUS) Lightpath Boosts Cybersecurity With Tie-Up

By bolstering Lightpath's cybersecurity offerings, Altice (ATUS) expects to attract and retain customers who prioritize secure and dependable connectivity solutions.

Altice's (ATUS) Lightpath Boosts Cybersecurity With Tie-Up

Altice Dominicana and iBASIS Renew International Voice Services Outsourcing Deal

LEXINGTON, Mass.--(BUSINESS WIRE)-- #InternetofThings--iBASIS and Altice Dominicana announce that they have renewed their successful outsourcing agreement for voice services for four years.

Altice Dominicana and iBASIS Renew International Voice Services Outsourcing Deal

Zacks Investment Research

Altice (ATUS) Incurs Q1 Loss on Lower Revenues, Higher Costs

Top-line contraction and higher operating expenses force Altice (ATUS) to record loss in first-quarter 2024.

Altice (ATUS) Incurs Q1 Loss on Lower Revenues, Higher Costs

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