Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately 5 million residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications. It also provides VoIP telephone services; and mobile services, such as data, talk, and text. In addition, the company offers Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony services, managed Wi-Fi, managed desktop and server backup, and managed collaboration services comprising audio and web conferencing; fiber-to-the-tower services to wireless carriers; data services, consisting of wide area networking and dedicated data access, as well as wireless mesh networks; and enterprise class telephone services that include traditional multi-line phone service. Further, it provides business e-mail, hosted private branch exchange, Web space storage, and network security monitoring; and international calling and toll free numbers. Additionally, the company offers audience-based and IP-authenticated cross-screen advertising solutions; and television and digital advertising services, as well as operates news channels under the News 12 Networks, Cheddar, and i24NEWS names. It also provides network construction and maintenance services and commercial and residential installations, disconnections, and maintenance services. The company provides communications and video services under Optimum and Suddenlink brand names. The company was incorporated in 2015 and is headquartered in Long Island City, New York. Altice USA, Inc. is a subsidiary of Next Alt. S.a.r.l.
IPO Year: 2017
Exchange: NYSE
Website: alticeusa.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $4.00 → $2.00 | Buy → Neutral | UBS |
| 7/1/2024 | $2.00 | Sell | Goldman |
| 4/24/2024 | $1.50 | Underperform | BofA Securities |
| 4/11/2024 | Neutral → Underweight | JP Morgan | |
| 4/9/2024 | $1.00 | Neutral → Underperform | Exane BNP Paribas |
| 4/5/2024 | $2.00 → $1.00 | Equal Weight → Underweight | Wells Fargo |
| 2/27/2024 | Underperform → Neutral | Exane BNP Paribas | |
| 11/16/2023 | Buy → Reduce | HSBC Securities | |
| 1/23/2023 | $6.00 | Buy → Hold | TD Securities |
| 1/10/2023 | $7.00 → $5.00 | Buy → Neutral | Goldman |
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Lightpath Continues to Lead its Peer Group in the Americas NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, received a 5-Star Rating and a score of 97 on the 2024 GRESB Infrastructure Asset Benchmark Report. The score placed Lightpath first among all participating private data transmission companies in the fiber networks sector in the Americas. Lightpath received a 5-Star Rating and a score of 97 on the 2024 GRESB Infrastructure Asset Benc
Strong Fiber Growth; Increased Fiber Migrations and Fiber Penetration Best Mobile Performance in Four Years Continued Progress in Enhancing and Expanding Our Networks Unveiled Transformation Plan to Unlock Key Free Cash Flow Opportunities Altice USA (NYSE:ATUS) today reports results for the third quarter ended September 30, 2024. Dennis Mathew, Altice USA Chairman and Chief Executive Officer, said: "Over the last two years, we've made significant progress in strengthening our networks, stabilizing our operations, and setting a strong foundation for long-term growth. These efforts have resulted in positive momentum across our fiber and mobile product lines in the third quarter. Our focus r
Extra TV Features 125+ Channels Offered at $85/Month; Everything TV Features 200+ Channels Offered at $140/Month Optimum is ushering in a new era for Optimum TV with the announcement of Extra TV and Everything TV, two new video packages that provide customers with more choice, flexibility and value when choosing their desired TV content. Launching on November 4, these packages come on the heels of the company's introduction of Entertainment TV, a low-cost, high-quality internet streaming TV package, earlier this year. Together, Entertainment TV, Extra TV, and Everything TV make up Optimum's modern video model, bringing to life the new vision of Optimum TV, which helps break conventional a
Adding Eight On-Net Data Centers, RapidPath Quick Dark Fiber Deployment Between Data Centers in Five Days, and 15-Miles of Fiber Network Expansion NEW YORK and MIAMI, Oct. 29, 2024 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, announced it is continuing its aggressive expansion in the Greater Miami region by adding connectivity to eight new data centers, adding 15-miles of new fiber network, and introducing a new RapidPath dark fiber service to area data centers.
Altice USA (NYSE:ATUS) will host a conference call on Monday, November 4, 2024, at 4:30 p.m. ET to discuss financial and operating results for the third quarter ended September 30, 2024. The conference call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Presentation materials, including Altice USA's earnings release, earnings results presentation and trended schedule, will be available at 4:05 p.m. ET, prior to the conference call, on the Altice USA Investor Relations website. Participant Dial-In Telephone Numbers: 877-404-9653 / +1 201-689-8856 A live webcast will be available online on the Altice USA Investor Relations website or by following this link. About Alt
Raises ceiling for high-availability network services while using 80% less power NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, and Ciena (NYSE:CIEN), a global leader in networking systems, services, and software, recently deployed the industry's first known 400 Gb/s protected optical circuit utilizing power-efficient and high-performance pluggable technologies. The achievement increases the maximum bandwidth levels that customers can utilize to deploy persistent, mission-critical services while utilizing 80% less electricity.
NEW YORK, Sept. 18, 2024 /PRNewswire/ -- Rachel Stack, newly named CFO of Lightpath, will join an esteemed panel of industry leaders at the TMT M&A Forum USA 2024, organized by TMT Finance, which focuses on digital infrastructure investment and M&A strategies. Stack comes to Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, with 25 years of expertise in the digital infrastructure sector. Her extensive background includes serving as Chief Financial Officer at Cologix, and prior to that, as Senior Vice President of Corporate Strategy and Development at Zayo Group Holdings. Before joining Zayo, sh
Altice USA (NYSE:ATUS) today announces that Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO, will present at the 2024 Bank of America Securities Media, Communications and Entertainment Conference in New York on Wednesday, September 4, 2024, at 1:10 p.m. Eastern Time. A live webcast will be available online on the Altice USA investor relations website or by following this link. Date: Wednesday, September 4, 2024 Time: 1:10 p.m. Eastern Time Presenters: Dennis Mathew, Chairman & CEO and Marc Sirota, CFO About Altice USA Altice USA (NYSE:ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, propr
Altice USA (NYSE:ATUS) today announces that Dennis Mathew, Chairman and CEO, will participate in a fireside chat at the 2024 Goldman Sachs Communacopia + Technology Conference in San Francisco on Tuesday, September 10, 2024, at 10:50 a.m. Pacific Time (1:50 p.m. Eastern Time). A live webcast will be available online on the Altice USA investor relations website or by following this link. Date: Tuesday, September 10, 2024 Time: 10:50 a.m. Pacific Time (1:50 p.m. Eastern Time) Presenter: Dennis Mathew, Chairman & CEO About Altice USA Altice USA (NYSE:ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile
NEW YORK, Aug. 12, 2024 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the appointment of Rachel Stack as Chief Financial Officer. Stack joins the executive team with a wealth of financial expertise and industry knowledge to support Lightpath's strategic growth plans. As CFO, Stack will oversee all corporate finance, including accounting, financial planning and budgeting, treasury, tax, and internal audit. Additionally, she will be responsible for corporate d
UBS downgraded Altice USA from Buy to Neutral and set a new price target of $2.00 from $4.00 previously
Goldman initiated coverage of Altice USA with a rating of Sell and set a new price target of $2.00
BofA Securities resumed coverage of Altice USA with a rating of Underperform and set a new price target of $1.50
JP Morgan downgraded Altice USA from Neutral to Underweight
Exane BNP Paribas downgraded Altice USA from Neutral to Underperform and set a new price target of $1.00
Wells Fargo downgraded Altice USA from Equal Weight to Underweight and set a new price target of $1.00 from $2.00 previously
Exane BNP Paribas upgraded Altice USA from Underperform to Neutral
HSBC Securities downgraded Altice USA from Buy to Reduce
TD Securities downgraded Altice USA from Buy to Hold and set a new price target of $6.00
Goldman downgraded Altice USA from Buy to Neutral and set a new price target of $5.00 from $7.00 previously
Evercore ISI Group analyst James Ratcliffe maintains Altice USA (NYSE:ATUS) with a In-Line and lowers the price target from $3 to $2.
Goldman Sachs analyst James Schneider, Ph. D., initiated coverage on the U.S. Telecom Services and infrastructure sector (14 companies) and is most constructive on wireless carriers and data centers. Schneider noted that the U.S. telecom industry is in a state of transformation. The U.S. telecom operators have refocused on their core business after emerging from a period as conglomerates marked by shareholder capital destruction. For the first time in a decade, the U.S. wireless operators are entering a period where both competitive and capital intensity are moderating simultaneously. He said this backdrop drove healthier growth and margin dynamics, with the potential for significan
Goldman Sachs analyst James Schneider initiates coverage on Altice USA (NYSE:ATUS) with a Sell rating and announces Price Target of $2.
- Reuters
Gainers AMC Enter Hldgs (NYSE:AMC) shares moved upwards by 10.5% to $5.74 during Monday's after-market session. The company's market cap stands at $1.6 billion. As per the news, the Q1 earnings report came out 3 days ago. Surgepays (NASDAQ:SURG) shares moved upwards by 7.95% to $4.07. The company's market cap stands at $78.4 million. As per the news, the Q1 earnings report came out today. BuzzFeed (NASDAQ:BZFD) shares moved upwards by 6.12% to $2.25. The market value of their outstanding shares is at $82.3 million. As per the news, the Q1 earnings report came out today. Eventbrite (NYSE:EB) stock moved upwards by 4.59% to $5.69. The market value of their outstanding shares is at $552.5 m
- Bloomberg
Altice USA (NYSE:ATUS) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $0.01 by 600 percent. The company reported quarterly sales of $2.251 billion which beat the analyst consensus estimate of $2.239 billion by 0.55 percent. This is a 1.87 percent decrease over sales of $2.294 billion the same period last year.
Loop Capital analyst Alan Gould maintains Altice USA (NYSE:ATUS) with a Hold and lowers the price target from $3 to $2.
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Altice USA (NYSE:ATUS) will host a conference call on Monday, November 4, 2024, at 4:30 p.m. ET to discuss financial and operating results for the third quarter ended September 30, 2024. The conference call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO. Presentation materials, including Altice USA's earnings release, earnings results presentation and trended schedule, will be available at 4:05 p.m. ET, prior to the conference call, on the Altice USA Investor Relations website. Participant Dial-In Telephone Numbers: 877-404-9653 / +1 201-689-8856 A live webcast will be available online on the Altice USA Investor Relations website or by following this link. About Alt
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 on the following website: here. The presentation for the conference call will be made available prior to the call on the company's investor relations website: https://investors.alticeusa.com. About Altice USA Altice U
Altice USA (NYSE:ATUS) will host a conference call on Thursday, May 2, 2024 at 8:30 a.m. ET to discuss financial and operating results for the first quarter ended March 31, 2024. A press release reporting the results will be issued at 8:05 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 on the following website: here. The presentation for the conference call will be made available prior to the call on the company's investor relations website: https://investors.alticeusa.com. About Altice USA Altice USA
Altice USA (NYSE:ATUS) will host a conference call on Wednesday, February 14, 2024 at 4:30 p.m. ET to discuss financial and operating results for the fourth quarter and full year ended December 31, 2023. A press release reporting the results will be issued at 4:05 p.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 on the following website: here. Click here for a company-compiled summary of the consensus estimates for Altice USA results. The presentation for the conference call will be made available prior
Altice USA (NYSE:ATUS) will host a conference call on Wednesday, November 1, 2023 at 4:30 p.m. ET to discuss financial and operating results for the third quarter ended September 30, 2023. A press release reporting the results will be issued at 4:05 p.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 on the following website: here. Click here for a company-compiled summary of the consensus estimates for Altice USA results. The presentation for the conference call will be made available prior to the call on
Altice USA (NYSE:ATUS) will host a conference call on Wednesday, August 2, 2023 at 4:30 p.m. ET to discuss financial and operating results for the second quarter ended June 30, 2023. A press release reporting the results will be issued at 4:05 p.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 on the following website: here. Click here for a company-compiled summary of the consensus estimates for Altice USA results. The presentation for the conference call will be made available prior to the call on the co
Altice USA (NYSE:ATUS) will host a conference call on Wednesday, May 3, 2023 at 4:30 p.m. ET to discuss financial and operating results for the first quarter ended March 31, 2023. A press release reporting the results will be issued at 4:05 p.m. ET. The call will be led by Dennis Mathew, 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 on the following website: here. Click here for a company-compiled summary of the consensus estimates for Altice USA results. The presentation for the conference call will be made available prior to the call on the company's investor
Altice USA (NYSE:ATUS) will host a conference call on Wednesday, February 22, 2023 at 4:30 p.m. ET to discuss financial and operating results for the fourth quarter and full year ended December 31, 2022. A press release reporting the results will be issued at 4:05 p.m. ET. The call will be led by Dennis Mathew, CEO, and Michael Grau, 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 on the following website: here. Click here for a company-compiled summary of the consensus estimates for Altice USA results. The presentation for the conference call will be made available prior to the call on the
Altice USA (NYSE:ATUS) will host a conference call on Wednesday, November 2, 2022 at 4:30 p.m. EDT to discuss financial and operating results for the third quarter ended September 30, 2022. A press release reporting the results will be issued at 4:05 p.m. EDT. The call will be led by Dexter Goei, Executive Chairman, Dennis Mathew, CEO, and Michael Grau, 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 on the following website: here. Click here for a company-compiled summary of the consensus estimates for Altice USA results. The presentation for the conference call will be made available prio
Altice USA (NYSE:ATUS) will host a conference call on Wednesday, August 3, 2022 at 4:30 p.m. EDT to discuss financial and operating results for the first quarter ended June 30, 2022. A press release reporting the results will be issued at 4:05 p.m. EDT. The call will be led by Dexter Goei, CEO, and Michael Grau, 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 on the following website: here. Click here for a company-compiled summary of the consensus estimates for Altice USA results. The presentation for the conference call will be made available prior to the call on the company's investor re
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NEW YORK, Aug. 12, 2024 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the appointment of Rachel Stack as Chief Financial Officer. Stack joins the executive team with a wealth of financial expertise and industry knowledge to support Lightpath's strategic growth plans. As CFO, Stack will oversee all corporate finance, including accounting, financial planning and budgeting, treasury, tax, and internal audit. Additionally, she will be responsible for corporate d
MAHWAH, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, today announced it signed a managed security service provider (MSSP) agreement with Lightpath, an all-fiber, infrastructure-based connectivity provider. Based on the agreement, Lightpath is leveraging Radware's AI-powered DefensePro® DDoS Protection to offer customers a DDoS scrubbing service designed to combat today's increasingly complex threats. "Radware takes a proactive approach to security. This applies not only to the patented algorithms they use to automatically detect and mitigate threats, but also to the way they've partnered with us i
Altice USA (NYSE:ATUS) today announces the appointments of John Hsu, SVP, Corporate Finance and John Lombana, SVP, Corporate Controller, both reporting to Chief Financial Officer Marc Sirota. John Hsu will oversee investor relations, treasury, and risk management functions. John Lombana will be responsible for the company's financial reporting, accounting, internal controls, tax, revenue assurance, and financial system administration functions. "As Altice USA and Optimum continue on our path to become the connectivity provider of choice in every community we serve, we are pleased to expand our finance leadership team with the appointments of John Hsu, SVP, Corporate Finance and John Lom
MONTREAL, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. ((NYSE, TSX:LSPD) is pleased to announce that Manon Brouillette has been re-appointed to its Board of Directors (the "Board"), effective October 1, 2023. Powering the world's best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space. This is Manon Brouillette's second term as one of Lightspeed's Board members. With over 20 years of experience as the head of global technology, media and telecommunications companies, she brings tremendous insight and business acumen to
Hart now leads local sales, operations, and engagement efforts across Optimum's West Virginia, Ohio, Kentucky, and North Carolina footprint Optimum, the local provider of internet, mobile, TV, and phone services, today announces the appointment of Elton Hart as Vice President, General Manager of the company's Mid Atlantic Area serving West Virginia, Ohio, Kentucky, and North Carolina. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906483249/en/(Photo: Optimum) As Vice President, General Manager, Hart is responsible for overseeing local sales, operations, and engagement efforts across the area, ensuring best-in-class service
Altice USA (NYSE:ATUS) announces today that its Board of Directors has named a new member, Alexandre Fonseca, who will serve as Chairman of the Board. Mr. Fonseca currently serves as Co-Chief Executive Officer of Altice Group in Europe. He succeeds Dexter Goei who steps down as Executive Chairman. Mr. Goei remains a director of the board. "I'm honored to take on this role at such an important time at Altice USA," said Mr. Fonseca. "The company today finds itself in a position of strength thanks to the stewardship of CEO Dennis Mathew and his leadership team, and I look forward to working with him and my fellow directors to capitalize on this momentum and further accelerate the value we pro
Reaches 1.9 Million Fiber Passings and More Than 135K Fiber Customers Altice USA (NYSE:ATUS) today reports results for the third quarter ended September 30, 2022. Dexter Goei, Altice USA Executive Chairman, said: "In the third quarter, we made significant progress in delivering against our Optimum Fiber broadband strategy. We saw a further acceleration in our fiber network deployment, achieving our highest ever level of incremental fiber passings and now reaching 1.9 million total fiber passings. With fiber broadband net additions of 31k, we reached 135k fiber customers at the end of the quarter. Our multi-gig speed tiers continued to roll out across our Optimum Fiber footprint, offering
Leadership transition effective October 3, 2022 Altice USA (NYSE:ATUS) today announces that its Board of Directors has appointed Dennis Mathew to the position of Chief Executive Officer, effective October 3, 2022. Mr. Mathew assumes the CEO role from Dexter Goei who has been named Executive Chairman of the Board of Directors, also effective October 3, 2022. All of Mr. Goei's direct reports will report to Mr. Mathew on the effective date. Founder and current Chairman of the Board, Patrick Drahi, will remain a Director of the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220907006161/en/Dennis Mathew (Photo: Altice USA) Gi
Company announces multi-year fiber deployment acceleration plan across Optimum and Suddenlink Altice USA (NYSE:ATUS) today reports results for the fourth quarter and full year ended December 31, 2021. Dexter Goei, Altice USA Chief Executive Officer, said: "We are pleased to conclude 2021 having made progress on our growth strategies by accelerating the enhancements of our network, product and customer experience. We see customer trends improving as we continue the expansion of our sales distribution channels and recently launched our planned competitive converged internet and mobile offerings. Today we also announce a new plan to bring 100% fiber broadband, delivering multi-gig speeds, to
EDGEWOOD, N.Y., Oct. 25, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero®") (the "Company") (NYSE:CVU) today announced the appointment of Andrew ("Andy") L. Davis, a financial executive with more than 30 years of experience in finance and accounting, as chief financial officer effective immediately. Mr. Davis replaces Thomas Powers who has been serving as acting chief financial officer since February 2020. Mr. Powers will remain with the Company in his prior role as director of FP&A until his planned retirement at the end of this year. Mr. Davis brings extensive controllership, financial reporting, and analysis, corporate governance, change management and investor relations