SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By ÂBuilding Better Wireless, SBA generates revenue from two primary businesses  site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.
IPO Year: 1999
Exchange: NASDAQ
Website: sbasite.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2024 | $230.00 → $220.00 | Overweight → Equal Weight | Wells Fargo |
| 3/7/2024 | $260.00 | Neutral → Buy | BofA Securities |
| 12/15/2023 | $245.00 → $285.00 | Market Perform → Outperform | BMO Capital Markets |
| 8/10/2023 | $245.00 | Buy → Neutral | BofA Securities |
| 7/13/2023 | $260.00 | Market Perform | BMO Capital Markets |
| 3/30/2023 | $330.00 → $312.00 | Market Perform → Outperform | MoffettNathanson |
| 1/25/2023 | Underperform → Peer Perform | Wolfe Research | |
| 4/11/2022 | $393.00 → $380.00 | Buy → Neutral | MoffettNathanson |
| 3/7/2022 | $380.00 → $370.00 | Outperform | RBC Capital |
| 3/2/2022 | $370.00 → $365.00 | Buy | Deutsche Bank |
SBA Communications Corporation (NASDAQ:SBAC) ("SBA") announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the BofA Securities 2024 Leveraged Finance Conference, Tuesday, December 3, 2024 at 4:10 PM (ET). The conference will be at The Boca Raton in Boca Raton, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites in 15 markets throug
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024. Highlights of the third quarter include: Net income of $255.9 million or $2.40 per share Industry-leading AFFO per share of $3.32 Increased full year 2024 outlook across all key metrics Issued $2.07 billion of Tower Securities at a blended effective rate of 4.778%, more than 1% below the previously estimated rate Entered into an agreement to purchase over 7,000 sites in Central America from Millicom Subsequent to the third quarter of 2024, SBA entered into an agreement to purchase over 7,000 communication sites in Central America from Millicom I
Millicom (Tigo) and SBA Communications agree to long-term partnership in Central America Luxembourg, October 28, 2024 – Millicom International Cellular S.A. (NASDAQ:TIGO) announces today that it has entered into an agreement with SBA Communications Corporation (NASDAQ:SBAC) to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador and Nicaragua for a total consideration of approximately $975 million, plus an earn-out contingent on achieving certain financial performance metrics. In addition, the parties have agreed to enter into a build-to-suit agreement under which SBA Communications will build up to 2,500 addi
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" and "Company") announced it will release its third quarter results on Monday, October 28, 2024 after market close. SBA will host a conference call on Monday, October 28, 2024 to discuss these results. The call may be accessed as follows: When: Monday, October 28, 2024 at 5:00 PM (ET) Dial-in Number: 877-692-8955 Access Code: 3722027 Conference Name: SBA Third Quarter 2024 Results Replay Available: (866) 207-1041 – Access Code: 8723461 Scheduled to begin 10/28/2024 at 11:00 PM and end on 11/11/2024 at 12:00 AM (TZ: Eastern) Internet Access:
SBA Communications Corporation (NASDAQ:SBAC) ("SBA") announces that Brendan Cavanagh, President and Chief Executive Officer, is scheduled to speak at the Goldman Sachs 2024 Communacopia + Technology Conference on Tuesday, September 10, 2024 at 3:05pm (PT). The conference will be at the Palace Hotel in San Francisco, California. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communic
SBA Communications Corporation (NASDAQ:SBAC) ("SBA") announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the Citi 2024 Global TMT Conference, Thursday, September 5, 2024 at 2:10pm (ET). The conference will be at The Lotte New York Palace in New York. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites in 15 markets throughout the Americas
SBA Communications Corporation (NASDAQ:SBAC) ("SBA") announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the Bank of America 2024 Media, Communications and Entertainment Conference, Wednesday, September 4, 2024 at 10:30am (ET). The conference will be at The Bank of America Pavilion in New York. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communication
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2024. Highlights of the second quarter include: Net income of $159.5 million or $1.51 per share Industry-leading AFFO per share of $3.29 Industry-leading Tower Cash Flow and Adjusted EBITDA margins Quarter-ending Net Debt to Annualized Adjusted EBITDA leverage ratio of 6.4x In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.98 per share of the Company's Class A Common Stock. The distribution is payable September 18, 2024 to the shareholders of record at the close of business on August 22, 2
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" and "Company") announced it will release its second quarter results on Monday, July 29, 2024 after market close. SBA will host a conference call on Monday, July 29, 2024 to discuss these results. The call may be accessed as follows: When: Monday, July 29, 2024 at 5:00 PM (EDT) Dial-in Number: 877-692-8955 Access Code: 3722027 Conference Name: SBA Second Quarter 2024 Results Replay Available: (866) 207-1041 – Access Code: 4132299 Scheduled to begin 7/29/2024 at 11:00 PM and e
USA News Group News CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 16, 2024 /PRNewswire/ -- USA News Group News Commentary – Across the globe, the artificial intelligence (AI) data center revolution is already underway and rapidly gaining momentum. Responding to the AI industry's thirst for more data centers, private equity firms are rushing to build out the necessary infrastructure, but experts warn this thirst can't be satisfied. The rising data center demand also comes with heavier demand on electricity and mined metals such as copper. However, while new data centers are being built everywhere, several developers are improving things behind the scenes to make the
10-Q - SBA COMMUNICATIONS CORP (0001034054) (Filer)
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10-Q - SBA COMMUNICATIONS CORP (0001034054) (Filer)
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8-K - SBA COMMUNICATIONS CORP (0001034054) (Filer)
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SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024. Highlights of the third quarter include: Net income of $255.9 million or $2.40 per share Industry-leading AFFO per share of $3.32 Increased full year 2024 outlook across all key metrics Issued $2.07 billion of Tower Securities at a blended effective rate of 4.778%, more than 1% below the previously estimated rate Entered into an agreement to purchase over 7,000 sites in Central America from Millicom Subsequent to the third quarter of 2024, SBA entered into an agreement to purchase over 7,000 communication sites in Central America from Millicom I
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" and "Company") announced it will release its third quarter results on Monday, October 28, 2024 after market close. SBA will host a conference call on Monday, October 28, 2024 to discuss these results. The call may be accessed as follows: When: Monday, October 28, 2024 at 5:00 PM (ET) Dial-in Number: 877-692-8955 Access Code: 3722027 Conference Name: SBA Third Quarter 2024 Results Replay Available: (866) 207-1041 – Access Code: 8723461 Scheduled to begin 10/28/2024 at 11:00 PM and end on 11/11/2024 at 12:00 AM (TZ: Eastern) Internet Access:
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2024. Highlights of the second quarter include: Net income of $159.5 million or $1.51 per share Industry-leading AFFO per share of $3.29 Industry-leading Tower Cash Flow and Adjusted EBITDA margins Quarter-ending Net Debt to Annualized Adjusted EBITDA leverage ratio of 6.4x In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.98 per share of the Company's Class A Common Stock. The distribution is payable September 18, 2024 to the shareholders of record at the close of business on August 22, 2
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" and "Company") announced it will release its second quarter results on Monday, July 29, 2024 after market close. SBA will host a conference call on Monday, July 29, 2024 to discuss these results. The call may be accessed as follows: When: Monday, July 29, 2024 at 5:00 PM (EDT) Dial-in Number: 877-692-8955 Access Code: 3722027 Conference Name: SBA Second Quarter 2024 Results Replay Available: (866) 207-1041 – Access Code: 4132299 Scheduled to begin 7/29/2024 at 11:00 PM and e
USA News Group News CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 16, 2024 /PRNewswire/ -- USA News Group News Commentary – Across the globe, the artificial intelligence (AI) data center revolution is already underway and rapidly gaining momentum. Responding to the AI industry's thirst for more data centers, private equity firms are rushing to build out the necessary infrastructure, but experts warn this thirst can't be satisfied. The rising data center demand also comes with heavier demand on electricity and mined metals such as copper. However, while new data centers are being built everywhere, several developers are improving things behind the scenes to make the
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2024. Highlights of the first quarter include: Net income of $154.5 million or $1.42 per share AFFO per share of $3.29, representing a 5.1% growth over the prior year period Issued a new senior secured Term Loan B and increased and extended the maturity of the senior secured revolving credit facility Repurchased 0.9 million shares cumulatively in the first quarter and subsequent to quarter end In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.98 per share of the Company's Class A Common S
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" and "Company") announced it will release its first quarter results on Monday, April 29, 2024 after market close. SBA will host a conference call on Monday, April 29, 2024 to discuss these results. The call may be accessed as follows: When: Monday, April 29, 2024 at 5:00 PM (EDT) Dial-in Number: 877-692-8955 Access Code: 3308847 Conference Name: SBA First Quarter 2024 Results Replay Available: (866) 207-1041 – Access Code: 4541116 Scheduled to begin 4/29/2024 at 11:00 PM and end on 5/1
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today reported results for the quarter ended December 31, 2023. Highlights of the fourth quarter include: Net income of $109.5 million or $1.01 per share AFFO per share of $3.37, representing an 8.0% growth over the prior year period Issued a new senior secured Term Loan B and increased and extended the maturity of the senior secured revolving credit facility subsequent to quarter end In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.98 per share of the Company's Class A Common Stock, an increase of approximately 15% over the dividend paid in th
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" and "Company") announced it will release its fourth quarter results on Monday, February 26, 2024 after market close. SBA will host a conference call on Monday, February 26, 2024 to discuss these results. The call may be accessed as follows: When: Monday, February 26, 2024 at 5:00 PM (EST) Dial-in Number: 877-692-8955 Access Code: 1933372 Conference Name: SBA Fourth Quarter 2023 Results Replay Available: (866) 207-1041 – Access Code: 6159044 Scheduled to begin 2/26/2024 at 11:00 PM and end on 3/11/
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2023 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment. SBA Communications Corporation Common Stock CUSIP 78410G104 Ticker Symbol: SBAC Record Date Payment Date Cash Distribution (per share) Ordinary Taxable Dividends (per share) Section 199A Dividends (1) (per share) 3/10/2023 3/24/2023 $0.85 $0.85 $0.85 5/26/2023 6/21/2023 $0.85 $0.85 $0.85 8/24/2023 9/20/2023 $0.85 $0.85
Millicom (Tigo) and SBA Communications agree to long-term partnership in Central America Luxembourg, October 28, 2024 – Millicom International Cellular S.A. (NASDAQ:TIGO) announces today that it has entered into an agreement with SBA Communications Corporation (NASDAQ:SBAC) to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador and Nicaragua for a total consideration of approximately $975 million, plus an earn-out contingent on achieving certain financial performance metrics. In addition, the parties have agreed to enter into a build-to-suit agreement under which SBA Communications will build up to 2,500 addi
SBA Communications Corporation (NASDAQ:SBAC) ("SBA" or the "Company") today announced that Marc Montagner, a telecommunications and finance executive with over 30 years of experience, has been appointed as the next Executive Vice President & Chief Financial Officer of SBA, effective January 1, 2024. Mr. Montagner's appointment follows the Company's previously announced CEO succession plan, pursuant to which Brendan Cavanagh, currently the Company's Executive Vice President & Chief Financial Officer, will succeed Jeffrey Stoops as President and Chief Executive Officer, effective January 1, 2024. "We are excited to welcome Marc as the newest addition to our best-in-class leadership team,"
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Wells Fargo downgraded SBA Comm from Overweight to Equal Weight and set a new price target of $220.00 from $230.00 previously
BofA Securities upgraded SBA Comm from Neutral to Buy and set a new price target of $260.00
BMO Capital Markets upgraded SBA Comm from Market Perform to Outperform and set a new price target of $285.00 from $245.00 previously
BofA Securities downgraded SBA Comm from Buy to Neutral and set a new price target of $245.00
BMO Capital Markets initiated coverage of SBA Comm with a rating of Market Perform and set a new price target of $260.00
MoffettNathanson upgraded SBA Comm from Market Perform to Outperform and set a new price target of $312.00 from $330.00 previously
Wolfe Research upgraded SBA Comm from Underperform to Peer Perform
MoffettNathanson downgraded SBA Comm from Buy to Neutral and set a new price target of $380.00 from $393.00 previously
RBC Capital reiterated coverage of SBA Communications with a rating of Outperform and set a new price target of $370.00 from $380.00 previously
Deutsche Bank reiterated coverage of SBA Communications with a rating of Buy and set a new price target of $365.00 from $370.00 previously
Wells Fargo analyst Eric Luebchow downgrades SBA Comms (NASDAQ:SBAC) from Overweight to Equal-Weight and lowers the price target from $230 to $220.
SBA Comms's (NYSE:SBAC) short percent of float has risen 12.55% since its last report. The company recently reported that it has 2.32 million shares sold short, which is 2.6% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.02 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
Goldman Sachs analyst Brett Feldman initiates coverage on SBA Comms (NASDAQ:SBAC) with a Neutral rating and announces Price Target of $212.
Barclays analyst Tim Long maintains SBA Comms (NASDAQ:SBAC) with a Overweight and lowers the price target from $241 to $240.
SBA Comms's (NYSE:SBAC) short percent of float has fallen 10.5% since its last report. The company recently reported that it has 1.90 million shares sold short, which is 2.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.94 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
RBC Capital analyst Jonathan Atkin maintains SBA Comms (NASDAQ:SBAC) with a Outperform and lowers the price target from $250 to $235.
SBA Comms's (NYSE:SBAC) short percent of float has fallen 6.6% since its last report. The company recently reported that it has 2.54 million shares sold short, which is 2.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.78 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
U.S. residential home prices accelerated in February. Prices defied the gravitational pull of high mortgage costs and surpassed analysts’ expectations as reduced supply and robust economic momentum continued to drive up property valuations. U.S. house prices saw a 1.2% month-over-month growth in February 2024, the largest increase in a single month since April 2022, significantly outpacing expectations of a 0.1% growth, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). Home Prices ‘Rebounded’ Across the nine census divisions, the seasonally adjusted monthly price changes from January 2024 to February 2024 ranged from