Altice Usa Stock Price, News & Analysis

Lightpath expands into the Boston fiber connectivity market through three strategic acquisitions: Cambridge Network Solutions, Point 5 Network Solutions, and Hub Fiber. This marks Lightpath as the first all-fiber, enterprise-grade provider in Boston since market consolidation began. The acquisitions add over 80 route miles of high-capacity fiber and connect 100 locations, including 12 data centers. Funded by existing cash reserves, these moves aim to bolster Lightpath's service offerings and customer base. CEO Chris Morley emphasizes the growth potential in Boston's tech and biotech sectors.

Altice USA (NYSE: ATUS) announces that CFO Michael Grau will participate in the virtual Credit Suisse 23rd Annual Communications Conference on June 15, 2021, starting at 11:55 am EDT. Interested investors can listen to the live webcast via a provided link. Altice USA is a major broadband and video services provider in the U.S., servicing over 5 million customers in 21 states through its Optimum and Suddenlink brands, alongside its advanced advertising business, a4, which offers targeted advertising solutions.

Altice USA (NYSE: ATUS) has launched the FCC’s Emergency Broadband Benefit Program, providing eligible Optimum and Suddenlink residential customers with monthly credits of up to $50 for internet service. This initiative aims to enhance broadband accessibility following COVID-19. The program continues until six months after the end of the federal health emergency or until funds are exhausted. The company is also promoting its Altice Advantage Internet product, offering affordable broadband solutions to support families and communities lacking internet access during the pandemic.

Altice USA (NYSE: ATUS) announces CEO Dexter Goei's participation in two upcoming virtual conferences: the MoffettNathanson Media and Communications Summit on May 12, 2021, at 1:00 PM EDT, and the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 9:30 AM EDT. Investors can access live webcasts of both events through the provided links. Altice USA is a leading broadband and video services provider, serving over 5 million customers in 21 states with brands like Optimum and Suddenlink.

Altice USA (NYSE: ATUS) reported Q1 2021 results with a total revenue increase of 1.2% YoY to $2.48 billion, primarily driven by a 9.6% rise in broadband revenue.

Net income surged to $274.1 million or $0.58/share, reversing a loss from Q1 2020. Adjusted EBITDA grew by 4.2% to $1.07 billion, reflecting a margin of 43.4%.

Free cash flow rose 82.3% YoY to $536.8 million, supporting $523 million in share repurchases.

Altice USA (NYSE: ATUS) has launched Smart WiFi 6, enhancing its connectivity services for Optimum and Suddenlink customers. This new technology offers up to 3x faster speeds, better performance, expanded range, and longer battery life. It supports multiple devices, catering to the increasing demand for reliable internet in today’s households. Currently available to new 1 Gig broadband customers, Smart WiFi 6 is part of Altice USA's ongoing investment in network upgrades, with 92% of homes now able to access 1 Gig broadband service.

Altice USA (NYSE: ATUS) will conduct a conference call on April 28, 2021, at 4:30 p.m. EDT to discuss its Q1 2021 financial results. A press release detailing these results will be released at 4:05 p.m. EDT. The call will feature CEO Dexter Goei and CFO Michael Grau. Participants can join via the toll-free number +1 (833) 968-2322 or toll number +1 (778) 560-2842 with Conference ID 7564717. A live webcast and presentation will be accessible through the company’s investor relations website.

Altice USA is a leading broadband and video services provider, serving over 5 million customers across 21 states.

Altice USA (NYSE: ATUS) has successfully completed the acquisition of Morris Broadband, LLC, enhancing its presence in North Carolina, where it now serves approximately 36,500 additional customers. This acquisition positions Altice as the sixth largest provider in the state. CEO Dexter Goei expressed enthusiasm for integrating Morris Broadband’s operations and expanding their Optimum-branded services. The company plans to invest in technology and infrastructure to improve connectivity for its customers, aiming for increased scale and operational efficiencies.

Altice USA (ATUS) announced a definitive agreement to acquire Morris Broadband for $310 million, expanding its presence in North Carolina. The acquisition will enhance Altice's footprint, making North Carolina the sixth-largest state for the company based on residential customers. Morris Broadband, serving approximately 36,500 customers, generated around $13 million in Adjusted EBITDA for Q4 2020. The purchase price represents a multiple of 24.1x Q4 LQA Adjusted EBITDA, which could adjust to 7.4x when factoring in expected synergies. Completion is anticipated in Q2 2021.