CCI Stock Recent News

Crown Castle (CCI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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Crown Castle Inc. is restructuring, cutting 7,000 greenfield small cell nodes to save $800 million, and is focusing on less risky colocation projects for growth. Crown Castle will likely experience a contraction in Q4 '24 with a modest turnaround for growth come eFY25. The rate environment may support a more appealing refinancing environment in 2026. Management needs to communicate their intentions for the fiber business with a more solidified plan.

Crown Castle is poised for double-digit growth with a 40,000 small cell node backlog, benefiting from rising mobile data demand. Despite recent underperformance, CCI's strong balance sheet and cost-saving measures position it well for future growth and operational efficiency. The 5.4% dividend yield offers income, but potential fiber business sales could risk a dividend cut.

CCI's Q3 AFFO outshines estimates due to a year-over-year rise in site rental revenues. However, lower services and other revenues hurt the results.

CCI's Q3 AFFO tops estimates. Results reflect higher contributions from site rental revenues and lower operating expenses.

Crown Castle reported solid operating results, yet faced restructuring hurdles in its fiber segment.