CCI Stock Recent News

US equity markets remained under pressure this week as encouraging inflation data and a deal to avoid a government shutdown were offset by further tariff escalations and weak sentiment data. Markets struggled to agree on how the FOMC will interpret the latest economic data, with recent "hard data" showing encouraging trends while "softer" survey data has painted a far-bleaker outlook. Following its worst week in six months, the S&P 500 finished lower by another 2.3% this week - its fourth-straight week of declines - which dragged the index into "correction territory."

Crown Castle Inc. has a strong history of dividend growth while building the telecom tower infrastructure. The short-term outlook is mixed with a dividend cut and share buybacks, while long-term prospects depend on effective execution and competition with American Tower. Risks include competitive pressure and potential technological shifts, reducing the need for tower infrastructure.

We had given Crown Castle a buy rating despite having certainty of a dividend cut. The fiber business sale at $8.5 billion impacts our fair value. 2026 AFFO projections appear optimistic, with some expected growth offset by churn.

CCI signs a deal to sell Fiber segment for $8.5 billion and reports lower-than-expected AFFO per share for the fourth quarter.

Crown Castle delayed its earnings release to announce an $8.5 billion asset sale, aimed at debt reduction and stock buybacks, but this makes the company less attractive. Despite a slight revenue beat, Crown Castle's Q4 2024 results showed declines in key segments and a significant goodwill impairment charge, leading to a downgrade from 'strong buy' to 'buy'. The asset sale will reduce debt and fund a share buyback, but the proceeds are disappointing, and the stock will appear more expensive post-transaction.

Crown Castle Inc. (NYSE:CCI ) Q4 2024 Earnings Conference Call March 13, 2025 5:00 PM ET Company Participants Kris Hinson - Vice President of Corporate Finance and Treasurer Steven Moskowitz - President and Chief Executive Officer Daniel K. Schlanger - Executive Vice President and Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley Michael Rollins - Citi Ric Prentiss - Raymond James Brendan Lynch - Barclays Nick Del Deo - MoffettNathanson Jim Schneider - Goldman Sachs Brandon Nispel - KeyBanc Capital Markets Batya Levi - UBS Operator Good afternoon, and welcome to the Fourth Quarter 2024 Crown Castle Earnings Conference Call.

While the top- and bottom-line numbers for Crown Castle (CCI) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.80 per share, missing the Zacks Consensus Estimate of $1.82 per share. This compares to FFO of $1.82 per share a year ago.

Crown Castle's Small Cells Solutions business builds and operates small cells nationwide, serving mobile densification needs for cellular carriers Transaction highlights EQT's active ownership approach by acquiring an attractive, stable core infrastructure platform targeting a substantial market opportunity EQT will aim to further accelerate the Company's future growth ambitions  NEW YORK , March 13, 2025 /PRNewswire/ -- EQT is pleased to announce that the EQT Active Core Infrastructure fund ("EQT")" has entered into a definitive agreement to acquire Crown Castle Inc.'s ("Crown Castle") (NYSE: CCI) Small Cells Solutions business (the "Company") in a transaction valuing it at approximately $4.25 billion. Crown Castle's Small Cells Solutions business is a leading builder and operator of digital infrastructure, specializing in the deployment of small cell networks that enhance essential wireless connectivity.

Successfully Concludes Strategic Review with Agreement to Sell Small Cells and Fiber Solutions for $8.5 Billion