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Altice USA (ATUS) Company Overview

Profile

Full Name:

Altice USA, Inc.

Country:

United States

IPO:

June 22, 2017

Indexes:

Not included

Description:

Altice USA, Inc. is an operator that provides cable television, telephone, mobile communication, and internet access services. The company was founded on September 14, 2015. The headquarters are located in New York. The company is one of the largest cable television providers. Services are provided through an extensive fiber-optic broadband network (HFS) that allows data transmission at speeds of 1Gbit. In addition to this network, Altice USA Inc. is developing a fiber-to-the-home network (FTTH) that allows data transmission at speeds of 10Gbit. Home connectivity is provided through Altice One - an innovative integrated platform with a sophisticated user interface that combines a set-top box, wireless internet router, and cable modem in one device.

Key Details

Price

$2.79

Annual Revenue

$9.24 B(-4.26% YoY)

Annual EPS

$0.12(-72.09% YoY)

Annual ROE

-12.60%

Beta

1.13

Events Calendar

Earnings

Next earnings date:

Feb 13, 2025

Recent quarterly earnings:

Nov 4, 2024

Recent annual earnings:

Feb 14, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Jun 7, 2018
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Dec 11, 24 Citigroup
Buy
Nov 5, 24 TD Cowen
Buy
Aug 2, 24 UBS
Neutral
Jul 2, 24 Evercore ISI Group
In-Line
Jul 1, 24 Goldman Sachs
Sell
Apr 23, 24 Loop Capital
Hold
Apr 11, 24 JP Morgan
Underweight
Apr 9, 24 Exane BNP Paribas
Underperform
Apr 5, 24 Wells Fargo
Underweight
Mar 26, 24 Evercore ISI Group
In-Line

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Lightpath Closes Acquisition of United Fiber & Data Assets
Lightpath Closes Acquisition of United Fiber & Data Assets
Lightpath Closes Acquisition of United Fiber & Data Assets
ATUS
prnewswire.comFebruary 4, 2025

Company Introduces LightCube Edge Data Centers and Plans to Construct 4 Units Along NYC-Ashburn Route to Address Demand from Edge Compute and Other AI-Related Projects NEW YORK , Feb. 4, 2025 /PRNewswire/ -- Lightpath , an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the company has closed the transaction to acquire substantially all of the assets of United Fiber and Data (UFD). The company also introduced LightCube Edge Data Centers that will be first deployed along its NYC-Ashburn strategic network route.

Lightpath Launches New Performance Units to Support Surging AI-Related Demand
Lightpath Launches New Performance Units to Support Surging AI-Related Demand
Lightpath Launches New Performance Units to Support Surging AI-Related Demand
ATUS
prnewswire.comJanuary 21, 2025

Major Infrastructure Solutions to be Headed by EVP Tim Haverkate Joe Harding Joins Company as President of Core Infrastructure & Networking Solutions NEW YORK , Jan. 21, 2025 /PRNewswire/ -- Lightpath , an all-fiber infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, announced the launch of two distinct performance units: Major Infrastructure Solutions for large-scale connectivity, and Core Infrastructure and Network Solutions for connecting enterprise customers to their digital destinations.   Lightpath launches two new performance units to respond to AI demand for both large-scale and enterprise businesses.

ATUS' Lightpath Rides on Solid AI-Driven Demand: Stock to Benefit?
ATUS' Lightpath Rides on Solid AI-Driven Demand: Stock to Benefit?
ATUS' Lightpath Rides on Solid AI-Driven Demand: Stock to Benefit?
ATUS
zacks.comJanuary 17, 2025

ATUS is focused on expanding its fiber network for increased market penetration and long-term sustainable growth.

Altice to spend millions on internet upgrades in settlement with West Virginia
Altice to spend millions on internet upgrades in settlement with West Virginia
Altice to spend millions on internet upgrades in settlement with West Virginia
ATUS
techxplore.comJanuary 11, 2025

The parent company of one of West Virginia's largest internet providers has reached a settlement with the state to resolve thousands of consumer complaints.

MSG says Altice walked away from negotiations as Optimum saga takes another twist
MSG says Altice walked away from negotiations as Optimum saga takes another twist
MSG says Altice walked away from negotiations as Optimum saga takes another twist
ATUS
nypost.comJanuary 10, 2025

The ongoing saga between MSG Networks and Altice — the parent company of Optimum — has taken another turn.

ATUS' Brand Removes MSG Networks From TV Lineup: Will it Affect the Stock?
ATUS' Brand Removes MSG Networks From TV Lineup: Will it Affect the Stock?
ATUS' Brand Removes MSG Networks From TV Lineup: Will it Affect the Stock?
ATUS
zacks.comJanuary 2, 2025

Altice terminates its carrier agreement with MSG Networks to provide more flexible and affordable content packages for its customers.

MSG Networks, home of Knicks and Rangers, goes dark for Altice USA's Optimum cable customers
MSG Networks, home of Knicks and Rangers, goes dark for Altice USA's Optimum cable customers
MSG Networks, home of Knicks and Rangers, goes dark for Altice USA's Optimum cable customers
ATUS
cnbc.comJanuary 1, 2025

MSG Networks, the channels that play local games for New York-area teams including the New York Knicks, went dark for Altice USA's Optimum cable TV customers early Wednesday. The blackout occurred due to a carriage dispute over fees between the cable TV operator and James Dolan's regional sports network.

Can ATUS Stock Benefit From Expansion of Fiber Footprint?
Can ATUS Stock Benefit From Expansion of Fiber Footprint?
Can ATUS Stock Benefit From Expansion of Fiber Footprint?
ATUS
zacks.comNovember 22, 2024

ATUS plans to bring 100% fiber broadband to more than two-thirds of its footprint over the next few years.

Optimum Reaches 500,000 Customers on 100% Fiber Internet Network
Optimum Reaches 500,000 Customers on 100% Fiber Internet Network
Optimum Reaches 500,000 Customers on 100% Fiber Internet Network
ATUS
businesswire.comNovember 21, 2024

NEW YORK--(BUSINESS WIRE)--Today Optimum, a brand of Altice USA (NYSE: ATUS), announces the milestone of 500,000 residential customers on its 100% Fiber Internet network. Available to over 2.9 million homes passed across the company's fiber footprint in New York, New Jersey, and Connecticut, Optimum delivers symmetrical multi-gigabit speeds of up to 8 Gig through Optimum Fiber alongside access to mobile, TV, and home phone services. This milestone announcement comes as Optimum has been expandin.

Altice USA Q3 Results: Too Much Competition And Concerns About Debt
Altice USA Q3 Results: Too Much Competition And Concerns About Debt
Altice USA Q3 Results: Too Much Competition And Concerns About Debt
ATUS
seekingalpha.comNovember 6, 2024

Altice USA, Inc.'s Q3 earnings report showed a revenue decline of 3.9% y/y, missing estimates, with GAAP EPS at a loss of $-0.09, also missing expectations. The company's significant $25B debt, low free cash flow, and declining key metrics raise concerns about its ability to achieve a successful turnaround. Management's optimistic milestones, including fiber network growth and new TV bundles, may not suffice against fierce competition and the ongoing trend of cord-cutting.

FAQ

  • What is the ticker symbol for Altice USA?
  • Does Altice USA pay dividends?
  • What sector is Altice USA in?
  • What industry is Altice USA in?
  • What country is Altice USA based in?
  • When did Altice USA go public?
  • Is Altice USA in the S&P 500?
  • Is Altice USA in the NASDAQ 100?
  • Is Altice USA in the Dow Jones?
  • When was Altice USA's last earnings report?
  • When does Altice USA report earnings?
  • Should I buy Altice USA stock now?

What is the ticker symbol for Altice USA?

The ticker symbol for Altice USA is NYSE:ATUS

Does Altice USA pay dividends?

No, Altice USA does not pay dividends

What sector is Altice USA in?

Altice USA is in the Communication Services sector

What industry is Altice USA in?

Altice USA is in the Telecom Services industry

What country is Altice USA based in?

Altice USA is headquartered in United States

When did Altice USA go public?

Altice USA's initial public offering (IPO) was on June 22, 2017

Is Altice USA in the S&P 500?

No, Altice USA is not included in the S&P 500 index

Is Altice USA in the NASDAQ 100?

No, Altice USA is not included in the NASDAQ 100 index

Is Altice USA in the Dow Jones?

No, Altice USA is not included in the Dow Jones index

When was Altice USA's last earnings report?

Altice USA's most recent earnings report was on Nov 4, 2024

When does Altice USA report earnings?

The next expected earnings date for Altice USA is Feb 13, 2025

Should I buy Altice USA stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions