Crown Castle (CCI) Plans Operational Changes, Revises '24 View [Yahoo! Finance]
Crown Castle Inc. (CCI)
Last crown castle inc. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
It has also updated its full-year 2024 outlook. Crown Castle commenced a comprehensive strategic and operational review of its Fiber segment in January 2024. Although the review is still ongoing, involving third parties, the company has completed its operational review and is now making adjustments to its operational plans in accordance with the findings. CCI identified opportunities for significant future enterprise fiber and small cell demand during their operational review. These opportunities arise from locations that are either situated on or near the company's existing high-quality fiber footprint. The operational changes anticipated by the company, along with the delays in delivering certain ongoing small cell projects, are projected to lead to a decrease of 3,000 to 5,000 new revenue-generating small cell nodes in 2024. Moreover, there will be a reduction of approximately $15 million in new leasing activity in the year. Despite these reductions, Crown Castle maintains it
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CCI
News
- DataVerge Opens Second Meet-Me Room to Support Growth and Provide an Always-On Connection [Yahoo! Finance]Yahoo! Finance
- These 3 REITs Just Received Price Target Increases [Yahoo! Finance]Yahoo! Finance
- Crown Castle Inc. (NYSE: CCI) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $126.00 price target on the stock, up previously from $124.00.MarketBeat
- Crown Castle cuts annual profit forecast, reduces workforce amid fiber business review [Yahoo! Finance]Yahoo! Finance
- Crown Castle ups AFFO outlook, reduces staffing levels [Seeking Alpha]Seeking Alpha
CCI
Earnings
- 4/17/24 - Beat
CCI
Sec Filings
- 6/11/24 - Form 8-K
- 6/3/24 - Form 4
- 5/30/24 - Form 8-K/A
- CCI's page on the SEC website