Altice USA
ATUS

$2.20

2.8%

Market Cap: $1.01B

About: Altice Europe acquired privately held us cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 4 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions now operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York and i24News, a news operation focused on the Middle East.

Employees: 10,600

Communication Services Cable & Other Pay Television Services

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

499% more call options, than puts

Call options by funds: $6.45M | Put options by funds: $1.08M

33% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 8 (+2) [Q2]

18% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 28

3% more funds holding

Funds holding: 163 [Q1] → 168 (+5) [Q2]

1.25% less ownership

Funds ownership: 91.31% [Q1] → 90.07% (-1.25%) [Q2]

22% less capital invested

Capital invested by funds: $647M [Q1] → $507M (-$140M) [Q2]

40% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 58

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$2

9%

downside

Avg. target

$2

9%

downside

High target

$2

9%

downside

3 analyst ratings

0 positive

0%

2 neutral

67%

1 negative

33%

UBS John Hodulik 70% 1-year accuracy 7 / 10 met price target	9%downside $2	Neutral Downgraded	2 Aug 2024
Evercore ISI Group James Ratcliffe 0 / 0 met price target	9%downside $2	In-Line Maintained	2 Jul 2024
Goldman Sachs James Schneider 71% 1-year accuracy 10 / 14 met price target	9%downside $2	Sell Initiated	1 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about ATUS published over the past 30 days

Altice USA to Present at the 2024 Bank of America Securities Media, Communications and Entertainment Conference

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO, will present at the 2024 Bank of America Securities Media, Communications and Entertainment Conference in New York on Wednesday, September 4, 2024, at 1:10 p.m. Eastern Time. A live webcast will be available online on the Altice USA investor relations website or by following this link. Date: Wednesday, September 4, 2024 Time: 1:10 p.m. Eastern Time Presenters: Dennis Ma.

Altice USA to Present at the 2024 Bank of America Securities Media, Communications and Entertainment Conference

Altice USA to Participate in the 2024 Goldman Sachs Communacopia + Technology Conference

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that Dennis Mathew, Chairman and CEO, will participate in a fireside chat at the 2024 Goldman Sachs Communacopia + Technology Conference in San Francisco on Tuesday, September 10, 2024, at 10:50 a.m. Pacific Time (1:50 p.m. Eastern Time). A live webcast will be available online on the Altice USA investor relations website or by following this link. Date: Tuesday, September 10, 2024 Time: 10:50 a.m. Pacific Time (1:50 p.m. Easter.

Altice USA to Participate in the 2024 Goldman Sachs Communacopia + Technology Conference

Lightpath Appoints Rachel Stack as Chief Financial Officer

NEW YORK , Aug. 12, 2024 /PRNewswire/ -- Lightpath , an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the appointment of Rachel Stack as Chief Financial Officer. Stack joins the executive team with a wealth of financial expertise and industry knowledge to support Lightpath's strategic growth plans.

Lightpath Appoints Rachel Stack as Chief Financial Officer

Bloomberg Markets and Finance

Bharti Buys Stake in BT From Patrick Drahi's Troubled Altice

Bharti Global, founded by billionaire Sunil Bharti Mittal, has agreed to buy a major stake in BT from shareholder Altice UK, part of Patrick Drahi's troubled telecommunications empire, a deal that will bolster the Indian company's international expansion while giving the British carrier more investor stability. Bloomberg's PR Sanjai reports.

Bharti Buys Stake in BT From Patrick Drahi's Troubled Altice

Bharti will become BT's biggest shareholder after buying a 25%, $4B stake from Altice

BT, the U.K.'s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel among other assets, said it would purchase a 24.5% stake currently owned by Altice.

Bharti will become BT's biggest shareholder after buying a 25%, $4B stake from Altice

Zacks Investment Research

Altice (ATUS) Q2 Earnings Miss Estimates, Top Line Falls Y/Y

Altice (ATUS) reports top-line contraction year over year owing to demand softness in several segments amid macroeconomic headwinds.

Altice (ATUS) Q2 Earnings Miss Estimates, Top Line Falls Y/Y

Altice USA, Inc. (ATUS) Q2 2024 Earnings Call Transcript

Altice USA, Inc. (NYSE:ATUS ) Q2 2024 Earnings Call Transcript August 1, 2024 8:30 AM ET Company Participants Sarah Freedman - IR Dennis Mathew - Chairman and CEO Marc Sirota - CFO Conference Call Participants Frank Louthan - Raymond James Kutgun Maral - Evercore ISI Michael Rollins - Citibank Craig Moffett - Moffett Nathanson Sebastiano Petti - JPMorgan Jessica Reif Ehrlich - Bank of America MaryAnne Zhao - Morgan Stanley Operator Hello, and welcome to the Altice USA Q2 2024 Results Conference Call and Webcast. [Operator Instructions] A question-and-answer session will follow the formal presentation.

Altice USA, Inc. (ATUS) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Altice USA (ATUS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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

Altice USA (ATUS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Altice USA, Inc. (ATUS) Q2 Earnings and Revenues Lag Estimates

Altice USA, Inc. (ATUS) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.17 per share a year ago.

Altice USA, Inc. (ATUS) Q2 Earnings and Revenues Lag Estimates

Altice USA Reports Second Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today reports results for the second quarter ended June 30, 2024. Dennis Mathew, Altice USA Chairman and Chief Executive Officer, said: "In the second quarter our company achieved significant improvements in operational metrics and customer satisfaction, growth in our fiber, mobile, and B2B businesses, and continued stabilization of ARPU across our base. We elevated product and network quality, introduced refreshed go-to-market strategies, whic.

Altice USA Reports Second Quarter 2024 Results

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