Technical analysis and patterns have shown that Lamar Advertising Company, a well-known outdoor advertising firm, has been on a bullish streak for the last three days. Investors and traders alike see this pattern as a bullish indication and are now actively monitoring the stock for potential future growth. Lamar Advertising Company's prospects for further growth should be evaluated by...
Equinix Inc.’s third-quarter adjusted funds from operations (AFFO) per share grew +11.4% year-over-year to $7.73, exceeding the Zacks Consensus Estimate of $7.19. Revenues climbed +9.9% to $1.84 billion for the quarter , beating the Zacks Consensus Estimate of $1.83 billion. For the full-year, the company boosted its revenue outlook by $15 million compared to prior guidance to a range of...
Equinix reported its second quarter earnings that topped analysts' expectations. Revenue was in line with estimates. The company’s earnings per share came in at $2.37, exceeding analysts’ expectations of $1.8 (based on Investing.com poll). Revenue was $1.82 billion in the quarter, similar to analysts’ estimates. For the current quarter ending in October, Equinix is expecting revenue in the...
Telecommunications company Cincinnati Bell is ready to be acquired by infrastructure asset management company Brookfield Infrastructure Partners in a $2.6 billion transaction.
According to the agreement, Cincinnati Bell shareholders will receive $10.50 in cash for each share, at the close of the transaction.The transaction price represents a 36% premium to the closing per share price of $7.72 on Dec. 20 and an 84% premium to the 60-day volume weighted average price.
Cincinnati Bell owns and operates a data transmission and distribution network in Cincinnati and Hawaii, catering to more than 1.3 million homes.
Cellular tower REIT American Tower (NYSE: AMT) has been in a strong upward trend over the past year with the trajectory of the rally becoming steeper in 2019.Now the company is set to release third quarter earnings results on October 31 and investors are hoping the rally can continue.
Analysts expect American Tower to report earnings of $0.95 per share on the quarter with revenue coming in at $1.87 billion.
Zayo Group shares surged +9.2% during premarket Wednesday, following news of the Fiber network infrastructure company going private.
As part of a $14.3 billion deal, private-equity firms Digital Colony and EQT will pay $35 per share in cash for the company (which marks a 14.3% premium over Zayo's Tuesday closing price) and assume $5.9 billion of debt.Zayo operates a 130,000-mile data network in North America and Europe, spanning thousands of buildings and data centers.
For Stockholm-based investment firm EQT, the deal would be its largest transaction in its 25-year history.
The deal is expected to close in the first half of 2020, subject to regulatory clearance and approval by Zayo shareholders.
A Bloomberg report on Friday suggested that preliminary talks were on, although it is still uncertain whether or not the initial interest would develop into a bidding process.
Private-equity firms including Blackstone, Stonepeak, KKR, I Squared, GTCR and Charlesbank have also reportedly shown interest in Zayo.Their buyout offers were reportedly in the range of low to mid $30 per share.
In pre-market trading on Monday, Zayo shares jumped around +5%.