Crown Castle demolished earnings expectations with a 122% EPS beat in its first full quarter as a pure-play U.S. tower operator after divesting its fiber business, raising full-year guidance to reflect that the U.S. tower market has bottomed.
Crown Castle :
CCI
CCI
Stock Data
$77.60
$1.40 (1.84%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - SPECIALTY
Crown Castle Inc is a key player in the U.S. communications sector, with a vast infrastructure that includes over 40,000 cell towers and around 90,000 route miles of fiber. This extensive network supports small cells and fiber solutions, crucial for wireless services and technology dissemination. By connecting cities and communities, Crown Castle facilitates the flow of information, ideas, and innovations, serving as a backbone for both people and businesses across the nation.
Latest Activity
Crown Castle reports Q2 results after the close with wireless carriers' tower spending and 5G buildout demand in focus.
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