Communication services stocks with strong growth grades heading into Q4
Seeking Alpha News (Tue, 6-Oct 11:40 AM ET)
J.P. Morgan Reaffirms Their Buy Rating on Array Digital Infrastructure (AD)
TipRanks (Thu, 1-Oct 7:35 AM ET)
PRNewswire (Tue, 1-Sep 7:42 PM ET)
Business Wire (Wed, 19-Aug 8:00 AM ET)
Array reports second quarter 2026 results
PRNewswire (Fri, 7-Aug 7:31 AM ET)
TDS and Array to release second quarter operating results and host conference call on August 7, 2026
PRNewswire (Fri, 31-Jul 7:00 AM ET)
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
Array Digital Infrastructure Common Shares trades on the NYSE stock market under the symbol AD.
As of October 6, 2026, AD stock price declined to $34.32 with 120,025 million shares trading.
AD has a beta of 0.77, meaning it tends to be less sensitive to market movements. AD has a correlation of 0.10 to the broad based SPY ETF.
AD has a market cap of $2.96 billion. This is considered a Mid Cap stock.
Last quarter Array Digital Infrastructure Common Shares reported $54 million in Revenue and $3.86 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $3.31.
The top ETF exchange traded funds that AD belongs to (by Net Assets): AVUV, DFSV, DFAT, VTI, VB.
AD has underperformed the market in the last year with a price return of +9.6% while the SPY ETF gained +17.6%. AD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.3% and -3.5%, respectively, while the SPY returned +4.9% and +0.7%, respectively.
AD support price is $33.89 and resistance is $35.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AD shares will trade within this expected range on the day.
