SBA Communications (SBAC) Has a New Rating from JMP Securities
TipRanks (Wed, 29-Jan 5:05 AM ET)
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SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.
Sba Comms trades on the NASDAQ stock market under the symbol SBAC.
As of January 31, 2025, SBAC stock price declined to $197.40 with 283,735 million shares trading.
SBAC has a beta of 0.38, meaning it tends to be less sensitive to market movements. SBAC has a correlation of 0.03 to the broad based SPY ETF.
SBAC has a market cap of $21.21 billion. This is considered a Large Cap stock.
Last quarter Sba Comms reported $668 million in Revenue and $2.40 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.13.
In the last 3 years, SBAC traded as high as $379.99 and as low as $183.64.
The top ETF exchange traded funds that SBAC belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.
SBAC has underperformed the market in the last year with a price return of -8.9% while the SPY ETF gained +24.6%. SBAC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.4% and -3.3%, respectively, while the SPY returned +4.6% and +2.2%, respectively.
SBAC support price is $195.19 and resistance is $203.09 (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 SBAC shares will trade within this expected range on the day.