ENVX Stock
ENVX Stock

Altice USA, Inc. (ATUS) is providing broadband communications and video services in the US. The company is engaged in the delivery of broadband, video, and advertising platforms to its clients by Optimum and Suddenlink brands. The main face of the company, a4 is an innovative advertising and data business, providing multiscreen advertising solutions to the clients.

The price of ATUS stock during regular trading on February 16, 2022, with a loss of 1.71% was $14.4. At last check in the premarket on February 17, 2022, the stock was further down by 16.6%.

ATUS: Key Financials

On February 17, 2022, ATUS released its financial results for the fourth quarter ended December 31, 2021. The key features are below.

Revenue

Total revenue in Q4 2021 was $2.52 billion compared to $2.53 billion in the same period of 2020. The company observed a loss of 0.6% in its total revenue over the year. The company topped the revenue estimates by $629.2 thousand.

EPS

Diluted net income per share in Q4 2021 attributable to the company’s shareholders was $251.7 million or $0.56 compared to $330.5 million or $0.60 in the same quarter of 2020. The company observed a decline in net income over the year. The company topped the analysts’ expected EPS target by $0.06.

ATUS: Events and Happenings

On February 16, 2022, ATUS updated about accelerating its fiber deployment policy over four years estimating to reach 6.5 million passings by 2025 end. On January 18, 2022, ATUS planned to issue $1 million supporting the students and mentors across its Optimum and Suddenlink footprint via collaboration with DonorsChoose. The company will fund classroom projects, enabling access to technology, tools, and experiences.

On November 30, 2021, ATUS reported its Executive management’s participation at the Virtual UBS Global TMT Conference on December 7, 2021.

Conclusion

 A dip of 57% was observed in ATUS stock during the last year as the companies are struggling with economic turmoil in the pandemic. The current premarket drop in its stock is likely the effect of its financial statement release. The company topped the revenue and EPS targets despite its revenue being down compared to the prior year’s same quarter. For the upcoming quarter, the company is expecting revenue in the range of $2.48 billion against EPS of $0.38.

 

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