Stock to Track: Altice USA Inc (NYSE: ATUS)

On Wednesday, Shares of Altice USA Inc (NYSE: ATUS) lost -0.18% to $16.95. The stock opened its trade at $17.00 and after floating in a price range of $16.88 to $17.14; the stock grabbed the investor’s attention and traded 1.49M shares as compared to its average daily volume of 5.14M shares. The stock’s institutional ownership stands at 80.80%.

Altice USA Inc. (ATUS) stated a loss of $129.0M in its first quarter. The Long Island City, New York-based company said it had a loss of 17 cents per share. Losses, adjusted to extinguish debt, were 16 cents per share. The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The broadband and video services provider posted revenue of $2.33B in the period.

ATUS has a market value of $12.49B while its EPS was booked as $-1.26 in the last 12 months. The stock has 737.07M shares outstanding. In the profitability analysis, the company has gross profit margin of 67.20% while net profit margin was 15.70%. Analyst recommendation for this stock stands at 2.10.

Steve Backshall

Steve Backshall

I am Steve Backshall and I give an insight into the most recent news hitting the Technology Sector in Wall Street. I have been an independent financial adviser for over 10 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicizes valuable information for shareholder community. I am an accomplished journalist who has a passion for travel. My desire to see the world has taken me to countries around the world and given me the opportunity to report for some of the top news organizations.

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