Crown Castle Inc. (CCI)
| Market Cap | 41.41B |
| Revenue (ttm) | 6.85B |
| Net Income (ttm) | 1.39B |
| Shares Out | 434.52M |
| EPS (ttm) | 3.20 |
| PE Ratio | 29.78 |
| Forward PE | 36.40 |
| Dividend | $6.26 (6.57%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 2,027,416 |
| Open | 96.37 |
| Previous Close | 95.98 |
| Day's Range | 95.02 - 96.55 |
| 52-Week Range | 84.72 - 119.50 |
| Beta | 0.83 |
| Analysts | Hold |
| Price Target | 111.67 (+17.19%) |
| Earnings Date | Jul 17, 2024 |
About CCI
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. [Read more]
Financial Performance
In 2023, Crown Castle's revenue was $6.98 billion, a decrease of -0.07% compared to the previous year's $6.99 billion. Earnings were $1.50 billion, a decrease of -10.33%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for CCI stock is "Hold." The 12-month stock price forecast is $111.67, which is an increase of 17.19% from the latest price.
News
Crown Castle cuts annual profit forecast, reduces workforce amid fiber business review
Telecommunications infrastructure company Crown Castle on Tuesday cut its annual profit forecast and said it will reduce its workforce by 10% as a result of an operational review of its fiber business...
This cell-tower REIT is laying off more than 10% of its employees
Crown Castle announced Tuesday some changes in how it will run its fiber business, which the cell-tower real-estate investment trust said will lead to a workforce reduction of more than 10%.
Crown Castle Implements Operational Changes and Updates Outlook for Full Year 2024
HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today announced plans to enhance operational performance and updated its full year 2024 outlook.
3 Dividend Stocks for June 2024
The dividend prospects of a REIT, a utility, and a toymaker.
Crown Castle Declares Quarterly Common Stock Dividend
HOUSTON, May 22, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.565 per common share. ...
Crown Castle founder turned activist handed strong defeat at shareholder meeting
Crown Castle founder Ted Miller's bid to secure four board seats at the telecommunications giant was resoundingly rejected by shareholders on Wednesday.
Crown Castle Announces Shareholders Have Elected All 12 of the Company's Director Nominees
HOUSTON, May 22, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or the “Company”) announced today that, based on preliminary information from the Company's proxy solicitor, Cro...
Crown Castle to Present at Nareit's REITweek: 2024 Investor Conference
HOUSTON, May 21, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Chief Financial Officer, is scheduled to present on Tuesday,...
Leading Proxy Advisory Firms Recommend Shareholders Vote “FOR” All of Crown Castle's Director Nominees
Egan-Jones joins ISS in Recommending Shareholders Vote “FOR” ONLY Crown Castle's 12 Highly Qualified Nominees on the WHITE Proxy Card or Voting Instruction Form
TED B. MILLER SENDS OPEN LETTER TO CROWN CASTLE SHAREHOLDERS
Crown Castle's Board Has Presided Over a Decade of Underperformance and Lacks the Expertise to Turn the Company Around Boots Capital's Nominees Bring the Critical Tower Industry Experience and Detaile...
TIME IS RUNNING OUT! VOTE TODAY FOR CRITICAL CHANGE AT CROWN CASTLE: BOOTS CAPITAL'S NOMINEES HAVE WORLD-CLASS SKILLS TO CREATE MEANINGFUL VALUE FOR SHAREHOLDERS AFTER A LOST DECADE OF UNDERPERFORMANCE
Boots is Committed to Working Collaboratively with Board and New CEO Crown Castle Board Has Presided Over the Misallocation of $22 Billion of Shareholder Capital; Total Shareholder Return Has Suffered...
Glass Lewis backs two dissident candidates in board fight with Crown Castle
Proxy advisory firm Glass Lewis on Tuesday recommended Crown Castle investors elect two activist director candidates, including the wireless tower owner's co-founder and former chief executive officer...
LEADING PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS CROWN CASTLE SHAREHOLDERS VOTE "FOR" BOOTS CAPITAL NOMINEES TED B. MILLER AND CHARLES C.
Glass Lewis Concludes Boots Capital Presents a "Compelling Case" for Change Recommends Shareholders Elect Ted. B. Miller and Charles C.
Leading Independent Proxy Advisory Firm ISS Recommends Shareholders Vote “FOR” All of Crown Castle's Director Nominees
Crown Castle Urges Shareholders to Vote “FOR” ONLY Crown Castle's 12 Highly Qualified Nominees on the WHITE Proxy Card or Voting Instruction Form Today Crown Castle Urges Shareholders to Vote “FOR” ON...
Boots Capital Sends Letter to Shareholders Highlighting Crown Castle Board's Failures to Deliver Promised Changes While Presiding Over a Decade of Underperformance
Boots Capital's Highly Qualified Nominees Have the Tower Industry Experience and Operational Skillset Required to Correct the Board's Missteps and Restore Shareholder Value Reaffirms Boots Capital's P...
Crown Castle's Highly Qualified Board of Directors is Driving Strategic Actions to Enhance Value
Refreshed Board Has Deep Expertise in Telecom, Towers and Fiber Industries as well as C-Suite and Investment Professional Experience
BOOTS CAPITAL ENCOURAGES SHAREHOLDERS TO IGNORE CROWN CASTLE'S DISTRACTING MISREPRESENTATIONS AND JUDGE DIRECTOR CANDIDATES ON THE MERITS
Boots Capital Has Unequivocally Stated It is Not Seeking Control and is Committed to Working Collaboratively with Crown Castle's Board and New CEO, Contrary to Falsehoods Intended to Mislead Sharehold...
Crown Castle Files Investor Presentation Highlighting Clear Strategic Plan and Refreshed, Experienced Board to Drive Shareholder Value Creation
The Company's Board, alongside newly appointed CEO Steven Moskowitz, is taking action to improve performance, unlock value within the fiber and small cell business, and create a stronger and more valu...
Board Change at Crown Castle is Needed Urgently: Boots Capital Releases Investor Presentation
Details Crown Castle Board's Track Record of Poor Judgement, Resulting in Years of TSR and Stock Price Underperformance, Debt-Fueled Dividend, Mishandled CEO Succession, Loss of Talent, and Operationa...
Crown Castle Highlights Actions its Board Has Implemented to Successfully Strengthen Foundation and Position Company for Long-Term Value Creation
Urges Shareholders to Vote “FOR” ONLY Crown Castle's 12 Qualified and Experienced Director Nominees on the WHITE Proxy Card
BOOTS CAPITAL HIGHLIGHTS CROWN CASTLE'S SIGNIFICANT DESTRUCTION OF SHAREHOLDER VALUE AND FAILED OPERATIONAL STRATEGY DUE TO INEFFECTIVE LEADERSHIP
Urges Shareholders to Vote the GOLD Proxy Card "FOR" Boots Capital's Four Highly Qualified Director Nominees – Ted Miller, Charles Green, David Wheeler, and Tripp Rice – and "WITHHOLD" on ALL Crown Ca...
Crown Castle Issues Statement Regarding Ted Miller's Latest Attempt to Disrupt the Company's Momentum
HOUSTON, April 19, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or the “Company”) today issued the following statement:
Crown Castle beats site rental revenue estimates on steady demand
Wireless tower operator Crown Castle beat Wall Street estimates for first-quarter site rental revenue on Wednesday, helped by steady demand for its wireless infrastructure services.
Crown Castle Reports First Quarter 2024 Results and Maintains Outlook for Full Year 2024
HOUSTON, April 17, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the first quarter ended March 31, 2024 and maintained its full year 2024 outlook, ...
Delaware Court of Chancery Grants Expedition and Discovery in Hearing on Company's Last-Minute Expansion of Board
This is the Second Time the Board's Actions Have Presented a "Colorable Claim" Under Delaware Law Crown Castle's Board of Directors Have Shown Blatant and Cynical Disregard for Shareholders and the De...