NASDAQ:SBACSBA Communications Stock Price, Forecast & News

SBA Communications' stock was trading at $274.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SBAC shares have increased by 13.3% and is now trading at $311.28.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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SBA Communications is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for SBA Communications.

SBA Communications Co. (NASDAQ:SBAC) announced its quarterly earnings results on Monday, August, 3rd. The technology company reported $0.20 EPS for the quarter, missing the Zacks' consensus estimate of $2.05 by $1.85. The technology company had revenue of $507.23 million for the quarter, compared to analyst estimates of $500.60 million. SBA Communications had a negative net margin of 0.74% and a negative return on equity of 4.24%. SBA Communications's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.09 earnings per share.
View SBA Communications' earnings history.

SBA Communications announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.465 per share on Tuesday, September 22nd. This represents a $1.86 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Monday, August 24th.
View SBA Communications' dividend history.

SBA Communications issued an update on its FY20 earnings guidance on Monday, August, 3rd. The company provided earnings per share (EPS) guidance of $8.94-9.33 for the period, compared to the Thomson Reuters consensus estimate of $6.58. The company issued revenue guidance of $2.047-2.087 billion, compared to the consensus revenue estimate of $2.07 billion.

16 brokerages have issued twelve-month price targets for SBA Communications' stock. Their forecasts range from $273.00 to $361.00. On average, they expect SBA Communications' stock price to reach $321.00 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
View analysts' price targets for SBA Communications.

News stories about SBAC stock have been trending negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SBA Communications earned a coverage optimism score of -2.5 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about SBA Communications.

SBA Communications saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,520,000 shares, a decline of 7.9% from the July 15th total of 1,650,000 shares. Based on an average daily volume of 792,400 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.4% of the shares of the company are sold short.
View SBA Communications' Short Interest.

Some companies that are related to SBA Communications include CROWN CASTLE IN/SH SH (CCI), BlackBerry (BB), Shenandoah Telecommunications (SHEN), United States Cellular (USM), Telephone & Data Systems (TDS), Boingo Wireless (WIFI) and Spok (SPOK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include NVIDIA (NVDA), American Tower (AMT), Cisco Systems (CSCO), Walt Disney (DIS), Intel (INTC), Micron Technology (MU), CROWN CASTLE IN/SH SH (CCI), salesforce.com (CRM), Adobe (ADBE) and Equinix (EQIX).

SBA Communications trades on the NASDAQ under the ticker symbol "SBAC."

SBA Communications' stock is owned by many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (2.34%), Victory Capital Management Inc. (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.64%), TimesSquare Capital Management LLC (0.43%), Swiss National Bank (0.41%) and Frontier Capital Management Co. LLC (0.38%). Company insiders that own SBA Communications stock include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jack Langer, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mary S Chan, Steven E Bernstein and Thomas P Hunt.
View institutional ownership trends for SBA Communications.

SBAC stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Jennison Associates LLC, Frontier Capital Management Co. LLC, Portsea Asset Management LLP, Kornitzer Capital Management Inc. KS, WINTON GROUP Ltd, Manning & Napier Group LLC, and Raymond James Financial Services Advisors Inc.. Company insiders that have sold SBA Communications company stock in the last year include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jack Langer, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mary S Chan, Steven E Bernstein, and Thomas P Hunt.
View insider buying and selling activity for SBA Communications.

SBAC stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Russell Investments Group Ltd., Sumitomo Mitsui Trust Holdings Inc., Strs Ohio, New York State Common Retirement Fund, Aew Capital Management L P, Pacer Advisors Inc., and Robeco Institutional Asset Management B.V..
View insider buying and selling activity for SBA Communications.

Shares of SBAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SBAC stock can currently be purchased for approximately $311.28.

SBA Communications has a market capitalization of $34.75 billion and generates $2.01 billion in revenue each year. The technology company earns $146.99 million in net income (profit) each year or $8.49 on an earnings per share basis. SBA Communications employs 1,475 workers across the globe.

The official website for SBA Communications is www.sbasite.com.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The technology company can be reached via phone at 561-995-7670 or via email at [email protected]