NASDAQ:SBAC - SBA Communications Stock Price, News, & Analysis

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

SBA Communications declared that its Board of Directors has authorized a share buyback program on Tuesday, February 27th 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

SBA Communications Co. (NASDAQ:SBAC) announced its quarterly earnings results on Monday, April, 30th. The technology company reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.07. The technology company earned $458.30 million during the quarter, compared to analysts' expectations of $453.50 million. SBA Communications had a negative net margin of 0.11% and a negative return on equity of 0.65%. SBA Communications's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $1.69 EPS. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for SBA Communications.

SBA Communications will be holding an earnings conference call on Thursday, February 21st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8002301074.

10 equities research analysts have issued 12-month price targets for SBA Communications' shares. Their predictions range from $161.00 to $195.00. On average, they expect SBA Communications' share price to reach $180.75 in the next twelve months. This suggests that the stock has a possible downside of 2.6%. View Analyst Price Targets for SBA Communications.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SBA Communications.

Media coverage about SBAC stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. SBA Communications earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Some companies that are related to SBA Communications include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE IN/SH SH (CCI), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY) and Essex Property Trust (ESS).

SBA Communications' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.62%), Principal Financial Group Inc. (4.27%), Cohen & Steers Inc. (3.21%), Brown Advisory Inc. (2.63%), Canada Pension Plan Investment Board (1.60%) and Dimensional Fund Advisors LP (1.54%). 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 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 Iridian Asset Management LLC CT, D. E. Shaw & Co. Inc., Principal Financial Group Inc., Nuveen Asset Management LLC, Triple Frond Partners LLC, Victory Capital Management Inc., Jennison Associates LLC and Lasalle Investment Management Securities LLC. 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, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella and Thomas P Hunt. View Insider Buying and Selling for SBA Communications.

SBAC stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Daiwa Securities Group Inc., Millennium Management LLC, Commonwealth Bank of Australia, Maple Brown Abbott Ltd, Two Sigma Advisers LP, Massachusetts Financial Services Co. MA and Westfield Capital Management Co. LP. Company insiders that have bought SBA Communications stock in the last two years include Duncan Cocroft and Jeffrey Stoops. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of SBAC stock can currently be purchased for approximately $185.50.

SBA Communications has a market capitalization of $21.02 billion and generates $1.73 billion in revenue each year. SBA Communications employs 1,291 workers across the globe.

The official website for SBA Communications is http://www.sbasite.com.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The technology company can be reached via phone at 561-226-9345 or via email at [email protected]