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 initiated a share buyback plan on Tuesday, February 27th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly earnings results on Monday, November, 5th. The technology company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $1.78 by $1.64. The technology company had revenue of $467.20 million for the quarter, compared to analysts' expectations of $459.17 million. SBA Communications had a negative net margin of 0.11% and a negative return on equity of 0.65%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 EPS. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Monday, February 25th 2019. View Earnings Estimates for SBA Communications.

11 analysts have issued 1-year price targets for SBA Communications' shares. Their forecasts range from $161.00 to $192.00. On average, they expect SBA Communications' share price to reach $179.6667 in the next year. This suggests a possible upside of 5.4% from the stock's current price. View Analyst Price Targets for SBA Communications.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SBA Communications.

News headlines about SBAC stock have trended positive this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. SBA Communications earned a coverage optimism score of 2.8 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the company's share price in the next few days.

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), Equity Residential (EQR), AvalonBay Communities (AVB), 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 a variety of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.05%), CHURCHILL MANAGEMENT Corp (0.03%), Gulf International Bank UK Ltd (0.02%), DNB Asset Management AS (0.01%), Tealwood Asset Management Inc. (0.01%) and First Hawaiian Bank (0.01%). 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 Gulf International Bank UK Ltd, CHURCHILL MANAGEMENT Corp, First Hawaiian Bank, State of Alaska Department of Revenue, DNB Asset Management AS, Louisiana State Employees Retirement System and Tealwood Asset Management 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, 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 Fox Run Management L.L.C. and Gateway Investment Advisers LLC. 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 $170.50.

SBA Communications has a market capitalization of $19.17 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]