American Tower (AMT) touted plans for global growth at its investor day on Thursday, but its U.S. outlook has some analysts cautious on the stock. The cell tower operator did not provide 2016 guidance at the New York event, but it is expected to provide guidance for 2016 when it reports its Q4 earnings. Shares of American Tower, which competes with Crown Castle (CCI) and SBA Communications (SBAC), were down 0.6% in morning trading in the stock
There could be upside for cell tower operator Crown Castle (CCI) in an expected network upgrade announcement by Sprint (S), but how much upside is unclear. The next phase in Sprint’s 4G network upgrade will likely use small-cell technology, an approach Verizon Communications (VZ) has also taken. Verizon’s plans include tapping unlicensed radio spectrum, as IBD has reported. Wireless firms generally use large cell towers across the U.S. to whisk
Wireless phone companies aim to improve spotty network coverage and add data capacity by turning to “small cell” technology — a strategy that may also enable them to tap unlicensed, Wi-Fi-type radio spectrum in the long run. Crown Castle (CCI) is the cell tower operator most likely to benefit, as it aims to play a large role in small cell deployment by wireless firms. Crown Castle in April made its second major small-cell-related acquisition,