SBA Communications Corporation (Nasdaq:SBAC)
June 13th, 2019
With markets going up SBA Communications Corporation finished Thursday’s trading session down 1.04%, a ($2.35) decrease to close on $224.50. Despite the drop in price it hit a new 52 week high of $227.47. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.72.
SBAC was outperformed by the rest of the Real Estate sector which went up 0.09%.
SBA Communications Corporation is listed on the S&P 500 index, and was one of 115 stocks that fell today. Weighted by market cap, SBAC represents about 0.10% of the S&P 500.
Analysis results from 15 analysts indicates that SBA Communications Corporation might decline somewhat (-5.28%).
The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.
Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.
- Energy, up 1.25%.
- Communication Services, up 1.14%.
- Consumer Discretionary, up 0.90%.
- Materials, up 0.58%.
- Industrials, up 0.54%.
- Financials, up 0.23%.
- Information Technology, up 0.22%.
- Utilities, up 0.15%.
- Consumer Staples, up 0.11%.
- Real Estate, up 0.09%.
- Healthcare, down -0.11%.
SBA Communications Corporation Info
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that SBA Communications Corporation’s score is 0.72) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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