Stock of the Day

April 16, 2020

Optimum Communications (OPTU)

$0.87
-$0.02 (-2.6%)
Market Cap: $410.10M

About Optimum Communications

Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications. It also provides voice over Internet protocol telephone services; and mobile services, such as data, talk, and text. In addition, the company offers Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony services, managed Wi-Fi, managed desktop and server backup, and collaboration services comprising audio and web conferencing; fiber-to-the-tower services to wireless carriers; data services consisting of wide area networking and dedicated data access, as well as wireless mesh networks; and enterprise class telephone services that include traditional multi-line phone service. Further, it provides business e-mail, hosted private branch exchange, web space storage, and network security monitoring; and international calling and toll free numbers. Additionally, the company offers audience-based and IP-authenticated cross-screen advertising solutions; and television and digital advertising services, as well as operates news channels under the News 12 Networks, Cheddar, and i24NEWS names. It also provides broadband communications and video services under the Optimum and Suddenlink brands. The company was incorporated in 2015 and is headquartered in Long Island City, New York. Altice USA, Inc. is a subsidiary of Next Alt. S.a.r.l.

Today's Trend

Optimum Communications, Inc. (NYSE: OPTU) is trading higher after a wave of analyst estimate revisions from Zacks Research. The updates were mixed, but the broader takeaway is that analysts are still projecting continued losses, with several near-term and longer-term earnings forecasts cut more than they were raised. That kind of outlook can keep pressure on the shares even when the stock is moving up on the day.

  • Zacks Research slightly improved its outlook for Q4 2026, Q3 2027, and Q4 2027 EPS, suggesting some improvement in the company’s expected operating trend. Article link
  • The firm maintained a Hold rating on Optimum Communications (NYSE: OPTU), indicating analysts are not yet recommending a stronger bullish stance. Article link
  • Analysts cut earnings estimates for several periods, including Q1 2027, Q2 2026, FY2027, Q1 2028, and FY2028, reinforcing expectations that the company may remain unprofitable for an extended period. Article link

Overall, OPTU appears to be benefiting from the recent share-price strength, but the news flow is mostly about analyst forecast changes rather than a major business catalyst. The mixed estimate revisions help explain the move, while the continued negative EPS outlook suggests investors are still waiting for clearer signs of a turnaround.

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