Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Altice USA, Inc. due to lower revenues, with a consensus EPS estimate of $0.08, reflecting a -52.9% change from the previous year [2][8] - The actual earnings report, expected on August 1, will significantly influence the stock price based on how results compare to these estimates [1][8] Financial Estimates - Revenues for Altice USA are projected to be $2.25 billion, down 3.1% from the same quarter last year [2] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [2] Earnings Surprise Prediction - The Zacks Earnings ESP model shows a negative Earnings ESP of -21.05% for Altice USA, suggesting analysts have become bearish on the company's earnings prospects [4][6] - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, indicating a potential earnings miss [4][6] Historical Performance - In the last reported quarter, Altice USA was expected to post earnings of $0.01 per share but instead reported a loss of $0.05, resulting in a surprise of -600% [7] - Over the last four quarters, the company has beaten consensus EPS estimates two times [7] Comparative Industry Analysis - Arista Networks, a peer in the Zacks Communication - Components industry, is expected to report earnings of $1.94 per share, reflecting a year-over-year increase of +22.8% [9] - Arista Networks has a positive Earnings ESP of 1.72% and a Zacks Rank of 1, indicating a strong likelihood of beating consensus EPS estimates [9]

NEW YORK, June 26, 2024 /PRNewswire/ -- MiCTA, a national, non-profit group purchasing organization located in Saginaw, MI, has named Lightpath as an approved vendor for its Internet, Ethernet, Wavelengths, Dark Fiber, Private Networks, Voice, and all of the company's managed service offerings. The Master Service Agreement will enable MiCTA members to purchase Lightpath's services at a discount. "MiCTA is pleased to welcome Lightpath as an Approved MiCTA vendor," stated Tim von Hoff, Chief Operating Officer ...

Core Insights - Altice USA Inc.'s subsidiary Lightpath is acquiring United Fiber and Data (UFD) to enhance service capabilities, with the deal expected to close in Q3 2024, pending regulatory approvals [1] - UFD operates a 323-route mile high-fiber network connecting New York City to Ashburn, VA, and a 79-route mile metro network in New York City and New Jersey, which will strengthen Lightpath's infrastructure [1] Group 1: Network Expansion and Technological Advancement - The acquisition will expand Lightpath's network to over 20,000 route miles and improve connectivity with over 140 data centers and seven cable landing stations, particularly benefiting high-demand areas like Manhattan and Ashburn [2] - UFD's network utilizes advanced optical technologies from Ciena, supporting dark fiber, Ethernet, and wavelengths up to 800 Gbps, enabling Lightpath to provide faster and more reliable services [2] Group 2: Market Reach and Customer Solutions - Lightpath's enterprise and data center coverage in Manhattan will increase nearly fivefold, allowing UFD's customers to access a broader service portfolio, including Wavelengths, Ethernet, and Private Networks [3] - Existing UFD customers will benefit from enhanced connectivity to major cloud providers, improving service quality and reliability, which is expected to attract more customers and increase market share [3] Group 3: Overall Impact on Altice - The acquisition is anticipated to significantly enhance Altice's connectivity solutions, expanding Lightpath's network footprint and technological capabilities while reinforcing its position in high-growth markets [4] - Altice's stock performance has declined by 15.4% over the past year, contrasting with a 46.6% rise in the industry [4]

United Fiber and Data (UFD) owns and operates a unique and diverse 323-route mile, high-fiber count network between New York City and Ashburn, VA, connecting the largest population center in the country with the largest data center and cloud ecosystem in the world. UFD also owns a 79-route mile metro network in New York City and New Jersey, including connectivity to over 350 enterprise and data center locations and a high-fiber count crossing of the Hudson River, which will add capacity to Lightpath's three ...

Altice USA Inc. (ATUS) subsidiary Lightpath is enhancing its cybersecurity capabilities through a new collaboration with Radware Ltd. (RDWR) , a leading provider of cybersecurity and application delivery solutions. Under a managed security service provider (MSSP) agreement, Lightpath is integrating Radware’s AI-powered DefensePro DDoS Protection to offer a robust DDoS scrubbing service to its customers, aiming to address the evolving landscape of cyber threats.Lightpath's decision to leverage Radware’s adva ...

MAHWAH, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, today announced it signed a managed security service provider (MSSP) agreement with Lightpath, an all-fiber, infrastructure-based connectivity provider. Based on the agreement, Lightpath is leveraging Radware's AI-powered DefensePro® DDoS Protection to offer customers a DDoS scrubbing service designed to combat today's increasingly complex threats. "Radware takes a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission File Number Registrant; State of Incorporation; Address and Telephone Number IRS Employer Identification No. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-38126 38-3980194 Altice USA, In ...

Altice USA, Inc. (NYSE:ATUS) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Sarah Freedman - Investor Relations Dennis Mathew - Chairman and Chief Executive Officer Marc Sirota - Chief Financial Officer Conference Call Participants Kutgun Maral - Evercore ISI Gregory Williams - TD Cowen Jonathan Chaplin - New Street Jessica Reif Ehrlich - Bank of America Frank Louthan - Raymond James Sebastiano Petti - JPMorgan Arun Seshadri - BNP Paribas Operator Greetings and welcome to the A ...

Altice USA, Inc. (ATUS) reported $2.25 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.9%. EPS of -$0.05 for the same period compares to $0.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.23 billion, representing a surprise of +0.74%. The company delivered an EPS surprise of -600.00%, with the consensus EPS estimate being $0.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Altice USA, Inc. (ATUS) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -600%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced a loss of $0.26, delivering a surprise of -471.43%.Over the last four quarters, the company has surpassed ...