Charter Communications(CHTR)
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Shareholder Alert: Shamis & Gentile, P.A. Issues Corrected Notice to Clarify Deadline To Seek Appointment As Lead Plaintiff In Securities Class Action Against Charter Communications, Inc. (Nasdaq:CHTR)
Globenewswire· 2025-10-01 23:47
Core Viewpoint - A corrected notice has been issued regarding the deadline for investors to seek appointment as Lead Plaintiff in a class action lawsuit against Charter Communications, with the new deadline set for October 14, 2025 [1][3]. Group 1: Class Action Details - The class action, titled Sandoval v. Communications, Inc., is filed on behalf of individuals who purchased or acquired Charter common stock or traded relevant options between July 26, 2024, and July 24, 2025 [2]. - The lawsuit alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act and SEC Rule 10b-5, claiming that the defendants failed to disclose material adverse facts about the company's operations and outlook [2]. Group 2: Allegations Against Charter - The complaint asserts that the defendants made misleading statements regarding the impact of the FCC's Affordable Connectivity Program (ACP) ending, which affected internet customer declines and revenue [5]. - It is claimed that Charter's management did not adequately address the consequences of the ACP ending, leading to greater risks to business plans and earnings growth than reported [5]. Group 3: Financial Performance and Market Reaction - Charter reported an EBITDA of $5.7 billion for Q2 2025, reflecting a 0.5% year-over-year growth, but this was largely due to a one-time benefit of $45 million, which, if excluded, would have resulted in a 2.4% miss against consensus estimates and a 0.3% decline year-over-year [6]. - The company experienced a loss of 117,000 internet customers in Q2 2025, nearly double the loss of 66,000 in the previous quarter and an increase from a loss of 99,000 customers in Q2 2024 [7]. - Following the financial results announcement, Charter's stock price fell by $70.25 per share, or 18.4%, closing at $309.75 on July 25, 2025 [7].
Charter Communications (CHTR) PT Slashed to $350 by Bernstein SocGen
Yahoo Finance· 2025-10-01 18:03
Core Viewpoint - Charter Communications, Inc. is facing challenges due to anticipated higher broadband losses and competition from fixed wireless access services, leading to a reduction in its price target by Bernstein SocGen from $380 to $350 while maintaining an Outperform rating [2][3]. Group 1: Company Overview - Charter Communications is a leading American broadband and cable operator providing subscription-based internet, video, mobile, and voice services to residential and commercial clients [1]. Group 2: Analyst Insights - Bernstein SocGen has adjusted Charter's price target to $350, citing expected higher broadband losses and ongoing competition [2]. - Analysts believe that short-term competitive pressures may hinder Charter's recovery and necessitate increased marketing expenditures [3]. - Despite these challenges, Bernstein maintains an Outperform rating based on expectations of stable or increasing revenue and EBITDA, along with significantly higher free cash flow anticipated from reduced capital spending in 2026 and 2027 [3].
Shareholders that lost money on Charter Communications, Inc.(CHTR) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Prnewswire· 2025-10-01 12:45
Core Viewpoint - A class action securities lawsuit has been filed against Charter Communications, Inc. alleging securities fraud affecting investors during a specific time frame [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased or acquired Charter securities or options between July 26, 2024, and July 24, 2025 [2]. - The complaint alleges that the company made false statements regarding the impact of the Affordable Connectivity Program (ACP) ending, which was not managed effectively [3]. - It is claimed that the ACP's end had a significant negative impact on internet customer declines and revenue, which the company failed to address adequately [3]. Group 2: Company Operations and Misrepresentation - The lawsuit asserts that Charter was not executing broader operations effectively to compensate for the negative impacts of the ACP ending [3]. - The decline in internet customers and the company's execution failures posed greater risks to business plans and earnings growth than reported [3]. - The defendants allegedly misled investors by providing overly optimistic statements about the company's operations and long-term growth trajectory [3]. Group 3: Next Steps for Affected Investors - Investors who suffered losses during the relevant time frame have until October 14, 2025, to request appointment as lead plaintiff [4]. - Participation in the lawsuit does not require any out-of-pocket costs for class members [4]. Group 4: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5]. - The firm is recognized as one of the top securities litigation firms in the United States [5].
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Charter Communications, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CHTR
Globenewswire· 2025-09-30 21:14
NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities (as well as purchasers of call options or sellers of put options) of Charter Communications, Inc. (NASDAQ: CHTR) between July 26, 2024 and July 24, 2025, both dates inclusive (the “Class Period”), of the important October 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased Charter Communications securities during the Class Period you may be entitled to compensation w ...
Portnoy Law Firm Announces Class Action on Behalf of Charter Communications, Inc. Investors
Globenewswire· 2025-09-30 19:19
Core Viewpoint - Charter Communications, Inc. is facing a class action lawsuit due to alleged misleading statements regarding the impact of the termination of the Federal Communications Commission's Affordable Connectivity Program on its business performance and subscriber growth [3][4]. Group 1: Class Action Details - The class action is on behalf of investors who purchased securities between July 26, 2024, and July 24, 2025, with a deadline to file a lead plaintiff motion by October 13, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Charter Communications - The lawsuit claims that Charter failed to disclose the material impact of the Affordable Connectivity Program's termination, which negatively affected Internet subscriber growth and revenue [3]. - It is alleged that Charter did not implement operational strategies to mitigate the adverse effects of the ACP's termination, leading to greater risks to its business plans and earnings growth than previously disclosed [3]. - The company reported an EBITDA of $5.7 billion for Q2 2025, reflecting only 0.5% growth, alongside a loss of 117,000 Internet customers, which included about 50,000 disconnects related to the ACP's termination [4]. Group 3: Market Reaction - Following the announcement of its Q2 2025 results, Charter Communications' stock price dropped by more than 18%, indicating significant investor concern and injury [4].
Charter Communications, Inc. (CHTR) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-09-30 16:00
Core Viewpoint - Investors with losses in Charter Communications, Inc. have the opportunity to lead a securities fraud class action lawsuit against the company due to alleged misleading statements regarding its business operations and customer declines [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that between July 26, 2024, and July 24, 2025, Charter failed to disclose several material facts, including: 1. The impact of the end of the ACP (Affordable Connectivity Program) was a significant event that the company could not manage effectively [2]. 2. The end of the ACP was contributing to ongoing declines in Internet customers and revenue [2]. 3. The company was not executing broader operations to compensate for the impact of the ACP ending [2]. 4. The declines in Internet customers and the failure of Charter's execution strategy posed greater risks to business plans and earnings growth than reported [2]. 5. The company had no reasonable basis for claiming successful operations or managing customer declines, leading to overly optimistic statements about its long-term trajectory and EBITDA growth [2]. 6. Consequently, the positive statements made by the defendants regarding the company's business and prospects were materially misleading [2]. Participation Information - Investors wishing to participate in the class action must act before October 14, 2025, which is the lead plaintiff deadline [2]. - Interested parties can contact Glancy Prongay & Murray LLP for more information regarding their rights and interests in this matter [3][4].
Charter Communications, Inc. (NASDAQ:CHTR) Faces Securities Fraud Class Action after 18% Stock Drop -- Contact BFA Law before October 14 Deadline
Globenewswire· 2025-09-30 12:38
Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and revenue [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, and investors have until October 14, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Charter investors [2]. Group 2: Company Background - Charter is a major player in the broadband and cable industry, having participated in the FCC's Affordable Connectivity Program, which subsidized internet plans for low-income households [3]. - The Affordable Connectivity Program ended in June 2024 due to a lack of federal funding, leading to a decline in Charter's customer base [3]. Group 3: Financial Impact - Following the termination of the Affordable Connectivity Program, Charter claimed to have managed the transition successfully; however, the company continued to experience customer and revenue declines, contradicting its public statements [4]. - In Q2 2025, Charter reported a decrease of 117,000 total internet customers, with approximately 50,000 disconnects attributed to the end of the program, nearly double the disconnects from the previous quarter [5]. - The announcement of these results led to a significant stock price drop of $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025 [5].
CHARTER CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of Charter Communications to Contact the Firm Before October 24th
Globenewswire· 2025-09-29 21:47
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for allegedly making false or misleading statements regarding its business operations and the impact of the Federal Communications Commission's Affordable Connectivity Program ending [7]. Allegation Details - The lawsuit claims that Charter failed to disclose the material impact of the Affordable Connectivity Program's end, which led to a decline in Internet customers and revenue [7]. - It is alleged that Charter did not manage the consequences of the ACP ending effectively and that its operational strategies were insufficient to mitigate the resulting risks [7]. - The lawsuit highlights that Charter's optimistic statements about its operational execution and earnings growth lacked a reasonable basis [7]. Financial Impact - On July 25, 2025, Charter reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a growth of only 0.5% [7]. - The company experienced a decline of 117,000 Internet customers, which included approximately 50,000 disconnects related to the ACP's end [7]. - Following the announcement of these results, Charter's stock price fell by more than 18% [7].
CHARTER COMMUNICATIONS, INC. (NASDAQ: CHTR) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Charter Communications, Inc. Investors of Upcoming Deadline
Globenewswire· 2025-09-29 13:28
Core Viewpoint - A securities fraud class action lawsuit has been filed against Charter Communications, Inc. for alleged misrepresentations regarding its operations, business, and finances, affecting investors who acquired securities between July 26, 2024, and July 24, 2025 [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of investors who purchased or acquired Charter securities during the specified period [3]. - Allegations include violations of the Securities Exchange Act of 1934 against Charter and certain senior officers [3]. - Investors wishing to serve as lead plaintiff must file by October 14, 2025, although participation in any recovery does not require serving as lead plaintiff [4]. Group 2: Legal Representation - Bernstein Liebhard LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [5]. - The firm has a strong track record, having recovered over $3.5 billion for clients since 1993 and representing large public and private pension funds [6].
Class Action Filed Against Charter Communications, Inc. (CHTR) - October 14, 2025 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-09-29 12:45
Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. (NASDAQ: CHTR) alleging that the company made materially false and misleading statements regarding its business operations and the impact of the Affordable Connectivity Program (ACP) ending on its internet customer base and revenue [2]. Group 1: Allegations - The lawsuit claims that Charter failed to disclose the significant impact of the ACP end, which contributed to internet customer declines and revenue losses [2]. - It is alleged that the company did not execute broader operations effectively to mitigate the adverse effects of the ACP ending [2]. - The complaint states that Charter's internet customer declines and execution failures posed greater risks to its business plans and earnings growth than previously reported [2]. - As a result, the company allegedly lacked a reasonable basis for its positive statements regarding its operations and long-term growth trajectory [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 26, 2024, to July 24, 2025, during which shareholders who purchased Charter securities may be eligible to participate [1]. - Shareholders are encouraged to register for the class action by October 14, 2025, to be considered for lead plaintiff status and to receive updates on the case [3]. - The Gross Law Firm, which is leading the class action, emphasizes its commitment to protecting investors' rights against deceitful business practices [4].