ABVTZ AboveNet Inc featured news, full reports, and detailed charts
AboveNet Inc (ABVTZ/ABVTZ.PK) Wrap Up:
AboveNet, Inc., together with its subsidiaries, provides bandwidth, fiber optic communications infrastructure, and co-location services to communications carriers, and corporate and government customers, primarily in the United States and the United Kingdom. Its services include leasing and maintenance of dark fiber networks; provisioning of network co-location and in-building interconnection services; bandwidth metro transport services, including point-to-point Ethernet connectivity and multi-node wavelength-division multiplexing; and wave services, Metro Ethernet services, long haul services, Internet connectivity solutions, and Internet protocol (IP) virtual private network services. The company offers private optical network for electronic commerce and other services, such as business Internet applications, regulatory compliance, disaster recovery, and business continuity. Its communications infrastructure and IP networks are used by various companies, such as commercial banks, brokerage houses, insurance companies, investment banks, media companies, social networking companies, Web-centric companies, law firms, and medical and health care institutions. The company was formerly known as Metromedia Fiber Network, Inc. and changed its name to AboveNet, Inc. in August 2003. AboveNet was founded in 1993 and is based in White Plains, New York with an additional office in London, the United Kingdom.AboveNet Inc (ABVTZ:OTC)
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Market Cap
1.3B
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Total Revenue
355.6M
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EBITDA
146.6M
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DILUTED EPS TTM
3.67
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P/E
14.6x
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P/S
3.5x
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Return On Asset
10.94
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Return On Equity
28.45
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| K = Thousands M = Millions B = Billions | ||
ABVTZ Top Compensated Officers
Executives, Board Directors
Key developments for AboveNet Inc (ABVTZ)
Abovenet Inc. - Conference Presentation Calls
Abovenet Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, revenue was $92.4 million, an increase of 12.5% over the $82.1 million reported for the third quarter of 2008. Operating income was $24.7 million for the third quarter of 2009, compared to $14.9 million for the third quarter of 2008, reflecting an increase of $9.8 million. Net income for the third quarter of 2009 was $22.7 million, or $0.88 per diluted share, compared to $10.4 million, or $0.42 per diluted share, for the third quarter of 2008. Adjusted EBITDA for the third quarter of 2009 was $40.7 million, compared to $28.8 million for the third quarter of 2008. Income before income taxes was $22.9 million compared to $12.3 million for the same period a year ago. For the nine months ended September 30, 2009, the company reported revenue was $265.8 million, an increase of 15.5% over the $230.1 million reported for the nine months ended September 30, 2008. Operating income was $71.4 million for the nine months ended September 30, 2009, compared to $29.8 million for the nine months ended September 30, 2008, an increase of $41.6 million. Net income for the nine months ended September 30, 2009 was $74.7 million, or $2.96 per diluted share, compared to $25.0 million, or $1.02 per diluted share, for the prior year period. Adjusted EBITDA for the first nine months of 2009 was $117.4 million, compared to $76.4 million for the first nine months of 2008. Cash provided by operating activities was $105.0 million for the nine months ended September 30, 2009, compared to $76.4 million during the same period in 2008. Cash used for capital expenditures was $80.0 million for the nine months ended September 30, 2009, compared to $82.9 million during the comparable period in 2008. Income before income taxes was $70 million compared to $28 million for the same period a year ago. The company raised its outlook for revenue for 2009 to a range of $355 million to $360 million. Adjusted EBITDA margin for 2009 is expected to be roughly in line with the actual adjusted EBITDA margin for the first nine months of 2009 of 44.2%. Cash used for capital expenditures for 2009 is expected to be between $110 million and $120 million. Management reiterated that it expects Adjusted EBITDA to exceed cash used for capital expenditures in 2009.
Abovenet Inc., Q3 2009 Earnings Call, Nov-05 2009
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| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ABVTZ | Industry Range |
| Price/Earnings | 14.6x |
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| Price/Sales | 3.5x |
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| Price/Book | 3.4x |
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| Price/Cash Flow | 9.2x |
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| TEV/Sales | 3.2x |
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ABVTZ transactions
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| No transactions in the last 6 months. | ||