SBAC SBA Communications Corporation featured news, full reports, and detailed charts
SBA Communications Corporation (SBAC) Wrap Up:
We are a leading independent owner and operator of wireless communications towers in 47 of the 48 contiguous United States, Puerto Rico, and the U.S. Virgin Islands. Our principal business line is our site leasing business, which contributed 95.5% of our segment operating profit for the year ended December 31, 2007. In our site leasing business, we lease antenna space to wireless service providers on towers and other structures that we own, manage or lease from others. The towers that we own have been constructed by us at the request of a wireless service provider, constructed based on our own initiative or acquired. As of December 31, 2007, we owned 6,220 towers, the substantial majority of which have been built by us or built by other tower owners or operators who, like us, have built such towers to lease space to wireless service providers. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f28%2f0001193125-08-040304.html#FIS_BUSINESS"www.sbasite.com
627 Employees
Founded in 1989
SBA Communications Corp. (SBAC:NASDAQ)
LAST $31.73 USD
CHANGE TODAY +0.03 0.09%
VOLUME 1.1M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of SBA Communications Corp. (SBAC)
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OPEN
$31.36
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PREVIOUS CLOSE
$31.70
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DAY HIGH
$31.76
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DAY LOW
$31.15
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52 WEEK HIGH
11/17/09 - $32.59
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52 WEEK LOW
11/21/08 - $9.49
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MARKET CAP
3.7B
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AVERAGE VOLUME 3 mo
1.5M
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DILUTED EPS TTM
$-0.81
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SHARES OUTSTANDING
116.9M
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SBAC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
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SBAC Top Compensated Officers
Mr. Jeffrey A. Stoops
Chief Executive Officer, President and Direct...
Age: 50
Total Annual Compensation: $490.0K
Mr. Steven E. Bernstein
Founder and Chairman
Age: 48
Total Annual Compensation: $40.0K
Mr. Brendan T. Cavanagh CPA
Chief Financial Officer and Senior Vice Presi...
Age: 37
Total Annual Compensation: $190.0K
Mr. Kurt L. Bagwell
Chief Operating Officer and Senior Vice Presi...
Age: 44
Total Annual Compensation: $300.0K
Mr. Thomas P. Hunt
Chief Administrative Officer, Senior Vice Pre...
Age: 51
Total Annual Compensation: $300.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for SBA Communications Corp. (SBAC)
SBA Communications Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2009 and 2010
10/29/2009
SBA Communications Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenues of $139,289,000 compared to $118,656,000 for the same period a year ago. Operating income was $14,952,000 compared to $11,427,000 for the same period a year ago. Interest income was $334,000 compared to $1,847,000 for the same period a year ago. Loss from operations before provision for income taxes were $50,171,000 compared to $27,224,000 for the same period a year ago. Net loss attributable to the company was $50,109,000 compared to $27,648,000 for the same period a year ago. Basic and diluted loss per common share was $0.43 compared to $0.26 for the same period a year ago. Net cash provided by operating activities were $62,355,000 compared to $53,998,000 for the same period a year ago. Capital expenditures were $12,473,000 compared to $9,948,000 for the same period a year ago. Adjusted EBITDA in the third quarter was $85.0 million, compared to $66.9 million in the year earlier period, a 27.0% increase. For the nine months, the company reported total revenues of $410,533,000 compared to $340,525,000 for the same period a year ago. Operating income was $42,898,000 compared to $34,054,000 for the same period a year ago. Interest income was $917,000 compared to $5,574,000 for the same period a year ago. Loss from operations before provision for income taxes were $97,019,000 compared to $72,425,000 for the same period a year ago. Net loss attributable to the company was $97,361,000 compared to $73,117,000 for the same period a year ago. Basic and diluted loss per common share was $0.83 compared to $0.68 for the same period a year ago. Net Debt was $2,485,594,000. The company provided earnings guidance for the fourth quarter and full year of 2009 and 2010. For the fourth quarter, the company expects total revenues in the range of $139.5 to $143.5, adjusted EBITDA in the range of $86.0 to $88.0. For the full year of 2009, the company expects total revenues in the range of $550.1 to $554.1, adjusted EBITDA in the range of $336.0 to $338.0. For the full year of 2010, the company expects total revenues in the range of $587.0 to $622.0, adjusted EBITDA in the range of $367.0 to $385.0.
SBA Communications Corp. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
10/29/2009
SBA Communications Corp. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
SBA Communications Corp. Announces Appointment of Kevin Beebe to the Board of Directors, Effective October 28, 2009
10/14/2009
SBA Communications Corp. announced that the appointment of Kevin L. Beebe to SBA's Board of Directors effective October 28, 2009. Mr. Beebe currently serves as the President and Chief Executive Officer of 2BPartners, LLC, a partnership that provides strategic, financial and operational advice to private equity clients, investors and management.
SBAC Competitors
| Company | Last | Change |
| American Tower Corp | $40.64 USD | +0.22 |
| Berliner Communications Inc | $0.60 USD | 0.00 |
| Crown Castle Intl Corp | $37.45 USD | +0.46 |
| General Dynamics Corp | $66.47 USD | +0.09 |
| Kratos Defense & Security Solutions Inc | $10.34 USD | +0.39 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SBAC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 6.8x |
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| Price/Book | 5.8x |
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| Price/Cash Flow | 20.2x |
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| TEV/Sales | 1.7x |
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SBAC |
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SBAC transactions
| Type Date |
Target |
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Buyback
October 29, 2009 |
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More Recent News About SBA Communications Corporation
More news for SBAC
Q3 2009 SBA Communications Earnings Release - After Market Close
Earnings Announcements for Thursday, October 29CompanySymbolTimeConferenceCall3PAR Inc.PARAfter Market CloseListenABBABB01:00 am ETABG SUN COL HLDGASC.OLTime Not SuppliedAccuray IncorporatedARAYAfter Market CloseListenACHENG RELAY000922.SZTime Not SuppliedAcme Packet, Inc.APKTAfter Market CloseListenAcme UnitedACU09:00 am ETListenACS, Actividades de Construcción y Servicios, S.A.ACS.MCAfter Market CloseACTELIOSACT.MI10:00 am ETActuate CorporationACTUAfter Market CloseListenAdaptec, Inc.ADPTTime Not SuppliedListenAdolor CorporationADLRTime Not SuppliedListenADVA Optical NetworkingADV.FTime Not SuppliedListenAetna Inc.AETBefore Market OpenListenAGL ResourcesAGLBefore Market OpenListenAgree Realty...Click here to read the whole Article (external link)
SBA Communications Corporation Reports 3rd Quarter 2009 Results; Provides Updated 2009 and Initial 2010 Outlook; Announces $250 Million Stock Repurchase Program
BOCA RATON, Fla., Oct. 29, 2009 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq:SBAC - News) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2009. Highlights of the results include: -- Third quarter over year earlier period: - Site leasing revenue growth of 19.9% - Tower Cash Flow growth of 22.2% - Net loss increased from $27.6 million to $50.1 million - Adjusted EBITDA growth of 27.0% - Equity Free Cash Flow growth of 17.1% Operating Results Total revenues in the third quarter of 2009 were $139.3 million, compared to $118.7 million in the year earlier period, an increase of 17.4%. Site leasing revenue of $120.6 million was up 19.9% over the year earlier period. Site leasing segment operating profit (as defined below) of $91.9 million was up 21.3% over the year earlier period. Site leasing contributed 97.8% of the Company's total segment operating profit in the third quarter of 2009. Site development revenues were $18.7 million in the third quarter of 2009 compared to $18.2 million in the year earlier period, a 3.2% increase. Site development segment operating profit margin was 11.2% in the third quarter of 2009, compared to 4.8% in the year earlier period. Tower Cash Flow (as defined below) for the third quarter of 2009, was $93.6 million, a 22.2% increase over the year earlier period. Tower Cash Flow margin for the third quarter of 2009 was 78.6%, compared to 77.7% in the year earlier per...Click here to read the whole Article (external link)
SBA Communications loses $50M in Q3
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | ...Click here to read the whole Article (external link)
Stifel Nicolaus Expert Analyst Sees Low Growth In US Wireless Businesses, Current Picks Are In Latin America And Other International Markets
67 WALL STREET, New York - November 3, 2009 - The Wall Street Transcript has just published its Telecommunications Services & Equipment Report offering a timely review of the sector to serious investors and industry executives. This 20 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Telecom Carriers VS. Telecom Equipment Vendors - Increased Competition Hurts Profitability Among Telecom Carriers - Net Neutrality Battle - New Telecom Players Apple & Google - High-Growth Opportunity In Latin American Market - Rural Local Exchange Carriers - Fierce Wireless Competition - Significant Deceleration In Wireless Subscriber Growth - Upgrade To 4G - Secular Decline In RLEC Sector - Regulatory Environment - Unlimited Pay-In-Advance Segment Is Fastest-Growing In Wireless Companies include: Ciena Corporation (CIEN); AT&T (T); Alcatel (ALU); Apple (AAPL); CenturyLink (CTL); Clearwire (RLWR); Comcast (CMCSK); Consolidated Communications (CNSL); ERF Wireless (ERFW.OB); Frontier Communications (FTR); Google (GOOG); Intel (INTC); Iowa Telecom (IWA); Knology (KNOL); Leap Wireless (LEAP); Liberty Global (LBTYA); MetroPCS (PCS); Millicom (MICC); NII Holdings (NIHD); Nortel (NTL); Sprint (S); T-Mobile (DT); Telefonica (TEF); Tellabs (TLAB); Time Warner Cable (TWC); Time Warner Cable (TWX); TracFone (AMX); Verizon (VZ); Wal-Mart (WMT); Windstream (WIN). In the following brief excerpt from the just one of the...Click here to read the whole Article (external link)
SBA COMMUNICATIONS CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial St
Show all filings for SBA COMMUNICATIONS CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SBA COMMUNICATIONS CORP 30-Oct-2009Results of Operations and Financial Condition, Other Events, Financial St Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informat...Click here to read the whole Article (external link)
SBA COMMUNICATIONS CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue139,289 136,194 135,050 134,429 Cost of Revenue45,288 43,873 44,538 46,561 Gross Profit94,001 92,321 90,512 87,868 Operating ExpensesResearch Development - - - - Selling General and Administrative13,204 13,161 12,075 13,305 Non Recurring899 1,313 434 921 Others64,946 64,251 63,653 62,114 Total Operating Expenses - - - - Operating Income or Loss14,952 13,596 14,350 11,528 Income from Continuing OperationsTotal Other Income/Expenses Net(12,064)2,632 6,249 33,939 Earnings Before Interest And Taxes(5,103)16,228 20,599 45,467 Interest Expense45,068 45,428 38,247 42,438 Income Before Tax(50,171)(29,200)(17,648)3,029 Income Tax Expense18 230 242 345 Minority Interest - - - - Net Income From Continuing Ops(54,230)(29,430)(17,890)2,684 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - ...Click here to read the whole Article (external link)
SBA COMMUNICATIONS CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS We are a leading independent owner and operator of wireless communications towers. Our principal operations are in the United States, Puerto Rico, the U.S. Virgin Islands and Canada. Our primary business line is our site leasing business, which contributed 97.8% of our segment operating profit for the three months ended September 30, 2009. In our site leasing business, we lease antenna space to wireless service providers on towers and other structures that we own, manage or lease from others. The towers that we own have been constructed by us at the request of a wireless service provider, constructed based on our own initiative or acquired. As of September 30, 2009, we owned 8,085 towers, the substantial majority of which have been built by us or built by other tower owners or operators who, like us, have built such towers to lease space to wireless service providers. We also own six distributed antenna system ("DAS") networks and manage or lease approximately 5,200 actual or potential communications sites, approximately 550 of which were revenue producing as of September 30, 2009. Our other business line is our site development business, through which we assist wireless service providers with developing and maintaining their own wireless service networks. Site Leasing Services Our primary focus is the leasing of antenna space on our multi-tenant towers to a variety of wireless service providers under long-term lease contracts. Site leasing revenues are received primarily from wireless service provider tenants, including AT&T, Sprint, T-Mobile and Verizon Wireless. Wireless service providers enter into numerous different tenant leases with us, each of which relates to the lease or use of space at an individual tower site. Tenant leases are generally for an initial term of five years renewable for five five-year renewal periods at the option of the tenant. Thes...Click here to read the whole Article (external link)
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