A Director at SBA Comms is Exercising Options

By Carrie Williams

On November 13, a Director at SBA Comms, George Krouse, exercised options of SBA Comms for $338.9K.

Following George Krouse’s last SBAC Sell transaction on August 07, 2017, the stock climbed by 26.0%.

Based on SBA Comms’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $434 million and quarterly net profit of $49.16 million. In comparison, last year the company earned revenue of $411 million and had a GAAP net loss of $15.37 million. The company has a one-year high of $170.82 and a one-year low of $95.76. SBAC’s market cap is $19.6B and the company has a P/E ratio of 197.06.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $166.88, reflecting a -0.8% downside.

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SBA Communications Corp. is a real estate investment trust. which engages in the provision, ownership, and provision of wireless communications infrastructures. It operates through the Domestic Site Leasing; and International Site Leasing segments. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless.