Crown Castle Posts Strong 4Q and Raises Top-Line Outlook for 2018; Raising FVE to $100
Crown Castle posted robust results in the fourth quarter with top-line strength, thanks to strong growth in fiber solutions and traditional tower leasing. Management raised its revenue outlook for 2018 on increasing network investments in 2018 by carriers. Management also articulated its growth strategy to become a facility-based communication provider on tower, small-cell, and fiber assets. As we bake in higher revenue growth and EBITDA estimates, we are raising our fair value estimate to $100 ...Crown Castle International is a holding company. Through its subsidiaries, the company owns, operates and leases shared communications infrastructure that is geographically dispersed throughout the U.S., including towers and other structures, such as rooftops (collectively, towers), and fiber primarily supporting small cell networks (small cells) and fiber solutions. The company's towers, fiber and small cells assets are collectively referred to herein as communications infrastructure. The company's core business is providing access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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