Latest news with #Altice
Business Wire
3 days ago
- Business
- Business Wire
ALTICE USA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Altice USA, Inc.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--The law firm of Kahn Swick & Foti, LLC ('KSF') has commenced an investigation into Altice USA, Inc. (NYSE: ATUS) ('Altice'). KSF is investigating whether Altice's officers and/or directors breached their fiduciary duties or otherwise violated state or federal laws. If you hold shares of Altice (NYSE: ATUS), we urge you to contact KSF to discuss your legal rights, without obligation or cost to you, by calling KSF toll-free at 1-833-938-0905, or by e-mailing KSF Managing Partner, Lewis Kahn, ( or visit to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services To learn more about KSF, you may visit
Yahoo
12-07-2025
- Business
- Yahoo
Marqeta, Coursera, Camping World, Altice, and Lemonade Shares Are Falling, What You Need To Know
A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Payments Software company Marqeta (NASDAQ:MQ) fell 4.6%. Is now the time to buy Marqeta? Access our full analysis report here, it's free. Consumer Subscription company Coursera (NYSE:COUR) fell 3.9%. Is now the time to buy Coursera? Access our full analysis report here, it's free. Vehicle Retailer company Camping World (NYSE:CWH) fell 3%. Is now the time to buy Camping World? Access our full analysis report here, it's free. Wireless, Cable and Satellite company Altice (NYSE:ATUS) fell 3.4%. Is now the time to buy Altice? Access our full analysis report here, it's free. Property & Casualty Insurance company Lemonade (NYSE:LMND) fell 4.9%. Is now the time to buy Lemonade? Access our full analysis report here, it's free. Lemonade's shares are extremely volatile and have had 61 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Lemonade is up 4.9% since the beginning of the year, but at $38.18 per share, it is still trading 26.3% below its 52-week high of $51.81 from November 2024. Investors who bought $1,000 worth of Lemonade's shares 5 years ago would now be looking at an investment worth $486.37. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Why Altice (ATUS) Stock Is Up Today
Shares of telecommunications and cable services provider Altice USA (NYSE:ATUS) jumped 4.3% in the morning session after its Lightpath unit announced plans to sell as much as $2.8 billion of asset-backed securities. The securities would be backed by fiber networks, including infrastructure like conduit and fiber optic cables, as well as customer agreements, according to a filing with the New York Public Service Commission. This move is seen as a way for the parent company, Altice USA, to manage its significant debt load, which includes $7.2 billion due in 2027 and another $5.4 billion the following year. The company has been exploring ways to restructure its roughly $25.3 billion debt pile. This asset-backed sale could provide a much-needed infusion of capital to address these upcoming maturities and improve the company's financial flexibility. Is now the time to buy Altice? Access our full analysis report here, it's free. Altice's shares are extremely volatile and have had 43 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Altice is up 14.8% since the beginning of the year, but at $2.72 per share, it is still trading 12.5% below its 52-week high of $3.11 from January 2025. Investors who bought $1,000 worth of Altice's shares 5 years ago would now be looking at an investment worth $117.14. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
3 Reasons ATUS is Risky and 1 Stock to Buy Instead
Over the past six months, Altice's shares (currently trading at $2.22) have posted a disappointing 14% loss while the S&P 500 was flat. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation. Is now the time to buy Altice, or should you be careful about including it in your portfolio? Check out our in-depth research report to see what our analysts have to say, it's free. Even though the stock has become cheaper, we're sitting this one out for now. Here are three reasons why ATUS doesn't excite us and a stock we'd rather own. Revenue growth can be broken down into changes in price and volume (for companies like Altice, our preferred volume metric is broadband subscribers). While both are important, the latter is the most critical to analyze because prices have a ceiling. Altice's broadband subscribers came in at 3.96 million in the latest quarter, and over the last two years, averaged 3.2% year-on-year declines. This performance was underwhelming and implies there may be increasing competition or market saturation. It also suggests Altice might have to lower prices or invest in product improvements to grow, factors that can hinder near-term profitability. Analyzing the long-term change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions. Sadly for Altice, its EPS declined by 27.4% annually over the last five years, more than its revenue. This tells us the company struggled because its fixed cost base made it difficult to adjust to shrinking demand. As long-term investors, the risk we care about most is the permanent loss of capital, which can happen when a company goes bankrupt or raises money from a disadvantaged position. This is separate from short-term stock price volatility, something we are much less bothered by. Altice burned through $82.82 million of cash over the last year, and its $25.3 billion of debt exceeds the $279.1 million of cash on its balance sheet. This is a deal breaker for us because indebted loss-making companies spell trouble. Unless the Altice's fundamentals change quickly, it might find itself in a position where it must raise capital from investors to continue operating. Whether that would be favorable is unclear because dilution is a headwind for shareholder returns. We remain cautious of Altice until it generates consistent free cash flow or any of its announced financing plans materialize on its balance sheet. Altice doesn't pass our quality test. Following the recent decline, the stock trades at 0.3× forward EV-to-EBITDA (or $2.22 per share). This valuation is reasonable, but the company's shaky fundamentals present too much downside risk. There are superior stocks to buy right now. We'd suggest looking at our favorite semiconductor picks and shovels play. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Bloomberg
23-05-2025
- Business
- Bloomberg
Billionaire Drahi Knows the Art of the Deal
Patrick Drahi is on a roll. The billionaire telecoms entrepreneur struck a deal to cut borrowings at Altice France SA in February, lifting the cornerstone of his business empire out of negative equity. Now he's considering cashing in the company's main asset — France's SFR mobile-phone network.
