Altice USA, Inc. ($ATUS) Stock Forecast: Down 5.0% Today

What is Altice USA, Inc.?

Altice USA Inc. (ATUS) Market: Altice USA Inc. (ATUS) is a leading communications and media company, providing residential and business services. The market for ATUS today experienced a strong bearish movement.

Why is Altice USA, Inc. going down?

ATUS stock is down 5.0% on Nov 8, 2024 18:56

• ATUS reported a wider-than-expected loss in Q3, with revenues declining year over year, indicating a challenging operating environment.
• The missed revenue estimates by ATUS further added to the negative sentiment surrounding the stock, leading to the bearish movement.
• The softness in demand across several segments, coupled with macroeconomic headwinds, likely contributed to the disappointing performance of ATUS in the market today.
• Investors may be concerned about the future outlook of ATUS given the significant earnings and revenue misses, prompting the bearish trend in the stock price.

ATUS Price Chart

ATUS Technical Analysis

ATUS News

Altice's Q3 Loss Wider Than Expected, Revenues Decline Y/Y

ATUS reports top-line contraction year over year owing to demand softness in several segments amid macroeconomic headwinds.

https://www.zacks.com/stock/news/2364408/altices-q3-loss-wider-than-expected-revenues-decline-yy

Altice USA, Inc. ( ATUS ) Reports Q3 Loss, Misses Revenue Estimates

Altice USA (ATUS) delivered earnings and revenue surprises of -550% and 0.54%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2363864/altice-usa-inc-atus-reports-q3-loss-misses-revenue-estimates

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Altice USA, Inc. Price History

25.08.2024 - ATUS Stock was up 11.0%

• Altice USA Inc. (ATUS) saw a significant bullish movement today, possibly driven by positive market sentiment and strong buying interest.
• The news about AudioCodes (AUDC) experiencing a jump in stock price might have contributed to the overall positive market sentiment, leading to increased investor confidence.
• The bullish movement in ATUS could also be a result of broader market trends or sector-specific developments that favored the company's growth prospects.
• Investors may have reacted positively to the news, anticipating potential opportunities for Altice USA Inc. (ATUS) to capitalize on the current market conditions and drive further growth in the near future.

08.10.2024 - ATUS Stock was down 5.0%

• ATUS reported a wider-than-expected loss in Q3, with revenues declining year over year, indicating a challenging operating environment.
• The missed revenue estimates by ATUS further added to the negative sentiment surrounding the stock, leading to the bearish movement.
• The softness in demand across several segments, coupled with macroeconomic headwinds, likely contributed to the disappointing performance of ATUS in the market today.
• Investors may be concerned about the future outlook of ATUS given the significant earnings and revenue misses, prompting the bearish trend in the stock price.

28.07.2024 - ATUS Stock was down 5.1%

• The bearish movement in Altice USA's stock today could be attributed to profit-taking by investors after recent bullish runs.
• The upcoming presentations at prestigious conferences may have raised concerns or uncertainties among investors about the company's future outlook.
• Investors might be reacting to the lack of significant announcements or updates, leading to a sell-off in the stock.
• The absence of any major positive catalysts could have contributed to the downward pressure on Altice USA's stock price.

09.09.2024 - ATUS Stock was up 5.2%

• Despite recent difficulties, Altice USA (ATUS) saw a significant upward trend in the market today.
• This market movement may be linked to encouraging earnings prospects or strategic operational choices.
• Investors seem hopeful about ATUS's capacity to address competition and handle its debt load efficiently, which has contributed to the positive market performance.

31.09.2024 - ATUS Stock was down 5.2%

• The market expected ATUS to beat earnings estimates.
• Despite the positive expectations, the stock saw a strong bearish movement.
• This unexpected drop in stock price could be attributed to factors beyond earnings, such as overall market sentiment or external economic factors.

05.10.2024 - ATUS Stock was down 5.1%

• ATUS stock saw significant downward movement today.
• The company had a loss in Q3 and did not meet revenue expectations.
• The unsatisfactory financial results probably influenced the market's negative trend.
• Investors may be anxious about the company's upcoming performance given this data.

25.06.2024 - ATUS Stock was down 5.1%

• ATUS stock showed significant bearish activity due to investor speculation of a decrease in Q2 earnings.
• Anticipation of lower earnings possibly triggered a sell-off of ATUS shares, leading to the bearish market performance.
• Lack of positive signs for a potential earnings surpass could have caused investors to react unfavorably, influencing the downward trajectory of ATUS stock.

01.07.2024 - ATUS Stock was up 6.3%

• Altice USA (ATUS) reported strong second-quarter results with growth in fiber customer net adds and mobile line net adds, indicating positive trends in customer experience and network operations.
• Despite expectations of a decline in Q2 earnings, the market responded positively to the company's strategic roadmap to deliver more value to customers, as evidenced by the bullish movement in the stock.
• The recognition received by Altice USA for its network quality rankings further boosted investor confidence in the company's growth prospects, contributing to the bullish market movement.

01.07.2024 - ATUS Stock was up 7.9%

• Despite Q2 earnings and revenues lagging estimates, Altice USA (ATUS) experienced a strong bullish movement.
• The positive trends in fiber customer net adds and mobile line net adds, along with improvements in customer experience and network operations, likely contributed to investor optimism.
• The company's roadmap to deliver more value to customers and recognition for network quality rankings may have boosted confidence in Altice USA's future growth potential.
• Investors may be focusing more on the long-term strategic initiatives and positive operational developments rather than short-term financial metrics.

02.07.2024 - ATUS Stock was down 5.3%

• ATUS stock was downgraded by UBS due to heightened competition in fixed wireless and fiber, resulting in diminished confidence in the company's future prospects.
• Q2 earnings for Altice USA were lower than anticipated by Wall Street, falling short on revenue, EPS, free cash flow, and adjusted EBITDA, leading to disappointment among investors.
• Internet revenue for the company also missed expectations, indicating potential obstacles in a critical revenue-generating sector.
• The substantial decrease in Altice USA's stock price today can be attributed to the underwhelming quarterly results and worries about competitive pressures.

13.07.2024 - ATUS Stock was up 6.1%

• Despite hitting a 52-week low recently, Altice USA stock saw a strong bullish movement today.
• Market challenges could have prompted investors to reevaluate the stock, leading to increased buying interest.
• The bullish movement may indicate perceived potential for recovery or positive developments in the company's future performance.
• This unexpected bullish movement might be a result of short-term market dynamics or speculative trading activity.

14.07.2024 - ATUS Stock was down 5.3%

• Altice USA stock hit a 52-week low at $1.53, indicating significant downward pressure on the stock.
• A prominent investment firm, exited its position in Altice USA, which might have contributed to the negative sentiment surrounding the stock.
• Market challenges in the telecommunications sector could be impacting Altice USA's performance, leading to the bearish movement in the stock price.
• The combination of the firm's exit and the overall market challenges could have intensified selling pressure on Altice USA, driving the stock to new lows.