Array Digital Infrastructure reported a strong second quarter in 2026, with site rental revenues up 95% year-over-year and net income surging to $333.8 million from $14.8 million a year earlier. The company successfully monetized spectrum assets, generating over $1.1 billion in proceeds from recent sales, and issued a special dividend of $11 per share. Array updated its 2026 guidance, raising revenue estimates to $205-$215 million and adjusted EBITDA to $220-$235 million, reflecting improved site revenue. The company continues to focus on optimizing tower operations and closing pending spectrum sales, while monitoring the bankruptcy of DISH Wireless, a former tenant. A potential acquisition proposal from TDS is also under review by Array's board.
Intel recently sold $20 billion worth of its stock at $95 per share. Since the sale, the stock price has dropped and is now trading below $93. This decline means investors who bought at the offering price are facing immediate losses. The price moveme...
Masayoshi Son holds 67% of SoftBank's U.S. stock portfolio in Intel shares. Despite this large stake, SoftBank did not purchase any additional Intel shares in the last quarter. This suggests a pause or cautious approach in expanding their investment ...
Joseph Devivo, CEO of Butterfly Network, sold 68,346 shares of the company. Insider sales like this can indicate personal financial decisions or strategic moves regarding the company's stock. Investors often watch such transactions closely as they ma...
Chip stocks declined this week not because of any industry-specific news but due to the 30-year Treasury yield reaching its highest level in 19 years. Rising long-term yields often pressure growth stocks like chipmakers, as higher rates increase borr...
Scotts Miracle-Gro disclosed a 6% drop in quarterly sales and a 25% cut in its fiscal year EBITDA forecast, along with a $20 million write-down of excess pandemic inventory. Following this, its share price fell 19% in one day. The company and some ex...
