Altice USA, Inc (NYSE:ATUS) stock is trading lower Monday amid reports of the company discussing selling the financial news streaming. The market for Altice USA, Inc.'s ( NYSE:ATUS ) shares didn't move much after it posted weak earnings recently. Altice USA Inc (NYSE:ATUS) has experienced a significant fluctuation in its stock price over recent months. Value-focused investors are always on the hunt for stocks that are priced below their intrinsic value.
Altice USA (NYSE: ATUS) today reports results for the first quarter ended March 31, 2024. Dennis Mathew, Altice USA Chairman and Chief, discusses the company's performance and future prospects. Altice USA says the cash infusion will fund ongoing and new growth initiatives at Lightpath as well as improve operational performance. Altice USA (NYSE: ATUS) also reports results for the fourth quarter and full year ended December 31, 2022. Dennis Mathew, Altice USA Chief, provides insights into the financial health of the company.
Altice USA (NYSE: ATUS) announces it has agreed to sell 49.99% of its Lightpath fiber enterprise business to Morgan Stanley. This strategic move aims to enhance the company's financial position and unlock value for shareholders. While Altice USA Inc has overperformed by 0.41%, investors are advised to look at stock chart patterns for technical insight.