Friday, May 13, 2022

Infrastructure Business Strength Not Reflected in Stock Prices

By John Celentano, Inside Towers Business Editor

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To look at recent stock prices of infrastructure companies – towers, fiber, data centers – one might think that these companies are badly underperforming. On the contrary, the leading infrastructure companies and their mobile network operator customers reported solid financial gains for 1Q22 and even raised their full-year 2022 guidance of key operating metrics.

The chart compares our proprietary Wireless Infrastructure Value Index to the NASDAQ composite index over a 52-week period dating back to May 7, 2021. The Value Index comprises 12 leading infrastructure companies: three tower companies (American Tower, Crown Castle, SBA Communications), five data center companies (Equinix, Digital Realty Trust, Iron Mountain, Switch, Cyxtera Technologies), two fiber companies (Lumen Technologies, Uniti Group) and two diversified infrastructure companies (Brookfield Infrastructure Partners, DigitalBridge Group). Continue Reading

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