ATN International (ATNI)
Market Price (7/10/2026): $23.71 | Market Cap: $362.4 MilSector: Communication Services | Industry: Integrated Telecommunication Services
ATN International (ATNI)
Market Price (7/10/2026): $23.71Market Cap: $362.4 MilSector: Communication ServicesIndustry: Integrated Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% Attractive yieldDividend Yield is 4.5%, FCF Yield is 10% Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure. | Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -97% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 162% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% Key risksATNI key risks include [1] revenue declines from the winding down of critical U.S. Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Attractive yieldDividend Yield is 4.5%, FCF Yield is 10% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure. |
| Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -97% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 162% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% |
| Key risksATNI key risks include [1] revenue declines from the winding down of critical U.S. Show more. |
Qualitative Assessment
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ATN International (ATNI) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. ATN International reported weaker-than-expected financial results for fiscal Q1 2026, missing both earnings per share (EPS) and revenue estimates. The company announced an EPS of -$0.18 on May 7, 2026, which significantly missed analysts' consensus estimate of $0.12 by $0.30, representing a negative surprise of 250%. Quarterly revenue of $182.22 million also fell short of the $183.40 million consensus estimate.
2. The company lowered its full-year 2026 Adjusted EBITDA guidance following the initial closing of a tower portfolio sale. On June 2, 2026, ATN International announced the initial closing of the sale of its Southwestern U.S. towers, generating $268 million in cash. While this transaction provides liquidity, it led to a revised full-year 2026 Adjusted EBITDA outlook, reducing it from the previous range of $190-$200 million to $183-$193 million. This downward revision of projected future earnings from operations likely contributed to investor concern.
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ATN International (ATNI) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. ATN International reported weaker-than-expected financial results for fiscal Q1 2026, missing both earnings per share (EPS) and revenue estimates. The company announced an EPS of -$0.18 on May 7, 2026, which significantly missed analysts' consensus estimate of $0.12 by $0.30, representing a negative surprise of 250%. Quarterly revenue of $182.22 million also fell short of the $183.40 million consensus estimate.
2. The company lowered its full-year 2026 Adjusted EBITDA guidance following the initial closing of a tower portfolio sale. On June 2, 2026, ATN International announced the initial closing of the sale of its Southwestern U.S. towers, generating $268 million in cash. While this transaction provides liquidity, it led to a revised full-year 2026 Adjusted EBITDA outlook, reducing it from the previous range of $190-$200 million to $183-$193 million. This downward revision of projected future earnings from operations likely contributed to investor concern.
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Stock Movement Drivers
Fundamental Drivers
The -12.3% change in ATNI stock from 3/31/2026 to 7/9/2026 was primarily driven by a -12.6% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.93 | 23.61 | -12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 728 | 731 | 0.4% |
| P/S Multiple | 0.6 | 0.5 | -12.6% |
| Shares Outstanding (Mil) | 15 | 15 | -0.2% |
| Cumulative Contribution | -12.3% |
Market Drivers
3/31/2026 to 7/9/2026| Return | Correlation | |
|---|---|---|
| ATNI | -12.3% | |
| Market (SPY) | 15.6% | 16.3% |
| Sector (XLC) | -0.3% | 22.0% |
Fundamental Drivers
The 5.7% change in ATNI stock from 12/31/2025 to 7/9/2026 was primarily driven by a 4.9% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.34 | 23.61 | 5.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 724 | 731 | 0.9% |
| P/S Multiple | 0.5 | 0.5 | 4.9% |
| Shares Outstanding (Mil) | 15 | 15 | -0.2% |
| Cumulative Contribution | 5.7% |
Market Drivers
12/31/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| ATNI | 5.7% | |
| Market (SPY) | 10.5% | 8.1% |
| Sector (XLC) | -5.8% | 12.4% |
Fundamental Drivers
The 52.8% change in ATNI stock from 6/30/2025 to 7/9/2026 was primarily driven by a 52.4% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.45 | 23.61 | 52.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 722 | 731 | 1.3% |
| P/S Multiple | 0.3 | 0.5 | 52.4% |
| Shares Outstanding (Mil) | 15 | 15 | -1.0% |
| Cumulative Contribution | 52.8% |
Market Drivers
6/30/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| ATNI | 52.8% | |
| Market (SPY) | 22.7% | 10.2% |
| Sector (XLC) | 2.8% | 12.2% |
Fundamental Drivers
The -26.4% change in ATNI stock from 6/30/2023 to 7/9/2026 was primarily driven by a -27.8% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.08 | 23.61 | -26.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 739 | 731 | -1.2% |
| P/S Multiple | 0.7 | 0.5 | -27.8% |
| Shares Outstanding (Mil) | 16 | 15 | 3.2% |
| Cumulative Contribution | -26.4% |
Market Drivers
6/30/2023 to 7/9/2026| Return | Correlation | |
|---|---|---|
| ATNI | -26.4% | |
| Market (SPY) | 75.6% | 16.3% |
| Sector (XLC) | 75.2% | 17.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATNI Return | -3% | 15% | -12% | -55% | 44% | 11% | -30% |
| Peers Return | 12% | -43% | 14% | 56% | 19% | -4% | 29% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| ATNI Win Rate | 58% | 50% | 25% | 25% | 50% | 57% | |
| Peers Win Rate | 50% | 29% | 38% | 48% | 56% | 46% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| ATNI Max Drawdown | -27% | -29% | -42% | -57% | -39% | -21% | |
| Peers Max Drawdown | -30% | -51% | -47% | -40% | -37% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LILA, TDS, SHEN, LUMN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)
How Low Can It Go
| Event | ATNI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 46 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.2% | -9.5% |
| % Gain to Breakeven | 30.1% | 10.5% |
| Time to Breakeven | 53 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 33 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.2% | -33.7% |
| % Gain to Breakeven | 59.2% | 50.9% |
| Time to Breakeven | 1 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.8% | -17.9% |
| % Gain to Breakeven | 29.5% | 21.8% |
| Time to Breakeven | 36 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -28.4% | -15.4% |
| % Gain to Breakeven | 39.6% | 18.2% |
| Time to Breakeven | 1099 days | 125 days |
In The Past
ATN International's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
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| Event | ATNI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 46 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.2% | -9.5% |
| % Gain to Breakeven | 30.1% | 10.5% |
| Time to Breakeven | 53 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 33 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.2% | -33.7% |
| % Gain to Breakeven | 59.2% | 50.9% |
| Time to Breakeven | 1 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.8% | -17.9% |
| % Gain to Breakeven | 29.5% | 21.8% |
| Time to Breakeven | 36 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -28.4% | -15.4% |
| % Gain to Breakeven | 39.6% | 18.2% |
| Time to Breakeven | 1099 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -59.3% | -53.4% |
| % Gain to Breakeven | 145.4% | 114.4% |
| Time to Breakeven | 93 days | 1085 days |
In The Past
ATN International's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ATN International (ATNI)
ATN International, Inc. (ATNI) is primarily a telecommunications services provider, operating through two core segments: International Telecom and US Telecom. The company also maintains a smaller Renewable Energy segment, diversifying its business model.
The International Telecom segment offers a full range of fixed data, voice, and video services, as well as mobile and carrier solutions, to retail and business customers. Its primary markets are Bermuda, the Cayman Islands, the US Virgin Islands, and Guyana, where services are offered under brands such as One, GTT+, and Viya. The US Telecom segment focuses on providing carrier services, including wholesale roaming and managed services, alongside fixed and mobile solutions for business and consumer clients. This segment also leases critical network infrastructure, such as towers and transport facilities.
Beyond telecommunications, ATN International's Renewable Energy segment delivers distributed generation solar power solutions to commercial and industrial customers specifically in India. This structure allows ATNI to serve a diverse customer base, from individual consumers to large enterprises, across various geographical regions.
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A regional AT&T or Verizon, but primarily operating in the Caribbean and US Virgin Islands.
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ATN International (ATNI) provides the following major products and services:
- Fixed Telecommunication Services: Provides internet data and traditional voice services for residential and business customers.
- Mobile Telecommunication Services: Offers mobile data, voice, and roaming services to retail and business customers, including sales of handsets and accessories.
- Wholesale & Carrier Services: Delivers wholesale roaming, fixed, mobility, and other carrier services to other telecommunication providers.
- Managed & Private Network Services: Provides tailored telecommunication solutions, managed services, and private network deployment for business and enterprise customers.
- Video Services: Supplies television and other video content services to customers in specific regions.
- Network Infrastructure Leasing & Maintenance: Leases critical network infrastructure like towers and transport facilities, and offers site maintenance services.
- Distributed Solar Power Generation: Provides distributed generation solar power solutions to commercial and industrial customers in India.
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ATN International serves a diverse customer base, including individual consumers, businesses, and other telecommunications carriers. Given the mix of retail operations and business-to-business services, the major customer types can be categorized as follows:
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Retail Consumers and Households: Individuals and families who subscribe to mobile, fixed data, voice, and video services under ATN International's consumer-facing brands such as One, GTT+, and Viya. These services are offered in regions including Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands, and are supported by their network of retail stores.
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Businesses and Enterprises: Commercial and industrial organizations that utilize a range of services from ATN International. This includes fixed, mobility, managed, and private network services in the telecom segments, as well as distributed generation solar power solutions provided to commercial and industrial customers in India through their Renewable Energy segment.
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Other Telecommunications Carriers: Other telecom operators and service providers that leverage ATN International's infrastructure and wholesale offerings. This primarily involves wholesale roaming services and the leasing of critical network infrastructure, such as towers and transport facilities, within the US Telecom segment.
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Brad Martin, Chief Executive Officer
Brad Martin became the CEO of ATN International in January 2024, having previously served as the company's Chief Operating Officer from 2018 to 2023. Prior to joining ATN, Mr. Martin was the Chief Operating Officer for Senet Inc., a "low power wide area" network operator and global service provider. He also held roles as Senior Vice President and Chief Quality Officer with Extreme Networks and Vice President of Engineering Operations and Quality with Siemens Enterprise Communications and Enterasys Networks. Mr. Martin is also a board member for Alaska Communications and One Communications in Bermuda, and Chairman of the Board for GTT+ and Viya.
Carlos Doglioli, Chief Financial Officer and Principal Accounting Officer
Carlos Doglioli joined ATN International in January 2024 and assumed the role of Chief Financial Officer in March 2024, following the retirement of Justin Benincasa. He previously served as Chief Financial Officer of Centennial Towers, a developer, owner, and operator of wireless communication towers in Latin America, since 2014. Mr. Doglioli also held senior finance roles for portfolio companies of Devonshire Investors, the private equity group of Fidelity Investments, including CFO of Backyard Farms and Managing Director of Finance of J. Robert Scott.
Michael T. Prior, Executive Chairman of the Board
Michael T. Prior transitioned to Executive Chairman of ATN International on January 1, 2024, after serving as the company's President and Chief Executive Officer for 18 years. During his tenure as CEO, he was instrumental in transforming ATN through strategic acquisitions and investments, expanding its operating footprint across North America and the Caribbean region.
Mary M. Mabey, Senior Vice President, General Counsel and Secretary
Mary M. Mabey serves as the Senior Vice President, General Counsel, and Secretary for ATN International.
Justin M. Leon, Senior Vice President, Corporate Development
Justin M. Leon holds the position of Senior Vice President, Corporate Development at ATN International.
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ATN International (ATNI) faces several key risks to its business operations and financial performance:
- Business Model Transition and Regulatory Challenges: ATN International is undergoing a complex strategic transition, shifting from older, subsidized revenue streams, particularly in mobility services, towards new fiber-based digital infrastructure and services. The primary risk is that the decline in legacy revenues may outpace the adoption and growth of these new services, potentially impacting overall revenue generation. This transition is further complicated by the necessity of navigating diverse and evolving regulatory landscapes across its various operating jurisdictions.
- Geographical Exposure to Natural Disasters and Geopolitical Risks: A significant portion of ATN International's operations, specifically its International Telecom segment, is located in the Caribbean. This exposes the company to an annual risk of natural disasters, such as hurricanes, which can severely disrupt operations and necessitate costly repairs to its network infrastructure. Operating in these regions also carries exposure to potential geopolitical challenges.
- Financial Performance and High Leverage: The company has experienced significant financial headwinds, reporting net losses in 2024 and early 2025, partly due to factors like goodwill impairment and increased expenses. ATN International also has substantial capital expenditure requirements for its broadband expansion initiatives, which are largely financed through debt. Its high debt-to-equity ratio and low interest coverage ratio indicate significant leverage, which could limit financial flexibility, strain cash returns, and put pressure on its ability to sustain its dividend if profitability does not improve as expected.
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The emergence and expansion of Low Earth Orbit (LEO) satellite internet services, such as Starlink, pose a clear emerging threat. These services offer an alternative broadband internet connection that can bypass traditional fixed and mobile telecommunications infrastructure, directly competing with ATN International's core fixed data and voice, and mobile data services in the markets it serves, particularly in island nations and potentially less densely populated US areas.
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ATN International (ATNI) operates in several telecommunications and renewable energy markets across different regions. The addressable market sizes for its main products and services are detailed below:
International Telecom Segment
- Bermuda: The electronic communications sector in Bermuda generated revenue of $200.2 million in 2024. Broadband subscriptions in Bermuda reached 32,858 in 2024. Mobile connections in Bermuda were 65,200 at the start of 2025. Total revenue from mobile networks in Bermuda was $75.9 million in 2020.
- Cayman Islands: The total combined telecommunications and TV broadcasting turnover in the Cayman Islands was CI$37,330 thousand (approximately USD $44,796 thousand based on CI$1 = USD$1.20) in Q4 2023. There were 130 thousand cellular mobile connections in the Cayman Islands at the end of 2025. Internet users in the Cayman Islands numbered 61.8 thousand in October 2025.
- Guyana: Mobile connections in Guyana were 706 thousand at the end of 2025. Internet users in Guyana totaled 684 thousand in October 2025. Fixed internet subscribers have been steadily increasing, peaking in 2023.
- US Virgin Islands: Mobile connections in the US Virgin Islands were 211 thousand at the beginning of 2025. Internet users in the US Virgin Islands were 61.2 thousand in January 2025. The FCC established the Connect USVI Fund in 2018 with an initial allocation of up to $204 million to restore, harden, and expand fixed voice and broadband services over 10 years, and $4.4 million for mobile services over 3 years.
US Telecom Segment
- Wholesale Roaming (United States): The United States wholesale roaming market is expected to reach USD 21.6 billion by the end of 2032. The global inbound wholesale roaming market size was USD 26.73 billion in 2025 and is predicted to increase to USD 51.12 billion by 2035.
- Private Network Services (United States): The United States private 5G network market size was valued at USD 4.64 billion in 2025 and is estimated to grow to USD 17.27 billion by 2031. Another estimate places the U.S. private 5G network market size at USD 1.36 billion in 2024, projected to grow to USD 14.13 billion by 2030.
- Fixed, Mobility, Carrier, and Managed Services (United States/North America): The North America Mobility as a Service (MaaS) market generated a revenue of USD 44,605.0 million in 2024 and is expected to reach USD 778,635.5 million by 2033. The U.S. mobility as a service market size reached USD 2.6 billion in 2024 and is projected to reach USD 36.7 billion by 2033. The global wholesale telecom market size is projected to reach USD 1.4 trillion by 2035, with North America holding 43% share by 2035.
Renewable Energy Segment
- Distributed Generation Solar Power (India): The India solar energy market size was valued at USD 30,032.78 million in 2025 and is projected to reach USD 538,913.68 million by 2034. The India distributed energy generation market is projected to reach USD 33.54 billion by FY2031 from USD 12.60 billion in FY2023. The rooftop solar Commercial & Industrial (C&I) market in India is expected to see the largest installations to date of about 4 gigawatts (GW) in fiscal year (FY) 2024. India's rooftop solar energy capacity is projected to surge from 17 GW in FY25 to an estimated 25–30 GW by FY27. India's renewable energy capacity under the commercial and industrial (C&I) segment is expected to increase to 60-80 GW by 2030.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- ATN International completed the repurchase of 423,511 shares for $10 million under a buyback program announced on December 14, 2023.
- The company did not repurchase any shares in the fourth quarter ended December 31, 2025.
Outbound Investments
- ATN International announced the pending sale of its Southwest U.S. tower portfolio, consisting of 214 towers, for up to $297 million in an all-cash transaction. This sale is expected to close in the second quarter of 2026.
- The fourth quarter of 2025 results included a $5.3 million expense related to the write-down of an equity investment.
Capital Expenditures
- Capital expenditures for the full year 2025 were $90.0 million, net of $84.6 million in reimbursable expenditures.
- For 2024, capital expenditures were $110.4 million, net of $108.5 million in reimbursements.
- Capital expenditures for 2026 are projected to be between $105 million and $115 million, net of reimbursable expenditures, with a primary focus on fiber network expansion and digital infrastructure upgrades, including leveraging government funding such as BEAD awards for broadband access.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| ATN International Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.66 |
| Mkt Cap | 1.5 |
| Rev LTM | 2,135 |
| Op Inc LTM | 23 |
| FCF LTM | 38 |
| FCF 3Y Avg | 185 |
| CFO LTM | 472 |
| CFO 3Y Avg | 813 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.2% |
| Rev Chg 3Y Avg | -1.8% |
| Rev Chg Q | 1.6% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Inc Chg LTM | 35.6% |
| Op Inc Chg 3Y Avg | 5.6% |
| Op Mgn LTM | 1.1% |
| Op Mgn 3Y Avg | 2.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 22.1% |
| CFO/Rev 3Y Avg | 26.1% |
| FCF/Rev LTM | 3.7% |
| FCF/Rev 3Y Avg | 2.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| International Telecom | 382 | 377 | 371 | 356 | 343 |
| US Telecom | 346 | 352 | 391 | 370 | 259 |
| Corporate and Other | 0 | 0 | 0 | ||
| Renewable Energy | 0 | ||||
| Total | 728 | 729 | 762 | 726 | 603 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| International Telecom | 67 | 76 | 53 | 52 | 34 |
| US Telecom | -2 | -44 | -6 | -6 | -14 |
| Corporate and Other | -37 | -32 | -35 | -38 | -32 |
| Renewable Energy | -1 | -2 | |||
| Total | 28 | -1 | 13 | 8 | -15 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| US Telecom | 882 | 958 | 1,020 | 981 | 877 |
| International Telecom | 702 | 676 | 672 | 644 | 631 |
| Corporate and Other | 90 | 94 | 92 | 84 | |
| Renewable Energy | 84 | 17 | |||
| Total | 1,673 | 1,727 | 1,784 | 1,708 | 1,609 |
Price Behavior
| Market Price | $23.61 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 11/14/1991 | |
| Distance from 52W High | -19.5% | |
| 50 Days | 200 Days | |
| DMA Price | $26.53 | $22.95 |
| DMA Trend | up | down |
| Distance from DMA | -11.0% | 2.9% |
| 3M | 1YR | |
| Volatility | 40.5% | 48.9% |
| Downside Capture | 131.91 | 37.07 |
| Upside Capture | 42.90 | 62.69 |
| Correlation (SPY) | 12.7% | 10.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.21 | 0.43 | 0.44 | 0.32 | 0.41 | 0.61 |
| Up Beta | -0.34 | -0.41 | 0.39 | 0.60 | 1.13 | 0.38 |
| Down Beta | -0.32 | -0.06 | -0.03 | -0.34 | -0.24 | 0.38 |
| Up Capture | 28% | 61% | 33% | 59% | 65% | 48% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 13 | 26 | 38 | 71 | 132 | 380 |
| Down Capture | 78% | 115% | 95% | 38% | 18% | 101% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 8 | 15 | 24 | 53 | 115 | 364 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATNI | |
|---|---|---|---|---|
| ATNI | 35.9% | 48.8% | 0.78 | - |
| Sector ETF (XLC) | 4.5% | 13.8% | 0.08 | 12.7% |
| Equity (SPY) | 22.3% | 12.5% | 1.33 | 10.1% |
| Gold (GLD) | 24.4% | 27.8% | 0.77 | -1.1% |
| Commodities (DBC) | 23.6% | 18.7% | 1.00 | -12.5% |
| Real Estate (VNQ) | 13.2% | 13.9% | 0.65 | 25.5% |
| Bitcoin (BTCUSD) | -42.8% | 42.8% | -1.18 | 3.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATNI | |
|---|---|---|---|---|
| ATNI | -9.3% | 48.3% | -0.03 | - |
| Sector ETF (XLC) | 7.5% | 20.7% | 0.28 | 16.6% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 18.2% |
| Gold (GLD) | 18.0% | 18.3% | 0.80 | 5.1% |
| Commodities (DBC) | 7.5% | 19.5% | 0.28 | -1.3% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.06 | 25.1% |
| Bitcoin (BTCUSD) | 12.3% | 53.5% | 0.42 | 6.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATNI | |
|---|---|---|---|---|
| ATNI | -8.9% | 50.4% | 0.01 | - |
| Sector ETF (XLC) | 9.1% | 22.2% | 0.47 | 23.0% |
| Equity (SPY) | 15.8% | 17.9% | 0.75 | 26.7% |
| Gold (GLD) | 11.7% | 16.1% | 0.59 | 2.2% |
| Commodities (DBC) | 6.1% | 18.0% | 0.27 | 7.0% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 30.0% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 8.5% |
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Earnings Returns History
Updated 6/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 3.3% | 4.5% | 0.2% |
| 3/5/2026 | -16.2% | -20.0% | -7.6% |
| 11/6/2025 | 5.5% | 16.4% | 23.0% |
| 8/8/2025 | -0.1% | 2.3% | 4.7% |
| 5/1/2025 | 7.1% | 3.9% | -0.9% |
| 3/5/2025 | 6.3% | 12.3% | 8.3% |
| 10/30/2024 | -8.4% | -1.1% | -13.5% |
| 7/25/2024 | 5.7% | 9.3% | 2.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 15 | 14 |
| # Negative | 15 | 9 | 10 |
| Median Positive | 5.5% | 3.9% | 7.4% |
| Median Negative | -3.4% | -4.7% | -4.9% |
| Max Positive | 7.1% | 16.4% | 23.0% |
| Max Negative | -20.5% | -20.0% | -18.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 3.3% | 4.5% | 0.2% |
| 3/5/2026 | -16.2% | -20.0% | -7.6% |
| 11/6/2025 | 5.5% | 16.4% | 23.0% |
| 8/8/2025 | -0.1% | 2.3% | 4.7% |
| 5/1/2025 | 7.1% | 3.9% | -0.9% |
| 3/5/2025 | 6.3% | 12.3% | 8.3% |
| 10/30/2024 | -8.4% | -1.1% | -13.5% |
| 7/25/2024 | 5.7% | 9.3% | 2.9% |
| 4/25/2024 | 1.1% | 9.0% | 22.0% |
| 2/22/2024 | -20.5% | -6.1% | -11.1% |
| 10/26/2023 | -8.6% | -9.8% | -6.4% |
| 7/27/2023 | -2.8% | 3.6% | -0.6% |
| 4/27/2023 | -4.0% | -4.3% | 1.6% |
| 2/23/2023 | -13.8% | -12.0% | -18.5% |
| 10/27/2022 | 6.7% | 9.5% | 16.1% |
| 7/28/2022 | 3.8% | 4.5% | 11.4% |
| 4/28/2022 | -2.5% | 0.3% | 9.0% |
| 2/24/2022 | 0.6% | -1.8% | 13.8% |
| 10/28/2021 | -1.5% | 3.3% | -3.3% |
| 7/29/2021 | -0.9% | 1.8% | 4.4% |
| 4/28/2021 | -1.7% | -2.0% | -0.4% |
| 2/24/2021 | -3.9% | 0.0% | 0.0% |
| 10/29/2020 | -2.7% | 3.6% | 6.5% |
| 7/30/2020 | -3.4% | -4.7% | -0.3% |
| SUMMARY STATS | |||
| # Positive | 9 | 15 | 14 |
| # Negative | 15 | 9 | 10 |
| Median Positive | 5.5% | 3.9% | 7.4% |
| Median Negative | -3.4% | -4.7% | -4.9% |
| Max Positive | 7.1% | 16.4% | 23.0% |
| Max Negative | -20.5% | -20.0% | -18.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/16/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
| 06/30/2019 | 08/07/2019 | 10-Q |
Recent Forward Guidance
Updated 7/9/2026Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA | 190.00 Mil | 195.00 Mil | 200.00 Mil | 0 | Affirmed | Guidance: 195.00 Mil for 2026 | |
| 2026 Capital Expenditures | 105.00 Mil | 110.00 Mil | 115.00 Mil | 0 | Affirmed | Guidance: 110.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 3/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA | 190.00 Mil | 195.00 Mil | 200.00 Mil | 6.0% | Higher New | Actual: 184.00 Mil for 2025 | |
| 2026 Capital Expenditures | 105.00 Mil | 110.00 Mil | 115.00 Mil | 15.8% | Higher New | Actual: 95.00 Mil for 2025 | |
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 725.00 Mil | 0 | Affirmed | Guidance: 725.00 Mil for 2025 | |||
| 2025 Adjusted EBITDA | 184.00 Mil | 0 | Affirmed | Guidance: 184.00 Mil for 2025 | |||
| 2025 Capital Expenditures | 90.00 Mil | 95.00 Mil | 0 | Affirmed | Guidance: 95.00 Mil for 2025 | ||
| 2025 Net Debt Ratio | 2.54 | ||||||
Insider Activity
Updated 7/1/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 7012026 | 27.65 | 5,000 | 138,235 | 2,251,462 | Form | |
| 2 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 6292026 | 27.10 | 500 | 13,550 | 2,342,416 | Form | |
| 3 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 6292026 | 27.08 | 1,000 | 27,077 | 2,353,940 | Form | |
| 4 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 27.96 | 19,100 | 534,036 | 2,458,691 | Form | |
| 5 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 27.30 | 2,000 | 54,600 | 2,922,083 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 7012026 | 27.65 | 5,000 | 138,235 | 2,251,462 | Form | |
| 2 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 6292026 | 27.10 | 500 | 13,550 | 2,342,416 | Form | |
| 3 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 6292026 | 27.08 | 1,000 | 27,077 | 2,353,940 | Form | |
| 4 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 27.96 | 19,100 | 534,036 | 2,458,691 | Form | |
| 5 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 27.30 | 2,000 | 54,600 | 2,922,083 | Form | |
| 6 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 28.30 | 6,000 | 169,800 | 3,085,719 | Form | |
| 7 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 28.29 | 12,610 | 356,737 | 3,254,368 | Form | |
| 8 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 28.25 | 2,500 | 70,625 | 3,606,000 | Form | |
| 9 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 28.17 | 17,500 | 492,975 | 4,511,313 | Form | |
| 10 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 27.96 | 2,854 | 79,798 | 4,966,982 | Form | |
| 11 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 27.25 | 2,000 | 54,500 | 4,918,625 | Form | |
| 12 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 27.02 | 3,500 | 94,570 | 4,931,150 | Form | |
| 13 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 6152026 | 27.25 | 2,000 | 54,500 | 5,068,500 | Form | |
| 14 | Prior, Cornelius B JR | VI E-Cell Tropical Telecom Ltd | Sell | 6152026 | 27.25 | 5,000 | 136,250 | 5,123,000 | Form | |
| 15 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 26.25 | 1,000 | 26,250 | 5,066,250 | Form | |
| 16 | Prior, Cornelius B JR | VI E-Cell TropicalTelecom Ltd | Sell | 6152026 | 25.73 | 6,000 | 154,390 | 4,991,943 | Form |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Integrated Telecommunication Services Resources |
| Fierce Telecom |
| Telecoms.com |
| Light Reading |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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