NYSE:ADWireless Telecom
Array Digital Infrastructure (AD) Stock Stalls Despite Tower And Spectrum Progress
Array Digital Infrastructure came into this earnings release with a bruised share price and a value label. The stock has fallen about 33% over the past three months, yet still trades on a trailing P/E of 4.6x compared with much richer wireless tower peers. Then Q2 landed with a jolt. Basic earnings per share jumped to US$3.86 and net income from ongoing operations reached US$333.77 million.
The market barely flinched, with the stock slipping 1.1% to US$35.24 after the report. That muted move...