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Connectivity '24: Comm Towers
3 tickers · $147.66B total market cap
Group: Connectivity
The current thesis for the communications towers sector, encompassing AMT, SBAC, and CCI, is bearish as of Spring 2025. The sector is facing significant headwinds due to increased competition from emerging technologies like satellite broadband and small cells, which are disrupting traditional tower business models. Additionally, regulatory shifts and changing consumer demand patterns are putting pressure on tower valuations. Despite these challenges, there are potential opportunities in urban areas where small cells and ORAN (Open Radio Access Network) could provide new growth pathways.
Connectivity '24: Comm Towers tracks 3 publicly listed stocks in this theme: AMT, CCI, SBAC. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
American Tower CorporationAMT | 04/28/2026 (BMO) | 04/28/2026 (BMO) | -3.98% | 1.65% | -3.93% | 2.70% | $85.35B | 33.3333 |
Crown Castle Inc.CCI | 04/22/2026 (AMC) | 04/22/2026 (AMC) | -6.07% | 3.06% | 6.34% | 5.51% | $40.30B | 33.3333 |
SBA Communications CorporationSBAC | 04/29/2026 (AMC) | 04/29/2026 (AMC) | 4.68% | 1.66% | 7.36% | -6.19% | $22.01B | 33.3333 |
| Average | -1.79% | 2.12% | 3.26% | 0.67% | $49.22B | 33.3333 | ||
| Median | -3.98% | 1.66% | 6.34% | 2.70% | $40.30B | 33.3333 | ||
| Std Dev | 4.65% | 0.66% | 5.10% | 4.99% | $26.61B | 0.0% | ||
| Min | -6.07% | 1.65% | -3.93% | -6.19% | $22.01B | 33.3333 | ||
| Max | 4.68% | 3.06% | 7.36% | 5.51% | $85.35B | 33.3333 | ||
| % Positive Tickers | 33.33% | 100.00% | 66.67% | 66.67% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.