13 Most Promising Penny Stocks Under $5

8. Altice USA Inc. (NYSE:ATUS)

Share Price as of August 15: $2.44

Number of Hedge Fund Holders: 35

Altice USA Inc. (NYSE:ATUS) is one of the most promising penny stocks under $5. On August 8, TD Cowen lowered the firm’s price target on Altice USA to $3 from $4, while maintaining a Buy rating on the shares. The firm stated that the company posted in-line revenue in Q2 2025 and discernible progress in Broadband subscriber KPIs.

In Q2, Altice USA’s total revenue saw a year-over-year decline of 4.2% to $2.15 billion. ~85% of this drop was due to video cord-cutting. The company’s net loss was $96.3 million, which was a reversal from the $15.4 million net income in Q2 2024. Despite these financial challenges, Altice USA’s gross margin expanded by 1.2% to 69.1%.

Broadband subscriber net losses were 35,000, which is a 31% improvement year-over-year, and video subscriber net losses of 58,000 represented the best trend in the last 10 quarters. The company ended the quarter with 663,000 fiber customers, which represented a 22% penetration rate of its fiber network. The company also saw an increase of 38,000 in mobile line net additions during the quarter, bringing the total number of mobile lines to 546,000.

Altice USA Inc. (NYSE:ATUS) provides broadband communications and video services under the Optimum brand in the US, Canada, Puerto Rico, and the Virgin Islands.