SBA Communications Corp. (NASDAQ:SBAC) is one of the 10 Stocks With Easy 8-20% Gains.
SBA Communications soared by 18.93 percent on Thursday to close at $204.04 apiece, as investors gobbled up shares following news that it was mulling over a sale after receiving takeover interest from large companies.
According to a report by Bloomberg, SBA Communications Corp. has received a preliminary takeover interest from large infrastructure funds, and it is currently working with advisers to evaluate the offer.
Negotiations are at an early stage, and a deal is not yet guaranteed.
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SBA Communications Corp. is one of the largest independent wireless communications infrastructure companies in the US. Last year, it grew its attributable net income by 40.6 percent to $1.05 billion from $749.5 million in 2024.
Total revenues increased by 4.48 percent to $2.8 billion from $2.7 billion year-on-year.
In the fourth quarter alone, attributable net income more than doubled to $370.29 million from $173.6 million, while revenues inched up by 3.7 percent to $719.58 million from $693.7 million.
For this year, SBA Communications Corp. is targeting to generate total revenues of $2.8 billion to $2.86 billion, of which site leasing would make up a range of $2.625 billion to $2.65 billion.
Adjusted EBITDA is targeted at $1.9 billion to $1.93 billion.
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