SBA COMMUNICATIONS CORPORATION

(SBAC)
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Delayed Nasdaq  -  04:00 2022-08-12 pm EDT
350.04 USD   +1.91%
08/12INSIDER SELL : Sba Communications
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08/11INSIDER SELL : Sba Communications
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08/08RBC Raises Price Target on SBA Communications to $390 From $382, Maintains Outperform Rating
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SBA Communications Corporation Announces Management Changes

06/17/2022 | 08:30am EDT

SBA Communications Corporation announced that Kurt L. Bagwell, Executive Vice President and President – International, and Thomas P. Hunt, Executive Vice President, Chief Administrative Officer and General Counsel, will retire from their current titles and roles effective January 1, 2023. Succeeding Messrs. Bagwell and Hunt will be two long-time SBA officers and industry veterans. Richard Cane, currently Senior Vice President – International Operations, will succeed Mr. Bagwell, and Joshua Koenig, currently Senior Vice President, Legal – International, will succeed Mr. Hunt. Mr. Cane joined SBA in November 2019, and currently oversees all of Western Hemisphere operations outside of the U.S. Rich has spent over 35 years in telecommunications, including five years in a variety of senior roles at Ericsson, supporting managed services and field operations in North America. Mr. Cane also previously served as a senior executive for several wireless network operators, including as Chief Operating Officer for Woosh Wireless in New Zealand, Chief Technical Officer for Bell Atlantic International/Grupo Iusacell in Mexico, Chief Operating Officer for PrimeCo Personal Communications in Chicago and customer sales/service leadership positions for Motorola /Nokia Networks. Mr. Cane began his telecommunications career with Bell Atlantic (now Verizon), progressing through a variety of management positions in network, finance and marketing. Mr. Koenig joined SBA in January 2010, and has since held positions of increasing responsibility. Josh currently serves as Senior Vice President, Legal – International, where he oversees all legal aspects of SBA's International business, including in the areas of mergers & acquisitions, compliance, litigation, operations, employment, corporate governance and government regulatory affairs, and is deeply involved in international strategic, operational and growth initiatives. Prior to serving as Senior Vice President, Mr. Koenig served as Vice President & Associate General Counsel – International, and began his career at SBA as Corporate Counsel – Finance and Compliance where he oversaw all legal aspects of finance, compliance and corporate governance. Prior to joining us, Mr. Koenig was an associate with the law firm of Simpson Thacher & Bartlett, specializing in corporate and financing transactions. Mr. Koenig is a member of the New York Bar and authorized house counsel in Florida. Mr. Bagwell has spent almost his entire career in telecommunications, and during his 21-year career at SBA has served in a number of roles with us, including running the services group, Chief Operating Officer while were a U.S.-only business and, most recently, President – International where he has overseen the entry into and growth of all of SBA's 15 International markets. Mr. Hunt joined SBA in September 2000 as General Counsel, after having served as primary outside counsel while a partner with Gunster, Yoakley & Stewart, P.A., a Florida law firm where he practiced for 16 years in the corporate and real estate areas. Throughout the material growth of SBA during his tenure, Tom has overseen increasing areas of responsibility and scope including legal, regulatory, compliance, safety, risk management, land use, human resources and mergers and acquisitions. The appointments of Messrs. Cane and Koenig will become effective January 1, 2023, and Messrs. Bagwell and Hunt will remain employees through March 2023 in order to further support the transition.


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All news about SBA COMMUNICATIONS CORPORATION
08/12INSIDER SELL : Sba Communications
MT
08/11INSIDER SELL : Sba Communications
MT
08/08RBC Raises Price Target on SBA Communications to $390 From $382, Maintains Outperform R..
MT
08/08INSIDER SELL : Sba Communications
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Financials (USD)
Sales 2022 2 575 M - -
Net income 2022 461 M - -
Net Debt 2022 12 877 M - -
P/E ratio 2022 82,2x
Yield 2022 0,81%
Capitalization 37 762 M 37 762 M -
EV / Sales 2022 19,7x
EV / Sales 2023 18,9x
Nbr of Employees 1 596
Free-Float 98,8%
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 350,04 $
Average target price 375,17 $
Spread / Average Target 7,18%
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Managers and Directors
Jeffrey A. Stoops Chairman & President
Brendan Thomas Cavanagh Chief Accounting Officer & Vice President
Steven E. Bernstein Chairman
Jorge Grau Chief Information Officer & Vice President
Dipan D. Patel Executive Vice President-Strategy & Technology
Sector and Competitors