Muddy Waters Starts American Tower (AMT) at Strong Sell
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American Tower (AMT) Responds to Muddy Waters with Financial Info
July 17, 2013 5:47 PM EDTAmerican Tower Corporation (NYSE: AMT) released information in response to a report published today, which contained inaccurate statements. While the Company disputes a number of statements in the report, the following information is being provided specifically in response to allegations with respect to the Company's acquisition of certain communications sites in Brazil... More
Wells Fargo Defends American Tower (AMT)
July 17, 2013 12:54 PM EDTWells Fargo defended American Tower (NYSE: AMT) on Wednesday after Muddy Waters criticized the company, recommending investors sell the stock.
"First, we strongly disagree with the report's contention that the tower business is under major technological threat from wifi and/or small cells or other solutions. Every carrier we speak with has stated... More
American Tower (AMT) Peers Lower on Short Attack (CCI) (SBAC)
July 17, 2013 10:04 AM EDTAmerican Tower (NYSE: AMT) peers Crown Castle (NYSE: CCI) and SBA Communications (NASDAQ: SBAC) are on watch following an negative report on AMT from noted short-selling research firm Muddy Waters.
Shares of CCI is down 1.6%, SBAC is down 1.8%. Meanwhile, AMT is down 3%.... More
Streetinsider.com Pre-Open Movers 07/17: (EXXI) (LINE) (LNCO) Higher; (ZAGG) (VSTM) (MAT) Lower (more...)
July 17, 2013 9:32 AM EDTZAGG Inc (Nasdaq: ZAGG) 15% LOWER; The Company expects revenue for the quarter of approximately $51 million. The Companys revenues were unfavorably impacted in the quarter by the lack of major device launches from the leading mobile computing manufacturers, slower than expected retail distribution expansion and softness in the European market. For the second half of 2013 the Company expects slower retail expansion and projected softness in Europe to continue to impact revenue. To reflect these changes, the Company is adjusting full year 2013 revenue guidance down to a range of $245 million - $252 million.... More
American Tower (AMT) Down on Negative Chatter
July 17, 2013 9:13 AM EDTRumors this morning suggest American Tower Corp (NYSE: AMT) is Muddy Waters short target. This is not confirmed and Muddy Waters is expected to release its report shortly.
Shares of AMT are down 2.6% and traders are noting heavy recent put option... More
