The EVP Operations of SBA Comms is Exercising Options


Today, the EVP Operations of SBA Comms, Mark Ciarfella, exercised options of SBA Comms (NASDAQ: SBAC) for $4.2M.

Following Mark Ciarfella’s last SBAC Sell transaction on June 15, 2018, the stock climbed by 4.4%.

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Based on SBA Comms’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $458 million and quarterly net profit of $31.55 million. In comparison, last year the company earned revenue of $423 million and had a net profit of $37.6 million. SBAC’s market cap is $18.7B and the company has a P/E ratio of 195.82. Currently, SBA Comms has an average volume of 686.7K.

The insider sentiment on SBA Comms has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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SBA Communications Corp. is a real estate investment trust, which engages in the provision of wireless communications infrastructures. It operates through the following business segments: Domestic Site Leasing, International Site Leasing, and Site Development. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless.

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