- Lamar Advertising Stock Gains 20.3% in 3 Months: Will the Trend Last?
May 11, 2026
Lamar Advertising LAMR shares have risen 20.3% in the past three months compared with the industry’s growth of 2.8%.
Lamar holds a significant market share in the U.S. outdoor advertising business. Its diversified tenant base, opportunistic acquisitions and efforts to upgrade its portfolio are key growth drivers.
Analysts seem optimistic about this Zacks Rank #2 (Buy) company. The Zacks Consensus Estimate for its 2026 FFO per share has moved marginally northward over the past week to $8.63. It also suggests an increase of 4.5% from year over year.Zacks Investment Research
Image Source: Zacks Investment Research
Factors Behind LAMR Stock Price Rise: Will This Continue?
Lamar is among the largest owners and operators of outdoor advertising structures in the United States, with a broad nationwide presence. The company holds a leading position in logo signs and benefits from a well-diversified advertiser base across services, healthcare, restaurants, retail, automotive, insurance and gaming. A significant portion of Lamar’s revenue is generated from local and regional businesses, which further diversifies its tenant mix and helps reduce revenue volatility.
The company's increased focus on bolstering its digital capabilities augurs well for long-term growth. Particularly, the growing digital platform allows Lamar to tap into expanding programmatic advertising channels. The company has added a large number of digital screens through acquisitions and internal conversions over the past several years. In the first quarter of 2026, Lamar completed multiple acquisitions for a total cash purchase price of approximately $58.6 million. It offers customers one of the largest networks of digital billboards in the United States, with more than 5,600 displays as of the end of the first quarter of 2026.
Out of Home (OOH) advertising has been growing at a rapid pace and continues to increase its market share in comparison with other forms of media. Moreover, fragmentation across other advertising media and technological advancements in the OOH segment are aiding the shift to outdoor advertising. In the upcoming years, higher technology investments are expected to provide further support to OOH advertising. Therefore, the company’s expansion activities over the recent years bode well for long-term growth.
Lamar operates in an industry that is characterized by high barriers to entry due to permitting restrictions. Moreover, as there is a control on the permits, inventory, as well as an intrusion from other market players, both local and national, are restricted. Hence, this provides the company with a solid competitive edge.
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Solid dividend payouts remain the biggest attraction for REIT investors, and Lamar has been committed to the same. In the last five years, the company has raised its dividend eight times. Its five-year annualized dividend growth rate is 12.97%, which is encouraging. Management expects to generate cash flows from operations during 2026 in excess of its cash needs for operations, capital expenditures and dividends. Such efforts raise investors’ optimism about the stock.
Key Risks for Lamar Advertising
The uncertain macroeconomic situation and competition from other outdoor advertisers and other forms of media are major concerns for Lamar. High debt burden acts as a deterrent for the company.
Other Stocks to Consider
Some other top-ranked stocks from the broader REIT sector are American Tower AMT and Prologis Inc. PLD, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for AMT’s 2026 FFO per share is pegged at $10.95. This implies year-over-year growth of 3.5%.
The Zacks Consensus Estimate for PLD’s 2026 FFO per share is pinned at $6.17. This calls for year-over-year growth of 6.2%.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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- How Investors Are Reacting To American Tower (AMT) Upgraded 2026 Outlook And Completed Buyback
May 8, 2026
In late April 2026, American Tower reported first-quarter results showing higher revenue and net income year over year and completed a US$567.55 million share repurchase program launched in 2017. The company also raised its 2026 earnings guidance, pointing to stronger-than-expected international performance and currency-related benefits, particularly in Latin America and Europe. We’ll now examine how American Tower’s upgraded 2026 outlook, underpinned by international growth, shapes the company’s broader investment narrative for investors.
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What Is American Tower's Investment Narrative?
To own American Tower, you need to be comfortable with a long-term story built around global wireless infrastructure and data traffic, while accepting slower forecast growth than the broader US market and a mixed recent return profile. The Q1 beat, higher 2026 earnings guidance and completion of the US$567.55 million buyback modestly improve the near-term setup by reinforcing cash generation, international momentum in Latin America and Europe, and management’s confidence in the business. At the same time, a meaningful portion of the guidance upgrade stems from currency gains rather than core operating changes, which could prove temporary and leave earnings exposed if FX tailwinds reverse. Debt coverage by operating cash flow also remains an overhang, so the key short-term catalysts are execution on leasing, data center demand via CoreSite and how management balances dividends, buybacks and deleveraging in the next few quarters.
However, one risk investors should not overlook is how reliant current guidance is on FX tailwinds. Despite retreating, American Tower's shares might still be trading 33% above their fair value. Discover the potential downside here.
Exploring Other PerspectivesAMT 1-Year Stock Price Chart
Four private investors in the Simply Wall St Community see American Tower’s fair value between US$216.14 and US$268.49 per share, highlighting a wide spread of expectations. Set against management’s FX driven guidance upgrade and ongoing debt concerns, these differing views show why it can help to compare multiple opinions before deciding how this stock might fit in a portfolio.
Explore 4 other fair value estimates on American Tower - why the stock might be worth as much as 49% more than the current price!
Decide For Yourself
Disagree with this assessment? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
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A great starting point for your American Tower research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision. Our free American Tower research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate American Tower's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMT.
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- American Tower to Present at Upcoming May Conferences
May 7, 2026
BOSTON, May 07, 2026--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it is scheduled to present at the following conferences:
MoffettNathanson 2026 Media, Internet & Communications Conference on Thursday, May 14, 2026 at 8:15 a.m. ET in New York, New York. J.P. Morgan 2026 Global Technology, Media and Communications Conference on Tuesday, May 19, 2026 at 9:25 a.m. ET in Boston, Massachusetts.
A live webcast and replay of the presentation will be accessible from the Investor Relations section of American Tower’s website at www.americantower.com/investor-relations.
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.americantower.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260507006328/en/
Contacts
ATC Contact: Spencer Kurn
Senior Vice President, Investor Relations
Telephone: (617) 375-7517
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- CRN Honors Three CoreSite Leaders on the 2026 Women of the Channel List
May 7, 2026
Recognizing Leadership in Channel Strategy and Partner Impact
DENVER, May 07, 2026--(BUSINESS WIRE)--CoreSite, an American Tower company (NYSE: AMT) empowering critical business and AI workloads that impact everyday life through interconnected data center solutions, today announced that CRN®, a brand of The Channel Company, recognized three CoreSite women among its 2026 Women of the Channel. The CoreSite women honored on the 2026 list are Maile Kaiser, Chief Revenue Officer; Megan Ruszkowski, Vice President of Marketing and Sales Development; and Sara Anderson, Senior Channel Marketing Specialist.
This annual CRN list celebrates women from vendors, distributors, solution providers and other channel-focused organizations who make a positive difference in the IT ecosystem. The CRN 2026 Women of the Channel honorees are innovative and strategic leaders committed to advancing channel excellence and supporting the success of their partners and customers.
Delivering lasting value and solving customers’ most complex challenges are top priorities for CoreSite. Partners are viewed as an extension of the organization and play a critical role in driving successful business outcomes for our customers. CoreSite’s comprehensive partner ecosystem includes many of the industry’s leading technology organizations, technology solution advisors (TSA), resellers, cloud providers, brokers, network service providers (NSP), managed service providers (MSP), system integrators (SI) and other solution providers.
The CoreSite Partner Program makes engagement simple and rewarding, enabling partners to easily join the program, register deals for immediate attribution, and collaborate closely with CoreSite’s team of experts—while benefiting from a competitive commission structure. Partners also gain access to training and enablement resources, along with industry thought leadership, to stay current on the evolving technology landscape and trends shaping the market.
"It’s a privilege to celebrate the remarkable achievements of these women who are driving meaningful change across the IT channel," said Jennifer Follett, VP of U.S. Content and Executive Editor, CRN at The Channel Company. "Each honoree has demonstrated exceptional leadership and a commitment to bold, innovative strategies that fuel transformation, growth, and success for their organizations and the broader channel. We’re proud to recognize their impact and look forward to seeing how they continue to shape the future of our industry."
"We are excited to see Maile, Megan and Sara recognized for their contributions to our partner ecosystem with their inclusion in CRN’s 2026 Women of the Channel List," said Juan Font, President and CEO of CoreSite, SVP of American Tower. "Their leadership reflects our commitment to delivering highly interconnected colocation data center solutions that empower partners to grow alongside us while helping customers navigate the evolving demands of digital and AI-driven business."
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The 2026 Women of the Channel is featured online at crn.com/wotc.
About CoreSite
CoreSite, an American Tower company (NYSE: AMT), is a leading interconnection data center platform that empowers businesses to future-proof their digital transformation initiatives. For more than 20 years, CoreSite’s purpose-built, highly interconnected data center campuses and team of experts have delivered the cloud-enabled, resilient and flexible digital ecosystems required for customers to quickly scale and interoperate their businesses to support the increasing demands of critical workloads, like AI and high-density applications. For more information, visit CoreSite.com and follow CoreSite on our Connect[ED] blog,LinkedIn and YouTube channels.
Forward-Looking Statements
This press release contains statements about future events and expectations, or "forward-looking statements," all of which are inherently uncertain. We have based those forward-looking statements on management’s current expectations and assumptions and not on historical facts. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information set forth under the caption "Risk Factors" in Item 1A of American Tower’s most recent annual report on Form 10-K, and other risks described in documents American Tower subsequently files from time to time with the Securities and Exchange Commission. Neither we nor American Tower undertake any obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
About The Channel Company
The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.
Follow The Channel Company: LinkedIn and X.
© 2026 The Channel Company, Inc. CRN is a registered trademark of The Channel Company, Inc. All rights reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260507580372/en/
Contacts
CoreSite Media Contact:
Megan Ruszkowski
Vice President of Marketing and Sales Development
720-446-2014
press@CoreSite.com
The Channel Company Contact:
Jessica Beaudet
The Channel Company
jbeaudet@thechannelcompany.com
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- Analysts Boost American Tower (AMT) Price Target After Better-Than-Expected Q1 Results
May 5, 2026
American Tower Corporation (NYSE:AMT) is one of the Best Digital Infrastructure REITs to Buy According to Analysts. Based on a report by TheFly in April, Raymond James raised its price target on American Tower to $240 from $229 while maintaining a Strong Buy rating on the shares, as the company’s first-quarter results beat expectations.
Similarly, Truist analyst Matthew Niknam also increased the price target on American Tower to $208 from $205 while keeping a Buy rating on the stock after the company released its Q1 earnings report.American Tower Corporation’s (AMT) Dividend Strength and Valuation Make it a Strong Buy in 2025
On April 28, American Tower reported a 6.8% gain in total revenue to $2.74 billion in the first quarter of the year, with total property revenue growing 7.3% to $2.67 billion. Additionally, net income also increased 76.2% to $879 million. American Tower Chief Executive Officer Steve Vondran emphasized that the company’s structural growth drivers continue to strengthen. He added:
“We had an excellent start to 2026. The structural growth drivers of our business continue to strengthen, with rising mobile data consumption, accelerating cloud adoption and the rapid expansion of AI-driven workloads all pointing toward sustained investment in high-quality digital infrastructure. I believe American Tower is now operating from its strongest strategic position in more than a decade, reflecting the actions we’ve taken to strengthen our balance sheet, reduce risk and enhance the quality and predictability of our earnings. With a best-in-class portfolio of towers and interconnection-rich data centers, we are well positioned to drive durable growth, expand margins and deliver attractive long-term value for our shareholders.”
With its positive first-quarter results, the company is making upward adjustments in its full-year financial guidance. For 2026, American Towers is now projecting total property revenue to be in the range of $10.585 billion to $10.735 billion, an approximately 3.4% growth. This is higher than the previous guidance for the year of $10.440 billion to $10.590 billion. Additionally, the company set net income guidance of $3.015 billion to $3.095 billion, representing 16.2% growth.
Based on 27 analyst ratings compiled by CNN, American Tower has an average price target of $210, a 15.63% upside from the current price of $181.61.
American Tower Corporation (NYSE:AMT) is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
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While we acknowledge the potential of AMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Data Center Stocks to Buy for the Long Term and 10 Best AI Stocks to Watch in May
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- Crown Castle Closes $8.5B Divestiture, Raises 2026 AFFO View
May 4, 2026
Crown Castle Inc. CCI announced the successful closure of the disposition of its small cells and fiber solutions business for $8.5 billion. In the transaction, EQT Active Core Infrastructure Fund acquired the small cells business, and Zayo Group Holdings, Inc. purchased the fiber solutions business, each for $4.25 billion. The move resulted in Crown Castle emerging as a pure-play, U.S. tower company.
Crown Castle plans to use the funds for share buybacks and debt repayment. CCI expects to implement a $1 billion share repurchase program and curtail its outstanding debt by more than $7 billion.
The above move will enable CCI to focus on its core portfolio with disciplined execution, faster decision-making and improved operational agility.
Along with the closure of the above transaction, CCI also updated its 2026 outlook. It highlighted that the above transaction will lower interest expenses by $40 million for 2026 due to the expected earlier repayment of debt obligations by two months. The interest income is expected to increase by $10 million in 2026 due to the earlier investment of sale transaction proceeds. CCI has raised its initial 2026 AFFO per share guidance to the $4.53-$4.65 range from the earlier guided range of $4.38-$4.49, up 16 cents at the midpoint. The Zacks Consensus Estimate presently stands at $4.43.
Over the past month, shares of this Zacks Rank #3 (Hold) company have gained 13.9% compared with the industry's growth of 7.1%.Zacks Investment Research
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Stocks to Consider
Some better-ranked stocks from the broader REIT sector are American Tower AMT and Prologis PLD, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for American Tower’s 2026 FFO per share is pegged at $10.95, which indicates year-over-year growth of 1.8%.
The consensus estimate for PLD’s full-year FFO per share is pinned at $6.17, which calls for an increase of 6.2% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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- Are Finance Stocks Lagging American Tower (AMT) This Year?
May 4, 2026
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. American Tower (AMT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
American Tower is a member of our Finance group, which includes 834 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. American Tower is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AMT's full-year earnings has moved 0% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AMT has returned 3.4% so far this year. Meanwhile, stocks in the Finance group have lost about 0.7% on average. This means that American Tower is outperforming the sector as a whole this year.
ACRES Commercial (ACR) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 2.3%.
The consensus estimate for ACRES Commercial's current year EPS has increased 13.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, American Tower belongs to the REIT and Equity Trust - Other industry, which includes 91 individual stocks and currently sits at #47 in the Zacks Industry Rank. Stocks in this group have gained about 10.5% so far this year, so AMT is slightly underperforming its industry this group in terms of year-to-date returns.
ACRES Commercial, however, belongs to the REIT and Equity Trust industry. Currently, this 27-stock industry is ranked #141. The industry has moved +1.5% so far this year.
Investors with an interest in Finance stocks should continue to track American Tower and ACRES Commercial. These stocks will be looking to continue their solid performance.
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- Why American Tower (AMT) International Revenue Trends Deserve Your Attention
May 4, 2026
Did you analyze how American Tower (AMT) fared in its international operations for the quarter ending March 2026? Given the widespread global presence of this wireless communications infrastructure company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm's potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.
Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.
Upon examining AMT's recent quarterly performance, we noticed several interesting patterns in the revenue generated from its international segments, which are commonly analyzed and observed by Wall Street experts.
The company's total revenue for the quarter stood at $2.74 billion, increasing 6.8% year over year. Now, let's delve into AMT's international revenue breakdown to gain insights into the significance of its operations beyond home turf.
Trends in AMT's Revenue from International Markets
During the quarter, Latin America contributed $480 million in revenue, making up 17.5% of the total revenue. When compared to the consensus estimate of $404.64 million, this meant a surprise of +18.62%. Looking back, Latin America contributed $438 million, or 16%, in the previous quarter, and $399 million, or 15.6%, in the same quarter of the previous year.
Europe accounted for 9.5% of the company's total revenue during the quarter, translating to $261 million. Revenues from this region represented a surprise of +3.34%, with Wall Street analysts collectively expecting $252.56 million. When compared to the preceding quarter and the same quarter in the previous year, Europe contributed $248 million (9.1%) and $213 million (8.3%) to the total revenue, respectively.
Prospective Revenues in International Markets
Wall Street analysts expect American Tower to report a total revenue of $2.71 billion in the current fiscal quarter, which suggests an increase of 3.1% from the prior-year quarter. Revenue shares from Latin America and Europe are predicted to be 15.1%, and 9.8%, corresponding to amounts of $410.09 million, and $265.64 million, respectively.
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Analysts expect the company to report a total annual revenue of $10.89 billion for the full year, marking an increase of 2.3% compared to last year. The expected revenue contributions from Latin America and Europe are projected to be 15.1% ($1.64 billion), and 9.7% ($1.05 billion) of the total revenue, in that order.
In Conclusion
American Tower's leaning on foreign markets for its revenue stream presents a mix of chances and challenges. Therefore, a vigilant watch on its international revenue movements can greatly aid in projecting the company's future direction.
In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.
We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.
The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.
At the moment, American Tower has a Zacks Rank #2 (Buy), signifying that it may outperform the overall market trend in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Exploring Recent Trends in Stock Price
Over the preceding four weeks, the stock's value has appreciated by 4.5%, against an upturn of 10% in the Zacks S&P 500 composite. In parallel, the Zacks Finance sector, which counts American Tower among its entities, has appreciated by 5.6%. Over the past three months, the company's shares have seen an increase of 6% versus the S&P 500's 4.4% increase. The sector overall has witnessed a decline of 1.6% over the same period.
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- American Tower Leans On CoreSite 100Gbps Push For AI Growth
Apr 30, 2026
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CoreSite, a data center business of American Tower (NYSE:AMT), has introduced 100Gbps connectivity across its nationwide Open Cloud Exchange platform. This upgrade is designed to support AI, machine learning, and other high-performance workloads that require very high bandwidth. American Tower has raised its full year outlook as it seeks to benefit from rising demand for digital infrastructure tied to cloud and AI use cases.
For investors watching NYSE:AMT, the CoreSite data center segment is becoming an increasingly important piece of the story alongside the traditional tower portfolio. The new 100Gbps capability on Open Cloud Exchange aligns CoreSite more closely with customers that are scaling AI, machine learning, and other data intensive applications. It also highlights how demand for cloud on ramps and interconnection can sit alongside macro tower assets in one platform.
This move may matter for anyone thinking about how American Tower is positioning itself across different parts of digital infrastructure, from towers to data centers and cloud connectivity. The expanded bandwidth offering could influence how workloads are distributed between on premises environments and the cloud, and how tenants think about long term commitments with CoreSite. As AI driven traffic grows, investors will be watching how this technical upgrade factors into the mix of revenue and capital allocation over time.
Stay updated on the most important news stories for American Tower by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on American Tower.NYSE:AMT Earnings & Revenue Growth as at Apr 2026
5 things going right for American Tower that this headline doesn't cover.
The 100Gbps upgrade on CoreSite’s Open Cloud Exchange ties directly into the areas American Tower has been highlighting, especially AI-related and high-performance workloads. This product launch sits alongside a first quarter where revenue was US$2,737.5 million and net income was US$859.5 million, and a raised 2026 outlook that includes expected total property revenue of US$10,585 million to US$10,735 million and net income of US$3,015 million to US$3,095 million. For you as an investor, the key angle is that higher bandwidth interconnection typically carries attractive margins and can deepen customer relationships, which aligns with management’s focus on durable revenue growth and operational efficiency. It also gives American Tower another touchpoint in the digital infrastructure stack, where peers like Equinix and Digital Realty are also targeting AI and hybrid cloud demand. Combined with a recently active buyback program of US$567.55 million since 2017, this product expansion shows American Tower putting capital to work across both network assets and the balance sheet.
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The Risks and Rewards Investors Should Consider
⚠️ Higher capacity data center investments can be capital intensive, and American Tower already has a flagged risk that debt is not well covered by operating cash flow. ⚠️ Competition from other data center operators such as Equinix and Digital Realty could put pressure on pricing for high-speed interconnection services. 🎁 The 100Gbps offering directly supports AI and high-performance workloads, which management links to strong data center demand and high margin interconnection revenue. 🎁 Raised 2026 guidance for property revenue and net income, together with 2026 expectations for double digit data center growth, suggests this segment is becoming more meaningful in the overall business mix.
What To Watch Going Forward
From here, it is worth tracking how quickly customers adopt the 100Gbps option on Open Cloud Exchange and whether CoreSite’s data center revenue mix shifts further toward interconnection and AI-related workloads. Keep an eye on updates to American Tower’s guidance, especially around total property revenue, net income, and any comments on CoreSite’s growth relative to the legacy tower portfolio. Debt metrics and capital allocation choices, including any future buyback activity versus data center expansion, will also matter for assessing how this higher speed capability translates into long term value creation.
To ensure you're always in the loop on how the latest news impacts the investment narrative for American Tower, head to the community page for American Tower to never miss an update on the top community narratives.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMT.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- American Tower (AMT) Reports Q1 AFFO and Revenue Above Estimates
Apr 29, 2026
American Tower Corporation (NYSE:AMT) is one of the
8 Best Infrastructure Stocks to Buy with Highest Upside Potential.
On April 28, 2026, American Tower Corporation (NYSE:AMT) reported first-quarter AFFO of $2.84 per share, well above consensus estimates of $2.50, while revenue rose to $2.74 billion from expectations of $2.65 billion. CEO Steve Vondran said the company got off to a strong start in 2026, citing long-term demand drivers such as rising mobile data usage, faster cloud adoption, and growing AI-related workloads that continue to support investment in digital infrastructure.
American Tower also raised its full-year outlook, projecting fiscal 2026 AFFO of $10.90 to $11.07 per share, above consensus estimates of $10.87. The company expects revenue of $10.59 billion to $10.74 billion, compared with analyst expectations of $10.8 billion.American Tower (AMT) Reports Q1 AFFO and Revenue Above Estimates
On April 15, 2026, Mizuho upgraded American Tower Corporation (NYSE:AMT) to Outperform from Neutral and raised its price target to $205 from $189. The firm noted that the stock had fallen 19% over the past year while REITs gained roughly 10%, and said several negatives already appear priced in. Mizuho also pointed to improving domestic and international tower fundamentals and said the company’s data center business remains materially undervalued with multiple paths to unlock value.
American Tower Corporation (NYSE:AMT) is one of the world’s largest REITs and owns, operates, and develops communications infrastructure leased to wireless carriers, broadcasters, government agencies, and other tenants.
While we acknowledge the potential of AMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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