• Mon. Nov 30th, 2020

Pharma Oracle

Evolving Today for better Tomorrow

Is this breakthrough or not? Cincinnati Bell Inc. (NYSE: CBB)

On 17 March 2020, Cincinnati Bell Inc. (NYSE: CBB) changed -0.86% to recent value of $13.86. The stock transacted 1367139 shares during most recent day however it has an average volume of 1099.21K shares. It spotted trading -13.64% off 52-week high price. On the other end, the stock has been noted 334.48% away from the low price over the last 52-weeks.

Cincinnati Bell Inc. (CBB) recently reported financial results for the full year and fourth quarter of 2019.

Leigh Fox, President and Chief Executive Officer of Cincinnati Bell, commented, “2019 was another impressive year for Cincinnati Bell. The company’s superior fiber assets and robust IT services business continue to drive results year-after-year. I am proud of our team’s efforts and their ability to execute on our planned objectives and deliver solid results in-line with our financial targets.”

Mr. Fox continued, “We are working to close our before reported acquisition by Brookfield Infrastructure. This transaction creates clear and immediate value for shareholders, including an impressive 84% premium to the 60-day volume weighted average price previous to the announcement, and further highlights the value of our assets.”

CONSOLIDATED RESULTS

Consolidated revenue totaled $390M for fourth quarter of 2019 and $1,537M for the full year

Operating income was $15M in the fourth quarter of 2019 and $73M for the full year

Adjusted EBITDA totaled $103M for the fourth quarter of 2019 and $405M for the full year

Entertainment and Communications Section

Entertainment and Communications revenue totaled $246M for the fourth quarter of 2019 and $996M for the full year

Cincinnati revenue totaled $169M in the fourth quarter and $682M for the full year of 2019

Fioptics revenue totaled $89M for the fourth quarter and $353M for the full year, up 2% and 4%, respectively, year-over-year

Fioptics internet subscribers totaled 250,600 at the end of the fourth quarter, up 11,600 contrast to a year ago

Fioptics is accessible to about 75% of Greater Cincinnati, which includes a combination of fiber-to-the-premise (“FTTP”) and fiber-to-the-node (“FTTN”) addresses

In 2019, 12,500 additional homes and businesses were passed with FTTP, which is accessible to 484,800 addresses or about 60% of Cincinnati’s total addressable market

Hawaii revenue totaled $78M in the fourth quarter and $314M for the full year of 2019

Consumer / SMB Fiber revenue totaled $22M for the fourth quarter and $87M for the full year

Consumer / SMB Fiber internet subscribers totaled 68,200, adding 2,300 consumers year-over-year

Consumer / SMB Fiber is accessible to about 50% of Hawaii, which includes a combination of FTTP and FTTN addresses

During 2019, 6,500 additional homes and businesses were passed with FTTP, which is accessible to 173,500 addresses, about 35% of Hawaii’s total addressable market

Adjusted EBITDA was $90M for the fourth quarter of 2019 and $366M for the full year

IT Services and Hardware Section

IT Services and Hardware revenue totaled $150M for the fourth quarter of 2019 and $567M for the full year

Communications revenue was $52M in the fourth quarter and $199M for the full year, up $2M and $20M year-over-year, respectively

Consulting revenue totaled $38M for the fourth quarter, consistent with the previous year, and $153M for the full year, up $14M year-over-year

Cloud revenue was $22M in the fourth quarter and $92M for the full year 2019, up $2M and $15M from the previous year, respectively, not including insourcing initiatives from General Electric Company (“GE”)

Infrastructure Solutions revenue totaled $38M in the fourth quarter and $124M for the full year 2019, down $2M and $12M, respectively

Adjusted EBITDA was $19M for the fourth quarter and $54M for the full year, up $3M and $6M year-over-year, respectively, not including the impact of GE’s insourcing initiatives

Cash Flow and Financial Position

Cash provided by operating activities totaled $259M for the full year of 2019

Free cash flow totaled $46M for the full year of 2019

Capital expenditures were $224M for the full year of 2019

CBB has a gross margin of 48.90% and an operating margin of 4.80% while its profit margin remained -5.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 11.80% for this year while earning per share for the next 5-years is expected to reach at 35.80%.  The company has 52.81M of outstanding shares and 47.68M shares were floated in the market. According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.31% from the mean of 20 days, 8.06% from mean of 50 days SMA and performed 87.78% from mean of 200 days price. Company’s performance for the week was -7.60%, 8.03% for month and YTD performance remained 32.38%.

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