Crown Fiber Announces Expansion of Projects in Idaho
LOS ANGELES, CA / ACCESSWIRE / June 24, 2024 / Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in constructing fiber optic networks, today announced that it expanded its current scope of work with an existing customer in Idaho. The project encompasses horizontal directional drilling and fiber to the home.
Crown Electrokinetics Announces 1-for-150 Reverse Stock Split
LOS ANGELES, CA / ACCESSWIRE / June 21, 2024 / Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in constructing fiber optic networks, announces that it expects to implement a 1-for-150 reverse stock split on its common stock with trading to begin on a split-adjusted basis at the market open on Tuesday, June 25, 2024. Trading in the common stock will continue on the Nasdaq Capital Market under the symbol "CRKN".
Crown Castle's Problems Aren't Over
Crown Castle faces pressure from activist investors to sell their fiber business. Management underwent their operational review and is currently working through their strategic review. Crown Castle recently lowered their eFY24 forecast and laid off 10% of their workforce to manage down costs. Crown Castle may need to sell their fiber business in order to cover both their future debt maturities and their dividend rate, or refinance at a higher rate.
Crown Castle: There Are Many Positives Beyond The Sprint Churn
Crown Castle International is a U.S.-focused cell-tower REIT with a high dividend yield of 6.5%. The share price has plummeted due to high-interest rates and T-Mobile's acquisition of Sprint. Despite underwhelming near-term performance, CCI remains a solid investment with potential for price appreciation due to sound business model and growth prospects.
S&P 500 Gains and Losses Today: Index Hits Record as Nvidia Takes Market Cap Crown
Major U.S. equities indexes ticked higher on Wednesday as artificial intelligence (AI) chip behemoth Nvidia (NVDA) overtook Microsoft (MSFT) as the largest publicly traded company by market capitalization.
U.S. Sen. Sheldon Whitehouse Just Bought Crown Castle Stock and Unloaded Diageo Stock.
Diageo has been struggling, and management has forecast a weaker first half of 2024. Crown Castle has been exceeding analysts' estimates, and its shares are in the bargain bin.
3 Comeback Stocks Set to Reclaim Their Crown
Spotting comeback stocks is important since they frequently indicate underlying strength and the prospect of large returns. Fundamentally, these stocks can rise from their current lows to all-time highs.
Crown Castle cuts annual profit forecast, reduces workforce amid fiber business review
Telecommunications infrastructure company Crown Castle on Tuesday cut its annual profit forecast and said it will reduce its workforce by 10% as a result of an operational review of its fiber business.
Return Of The King: Nvidia Snags This Crown While Battling Apple
Returning to its AI throne, Nvidia stock leads this month's list of new buys by the best mutual funds, which also bet big on 12 other stocks.
Crown (CCK) Up 0.6% Since Last Earnings Report: Can It Continue?
Crown (CCK) reported earnings 30 days ago. What's next for the stock?
Crown Castle founder turned activist handed strong defeat at shareholder meeting
Crown Castle founder Ted Miller's bid to secure four board seats at the telecommunications giant was resoundingly rejected by shareholders on Wednesday.
Crown Prince Mohammed Bin Salman Postpones Japan Visit Amid Saudi King's Health Concerns
Saudi Crown Prince has postponed his scheduled trip to Japan due to concerns over the health of his father, King . : The Crown Prince’s visit, which was set to take place from May 20 to May 23, has been postponed, Bloomberg reported. This would have been his first visit to Japan since 2019. The two nations have agreed to reschedule the visit, but no new dates have been announced. The Crown Prince was expected to meet with Prime Minister during his trip. The two were also set to sign an agreement aimed at strengthening supply chains for liquid hydrogen, a key component in Japan’s green energy projects. The postponement comes after the Saudi Press Agency reported that King Salman is suffering from lung inflammation and will be receiving treatment at Al Salam Palace in Jeddah. The Crown Prince, who manages most of the kingdom’s day-to-day affairs, is next in line to the throne. : The postponement of the Crown Prince’s visit to Japan is significant in the context of the ongoing efforts to strengthen economic ties between the two countries. Just a week ago, it was reported that the Crown Prince was set to visit Japan to further bolster the economic relationship between the two nations. Japan is a significant trade partner of Saudi Arabia, with their trade volume reaching $42 billion last year. Moreover, the postponement comes at a time when Saudi Arabia is in discussions with the U.S. for a security pact, and the Crown Prince is playing a crucial role in these negotiations. The health of the King and its potential impact on the leadership of Saudi Arabia could have implications for these discussions. Photo via Kremlin on Wikimedia Commons Engineered by , Edited by The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
