Optimum Communications
Sells Optimum-branded internet, TV, phone, mobile, business fiber, news, and advertising services.
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Profile
Serves residential and business customers in the United States through Optimum broadband, video, telephony, and mobile services, alongside business fiber, News 12, and Optimum Media. The company reports one operating segment, with broadband as its largest revenue line and video second.
Built from the Cablevision/Optimum and Suddenlink systems, the business now sells Optimum-branded broadband, video, telephony, and mobile services to residential and business customers in the United States. Enterprise and small-business revenue comes through business services and wholesale, including fiber-based telecom services.
News 12 adds hyperlocal news, while Optimum Media sells audience-based multiscreen advertising and data services. Operations are managed as one segment by the CEO, and the consumer brand has been unified after the Suddenlink and mobile rebrands.
Broadband is the largest revenue line and video is second, making connectivity and pay-TV execution central to the business. Customer relationships and residential broadband, video, and telephony counts have been declining, while mobile lines have grown; fiber and fixed-wireless competitors shape the operating backdrop.
Company facts
Key statistics
Year to date −41.0% · Average volume (30d) 2.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 15, 2026 | Citigroup | Downgrade | Neutral | Sell | ||
| May 14, 2026 | UBS | Reiterate | Neutral | $1 | ||
| May 12, 2026 | Evercore ISI | Target | $2 | $1.25 | ||
| May 8, 2026 | Goldman Sachs | Target | $1.75 | $1 | ||
| May 8, 2026 | Barclays | Reiterate | Equal Weight | $1 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.15 | −$0.67 | −344.4% | $2.03B | $2.02B | −0.5% | +2.60% |
| May 7, 2026Q1 FY26 | −$0.16 | −$0.10 | +37.5% | $2.07B | $2.07B | −0.4% | −4.24% |
| Feb 12, 2026Q4 FY25 | −$0.01 | −$0.03 | −200.0% | $2.13B | $2.18B | +2.5% | −0.60% |
| Nov 6, 2025Q3 FY25 | −$0.04 | −$0.12 | −200.0% | $2.13B | $2.11B | −1.2% | +0.97% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.15B | $2.15B | $2.11B | $2.18B | $2.07B | $2.02B | |
| Gross profit | $1.48B | $1.48B | $1.47B | $1.52B | $1.03B | $1.44B | |
| Operating income | $343.5M | $311.1M | −$1.16B | $397.6M | $367.5M | $373.0M | |
| Net income | −$75.7M | −$96.3M | −$1.63B | −$71.2M | −$2.88B | −$291.8M | |
| Diluted EPS | −$0.16 | −$0.21 | −$3.47 | −$0.15 | −$6.10 | −$0.67 | |
| Gross margin | 68.8% | 69.1% | 69.7% | 69.5% | 49.8% | 71.0% | |
| Operating margin | 16.0% | 14.5% | -55.3% | 18.2% | 17.8% | 18.4% |
Fiscal years (4-quarter sums)FY21 $10.09B · FY22 $9.65B · FY23 $9.24B · FY24 $8.95B · FY25 $8.59B
Balance sheet, Jun 30, 2026Cash & short-term investments $1.30B · Total debt $26.78B · Total assets $28.08B · Shareholders' equity −$5.55B
Dividends
No dividends on record.
Ownership
Shares outstanding 469.68M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Alt S.a.r.l. Next · director, 10 percent owner: | 108.73M | 23.15% | Form 4 | Jun 2, 2026 |
| Subin Neil S · 10 percent owner | 19.55M | 4.16% | Form 4 | Aug 28, 2026 |
| Dexter Goei · director | 3.55M | 0.76% | Form 4 | Jun 2, 2026 |
| Dennis Mathew · director, officer: Chairman and CEO | 2.76M | 0.59% | Form 4 | Jun 2, 2026 |
| Marc Sirota · officer: Chief Financial Officer | 1.03M | 0.22% | Form 4 | Jun 2, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Neil S. Subin | 10 percent owner | +400 | $0.8500 |
| Aug 24, 2026 | Neil S. Subin | 10 percent owner | +171,711 | $0.8350 |
| Aug 21, 2026 | Neil S. Subin | 10 percent owner | +535,191 | $0.8457 |
| Aug 20, 2026 | Neil S. Subin | 10 percent owner | +50,536 | $0.8473 |
| Aug 19, 2026 | Neil S. Subin | 10 percent owner | +1,291,471 | $0.8391 |
Peers
- Verizon
Fiber, fixed wireless, mobile, video, and business connectivity overlap
- Comcast
Cable, broadband, business services, mobile, video, and ads overlap
- Charter Communications
Spectrum mirrors the broadband, video, mobile, voice, and ad bundle
- AT&T
Fiber, Internet Air, wireless, voice, and business wireline overlap
- T-Mobile
5G home internet and mobile service pressure cable broadband bundles
- SpaceX
Starlink pressures broadband in underserved and remote markets
- EchoStar
DISH, Sling, HughesNet, and Boost overlap video, satellite, mobile
- Lumen Technologies
Enterprise fiber, CenturyLink broadband, and voice overlap selectively
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Optimum Communications | $0.9800 | −3.45% | $479.1M | — | — | 0.1 | −5.8% |
| Verizon | $49.91 | −0.34% | $209.20B | 13.0 | 9.8 | 1.5 | −0.7% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Charter Communications | $153.50 | −0.04% | $20.70B | 4.0 | 3.6 | 0.4 | −1.7% |
| AT&T | $25.98 | −0.08% | $178.16B | 8.6 | 10.7 | 1.4 | +2.3% |
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| SpaceX | $140.95 | −0.39% | $1.85T | — | 98.7 | 111.6 | — |
| EchoStar | $86.98 | −5.04% | $25.07B | — | 38.3 | 1.7 | −5.2% |
| Lumen Technologies | $6.10 | +0.91% | $6.22B | — | — | 0.5 | −9.3% |
| Median | 8.8 | 10.7 | 1.5 | −1.2% |