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Array Digital Infrastructure Inc (AD)
USD34.57
+0.41 (+1.19%)
US NYSE S&P 500
Communication Services Telecommunications Services
Address
500 West Madison Street 60661
Chicago, IL, US
Chicago, IL, US
CEO
Anthony Carlson
Website
arrayinc.com
IPO
1988-05-04
ISIN US9116841084
Also trades on
New York Stock Exchange · AD (USD)
New York Stock Exchange · USM (USD)
New York Stock Exchange · UZA (USD)
New York Stock Exchange · UZC (USD)
New York Stock Exchange · UZD (USD)
New York Stock Exchange · UZE (USD)
New York Stock Exchange · UZF (USD)
Description
Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services. It serves organizations, wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers. The company was formerly known as United States Cellular Corporation and changed its name to Array Digital Infrastructure, Inc. in August 2025. The company was incorporated in 1983 and is headquartered in Chicago, Illinois. Array Digital Infrastructure, Inc. is a subsidiary of Telephone and Data Systems, Inc.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Index membership
| Index | Added | Removed | Status |
|---|---|---|---|
| S&P 500 | 1957-03-04 | — | Active |
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD34.57
+0.41 (+1.19%)
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Volume Profile
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Liquidity & share structure
Average Volume
317.4K
Beta
0.20
Float Shares
15.53M
Free Float %
18.0%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.62% | -21.22% | -19.97% | -15.45% | -17.24% | -23.98% | -33.10% | +153.01% | +6.81% | +8.20% | +171.73% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (5 ratings, all time)
Buy
Price Targets & DCF
Current price
34.57
Low
52.00
+50.4%
Consensus
52.50
+51.9%
Median
52.50
+51.9%
High
53.00
+53.3%
Ratings Trend (MoM)
40% Bullish
| Rating | 2026-06 | Change |
|---|---|---|
| Strong Buy | 1 | -2 |
| Buy | 1 | -1 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
Price Target Summary
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | 1 |
52.00
+50.4%
|
| Last Quarter | 1 |
52.00
+50.4%
|
| Last Year | 5 |
55.40
+60.3%
|
| All Time | 5 |
55.40
+60.3%
|
Quality scores
Altman Z-Score
1.68
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Telecommunications Services: +7.0%-95.7% Q1'26: -94.2% (vs Q1'25)
-
EPS growth Telecommunications Services: +15.8%+823.9% ★ Q1'26: +881.0% (vs Q1'25)
-
FCF margin FCF growth · Telecommunications Services: +29.4%-2.6% Q1'26: +19.2% (vs Q1'25)
-
EBIT margin Telecommunications Services: +14.7%+103.9% ★ Q1'26: +460.7% (vs Q1'25)
-
ROIC Telecommunications Services: +6.4%+4.1% Q1'26: +26.4% (vs Q1'25)
-
Share dilution Telecommunications Services: +0.0%+1.5% Q1'26: -1.7% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×7.86× Q1'26: 1.19× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 1 EPS Ana. |
Dec 2027 4 Rev. Ana. 2 EPS Ana. |
Dec 2028 4 Rev. Ana. 2 EPS Ana. |
Dec 2029 3 Rev. Ana. |
Dec 2030 3 Rev. Ana. |
|---|---|---|---|---|---|---|---|---|
| Revenue |
3.91B
est: 3.90B (+0.2%)
|
3.77B
est: 3.76B (+0.3%)
|
162.96M
est: 1.91B (-91.5%)
|
203.07M
197.03M – 206.52M
-89.4% YoY
|
192.99M
182.52M – 201.21M
-5.0% YoY
|
200.92M
199.76M – 202.09M
+4.1% YoY
|
225.00M
215.15M – 232.06M
+12.0% YoY
|
234.00M
223.76M – 241.34M
+4.0% YoY
|
| EBITDA |
963.00M
est: 902.00M (+6.8%)
|
826.00M
est: 1.46B (-43.4%)
|
217.60M
est: 741.62M (-70.7%)
|
78.81M
76.47M – 80.15M
-89.4% YoY
|
74.90M
70.84M – 78.09M
-5.0% YoY
|
77.98M
77.53M – 78.43M
+4.1% YoY
|
87.32M
83.50M – 90.06M
+12.0% YoY
|
90.82M
86.84M – 93.67M
+4.0% YoY
|
| EBIT |
307.00M
est: 242.82M (+26.4%)
|
161.00M
est: 950.22M (-83.1%)
|
169.34M
est: 482.99M (-64.9%)
|
51.33M
49.80M – 52.20M
-89.4% YoY
|
48.78M
46.13M – 50.86M
-5.0% YoY
|
50.79M
50.49M – 51.08M
+4.1% YoY
|
56.87M
54.38M – 58.66M
+12.0% YoY
|
59.15M
56.56M – 61.00M
+4.0% YoY
|
| Net Income |
54.00M
est: 39.35M (+37.2%)
|
-39.00M
est: 3.93M (-1,092.8%)
|
290.92M
est: 32.73M (+788.9%)
|
247.89M
235.68M – 260.10M
+657.5% YoY
|
38.28M
-8.62M – 196.13M
-84.6% YoY
|
52.09M
35.05M – 184.48M
+36.1% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
| SGA |
1.37B
est: 1.33B (+2.9%)
|
1.33B
est: 1.42B (-6.2%)
|
84.44M
est: 720.49M (-88.3%)
|
76.57M
74.29M – 77.87M
-89.4% YoY
|
72.77M
68.82M – 75.87M
-5.0% YoY
|
75.76M
75.32M – 76.20M
+4.1% YoY
|
84.84M
81.12M – 87.50M
+12.0% YoY
|
88.23M
84.37M – 91.00M
+4.0% YoY
|
| EPS |
0.64
est: 0.46 (+39.9%)
|
-0.45
est: 0.05 (-1,100.0%)
|
3.39
est: 0.38 (+796.9%)
|
2.86
2.70 – 2.98
+657.5% YoY
|
1.09
-0.10 – 2.25
-62.1% YoY
|
1.26
0.40 – 2.11
+15.7% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
Recent Grade Changes (3M)
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-05-26 | JP Morgan | Overweight | Overweight | Maintain |
| 2026-05-11 | Raymond James | Outperform | Market Perform | Downgrade |
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-09 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-06-08 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-06-05 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-06-04 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-06-03 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-06-02 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-06-01 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-28 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-27 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-26 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-22 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-21 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-20 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-19 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-18 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-15 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-14 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-13 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-12 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-11 | B+ | 3/5 | 1/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-08 | B | 3/5 | 1/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-07 | B | 3/5 | 1/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-06 | B | 3/5 | 1/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-05 | B | 3/5 | 1/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-04 | B | 3/5 | 1/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-01 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-30 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-29 | B | 3/5 | 1/5 | 3/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-28 | B | 3/5 | 1/5 | 3/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-27 | B | 3/5 | 1/5 | 3/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-24 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-23 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-22 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-21 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-20 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-17 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-16 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-2.24B
OE per share TTM
-25.86
Owner's Yield
-50.95%
Maintenance CapEx ratio
424.03%
Maint CapEx / Avg PPE
88.4%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
4
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 56 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Schwab International Dividend Equity ETF SCHY | 1.70% | 40.25M | 0.08% |
| 2 | State Street SPDR S&P Telecom ETF XTL | 0.74% | 4.59M | 0.35% |
| 3 | State Street SPDR MSCI EAFE StrategicFactors ETF QEFA | 0.49% | 5.05M | 0.30% |
| 4 | GMO International Value ETF GMOI | 0.42% | 2.00M | 0.60% |
| 5 | John Hancock Investments - Multifactor Developed International ETF JHMD | 0.38% | 3.62M | 0.43% |
| 6 | Schwab Fundamental International Large Company Index ETF FNDF | 0.36% | 88.21M | 0.25% |
| 7 | First Trust Small Cap Core AlphaDEX Fund FYX | 0.31% | 4.14M | 0.58% |
| 8 | State Street SPDR Portfolio Europe ETF SPEU | 0.22% | 1.60M | 0.07% |
| 9 | WisdomTree International Efficient Core Fund NTSI | 0.20% | 951.3K | 0.26% |
| 10 | State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF EFAX | 0.18% | 896.5K | 0.20% |
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
1.25
Neutral
Ratio by volume
1.51
Bullish
Buys
5
Sells
4
Shares acquired
11.5K
Shares disposed
7.6K
Cash buys
—
Cash sales
—
Net activity
+3,891
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-05-19 | Williams Xavier | Director | A-Award | A | Common Shares | 1,873 | 50.91 | 95.4K | 8,735 | D | ↗ |
| 2026-05-19 | Toomey John M | Director | — | — | Common Shares | 0 | 0.00 | — | 0 | D | ↗ |
| 2026-05-19 | Iriarte Esteban C | Director | A-Award | A | Common Shares | 1,873 | 50.91 | 95.4K | 11,426 | D | ↗ |
| 2026-05-19 | HARCZAK HARRY J JR | Director | A-Award | A | Common Shares | 1,873 | 50.91 | 95.4K | 21,247 | D | ↗ |
| 2026-04-03 | Carlson Anthony J | Director / Officer | M-Exempt | A | Common Shares | 1,742 | 48.00 | 83.6K | 10,671 | D | ↗ |
| 2026-03-17 | Carlson Anthony J | Director / Officer | A-Award | A | Restricted Stock Units | 5,805 | 0.00 | — | 5,805 | D | ↗ |
| 2026-03-04 | Carlson Anthony J | Director / Officer | M-Exempt | A | Common Shares | 1,004 | 49.91 | 50.1K | 9,278 | D | ↗ |
| 2026-01-02 | Carlson Anthony J | Director / Officer | M-Exempt | A | Common Shares | 5,022 | 54.00 | 271.2K | 9,629 | D | ↗ |
| 2025-11-16 | Carlson Anthony J | Director / Officer | — | — | Peformance Share Units | 2,442 | 0.00 | — | 0 | D | ↗ |
| 2006-01-26 | NEWMAN HOWARD H | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 75,000 | — | ↗ |
| 2006-01-26 | KAPLAN KAREN | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 13,500 | — | ↗ |
| 2006-01-26 | HERINGTON CHARLES M | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 9,300 | — | ↗ |
| 2006-01-26 | DYER DAVID | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 43,500 | — | ↗ |
| 2005-05-04 | HERINGTON CHARLES M | Director | P-Purchase | A | Common Stock | 300 | 29.02 | 8.7K | 4,800 | — | ↗ |
| 2005-01-20 | NEWMAN HOWARD H | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 70,500 | — | ↗ |
| 2005-01-20 | KAPLAN KAREN | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 9,000 | — | ↗ |
| 2005-01-20 | DYER DAVID | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 39,000 | — | ↗ |
| 2004-12-13 | HERINGTON CHARLES M | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 4,500 | — | ↗ |
| 2004-11-06 | KAPLAN KAREN | Director | — | D | Stock Option (Right to buy) | 10,000 | 46.10 | 461.0K | 0 | — | ↗ |
| 2004-10-14 | Sheehan Daniel J | Officer | — | I | Common Stock | 0 | 0.00 | — | 1,301 | — | ↗ |
| 2004-01-23 | NEWMAN HOWARD H | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 66,000 | — | ↗ |
| 2004-01-23 | DYER DAVID | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 34,500 | — | ↗ |
| 2003-11-17 | KAPLAN KAREN | Director | A-Award | A | Common Stock | 4,500 | 0.00 | — | 4,500 | — | ↗ |
Executive team
Top executives
EBIT / Employee
2.82M
Shares Outstanding
86.23M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Anthony J. Carlson | President, CEO and Director | 406.7K | male |
| Colleen Thompson | Vice President of Corporate Relations | — | female |
| Eric H. Jagher | Senior Vice President & Chief Marketing Officer | — | male |
| Jane W. McCahon | Vice President & Corporate Secretary | — | female |
| Jeffrey S. Hoersch | Vice President & Controller | — | male |
| Julie D. Mathews | Director of Investor Relations | — | female |
| Kimberly Green-Kerr | Senior Vice President of Enterprise Sales & Operations | — | female |
| Robert R. Jakubek | Senior Vice President of Information Technology | — | male |
| Adriana Rios Welton | General Counsel & Chief of Government Affairs | — | female |
| Vicki L. Villacrez | EVice President, Chief Financial Officer, Treasurer & Non-Independent Director | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
| Transaction Date | Disclosed | Representative | District | Owner | Type | Amount | Link |
|---|---|---|---|---|---|---|---|
| 2020-11-19 | 2020-12-29 | Kenny Marchant | TX24 | — | Purchase | $15,001 - $50,000 | ↗ |
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for AD
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
