Sign in

    Nick Del Deo • MoffettNathanson LLC

    Nick Del Deo's questions to Cogent Communications Holdings Inc (CCOI) leadership

    Nick Del Deo's questions to Cogent Communications Holdings Inc (CCOI) leadership • Q2 2025

    Question

    Nick Del Deo of MoffettNathanson LLC asked if the number of provisioned but not yet billed wavelengths increased quarter-over-quarter and questioned what is causing bidders for the data center assets to hesitate in posting firm deposits.

    Answer

    Dave Schaeffer, Founder & CEO, confirmed that the number of installed but unbilled waves increased "meaningfully" quarter-over-quarter, as customers were surprised by the rapid provisioning times. He attributed the data center bidder hesitation to two factors: operators struggling to get capital committed and private equity sponsors wanting to de-risk their investment by seeing end-user contracts for the assets, which currently have no recurring revenue.

    Ask Fintool Equity Research AI

    Nick Del Deo's questions to SBA Communications Corp (SBAC) leadership

    Nick Del Deo's questions to SBA Communications Corp (SBAC) leadership • Q2 2025

    Question

    Nick Del Deo of MoffettNathanson LLC asked for feedback from other carriers in Central America regarding access to the newly acquired Millicom towers and inquired about the intended use of proceeds from the Canadian asset sale.

    Answer

    President and CEO Brendan Cavanagh reported that feedback on the Millicom towers has been 'quite positive' and potentially better than expected, as competitors see an opportunity to close network gaps. Regarding the Canadian sale proceeds, he described them as fungible, contributing to a general pool of capital used for the next Millicom closing, debt reduction, or share buybacks, ultimately helping to manage leverage.

    Ask Fintool Equity Research AI

    Nick Del Deo's questions to Lumen Technologies Inc (LUMN) leadership

    Nick Del Deo's questions to Lumen Technologies Inc (LUMN) leadership • Q2 2025

    Question

    Nick Del Deo questioned the EBITDA implications of temporary rate increases in Public Sector Harvest revenue and asked about the cadence of PCF deals, probing whether it was mainly driven by the complexities of new construction.

    Answer

    EVP & CFO Chris Stansbury noted the public sector rate increases were a mix of cost offsets and temporary payments, declining to quantify further. President & CEO Kate Johnson confirmed the PCF deal cadence is dictated by new route construction complexity, stressing a disciplined approach focused on utilizing existing assets rather than speculative builds.

    Ask Fintool Equity Research AI

    Nick Del Deo's questions to Equinix Inc (EQIX) leadership

    Nick Del Deo's questions to Equinix Inc (EQIX) leadership • Q2 2025

    Question

    Nick Del Deo of MoffettNathanson LLC inquired about the drivers behind the strong interconnection additions in Q2 and the expected trend for this metric in upcoming quarters.

    Answer

    CEO Adair Fox-Martin attributed the 6,200 net interconnection additions to robust demand from cloud and AI expansion activities. She explained that customers are securing their network presence for future workloads, driving pull-through for products like Fabric Cloud Router and Network Edge, and expressed confidence in the continued growth of this franchise.

    Ask Fintool Equity Research AI

    Nick Del Deo's questions to Equinix Inc (EQIX) leadership • Q2 2025

    Question

    Nick Del Deo of MoffettNathanson LLC inquired about the drivers behind the significant step-up in interconnection additions in Q2 and the outlook for this metric, given its recent volatility.

    Answer

    CEO Adair Fox-Martin attributed the strong 6,200 net additions to cloud and AI expansion activities, which drove interconnection revenues up 8% year-over-year. She noted that this growth reflects customers securing their network presence for future workloads and highlighted the pull-through from products like Fabric Cloud Router and Network Edge, expressing confidence in the franchise's continued growth.

    Ask Fintool Equity Research AI

    Nick Del Deo's questions to American Tower Corp (AMT) leadership

    Nick Del Deo's questions to American Tower Corp (AMT) leadership • Q2 2025

    Question

    Nick Del Deo sought clarification on the U.S. customer delay, asking if it was a longer book-to-bill cycle or delayed applications. He also questioned CoreSite's supply chain risk management and asked for the financial contribution from the new DE1 data center.

    Answer

    President & CEO Steven Vondran confirmed the issue is a longer book-to-bill cycle, not a lack of applications, calling it a pure timing issue. He explained CoreSite manages supply chain risk by pre-buying long-lead items. EVP, CFO & Treasurer Rod Smith specified the DE1 acquisition is expected to contribute roughly $10 million in property revenue to the 2025 outlook.

    Ask Fintool Equity Research AI

    Nick Del Deo's questions to Crown Castle Inc (CCI) leadership

    Nick Del Deo's questions to Crown Castle Inc (CCI) leadership • Q2 2025

    Question

    Nick Del Deo from MoffettNathanson asked for clarification on the sharp projected increase in discretionary CapEx for the second half of the year and whether the $10 million G&A reduction was related to tower-specific or shared overhead.

    Answer

    CFO Sunit Patel and Interim CEO Daniel Schlanger explained that the discretionary CapEx increase is due to backend-loaded spending, including a planned step-up in land purchases and systems investments. They clarified that the G&A savings are a result of general efficiencies across both corporate and tower business levels, continuing the benefits from cost reduction actions taken in the prior year.

    Ask Fintool Equity Research AI