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Why is OPTU down 17.32%?
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OPTU:NYSE
Optimum Communications Inc
$0.52
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-17.32%(-0.11) 1D
$0.53
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+1.77% (+0.0093)bedtimeAfter hours
Closed: Nov 13, 4:00:04 PM GMT-5 · USD
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All symbols
| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for OPTU...
Open
$0.63
High
$0.64
Low
$0.52
Mkt. cap
143.49M
Avg. vol.
3.51M
Volume
6.13M
52-wk high
$2.14
52-wk low
$0.48
Beta
1.34
Shares outstanding
283.69M
No. of employees
10K
Open
$0.63
High
$0.64
Low
$0.52
Mkt. cap
143.49M
Avg. vol.
3.51M
Volume
6.13M
52-wk high
$2.14
52-wk low
$0.48
Beta
1.34
Shares outstanding
283.69M
No. of employees
10K
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Profile
Optimum Communications, Inc. is an American telecommunications provider controlled by French–Israeli businessman Patrick Drahi. The company primarily provides digital cable television and broadband services in the New York metropolitan area as well as in several Midwestern and Southern U.S. states. With approximately 4.9 million residential and business customers in 21 U.S. states as of 2017 it is the fourth-largest telecommunications company in the United States. Optimum is based at One Court Square in Long Island City, Queens, New York City. The company's operational center is located at Cablevision's former headquarters in Bethpage, New York, on Long Island.
The company was formed via the acquisitions of Suddenlink Communications and Cablevision by Drahi's Altice in 2016. In 2017, the subsidiary went public on the New York Stock Exchange, and in 2018 was spun off from Altice as an independent company, although it still remains controlled by Drahi.
The company operates cable television and broadband services under the brand Optimum, which originated from Cablevision; the brand was extended to Suddenlink's systems in 2022, and became Altice USA's corporate name in 2025. Wikipedia
About Optimum Communications Inc
CEODennis Mathew
Employees9.5K
FoundedSep 14, 2015
Headquarters-
SectorCommunication Services
IndustryCable television
Websiteoptimum.com