Why Is UNITI GROUP INC NEW (UNIT) Stock Down Today?

Uniti Group shares fell 16.45% to $4.36 on Monday, driven by a third-quarter earnings report that missed expectations on earnings per share despite a raise in full-year revenue guidance. The stock closed near its session low after trading in a wide range, reflecting investor reaction to the company’s financial results and updated outlook.

What Happened

Uniti Group reported third-quarter 2026 GAAP earnings per share of negative $1.03, a miss of $0.45 against consensus estimates. The company recorded a net loss of $244 million for the quarter. While the top-line performance was strong, with revenue up 199.7% on a trailing twelve-month basis, the bottom-line weakness weighed on the stock. The company raised its fiscal year 2026 revenue guidance to a range of $3.665 billion to $3.695 billion, up from the previous estimate of $3.63 billion to $3.68 billion. This new outlook sits slightly above the consensus estimate of $3.662 billion. The company also noted two consecutive quarters of record wave bookings, with new fiber infrastructure bookings contributing approximately $1.9 million in monthly recurring revenue, up 20% year over year.

What The Data Shows

The stock opened at $5.27, a 1.0% gap up from the prior close of $5.22. It reached a session high of $5.35 at 10:20 AM ET before sliding to a session low of $4.32 at 12:30 PM ET. Volume reached 3.2 million shares, which is 1.1 times the three-month daily average. The company’s market capitalization stands at $1.3 billion with a price-to-earnings ratio of 1.6. The 52-week range is $4.74 to $12.94. On the date of the report, the stock printed 19 fresh 52-week lows and five fresh 52-week highs. Shareholders’ equity turned negative at $(79.5) million, compared to $380.4 million at the end of the previous year, while total debt stands at $11.3 billion. A recent congressional filing disclosed that Donald J. Trump sold between $1,001 and $15,000 worth of shares on July 29, 2026.

What To Watch

Investors will monitor the company’s ability to convert its raised revenue guidance into improved profitability in the coming quarters. The negative shareholders’ equity and high debt levels remain key factors in assessing the company’s financial stability as it continues to expand its fiber infrastructure network.