Array Digital Infrastructure, Inc. (AD)
Communications · NYQ
Price as at 1 Oct 2026, 01:20 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Array Digital Infrastructure, Inc. trades at $33.72, which is 127% below the $76.47 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 69 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 8.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
AD dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $21.25 | 2 |
| 2025 | $23.00 | 1 |
| 2013 | $5.75 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
AD earnings and analyst estimates
Recommendation mix, 4 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Array Digital Infrastructure, Inc.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
AD passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
5 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Josh Resnick, Jericho Capital Asset Management L.P.$65.84M · 0.5% of book
- Mario Gabelli, GAMCO INVESTORS, INC. ET AL$29.92M · 0.3% of book
- Howard Marks, OAKTREE CAPITAL MANAGEMENT LP$25.27M · 0.3% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$7.30M · 0.0% of book
- Joel Greenblatt, Gotham Asset Management, LLC$606.8K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
AD peers
The largest companies in the same industry (Telecom Services), then in the same sector.
- NTTYY NTT, Inc.
- AMXOF América Móvil, S.A.B. de C.V.
- KDDIF KDDI Corporation
- SCMWY Swisscom AG
- VOD.L Vodafone Group Public Limited Company
- MTNOY MTN Group Limited
- TEFOF Telefónica, S.A.
- TELNF Telenor ASA
Every communications company we cover is on the Communications hub.
Common questions
Is Array Digital Infrastructure, Inc. (AD) undervalued?
Against our fair value estimate of $76.47, AD at $33.72 is 127% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own AD?
5 of the institutions we track reported a position in AD in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is AD's P/E ratio?
AD trades at 8.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its AD data?
Fundamentals for AD come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 01:20 UTC and is delayed. Our data quality score for this company is 96/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for AD, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.