Array (AD) Shares Rise—Here’s What’s Driving the Increase

Recent Developments

Array (NYSE:AD), a company specializing in wireless telecommunications, saw its stock price rise by 6.4% during the afternoon trading session. This surge followed the announcement that Array had finalized the sale of a segment of its spectrum licenses to AT&T, generating $1.018 billion from the transaction.

After the completion of this deal, Array’s Board of Directors approved a special cash dividend of $10.25 per share. This payout is set for February 2, 2026, for shareholders who are on record as of January 23, 2026. The dividend reflects the company’s commitment to returning proceeds from the asset sale directly to its investors. President and CEO Anthony Carlson expressed satisfaction with the substantial value achieved through the sale and emphasized the company’s ongoing efforts to reward shareholders.

Market Reaction and Performance

Array’s stock typically experiences low volatility, with only eight instances of price swings exceeding 5% in the past year. Today’s notable increase suggests investors view the recent news as significant, though it may not fundamentally alter the market’s overall outlook on the company.

One of the most notable movements in the past year occurred five months ago, when Array’s shares climbed 4.6% after the company reported second-quarter 2025 results that outperformed analyst expectations for both revenue and earnings.

In that quarter, the regional wireless provider reported $916 million in revenue and earnings per share (EPS) of $0.36, surpassing Wall Street forecasts by 1.5% and 7.7%, respectively. This profit was a marked improvement from the $0.19 per share reported in the same period the previous year. Investors were also encouraged by a sharp rise in free cash flow margin, which increased to 27.3% from 19% year-over-year. However, despite these positive indicators, overall revenue declined by 1.2% compared to the previous year, continuing a longer-term downward trend in sales for Array.

Since the start of the year, Array’s stock has gained 5.7%. However, at its current price of $57.09 per share, it remains 25.9% below its 52-week peak of $77.01, reached in August 2025. For context, an investor who put $1,000 into Array shares five years ago would now see that investment grow to $1,792.

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