ARRAY DIGITAL INFRASTRUCTURE, INC. (UZD) Stock Analysis

Price updated today · SEC data refreshed 2 months ago ⓘ · Not investment advice

ARRAY DIGITAL INFRASTRUCTURE, INC.

UZD Communication Services Telecommunications📄 SEC filings ↗
Valuation N/A
Long-term trend (200d) 8% below 200-day Risk 60/100 High
▾ What's in the 60/100 risk score? (higher = riskier)
Fundamental health (43%) 51/100 → +21.9
leverage 20/100 · FCF trend 90/100
Smart money (short interest + insider buying) (31%) 79/100 → +24.8
Macro backdrop (VIX, curve, credit, fear/greed + week-over-week momentum) (26%) 50/100 → +12.9
Total60/100

Contributions (weight × component score) sum to the total. This near-term score now includes fundamental health (leverage, FCF trend). See the Financial Health section for the full balance-sheet read.

💵 Price $18.97 · today 📄 Financials SEC EDGAR · refreshed 2 months ago
📍 START HERE

How to read UZD

We are not publishing an intrinsic value for this one — the section below says exactly why. Everything on this page that comes straight from the filings and the tape is still here; treat the missing valuation as a known gap, not as a verdict on the business.

Where to start — the sections that matter most for this stock
  1. 1 Reported earnings & margins ↓
    What the company actually reported — unaffected by the valuation being held.
  2. 2 Balance sheet & book value ↓
    Assets, liabilities and equity as filed.
  3. 3 Who's selling & betting against it ↓
    Insider and short-interest behaviour needs no valuation model.
Or — what are you trying to decide?
One rule first: never trade out of fear — and that includes the fear of missing out. A stock up 10% a day for three days is excitement, not data. If you can't point to the evidence behind a trade, you're more likely to lose. So whichever of these you are, check the data below before you act.
🚀
"It's surging — should I chase it?"
The momentum / FOMO trade. Before you chase, see whether the people who know it best are quietly selling into the rally.
🏷️
"Is it a cheap bargain?"
The deep-value trade. How far below assets and our value it trades — and whether it's cheap for a reason.
ⓘ A share-count quirk blocked the per-share math

The share count we read for UZD looks wrong — common for multi-class / founder-controlled filers that report shares per share-class. That makes per-share figures (including intrinsic value) misleading, so we suppressed them. The company's total financials below are sound.

What to use instead: Lean on the totals — revenue, net income, cash flow — and the balance sheet. Multi-class share counts are being corrected; once fixed, the per-share valuation returns automatically.

This note is only about the single DCF fair-value number — UZD's full financial statements, health scores, and written analysis are all below.

ⓘ Why does UZD trade at $18.97?

ARRAY DIGITAL INFRASTRUCTURE, INC. has 87.3 million shares outstanding. At $18.97 per share, the market values all outstanding UZD equity at $1.7 billion. That's market capitalization, not enterprise value — enterprise value also accounts for debt and cash (UZD carries little or no debt, so the two are close here). The share price by itself tells you almost nothing — a company can pick any share price by splitting or issuing more shares. What matters is the total value (Market Cap?Market Cap — The total dollar value the market is assigning to the entire company.
Why it matters: This is the number that actually matters when comparing companies. Two companies with the same business but different share counts have the same market cap.
Reference: Mega cap >$200B · Large $10–200B · Mid $2–10B · Small $300M–2B · Micro <$300M
Full explanation →) compared to what the business actually produces. This page values UZD in Per Share?Per Share — A company-level figure divided by total shares — what one share represents.
Why it matters: Per-share metrics are the only way to fairly compare two companies with different share counts.
Full explanation → economics — what each share represents of the underlying business. Play with the share-price calculator on the homepage →

Loading insider & short-seller data…
PEER BASKET — TIGHT COMPARABLES

How does UZD stack up against its closest peers?

We take the 8 same-industry companies most similar to UZD (similar size) and check what investors are paying for each dollar of their revenue (or profits). If UZD is much more expensive on the same yardstick, that's a red flag — unless you have a specific reason it deserves a premium. For a leveraged business, EV/EBIT and FCF yield (both in the table) are usually more reliable than EV/Sales, because revenue multiples ignore differences in margins and debt.

▾ What's "EV / Sales" in plain English?

EV (Enterprise Value) = market cap + total debt − cash. It's "what you'd pay to buy the entire company outright" — you pay the market cap to shareholders and take over their debt, but you keep their cash. EV is fairer than market cap alone because it includes the debt the new owner inherits.

EV / Sales = EV ÷ annual revenue. So "2.5×" means investors pay $2.50 of enterprise value per $1 of yearly sales. Higher = market is paying more per dollar of sales (usually because they expect future growth or fat margins).

p25 / median / p75 are the 25th, 50th (middle), and 75th percentile of the peers' multiples. Half the peers fall between p25 and p75. The median (p50) is the typical peer — that's the benchmark we compare to.

What peers trade at (p25 / median / p75)
EV / Sales?EV / Sales — For every $1 of yearly revenue, this is how many dollars investors pay to own the whole business (including debt).
Why it matters: Works for pre-profit growth companies where P/E and FCF don't apply. The most apples-to-apples cross-company multiple because it ignores accounting choices.
Reference: 1–3x for mature companies · 4–10x for software/SaaS · 10–20x for hypergrowth · >20x is rare and demanding
Full explanation →		 4.3x / 5.5x / 8.9x

Bold middle number = median peer. Half the peers trade above it, half below. Computed over 8 same-industry peers; implausible multiples excluded.

What UZD would be worth at the median peer's multiple
$11.54
If UZD traded at the typical (median) peer's EV/Sales multiple, the share price would be about $11.54.
Plain English: the stock currently trades at $18.97. That's 64.4% MORE than the peer multiple suggests. The market is paying a big premium — UZD looks expensive vs peers. Either the market thinks this stock deserves a premium (faster growth, better margins, brand moat), or it's overpriced.

⚠️ Important caveat: peer multiples only work if the peers are genuinely comparable. Always check the peer list below — if the auto-picker grabbed micro-caps or unrelated businesses, the comparison is noise. A medical-device giant priced against tiny biotech startups won't produce a useful signal.

▾ View peer list (8)
Ticker Company Industry Mcap EV/Sales EV/GP EV/EBIT FCF Yield
UZE ARRAY DIGITAL INFRASTRUCTURE, INC. Telecommunications $1.5B 9.1x — — 41.5%
UZF ARRAY DIGITAL INFRASTRUCTURE, INC. Telecommunications $1.5B 8.9x — — 42.2%
IDT IDT CORP Telecommunications $1.4B 1.1x 3.1x 13.9x 7.4%
KYIVW Kyivstar Group Ltd. Telecommunications $1.3B — — — —
ATEX Anterix Inc. Telecommunications $1.2B 198.9x — — 0.5%
UNIT Uniti Group Inc. Telecommunications $2.7B 5.5x — 46.8x 11.4%
IHS IHS Holding Ltd Telecommunications $2.8B — — — —
SHEN SHENANDOAH TELECOMMUNICATIONS CO/V Telecommunications $882M 4.3x — — 8.8%
FINANCIAL HEALTH SCREENS

Quality & solvency checks

Cheap stocks can be cheap for a reason. These screens warn when a low valuation comes paired with structural fragility.

Altman Z-Score?Altman Z-Score — A bankruptcy-risk score combining 5 financial ratios into one number. Predictive of bankruptcy within 2 years.
Why it matters: Cheap-looking stocks (low P/E or P/B) often have low Z-scores because the market knows the company is dying. Z-score warns you before you fall into a value trap.
Reference: > 3.0 = safe zone · 1.81–3.0 = grey zone · < 1.81 = distress zone
Full explanation →
Not available for this filer

The Z-score needs working capital, retained earnings, EBIT, sales and total assets from the latest balance sheet, and at least one of those isn't reported in machine-readable form here — common for foreign private issuers. We leave it blank rather than compute a distress verdict from an estimated input. It doesn't affect the reported figures in the financial tables below.

Piotroski checks
6 passed · 2 failed · 1 n/a
Partial result, not a standard F-score: 6 of 8 measurable checks passed. 1 of the 9 standard checks couldn't be measured, so this is scored out of 8, not 9 — it isn't comparable to a published F-score.
▾ The checks — what passed, what didn't (and what we couldn't measure)
  • ✓ Positive net income
    Net income $48.8M in the latest year.
  • ✓ Positive operating cash flow
    Operating cash flow $200.8M (was $882.5M the prior year).
  • ✓ Cash flow backs up reported profit
    Operating cash flow $200.8M vs net income $48.8M.
  • ✓ Return on assets improving
    Return on assets 1.0% vs -0.4% a year ago.
  • ✓ Debt load (vs assets)
    Long-term debt is 0.0% of assets vs 0.0% a year ago ($0.0M now).
  • ✗ Short-term liquidity (current ratio)
    Current ratio 0.72x vs 1.52x a year ago — below 1.0, a caution flag.
    Why this matters: The current ratio compares assets it can turn to cash within a year against bills due within a year. Below 1.0 means it may struggle to cover near-term obligations.
  • ✗ Share count (dilution)
    Share count rose 1.9% (85.6M → 87.3M year-over-year).
    Why this matters: Issuing lots of new shares splits the pie into more pieces, shrinking your slice. Stable or falling share count protects existing owners.
  • · Pricing power (gross margin) (n/a — data not reported; not scored)
  • ✓ Sales per asset (asset turnover)
    Asset turnover 0.03x vs 0.01x a year ago.

Missing data is never counted as a pass or a fail — it's shown as n/a and excluded from the denominator. Each check compares the company against its own prior year.

INTERACTIVE — TWEAK YOUR ASSUMPTIONS

What if you assume different inputs?

Here's where we land — and what happens if you change the assumptions. Drag the sliders to set your own Discount Rate?Discount Rate — The annual return you demand for taking single-stock risk instead of buying a safe Treasury or index fund.
Why it matters: Higher discount rate = stricter valuation (a stock has to produce more cash to be worth holding). Lower = more generous.
Reference: 8–12% is standard · 9–10% matches S&P 500 historical return · Below 7% is illogical for single-stock risk
Full explanation → (the annual return you demand for single-stock risk) and terminal growth; the value updates live so you can see whether the stock looks cheaper or richer. The discount rate starts at 10.0%, the figure our model used for UZD. Open Advanced to also change beta, growth and the rate path.

Note: no headline intrinsic value is published for this stock (the valuation is held for a data-quality reason — see the notes above). The calculator below is a what-if tool: the values it produces are your assumptions played out, not our estimate.

4.5% (risk-free)9-10% normal18% (deep-risk)
0%2-3% (GDP)5% (rarely sustainable)

A full intrinsic value isn't shown for UZD because the valuation is currently held for a data-quality reason (see the guardrail notes above). The reverse-DCF reading still works — it needs only the price and cash flow — but we won't publish a forward value until the underlying data passes our checks.

For comparison — the revenue growth today's price already assumes
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—

—

⚙ Advanced — tinker with every input (beta, growth, rate path, margin → full intrinsic value)
Where the discount rate comes from — discount rate = risk-free + beta × equity-risk-premium
What you'd earn risk-free from government bonds — the floor under every other rate. Slide it down to model the market expecting rate cuts (value rises); up for higher-for-longer.
The extra yearly return investors demand for owning stocks instead of safe bonds — the price of risk. History runs ~4.5–6.5%; we default to 5.5% (slightly conservative). It's an estimate, not a law — lower it if you think equities are less risky than that.
Inflation quietly eats returns: a 9% gain at 3% inflation is only ~6% in real purchasing power. The intrinsic value above is already in today's dollars (a nominal DCF cancels inflation out of both growth and the discount rate), so this doesn't change the value — it shows what's left of your return after the tax.
Higher beta → higher discount rate (sets the rate above). 1.0 = moves with the market.
What you think UZD can grow revenue for ~5 years, then fades to terminal.
For a pre-profit company: the % of revenue that eventually becomes free cash flow once mature. (Our published value uses the sector norm.)
All inputs start at the values our model used.

    Copy shareable link to this scenario →

    Price$18.97
    Model IVNot applicable — DCF couldn't price this stock. See Reverse DCF and Football Field below.

    A standard discounted cash flow?DCF — Discounted Cash Flow — sums up all future cash a business will produce, adjusted for the fact that future dollars are worth less than dollars today.
    Why it matters: It is the most fundamentally honest valuation method when applicable — but only works for companies with predictable, positive cash flow.
    Reference: Best for: mature, profitable businesses. Fails for: pre-profit growth, banks, REITs.
    Full explanation →     valuation is not meaningful for Array Digital Infrastructure, Inc. due to its declining revenue, which makes future cash flow projections highly uncertain. Investors are likely focused on the company's ability to reverse its significant revenue decline and improve its current ratio, which is below 1. The primary quantifiable risk is the -55.2%/yr revenue decline over the past four years.

    ⚠️ Operating CF declining

    As of 2 months ago

    ANATOMY

    Anatomy of a share

    What you're buying per share. Bars are at the same scale so you can see the relative size of revenue, costs, cash flow, and debt — not just read them in a table.

    UZD ARRAY DIGITAL INFRASTRUCTURE, INC. stock anatomy showing per-share revenue, operating expenses, free cash flow, and debt
    29.9%
    profit
    Where each $1 of revenue goes
    Net profit — 29.9¢ of every dollar ($0.56/sh — latest fiscal-year net income per share)
    Costs & taxes — 70.1¢ (on $1.87 revenue/sh)
    Net margin = net income ÷ revenue (most recent fiscal year).
    Plain English: $19/share buys $1.87 of revenue per share per year, generates $0.56 of net income per current share, and $1.97 of free cash flow per share. Each share carries $0.00 of debt.
    What's free cash flow / what do these mean?

    Revenue per share — how much the business earns from customers, divided by the number of shares outstanding. Top of the income statement.

    Earnings per share — profit left after operating costs, interest, and taxes, per share. Two versions appear on this page and are not interchangeable: GAAP diluted EPS uses the company's weighted-average diluted share count during the reporting period (this is the "earnings" in "price-to-earnings"); net income per current share divides annual net income by today's share count. They differ whenever the share count has changed.

    Owner-earnings free cash flow per share — the cash the business produces for shareholders. Savng's owner-earnings FCF subtracts capital expenditures and stock-based compensation from operating cash flow (SBC is a real dilution cost even though it's non-cash). This is deliberately more conservative than "standard" FCF, which subtracts only capital expenditures — so our figure is lower than the headline FCF you'll see elsewhere. FCF funds dividends, buybacks, debt repayment, and acquisitions; a company can report positive earnings yet negative FCF.

    Debt per share — total interest-bearing borrowings divided by shares. High debt-per-share next to thin FCF-per-share is a fragility signal.

    THE KEY DEBATE

    What you actually need to decide

    Every stock price is a disagreement. Here's the single thing that must go right for the bulls, the single thing that breaks the thesis, and the concrete signposts to watch so you can update your view as real results arrive.

    🐂 The Bull Case
    Operating cash flow must remain positive and the company must demonstrate a clear path to reversing the -55.2%/yr revenue decline to justify current pricing and future growth.
    🐻 The Bear Case
    The continued -55.2%/yr revenue decline, coupled with a current ratio of 0.72, implies significant operational and liquidity challenges that could erode profitability.
    📌 Signposts to watch — update your view as these print
    • Next quarter's revenue growth rate
    • Improvement in current ratio
    • Announcements of new contracts or strategic initiatives
    MOMENTUM — WHAT'S GETTING BETTER & WORSE

    The trend, in plain numbers (2024 → 2025)

    Straight from the financial statements — no model, no opinion. For a small or unprofitable company, the direction of these numbers usually tells you more than any single valuation.

    ✅ Improving
    • Revenue grew +58% to $163.0M.
    • Swung to a profit of $48.8M (from a loss the prior year).
    ⚠ Worsening
    • Free cash flow fell to $171.8M.
    WHO

    Management & Leadership

    Limited executive data available. Array Digital Infrastructure, Inc. is a telecommunications company, but specific executive names and tenures are not widely publicized or provided in the data.

    WHAT

    What They Make

    Array Digital Infrastructure, Inc. operates within the telecommunications industry, providing digital infrastructure services. Its customers are typically other businesses requiring network and data solutions.

    End Markets

    TelecommunicationsDigital InfrastructureNetwork Services

    Revenue Drivers

    Infrastructure services
    Network solutions
    Data center services
    Market Cap: 1.7BBeta: 0.53
    WHY

    Why Is It Priced Like This?

    Why Customers Pay

    Reliable network connectivity
    Scalable infrastructure solutions
    Efficient data management
    No discounted-cash-flow value for this filer We aren't publishing a discounted-cash-flow value here: the model's output failed our plausibility checks, so showing it would imply more precision than we have.

    What we use instead: earnings (P/E, EV/EBIT), book value (P/B) — computed from the figures this company does report, shown in the sections below. Those numbers are unaffected by the missing cash-flow data.

    The market's pricing for UZD is likely driven by a bet on a turnaround, given its positive net income and operating cash flow, despite a severe revenue decline. Investors are likely weighing the company's profitability against its significant revenue contraction (-55.2%/yr over 4yr) and its weak current ratio (0.72), which indicates potential liquidity issues.

    HOW

    Business Model & Valuation

    How They Make Money

    Selling digital infrastructure services
    Providing network solutions
    Offering data center capacity

    The company funds itself through its positive operating cash flow, as it is not currently buying back shares.

    Free Cash Flow DCF

    Standard FCF DCF: positive free cash flow in a sector suited for cash-flow-based valuation.

    Show advanced inputs
    RevenueGrowth-55.2%
    HistoricalFcfGrowth35.5%
    SectorDefault8.0%
    BestEstimate27.2%
    Methodblend(70% fcf_cagr, 30% sector)
    GrowthBasisper_share

    What this model does NOT do: this is a consolidated owner-earnings FCF model. Standalone segment assumptions: none. It does not project its revenue segments independently; their combined effect is embedded in the historical revenue and cash-flow trend the model extrapolates. The calculator above can only approximate a segment's impact through the single consolidated growth rate — it cannot model any one line separately. For a true segment-level view, build a separate model from the company's segment disclosures.

    WHEN

    Maturity & Competitive Position

    Growth / re-investment phase

    Moat Signals

    Established infrastructure assets
    Customer relationships
    Operational expertise

    Revenue is declining at -55.2%/yr over 4 years, while net income has been positive in 4 out of 5 years.

    WHERE

    Geography & Markets

    Not available from current data sources. The company operates within the telecommunications sector, but specific geographic revenue mix is not provided.

    Geographic Risks

    Revenue concentration risk due to declining sales
    Liquidity risk given current ratio below 1
    SIGNALS

    Market Signals

    These are timing signals, not value signals — they describe the stock's recent price behavior, not what the business is worth. Use them for the "the thesis looks good, but is now the moment?" question. Each tile below explains what it's saying.

    Model neutral, tape bearish
    RSI?RSI — Relative Strength Index — a 0-100 momentum gauge. Above 70 = overbought; below 30 = oversold.
    Why it matters: Short-term contrarian indicator. Extreme readings often precede mean reversion, though not always.
    Reference: 30–70 normal · >70 overbought · <30 oversold
    Full explanation →     (14)    27.2OversoldHeavily sold off recently — sometimes a bounce setup, sometimes a falling knife.
    MACD?MACD — Moving Average Convergence Divergence — compares a fast and a slow price trend to gauge momentum direction.
    Why it matters: When the fast line crosses above the slow line, short-term momentum is turning up; below, turning down. A timing cue, not a value signal.
    Reference: Line above signal = bullish momentum · below = bearish
    Full explanation →    BearishLine below signalThe fast trend is below the slow trend — short-term momentum is currently downward.
    50-Day Average$20.01Price below (-5.2%)Price below its 50-day average = near-term downtrend.
    200-Day Average$20.71Price belowThe 200-day line is the long-term trend divider — above it is generally considered a bull market for the stock.
    50 vs 200 CrossDeath50-day below 200-dayA "death cross" — the medium trend is below the long trend (often read as bearish).

    Technicals describe price, not the business. A great company can have a "bearish" tape (a buying chance) and a weak one a "bullish" tape (a trap). Pair these with the valuation and health sections above.

    QUALITY

    Data Quality & Risk Flags (6 notes — click to expand/collapse)
    MEDIUM Operating CF declining
    Guardrail Notes (5)
    • Latest FCF ($0.2B) is 3.5x net income ($0.0B) - using 3yr avg FCF to reduce one-time inflation.
    • Growth capped at 25%/yr: the company is buying back 0% of shares per year on top of the underlying business growth, which would push per-share growth above 25% — we cap that to keep the model conservative.
    • Illiquidity discount 7% applied (small/micro-cap — harder to exit, demand a margin).
    • Extreme valuation (P/IV 0.0358x, IV $530.24 vs price $19.00); output dominated by data/units issue (often a multi-class share-count mismatch). Suppressed.
    • DATA UNAVAILABLE: per-share values suppressed due to missing/unreliable shares data.
    FINANCIALS

    Financial Statements (5-year tables — click to expand)

    From ARRAY DIGITAL INFRASTRUCTURE, INC.'s SEC filings (EDGAR).

    Income (5yr)

    YearRevenueNet IncomeEPS
    2025163.0M48.8M$0.56
    2024102.9M-39.4M$-0.46
    2023100.5M54.5M$0.63
    20224.1B30.0M$0.35
    20214.0B155.0M$1.77

    Cash Flow (5yr)

    YearOperating CFCapEx− SBC & adj.Free Cash Flow
    2025 200.8M 27.2M 1.8M 171.8M
    2024 882.5M 18.5M — 861.3M
    2023 866.9M 40.6M — 825.1M
    2022 832.0M 602.0M 24.0M 206.0M
    2021 802.0M 724.0M 27.0M 51.0M

    How we define FCF: operating cash flow − capital expenditure − stock-based compensation (owner-earnings basis — SBC is a real cost to shareholders even though it's non-cash). Latest year: 200.8M − 27.2M − 1.8M (SBC & adj.) = 171.8M. This is the same owner-earnings FCF definition the valuation model uses, though the DCF's starting value is a trailing 3-year average, not this single year.

    Balance Sheet

    Total Assets4.7B
    Total Liabilities—
    Equity2.6B
    PG
    Methodology by Pouyan Golshani, MD — founder of Gighz. Savng was built by a physician for busy professionals: every number on this page comes from SEC filings (EDGAR) and FINRA data through transparent, rules-based models — no analyst opinions, no hidden inputs. How we calculate every number →
    ⚠️ Not investment advice. Automated model outputs, last refreshed May 30, 2026 (the analysis-refresh date, not the latest filing period). All models have blind spots. Full disclaimer →
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