NCR Atleos Corporation (NATL) Covered Calls

NCR Atleos Corporation is a leader in self-service financial access, specializing in the design and management of automated teller machines (ATMs). The company operates the world’s largest independent ATM network and provides "ATM-as-a-Service" solutions for financial institutions and retailers. By integrating advanced software with its physical fleet, it enables banks to outsource operations while ensuring consumers have reliable, digital-first access to cash.

You can sell covered calls on NCR Atleos Corporation to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for NATL (prices last updated Tue 4:16 PM ET):

NCR Atleos Corporation (NATL) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
40.49 +0.49 39.56 41.51 272K 22 3.0
Covered Calls For NCR Atleos Corporation (NATL)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Mar 20 40 1.00 40.51 -1.3% -19.0%
Apr 17 40 1.95 39.56 1.1% 7.6%
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NCR Atleos Corporation (NATL) is the world’s largest independent provider of ATM infrastructure and managed services. Following its separation from the retail-focused NCR Voyix, the company has doubled down on its role as the "utility" of the global cash ecosystem. Its business model centers on the proprietary Allpoint Network, a surcharge-free ATM network that connects over 1,200 financial institutions to more than 55,000 retail locations. This network creates a powerful two-sided marketplace, helping banks expand their reach without physical branches while driving consistent foot traffic for retail partners.

The company is transitioning from a traditional hardware sales model to a high-margin, recurring revenue structure through its ATM-as-a-Service (ATMaaS) offering. Under this model, Atleos handles the entire lifecycle of the ATM—including hardware deployment, software updates, cash management, and AI-driven maintenance—for a flat monthly fee. In early 2026, the company introduced an award-winning AI-assisted service management platform that uses predictive analytics to resolve hardware issues before they cause downtime, significantly improving fleet availability for its global customer base.

Competitive Landscape

The competitive landscape for NCR Atleos includes specialized ATM manufacturers and global payment processors. Primary rivals that are publicly traded on the NYSE or NASDAQ and offer active options markets include Diebold Nixdorf, Incorporated and Euronet Worldwide, Inc.. These entities compete directly for large-scale ATM outsourcing contracts with major global banks.

Other notable competitors in the transaction processing and financial technology sectors with active options trading include Western Union and its former sibling NCR Voyix. While fintech firms focus on digital-only transactions, Atleos distinguishes itself through its unmatched physical scale, supporting over 600,000 ATMs globally. Its "dual-sided" ATM concepts—featuring simultaneous transaction screens and sustainable 3D-printed components—position it as the primary innovator in the cash-access space, a sector that remains critical for financial inclusion despite the rise of digital payments.

Strategic Outlook

Strategic innovation is focused on the expansion of "physical-to-digital" kiosk capabilities, allowing users to perform complex banking tasks like instant card issuance and cryptocurrency exchanges at the ATM. By early 2026, the company has accelerated its expansion into emerging markets, including Greece and the UK, through high-profile partnerships with UnionPay and regional co-operatives. These efforts are designed to offset the decline in cash usage in mature markets by capturing a larger share of the global self-service banking market.

The outlook involves a disciplined capital allocation strategy prioritized around debt reduction and a $200 million share repurchase program. Management is focused on achieving mid-teens EBITDA growth through the continued conversion of its massive installed base into recurring ATMaaS contracts. By leveraging its new AI-led automation strategy to drive operational efficiency and optimizing its global service engineer network, the company aims to solidify its position as the indispensable infrastructure partner for the world’s financial institutions.