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Stock Market & Financial Investment News

News Breaks
July 7, 2014
11:03 EDTDTV, S, DISH, VZBarron's, analyst see further upside in DISH shares
Weekly publication Barron's and research firm Macquarie are upbeat on the outlook of satellite TV provider DISH (DISH). WHAT'S NEW: Analysts say that DISH's spectrum alone could be worth $25B after taxes in a sale, and the company is trading at a market valuation of $30B, Barron's wrote in an article published on Saturday. At that valuation, investors are giving the company little credit for its satellite TV business which is "highly profitable" but "slow growing," according to Barron's. The stock could rise 20% as investors gain a better understanding of the value of the company's spectrum, the publication stated. Meanwhile, Macquarie analyst Amy Yong raised her price target on DISH to $100 from $85 in a note to investors earlier today. In May, DISH Chairman Charlie Ergen rejected a merger with DirecTV (DTV) that would have valued DISH at $100, an SEC document showed, the analyst wrote. Ergen decided to terminate discussions about a merger because he believes the company is worth more than $100 per share, Yong believes. She thinks DISH could benefit by partnering with a telecom company such as Verizon (VZ) or Sprint (S), and predicted that the value of its spectrum could reach $80 per share later this fall. DISH shares offer the most opportunity in the pay TV space, according to Yong, who kept an Outperform rating on the shares. PRICE ACTION: In mid-morning trading, DISH lost 1% to $66.
News For DISH;DTV;VZ;S From The Last 14 Days
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May 12, 2015
07:06 EDTVZAOL volatility elevated into Verizon acquiring for $4.4B
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07:03 EDTVZVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
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07:01 EDTVZVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
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07:01 EDTVZVerizon to acquire AOL for $50 per share, or $4.4B
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06:40 EDTVZVerizon downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Verizon to Underperform with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believes management has made a series of questionable strategic moves beginning with the Vodafone deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates.
May 11, 2015
14:24 EDTVZFrontier announces HSR clearance for acquisition of certain Verizon assets
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13:01 EDTDISHDISH says involved in several non-disclosure pacts since spectrum auction
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12:46 EDTDISHDISH CEO says still a few channel partners 'I'd like' on Sling TV
Sling TV CEO says Sling TV service is focused on mobile first, not TV. Says Sling TV customers are "comfortable" looking at content on mobile devices.
12:36 EDTDISHDISH CEO says auctions represent the company's 'core skill'
Says if involved, expects to participate in the 600Mhz auction at a "high level."
12:34 EDTDISHDISH says would like to participate in 600Mhz incentive auction
Says main focus is getting through the AWS-3 auction.
12:28 EDTDISHDISH says majority of impact from programmer disputes has passed
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12:24 EDTDISHDISH says difficult to bundle without ESPN
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12:17 EDTDISHDISH CEO says Sling TV should contribute 'meaningful revenue'
Says Sling TV results are "encouraging." Comments from Q1 earnings conference call.
06:19 EDTSRadioShack trademark, other IP up for auction, WSJ reports
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06:17 EDTDISHDISH reports Q1 Pay-TV churn rate 1.65%
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06:15 EDTDISHDISH reports Q1 EPS 76c, consensus 40c
Reports Q1 revenue $3.72B, consensus $3.74B. Reports Q1 subscriber-related revenue $3.69B.
06:12 EDTDISHDISH activated 554K gross new Pay-TV subscribers
DISH activated approximately 554,000 gross new Pay-TV subscribers compared to approximately 639,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined by approximately 134,000 in the first quarter. The company closed the first quarter with 13.84M Pay-TV subscribers, compared to 14.10M Pay-TV subscribers at the end of first quarter 2014. Pay-TV ARPU for the first quarter totaled $86.01, compared to first quarter 2014 Pay-TV ARPU of $82.36. Pay-TV subscriber churn rate was 1.65% versus 1.42% for first quarter 2014. DISH added approximately 14,000 net broadband subscribers in the first quarter, bringing its broadband subscriber base to approximately 591,000. DISH added approximately 53,000 net broadband subscribers in the first quarter 2014.
06:11 EDTDISHDISH reports Q1 net income attributable $351M vs. $176M last year
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06:05 EDTVZSpherix issued standard-essential patent by USPTO
Spherix (SPEX) announced that the United States Patent & Trademark Office, or USPTO, is issuing the company another standard-essential patent. The company has received from the USPTO an issue notification for patent RE45521, set to issue on May 19. This patent is part of the same family of standard-essential patents currently being litigated against both Cisco (CSCO) and Verizon (VZ). The patented technology relates to the transmittal of data over a network and further enhances the company's existing portfolio.
May 10, 2015
18:05 EDTDTVFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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