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Stock Market & Financial Investment News

News Breaks
June 16, 2014
10:41 EDTDISH, TMUS, DTV, T, SDISH rises after JPMorgan upgrades, sees potential for T-Mobile deal
Shares of satellite broadcaster DISH Network (DISH) are climbing after JPMorgan upgraded the stock, saying that the company has many potential catalysts and its the shares have an attractive risk/reward ratio. WHAT'S NEW: Over the next 18-24 months, DISH's stock could be boosted by a number of events, including the company's acquisition of all or part of T-Mobile (TMUS), JPMorgan analyst Philip Cusick wrote in a note to investors earlier today. Such a deal could accelerate the growth of both companies, the analyst contended. Additionally, DISH could rise as a result of partnerships it could form with carriers in order to utilize some of its spectrum, the analyst contended. Alternatively, DISH could conclude to sell or lease other parts of its spectrum, added the analyst. Cusick summarized that DISH has many potential positive catalysts and its shares are unlikely to decline significantly, upgrading the stock to Overweight with a $72 price target. WHAT'S NOTABLE: AT&T (T) recently agreed to buy DISH's satellite broadcasting peer DirecTV (DTV). However, Cusick does not believe that DISH is currently looking to sell itself. Various media reports have claimed that Sprint (S) is in talks about a potential merger with T-Mobile. Reuters said in early June that Sprint agreed to purchase T-Mobile for approximately $40 per share. CNBC's David Faber reported last week, citing sources, that Sprint and T-Mobile have agreed on a $2B break-up fee for their potential tie-up transaction. PRICE ACTION: In early trading, DISH rose 1.3% to $59.75.
News For DISH;TMUS;DTV;T;S From The Last 14 Days
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August 18, 2014
18:04 EDTSSprint to offer $100/month 20GB shared data plan through 2015, Bloomberg reports
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11:06 EDTSSoftBank chooses Sharp as low-cost smartphone partner, WSJ reports
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09:16 EDTDTVDreamWorks Animation appoints Fazal Merchant as CFO effective September 15
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08:47 EDTT, S, TMUSRaymond James to hold a summit
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August 15, 2014
06:15 EDTTMUS, T, SSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
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August 14, 2014
17:16 EDTDTVPaulson & Co gives quarterly update on stakes
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16:54 EDTDTVBerkshire Hathaway gives quarterly update on stakes
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14:13 EDTSOmega Advisors gives quarterly update on stakes
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12:01 EDTTMUSThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
09:39 EDTDISHDISH accepts first Bitcoin payment
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09:07 EDTTMUS, T, SMorgan Stanley to hold a conference
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05:58 EDTTMUST-Mobile CFO says Iliad offer 'flattering,' but 'inadequate,' WSJ reports
T-Mobile (TMUS) CFO Braxton Carter has called Iliad's (ILIAF) proposal to buy 57% of the company for $15B "very flattering," but "inadequate," the Wall Street Journal reports, citing comments made at an investor conference. Carter added, "I think rarely people come with their best bid to start." Reference Link
August 13, 2014
11:27 EDTDTV, TJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
10:01 EDTTMUST-Mobile files petition for reconsideration of FCC spectrum order
T-Mobile said it has filed a petition for reconsideration of the FCC's Mobile Spectrum Holdings Order. It stated, "While the Commissionís approach to mobile spectrum holdings in the upcoming 600 MHz incentive auction represents one of the most innovative and forward-thinking regulations in its eighty-year history, we seek reconsideration because the Order stops short of adopting rules sufficient to prevent the two largest incumbent carriers from dominating the market. Our petition respectfully requests the Commission adjust its rules for the incentive auction by increasing the amount of low-band spectrum reserved for competitive carriers and modifying when auction revenues would trigger access to this reserve."
06:58 EDTDISH, TMUSDish Network an 'unlikely' buyer for T-Mobile, WSJ reports
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August 12, 2014
17:26 EDTS, DISH, TMUSDish viewed as favored T-Mobile acquirer after Sprint drops bid, Bloomberg says
Dish Network (DISH) is viewed as a favorite to acquire T-Mobile (TMUS) after Sprint (S) dropped its plans to acquire the company last week, according to Bloomberg, citing analysts at Moody's Investors Service and Macquarie Group. Being an industry outsider, Dish wouldn't reduce the number of competitors in the wireless market, which would please regulators, Bloomberg added. Reference Link
14:55 EDTTFrontier Communications confirms settlement with Connecticut AG over AT&T deal
Frontier Communications (FTR) announced it has reached an agreement with the Connecticut Attorney General and the Office of Consumer Counsel related to Frontierís proposed acquisition of AT&T's (T) incumbent local exchange operations and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut. As part of the transaction, Frontier will also acquire AT&T's U-verse video and satellite TV operations in Connecticut. Highlights of the agreement state that for a period of not less than 36 months after the closing of the transaction (i) there will be no increases in the basic primary residential rate in effect for transferred exchanges as of the closing date; and (ii) where available, Frontier has agreed to offer its basic broadband and stand-alone basic broadband product at or below Frontierís current prices. In addition, Frontier has committed to incremental capital investments totaling $63M over 2015, 2016 and 2017 to expand and improve broadband in Connecticut.
August 11, 2014
18:05 EDTSSprint CEO to utilize price cuts to 'compete aggressively', Bloomberg reports
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15:45 EDTTSpherix subsidiary settles with AT&T, files joint motion to dismiss
Spherix (SPEX) subsidiary Guidance IP has reached a settlement with AT&T (T), according to a court document filed August 7 in the U.S. District Court for the Northern District of Texas. The settlement stems from a lawsuit filed on December 6, 2013 by Spherix for infringement of its patent entitled, "System and Method for Determining the Geolocation of a Transmitter." Shares of small-cap Spherix are up 19% to $1.75 in later afternoon trading following the circulation of the court filing. Reference Link
06:01 EDTSStocks with implied volatility movement; S APC
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