New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 2, 2014
19:03 EDTCHTR, VZ, JNPR, CMCSA, T, CSCO, TWCFCC to increase funds for high-speed internet in schools, libraries, NYT says
The Federal Communications Commission will double the amount of money dedicated to broadband service in schools and libraries to $2B a year from $1B over the next two years, says the New York Times. Reference Link
News For T;VZ;TWC;CMCSA;CHTR;CSCO;JNPR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
July 20, 2015
14:22 EDTVZEarnings Watch: Verizon to report Q2 results after AOL acquisition
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of $1.01 on revenue of $32.45B, according to First Call. The consensus range for EPS is 93c-$1.05 on revenue of $31.75B-$33.0B. LAST QUARTER: Verizon reported first quarter EPS of $1.02 against estimates for 95c on revenue of $32B against estimates for $32.27B. Verizon Wireless had 565,000 retail postpaid net additions in Q1, a 4.8% increase compared with first-quarter 2014. At the end of Q1, the company had 108.6M retail connections, a 5.1% year-over-year increase, and had 102.6M retail postpaid connections. The company added 621,000 4G smartphones to its customer base in Q1. In light of a net decline in 3G smartphones, overall smartphone growth totaled 247,000. The company also added 820,000 4G tablets and reported net declines of 385,000 basic phones and 188,000 prepaid devices in Q1. 4G devices now constitute approximately 70% of the retail postpaid connections base, up from 49% a year ago – with the 4G LTE network handling about 86% of total wireless data traffic in Q1. At 1.03% in Q1, retail postpaid churn improved both sequentially and year over year. Retail postpaid smartphone customer churn was less than 0.9%. Verizon added 133K net new FiOS Internet, and 90K net new FiOS Video connections in Q1. Verizon had totals of 6.7M FiOS Internet and 5.7M FiOS Video connections at the end of the first quarter, representing year-over-year increases of 9.4% and 7.9%, respectively. CEO Lowell McAdam said, “We are confident in our ability to maintain momentum and continue to add value for customers and shareholders.” On May 12, Verizon announced it would acquire AOL for $50 per share, or $4.4B. The transaction was completed on June 23. On May 19, speaking at the JPMorgan Global Technology, Media and Telecom Conference, CFO Fran Shammo said he expects net phone additions in Q2. ANALYST REACTION: Street research has been mostly mixed in the weeks leading up to Verizon’s Q2 earnings report. On May 12, Macquarie downgraded Verizon to Underperform from Neutral with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believed management has made a series of questionable strategic moves beginning with the Vodafone (VOD) 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. Conversely, on July 9, Stifel resumed coverage of Verizon with a Buy rating and price target of $60 per share. PRICE ACTION: Verizon’s shares are down about 3% since the company's Q1 report. Over the past twelve months, they are down about 5.7%. In afternoon trading ahead of Tuesday's Q2 report, Verizon’s shares are up 0.6%.
July 19, 2015
15:43 EDTCMCSADisney's 'Ant-Man' leads U.S. weekend box office with $58M
For the weekend of July 19, Disney's (DIS) "Ant-Man" topped domestic box office charts at $58M. Comcast (CMCSA, CMCSK) subsidiary Universal's "Minions" landed in second place with $50.2M, while Universal's "Trainwreck" came in third with $30.2M. Disney's "Inside Out" and Universal's "Jurassic World" took fourth and fifth place at $11.7M and $11.4M, respectively. Data gathered by Rentrak.
July 17, 2015
07:41 EDTTWC, CHTRRovi ruling in Netflix suit may 'embolden' pay TV providers, says Stephens
Subscribe for More Information
07:30 EDTCHTRCablevision downgraded to Hold from Buy at Jefferies
Subscribe for More Information
07:05 EDTCSCOCisco management to meet with Deutsche Bank
Subscribe for More Information
06:13 EDTCMCSAHulu considering ad-free option, WSJ reports
Subscribe for More Information
July 16, 2015
19:27 EDTVZ, TFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
Subscribe for More Information
16:22 EDTCHTRLone Pine Capital reports 5.7% passive stake in Charter
10:45 EDTCMCSA, TWCNetflix price targets soar as Bernstein stays bearish
Subscribe for More Information
10:04 EDTVZ, TU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
Subscribe for More Information
09:55 EDTCHTR, CMCSARovi trial loss immaterial to estimates, says Piper Jaffray
Subscribe for More Information
09:08 EDTCSCOGE unveils high-speed network infrastructure for industrial internet connection
Subscribe for More Information
07:15 EDTCSCOCisco management to meet with Deutsche Bank
Subscribe for More Information
05:56 EDTTWC, CMCSANetflix ruling irrelevant to Rovi contract renewals, says B. Riley
Subscribe for More Information
05:52 EDTCMCSA, TWCRuling in Netflix case a negative for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty says court filings released after yesterday's market close indicate Netflix (NFLX) was granted a motion of summary invalidating all five of the remaining Rovi (ROVI) patents that were being contested. Auty expects Rovi to sell off on the news as investors consider what the ruling may do to the company's upcoming contract renewals with Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and DISH (DISH). The "big 4" choosing to litigate against Rovi is "certainly a possibility," but the companies have bigger patent infringement exposures than an over-the-top vendor like Netflix, Auty writes in a research note. He keeps a Neutral rating on Rovi.
July 15, 2015
16:59 EDTTWC, CHTRNetflix submits letter to FCC in support of Charter-Time Warner Cable deal
Subscribe for More Information
11:35 EDTTWC, CHTRNetflix to support Charter's acquisition of Time Warner Cable, Bloomberg says
Subscribe for More Information
08:03 EDTJNPRJuniper names Bob Worrall as SVP, Chief Information Officer
Subscribe for More Information
07:24 EDTCSCOCisco management to meet with Deutsche Bank
Subscribe for More Information
06:52 EDTTFCC ruling on AT&T-DirecTV deal could come as soon as today, CTFN says
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use