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Stock Market & Financial Investment News

News Breaks
August 7, 2014
08:09 EDTDTEGY, TMUS, ILIAFIliad to step up pitch for T-Mobile takeover, FT says
Iliad (ILIAF) is getting ready to step up its pitch for a takeover of T-Mobile (TMUS) with approaches to its largest shareholders, though people close to the French company say its terms have not been fully communicated to T-Mobile's majority owner, Deutsche Telekom (DTEGY), according to Financial Times. Reference Link
News For TMUS;DTEGY;ILIAF From The Last 14 Days
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February 12, 2016
12:06 EDTTMUSHSBC says sell Sprint with competitive pressure mounting
Sprint (S) shares rallied in morning trading after an HSBC analyst recommended investors sell the stock due to mounting competitive pressure. Separately, the company announced yesterday that it was extending its 50% offer to customers switching from its rivals a day after majority shareholder SoftBank (SFTBF) made positive comments about the wireless carrier's turnaround, according to Bloomberg. HSBC DOWNGRADE: HSBC analyst Sunil Rajgopal this morning downgraded Sprint to Reduce from Hold and cut his price target for the stock to $1.60 from $5, saying that the carrier's competitors may challenge its turnaround efforts. Rajgopal said that pricing and packaging changes at rivals AT&T (T), Verizon (VZ) and T-Mobile (TMUS) over the past two months have forced Sprint to respond with a more aggressive offering, otherwise it may have to be content with its churn rates inching up. The analyst also lowered his long-term revenue and EBITDA forecasts for Sprint, cutting long-term EBITDA margin estimates to 31.8% from 35.4% and changing his 2016-2025 revenue CAGR to down 1.1% from up 40%. The analyst added that the company needs to show a significant improvement in its profitability or consider monetizing some of its unused or excess spectrum in order to address leverage concerns. Notably, Rajgopal also downgraded Sprint on November 6 to Hold from Buy and cut his price target to $5 from $6.20. Rajgopal said at the time that the company's second quarter results were mixed with a turnaround in postpaid net addition but a rise in prepaid churn. The analyst said that he was concerned that Sprint would continue to be highly leveraged in the medium-term and that increasing competition would lead to an increase in marketing efforts. RECENT NEWS: Yesterday, Sprint announced that it was extending its 50% offer to customers from AT&T, Verizon and T-Mobile who wished to switch to its network, adding that it will pay switching fees up to $650 per line for customers switching from competitors. Marcelo Claure, the company's chief executive officer, recently said that customer demand for the 50% offer was "strong." Separately, Bloomberg reported on Wednesday that Masayoshi Son, the chairman of Sprint stakeholder SoftBank, told reporters in Tokyo that the wireless carrier is "showing definitive signs of a turnaround" and that there are "more opportunities for cost cutting at Sprint." PRICE ACTION: Near midday, Sprint rallied 7.25% to $2.73. OTHERS TO WATCH: Verizon gained 1.48%, T-Mobile was up 2.23% and AT&T was up 0.55%higher in midday trading.
08:44 EDTTMUSHSBC cuts Sprint to sell, says competitors may make turnaround difficult
As previously reported, HSBC analyst Sunil Rajgopal downgraded Sprint (S) to Reduce, the firm's equivalent of a sell rating, from Hold, saying he has turned more cautious regarding its turnaround efforts in light of moves by AT&T (T), Verizon (VZ) and T-Mobile (TMUS). The analyst, who said Sprint's high-leverage is a key concern in addition to its operational challenges, lowered his long-term revenue and EBITDA estimates and cut his price target for the stock to $1.60 from $5.
February 11, 2016
10:21 EDTTMUSSprint says extending 50% offer to customers from AT&T, T-Mobile, Verizon
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February 4, 2016
11:15 EDTDTEGYBroadcom, Analog Devices seen as beneficiaries of cellular/Wi-Fi convergence
Shares of three companies involved in cellular and Wi-Fi technology -- Broadcom Limited (AVGO), Analog Devices (ADI), and Microsemi Corporation (MSCC) -- are all trading higher after a Sterne Agee research note suggested they would benefit from a trend toward the convergences of the two communications technologies. WHAT'S NEW: On February 3, Qualcomm (QCOM) and Deutsche Telekom (DTEGY) announced that, through the aggregation of licensed and unlicensed spectrum bands, recent testing demonstrated the ability of LTE Licensed-Assisted Access, or LAA, to extend coverage and increase network capacity, while delivering seamless mobility, and ensuring a fair coexistence with Wi-Fi in unlicensed spectrum. "LAA is one of the key technologies that will help satisfy the increasing demand for data and better mobile connectivity," said Deutsche Telekom Chief Technology Officer Bruno Jacobfeuerborn. "The trial will help the wireless ecosystem and key stakeholders verify and experience the benefits of LAA first hand." WHAT'S NOTABLE: Sterne Agee CRT analyst Douglas Freedman believes the line between cellular and Wi-Fi is likely to blur, pointing to the Qualcomm-Deutsche Telekom partnership as an example of this technology trend. Freedman said three stocks that could benefit from the shift are Broadcom Limited, given its premium RF filtering and Wi-Fi connectivity solutions, Analog Devices, because of its increased data converter content in small cell applications, and Microsemi Corporation, due to its Wi-Fi access point and timing enablers. The firm has Buy ratings on all three stocks. PRICE ACTION: In late morning trading, Broadcom was trading higher by 2.2%, Analog Devices was up fractionally and Microsemi rose 1%.
09:18 EDTDTEGYSterne Agee CRT names three winners from convergence of cellular, Wi-Fi
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09:13 EDTDTEGYQualcomm, Deutsche Telekom say LAA technologies to enhance mobile broadband
Qualcomm (QCOM), through its subsidiary, Qualcomm Technologies, and Deutsche Telekom (DTEGY) announced that, through the aggregation of licensed and unlicensed spectrum bands, recent testing demonstrated LTE Licensed-Assisted Access' ability to extend coverage and increase network capacity, while delivering seamless mobility, for an enhanced end user experience. The over-the-air trial was completed on November 20, 2015, in Nuremberg, Germany after a three-week period of extensive measurement campaigns. The team measured and demonstrated LAA's extended coverage and increased network capacity in utilizing unlicensed spectrum compared to Wi-Fi, as well as smooth and opportunistic aggregation of unlicensed spectrum during drive tests which also included seamless inter-eNB handovers. The fair coexistence between LAA and Wi-Fi in unlicensed 5 GHz bands was also demonstrated under different radio interference conditions and for a varied number of interfering nodes, the companies announced yesterday.
February 2, 2016
08:04 EDTTMUSForum Global to hold a conference
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