New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 17, 2014
14:06 EDTVZ, TMUSEarnings Preview: Analyst sentiment positive on Verizon ahead of Q4 report
Verizon Communications (VZ) is expected to report fourth quarter earnings before the market open on Tuesday, January 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 EPS of 65c on revenue of $31.03B, according to First Call. The consensus range for EPS is 61c-70c on revenue of $30.7B-$31.33B. LAST QUARTER: Verizon reported Q3 adjusted EPS of 77c against estimates for 74c on revenue of $30.28B against estimates for $30.16B. Verizon reported Q3 wireless retail customers increased 5.5% to 101.2M, with wireless retail postpaid churn of 0.97%. On the company’s Q3 earnings conference call, CFO Fran Shammo said he expected the business spending environment in Q4 to be similar to Q3. He added that in the short-term, he thought wireless growth could continue at an 8% pace, but over the long-term that was, "probably a high aspiration.” On November 12 at the Wells Fargo Technology, Media & Telecom Conference, Shammo said the company was “right on target” to close the Verizon Wireless deal sometime in Q1. On January 6, T-Mobile (TMUS) agreed to acquire 700 MHz A-Block spectrum licenses from Verizon Wireless for $2.365B, and transfer certain AWS and PCS spectrum licenses. STREET RESEARCH: Street research has been positive in the weeks leading up to Verizon's Q4 earnings report. On October 18, Deutsche Bank upgraded Verizon to a Buy from Hold citing wireless operating momentum and valuation. Deutsche raised its price target on shares to $56 from $49. On December 16, Macquarie upgraded Verizon to Outperform from Neutral. On December 19, Verizon was assumed with a Buy at Jefferies. PRICE ACTION: Verizon shares are trading modestly lower versus three months ago, but are higher by approximately 15% over the past twelve months. In afternoon trading ahead of Tuesday's earnings report, Verizon’s shares are flat.
News For VZ;TMUS From The Last 14 Days
Check below for free stories on VZ;TMUS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 26, 2014
08:44 EDTVZ, TMUSBest Buy CFO says mobile phone category 'complicated to forecast'
Subscribe for More Information
August 25, 2014
11:06 EDTTMUSDISH evaluating bid for T-Mobile, says dealReporter citing sources
Subscribe for More Information
09:03 EDTTMUST-Mobile quadruples Simple Starter data with new option
Subscribe for More Information
08:06 EDTVZVerizon to invest $40M to expand on-site green energy program
Subscribe for More Information
06:21 EDTVZSpherix announces first trial of Nortel patents scheduled against Verizon for Q1
Spherix (SPEX) announced that on August 19, the Honorable Gerald Bruce Lee, United States District Judge for the Eastern District of Virginia, in Case No. 1:14-cv-00721 -GBL-TCB, issued a scheduling order in the company's patent litigation against Verizon Services; Verizon South; Verizon Virginia; Verizon Communications; Verizon Federal; Verizon Business Network Services; MCI Communications Services, collectively Verizon (VZ). The judge ordered both parties to appear for a pretrial conference on September 10, and ordered discovery to be complete by December 12. The order also states the trial of this case will be within four to eight weeks after the December 18 final pretrial conference.
August 22, 2014
09:36 EDTVZActive equity options trading on open
Subscribe for More Information
05:28 EDTTMUSSoftbank capital raise could be used for acquisitions, Bloomberg says
Subscribe for More Information
August 21, 2014
14:11 EDTVZGogo advances after blog discusses takeover speculation
Subscribe for More Information
13:44 EDTVZVerizon could be interested in Gogo spectrum, says Wells Fargo
Wells Fargo notes trade publication Runway Girl Network posted an article about Verizon's (VZ) potential interest in Gogo. Wells calls the article's argument that aviation broadband is an extension of terrestrial broadband and could be complement Verizon's wireless service "logical," and says Verizon could also be interested in Gogo's spectrum. Wells sees compelling arguments against Verizon being interested in Gogo, but notes that at current valuations, Verizon could acquire Gogo close to the value of the underlying spectrum and get the business for free, which the firm says "isn't a bad trade." Wells has a Market Perform rating on Gogo.
13:16 EDTVZ, TMUST-Mobile offers free data to users who recruit new customers to its network
T-Mobile (TMUS) is offering its current Simple Choice customers a free unlimited LTE data plan upgrade for a full year when they recruit a Sprint (S), Verizon (VZ), or AT&T (T) customer to its network. The new referred customer will also receive a full year of unlimited LTE data for free as well. If a Simple Choice customer who recruits a new user to T-Mobile's network already has an unlimited LTE data plan, they will receive a $10 credit each month for twelve months. The referral plan starts August 29. Reference Link
11:49 EDTVZ, TMUSSprint announces $60 per month unlimited wireless plan
Sprint (S) announces an unlimited wireless plan for $60. The plan provides consumers unlimited talk, text and data while on Sprint's network for $60 per month, a $20 savings compared to T-Mobile's (TMUS) $80 per month unlimited plan, the wireless carrier said. The Sprint $60 Unlimited Plan is available to both new and existing Sprint customers starting tomorrow, August 22. To qualify for the plan, customers must purchase their device through Sprint Easy Pay, pay full retail price or bring their own compatible device.
09:37 EDTVZActive equity options trading on open
Subscribe for More Information
09:36 EDTVZGogo strength attributed to takeover speculation in blog post
The early move higher in shares of Gogo (GOGO) is being attributed to a blog post from Runway Girl Network. The post stated, "Wall Street is now buzzing that Verizon might be studying a potential joint venture, acquisition or partnership with Row 44 competitor, Gogo." Shares of Gogo are up 3% to $17.36 in pre-market trading. Reference Link
05:58 EDTVZVerizon says not in talks to set up another app store, Re/code reports
In response to a report from The Information that said Verizon was looking to set up another app store, company spokeswoman Debra Lewis told Re/code that the company "has no plans to do that. Been there. Done that." Verizon closed its homegrown Verizon Apps store last year. Reference Link
August 20, 2014
13:46 EDTVZVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
06:59 EDTTMUSCox president says not going public, not desiring T-Mobile deal, Reuters says
The president of Cox Communications, Pat Esser, said that the firm is not intent on completing a merger deal with T-Mobile (TMUS) or with any cable provider competitors, which eliminates any rumors surrounding the private firm, according to Reuters, citing comments from Esser. Esser noted that Cox does not have any desire to become a publically traded company at the moment. Reference Link
06:36 EDTTMUSIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
11:25 EDTVZHTC unveils the HTC One for Windows
Subscribe for More Information
09:38 EDTVZActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
07:12 EDTVZFCC looks into telecom special access line rates, Reuters says
Subscribe for More Information
1 | 2 | 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