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April 18, 2012
15:37 EDTVZVerizon volatility at historic lows into Q1 and outlook
Verizon overall option implied volatility of 16 is below its 26-week average of 19 according to Track Data, suggesting decreasing price movement into the expected release of Q1 results on April 19.
News For VZ From The Last 14 Days
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May 5, 2015
09:07 EDTVZDisney CEO says company has taken legal action against Verizon
Disney (DIS) CEO Bob Iger said the company has taken legal action against Verizon (VZ) in relation to cable bundling. Iger contends Verizon violated its agreement with Disney's networks, such as ESPN. Iger is speaking on CNBC.
05:26 EDTVZT-Mobile launches 'Never Settle Trial' for Verizon customers
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May 4, 2015
13:46 EDTVZEarnings Watch: Analysts largely positive on Disney ahead of earnings
The Walt Disney Company (DIS) is scheduled to report second quarter earnings before the market opens on Tuesday, May 5 with a conference call scheduled for 9:30 am ET. The Walt Disney Company is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. EXPECTATIONS: Analysts are looking for earnings per share of $1.10 on revenue of $12.25B, according to First Call. The consensus range for EPS is $1.03-$1.18 on revenue of $11.89B-$12.82B. LAST QUARTER: Disney reported first quarter EPS of $1.27 on revenue of $13.39B, beating estimates for $1.07 and $12.87B, respectively. The company said its cable networks operating income declined 2% to $1.3B in the quarter due to a decrease at ESPN, and its Parks and Resorts revenue was $3.9B vs. $3.6B a year ago. Media Networks revenue for Q1 was $5.86B vs. $4.29B in the year-ago period and Studio Entertainment revenue was $1.86B vs. $1.89B in the year-ago period. During its earnings conference call, the company said cable programming costs were expected to rise 25% in the first half of 2015 and would be flat in the second half of the year. NEWS: During the quarter, Disneyland executives sent multiple emails to the California Department of Public Health urging it to emphasize that the theme park was not responsible for the recent measles outbreaks and was safe for vaccinated people, according to The Associated Press, citing obtained documents. The report noted that "there is no evidence" the company tried to downplay the seriousness of the issue or give misleading statements. In a CNBC interview, Disney Chief Executive Officer Bob Iger said a wearable device is "coming" for park access. Disney/ABC Television Group and Yahoo (YHOO) announced an extension and expansion of their relationship in March. The companies said "content from hit shows across DATG will be featured on Yahoo." At its annual shareholder meeting, Disney said it would premiere three "Star Wars" films between now and May 2017, and said its studio is "at work" on "Frozen 2." Disney is investing $250M in online fantasy sports business DraftKings, said The Wall Street Journal.Disney/ABC Television Group digital chief Albert Cheng is leaving the company, Deadline said. Disney's ESPN objected to Verizon FiOS's (VZ) plans to break up the traditional TV bundle, The Wall Street Journal reported, and The New York Times said Disney refused to run commercials for FiOS' a la carte package on its stations. ESPN filed a breach of contract suit against Verizon over the "flexible bundle," Re/code reported. The Laurene Powell Jobs Trust reported a 7.7% passive stake in Disney in March. STREET RESEARCH: Jefferies raised its price target for Disney shares to $120 from $105 and kept a Buy rating on the stock after analyzing the potential contribution of Shanghai Disneyland. The firm expects attendance at the park to approach 18M and EBIT just north of $250M by 2021. Citigroup analyst Jason Bazinet raised his price target for Disney shares to $125 from $110 on April 27, saying the media giant has an "impressive slate of films" slated for release in 20152017. Bazinet, who has a Buy rating on the stock, expects Disney will continue taking share of the global box office. JPMorgan expects Disney to report another quarterly beat relative to consensus expectations amid ongoing strength at the Parks and Consumer Products. UBS raised its price target on Disney to $125 from $116 ahead of the company's earnings report to reflect higher estimates for content and theme parks and their effect on free cash flow. The firm has a Buy rating on shares. PRICE ACTION: Year-to-date, Disney shares are up over 17.5%. Ahead of Tuesday morning's earnings report, shares are trading up 0.2% to $110.75.
10:39 EDTVZCablevision says cord-cutter package 'a reaction to consumer wants'
Cablevision (CVC) says Verizon (VZ) "known to use misleading" advertising information. Says Verizon "doesn't seem to think much of programming agreements." Says company's packages "totally sustainable."
08:36 EDTVZMicronet Enertec subsidiary enters into purchase agreement
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07:29 EDTVZT-Mobile on pace to overtake Sprint as third among U.S. carriers, Bloomberg says
T-Mobile's (TMUS) subscriber growth rate puts it on pace to overtake Sprint (S) as the third largest U.S. carrier behind Verizon (VZ) and AT&T (T) in terms of subscriber count, reported Bloomberg, which noted that T-Mobile's spot as number three in the U.S. could be confirmed when Sprint reports on its earnings on Tuesday. Reference Link
06:31 EDTVZSpherix Cisco files complaint against Verizon and Cisco
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May 1, 2015
12:18 EDTVZCogent, Verizon enter into interconnection agreement
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12:17 EDTVZCogent, Verizon enter into interconnection agreement
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April 30, 2015
16:01 EDTVZOptions Update; April 30, 2015
iPath S&P 500 VIX Short-Term Futures up 60c to 21.84. Option volume leaders: AAPL TSLA TWTR GILD FB AMZN CELG VZ KMI according to Track Data.
April 28, 2015
06:05 EDTVZFCC could reject Dish's wireless license auction bids, WSJ reports
According to sources, the FCC could reject Dish Network's (DISH) "attempt to benefit from billions of dollars in small-business discounts" in a wireless license auction, The Wall Street Journal reports. Earlier this year, Dish won $13.3B worth of bids in the auction, and later claimed $3.3B in discounts intended for small businesses. Dish, which said it disclosed its bidding plans in advance, believes its participation in the auction introduced competition to AT&T (T) and Verizon (VZ). Reference Link
April 27, 2015
11:37 EDTVZESPN files breach of contract suit against Verizon, Re/code reports
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08:14 EDTVZBofA/Merrill media & telecom analysts hold analyst/industry conference call
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07:13 EDTVZUBM Tech to hold a conference
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April 24, 2015
06:50 EDTVZDisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
April 22, 2015
06:01 EDTVZGoogle could launch wireless service today, WSJ reports
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