|Bid||0.00 x 41800|
|Ask||0.00 x 1000|
|Day's Range||6.39 - 6.56|
|52 Week Range||4.81 - 7.21|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||3.58|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.78|
Crown Castle (CCI) reported its third-quarter results on October 17. The company posted an AFFO (adjusted funds from operations) of $1.39 per share—$0.01 higher than Wall Street analysts’ expectation. Crown Castle’s AFFO per share grew ~34% YoY (year-over-year) and 5.3% sequentially. The AFFO growth was mainly driven by the company’s revenues rising 29% YoY and 3.4% sequentially to $1.38 billion. The quarterly revenues were ahead of analysts’ estimate of $1.35 billion.
The company has partnered with Red Pocket Mobile to sell wireless plans to people buying secondhand phones from the eBay marketplace. The eBay marketplace is a popular spot among consumers to browse for used phone deals. In the US, for example, a mobile phone is sold on eBay every four seconds.
Sprint (S) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The fourth-largest U.S. wireless carrier by subscribers is selling the company called Pinsight Media as it awaits regulatory approval to sell itself to larger rival T-Mobile US Inc. The value of the Pinsight deal was not disclosed. Pinsight will continue to work with Sprint after the deal, said Rob Roy, Sprint's chief digital officer, in a statement. Sprint's sale of Pinsight comes as mobile advertising in the United States is expected to surpass television ad spending by more than $6 billion this year, according to eMarketer.
Last month, Ericsson (ERIC) announced a $3.5 billion multiyear deal with telecommunications giant T-Mobile (TMUS). Ericsson will support T-Mobile’s 5G (fifth-generation) network deployment and will provide it with its 5G NR (New Radio) hardware and software.
Verizon is the IBD Stock of the Day as the telecom services provider breaks out of a flat base and nears a buy point. Institutional investors may shift to Verizon and other defensive plays.
What's Next for Tech Stocks after Wednesday’s Sell-Off? Telecom giant Verizon (VZ) stock reached a 52-week high of $55.90 per share on October 10 and closed at $54.33 per share. Based on that closing price, Verizon has a market capitalization of ~$224.5 billion, the second largest after AT&T (T), which has the highest market cap of $238.6 billion among the big four US mobile operators.
Sprint (S) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Samsung (SSNLF) and AT&T (T) have teamed up to explore industrial use cases of 5G (fifth-generation) technology. As part of this program, the companies have set up a 5G testbed at Samsung’s fabrication facility in Texas. 5G connectivity is expected to help emerging technologies such as autonomous driving, remote surgery, and virtual reality to quickly become mainstream applications.
With production in top growers climbing and prices hovering near three-year lows, the last chance to arrest palm oil’s decline this year is Indian demand ahead of Diwali, the Hindu festival of lights that’ll be widely celebrated in the top importer in November. Purchases of the tropical oil by India may surge about 10 percent from a year earlier to 2.4 million metric tons in the October-December quarter on cheaper palm and tight domestic vegetable oil supplies, according to a Bloomberg survey of five buyers, traders and analysts. Palm is cheaper and that’s boosting imports amid the festival season demand, said Sandeep Bajoria, chief executive officer of Sunvin Group, a Mumbai-based broker and consultant for the oilseeds industry.
Vodafone (VOD) recently acquired 5G-suitable spectrum in Italy. The company bought the spectrum through an auction process organized by Italy’s economic development ministry.
Starting this month, T-Mobile (TMUS) is operating its prepaid wireless service under the Metro by T-Mobile brand, instead of MetroPCS. In addition to its rebranding initiative, T-Mobile has introduced two new unlimited prepaid plans as well as several perks. T-Mobile’s top-tier prepaid plan costs $60 for a single line and offers unlimited talk, text, and data. It also includes Amazon Prime and Google One (GOOGL) cloud storage.
The executive who oversees Nokia’s (NOK) patent licensing business, which falls under its Nokia Technologies segment, is leaving the company. Ilkka Rahnasto is leaving his role as Nokia’s patent chief at a time when Nokia has reached patent licensing agreements with all of the world’s top handset makers, including Samsung (SSNLF), Xiaomi, Apple, Huawei, and LG Electronics.
Verizon (VZ) recently became the world’s first mobile operator to launch commercial 5G services. In a recent interview with FierceWireless, Mike Haberman, Verizon’s vice president of network engineering, discussed the company’s 5G Home speeds and what might be called a nonstandard route to 5G. Verizon (VZ) began working on its 5G deployment project when the 3GPP standard equipment for 5G wasn’t available.
Verizon (VZ) rolled out a program that seeks to encourage thousands of its employees to take early retirement. This early retirement is part of the company’s initiative to trim its workforce and cut costs. A year ago, Verizon disclosed a plan to cut $10.0 billion in expenses by around 2021. Verizon’s early retirement program is voluntary and mostly targets management employees, while frontline salespeople are excluded from the program.
One of the regulators deciding whether to allow the merger, the Federal Communications Commission, this week asked the largest cable companies, Comcast Corp. and Charter Communications Inc. for details about their new mobile offerings. “If anything this is a positive sign for the T-Mobile Sprint deal,” Amy Yong, an analyst with Macquarie, said in an interview.
Of the 30 analysts covering Verizon (VZ), 15 analysts rated the stock as a “buy,” and 15 analysts rated the stock as a “hold.” There were no “sell” ratings. Analysts set a target price of $56.58 for the stock and a median consensus estimate of $57.50. Verizon is trading at ~$53.39, a 7.1% discount to its consensus median target estimate.
Sprint's (S) Secure Mobile VPN is a powerful IT tool for businesses built to boost productivity and overall corporate performance.
Sprint (S) recently introduced a protection plan called Sprint Complete to serve its customers better and help businesses improve their relationships with their employees. The company’s new protection plan provides customers with wireless protection, enhanced repair service, and technology support for specific smartphones, tablets, and smartwatches.
Prepaid, or pay-as-you-go, plans — the kind that don’t have a contract and are offered by providers including MetroPCS and Boost Mobile — are most often used by lower-income consumers or those with poor credit. Prepaid tends to be an overlooked segment of the industry, and even the U.S. Federal Communications Commission hasn’t distinguished between the two categories, instead taking the wireless market as a whole into account.
Of the 31 analysts covering AT&T (T), 11 have rated the stock a “buy,” and 17 have rated it a “hold.” Three have rated it a “sell.” Analysts have set a target price of $35.36 for the stock and a median consensus estimate of $36. It’s trading at $33.58, which is a 6.7% discount to its consensus median target estimate. Year-to-date, AT&T has fallen ~10% as of September 28.
AT&T (T) has recently extended its relationship with RingCentral (RNG) to provide cloud-based communication services to more businesses. RingCentral is a leading provider of global enterprise cloud communications and collaboration solutions.