- Market Realist•6 minutes ago
Sprint (S) expects its postpaid phone churn to rise mainly due to the release of Apple’s (AAPL) iPhone 7 in September 2016.
- Barrons.com•16 minutes ago
Here are some things going on today in your world of tech: Shares of Qualcomm (QCOM) are down $2.93, or almost 5%, at $59.95, in pre-market trading, after multiple outlets reported on Friday that Apple (AAPL), one of its largest customers, has filed suit against Qualcomm for withholding $1 billion in rebates owed Apple, in a move to punish Apple for helping South Korean regulators investigate the chip maker. Qualcomm dismissed Apple’s claims as baseless. Bernstein Research’s Stacy Rasgon, who has a Market Perform rating on Qualcomm, this morning cuts his price target to $65 from $80, anticipating "the overhang from what appears to be an all-out attack on the business model from both regulators and largest customers will remain for quite some time." J.P. Morgan’s Rod Hall, who rates Apple Overweight and Qualcomm Neutral, this morning writes that any cut in royalty rates could slash Qualcomm’s profit this year by a third.
- Investor's Business Daily•29 minutes ago
Qualcomm and Verizon Communications were downgraded Monday while Cabot Oil & Gas was upgraded.
VZ : Summary for Verizon Communications Inc. Com - Yahoo Finance
Verizon Communications Inc. (VZ)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||0.00 - 0.00|
|52 Week Range|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||15.37|
|Dividend & Yield||2.31 (4.38%)|
|1y Target Est||N/A|