For Immediate Release
Chicago, IL – October 18, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Clearwire Corporation (CLWR), Sprint-Nextel Corp (S), Verizon Communications Inc. (VZ), AT&T Inc. (T) and Novo Nordisk (NVO).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
S&P Retains Clearwire Rating
Rating agency Standard & Poor’s (S&P) has announced that Clearwire Corporation (CLWR), which offers Wi-Max services in the U.S. will not be immediately affected by Japan-based Softbank’s 70% acquisition of Sprint-Nextel Corp (S) for about $20.1 billion. The rating firm is maintaining Clearwire’s CCC rating along with a Developing outlook despite Sprint-Nextel being its largest shareholder with a 48.1 % stake.
Clearwire has formed a venture combining its infrastructure together with the wireless network of Sprint to install TDD-LTE 4G network by the beginning of 2013 and will cover 5,000 LTE footprints by first half of 2013. S&P believes that if Softbank acquires Clearwire it will lead to a reduction of the latter’s handset related costs as Clearwire is using Time Division (TD) LTE duplex technology in the 2.5 GHz spectrum band — the same technology that Softbank uses in Japan.
Softbank has no immediate plans to take over Clearwire until the Sprint transaction ends. However, if it indeed makes a move the deal will be beneficial for Clearwire as it will get the financial resources to modernize its network which it was unable to get from Sprint because of its huge debt burden.
On the flip side, Sprint will get access to Clearwire’s additional spectrum which will put the third largest U.S. carrier in a much stronger position as compared to Verizon Communications Inc. (VZ) and AT&T Inc. (T)
The Bellevue, Washington based Clearwire will also receive a series of prepayments amounting $350 million from Sprint over a two-year period if the company meets certain LTE deployment target by June 2013. We believe such series of prepayments from Sprint coupled with a huge cash base of $1.2 billion and availability of huge wireless spectrum license will continue to lend support to the company to meet its future goal.
Currently, Clearwire Corporation has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
Novo Looking to Expand Portfolio
Denmark-based Novo Nordisk (NVO) is seeking regulatory approval for its hemophilia A candidate turoctocog alfa (NN7008). Novo Nordisk submitted its application for the candidate both in the US and the EU. The company is looking to get turoctocog alfa, a third-generation recombinant coagulation factor VIII, approved for the prevention and treatment of bleeding in patients suffering from hemophilia A.
Novo Nordisk’s marketing authorization application for the candidate was based on positive results from its phase III trials, guardian 1 and guardian 3. The guardian trials, which ended last year, enrolled more than 200 people having hemophilia A and was the largest clinical pre-registration trial program conducted for the disease.
Novo Nordisk is planning to submit regulatory applications in other countries as well in the coming months.
We remind investors that the company suffered a pipeline setback last month. Novo Nordisk decided to terminate the development of its phase III hemophilia candidate, vatreptacog alfa. Vatreptacog alfa, a fast-acting recombinant factor VIIa analogue, was being developed for hemophilia patients with inhibitors.
Novo Nordisk’s decision followed the analysis of data from a double-blinded, randomized, controlled phase IIIa (adept 2) study, where patients received either vatreptacog alfa or NovoSeven, an approved product of Novo Nordisk.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: https://twitter.com/zacksresearch
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com