|Bid||19.74 x 4000|
|Ask||23.85 x 800|
|Day's Range||23.25 - 23.99|
|52 Week Range||14.49 - 25.15|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||139.18|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.64|
The acquisition of Cheddar perfectly complements Altice's (ATUS) hyperlocal and global news offerings, while Ciena's (CIEN) second-quarter fiscal 2019 earnings improve year over year.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
Cheddar perfectly complements Altice's (ATUS) hyperlocal and global news offerings across digital, mobile and linear TV formats.
Altice USA today makes the following statement following the sale of a portion of Altice USA shares by funds advised by BC Partners and Canada Pension Plan Investment B
Altice USA , one of the largest broadband communications and video services providers in the U.S., today announces that it has closed the previously announced acquisition of Cheddar, the digital-first news company.
Through the acquisition of ROCCAT, Turtle Beach (HEAR) aims to expand from being the leader in console gaming headsets into becoming a top gaming accessory brand for all platforms.
The tech space has been through a rough patch in the past month due to escalating U.S.-China trade tensions and likely antitrust probes. But these top-ranked stocks braved this turmoil.
Altice USA (ATUS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Since early 2017, Sprint (NYSE:S) stock has been on a downward trajectory. The price has gone from $9.25 to $6.90. But recently, the Sprint stock price has gotten a lift. Apparently, the prospects look more promising that its $26 billion merger with rival T-Mobile (NASDAQ:TMUS) will get done.Source: Shutterstock Keep in mind that the Chairman of the Federal Communications Commission, Ajit Pai, has recently indicated his support. This was then backed up from FCC Commissioner Brendan Carr. For approval, there needs to be three votes.All this has come after Sprint and T-Mobile have agreed to some important concessions, which include the following:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Sprint will maintain its wireless distribution deal with cable provider, Altice USA (NYSE:ATUS). * The companies would commit to having their 5G network cover 85% of rural America in three years and 90% within six years. There would also be broadband access -- at a minimum of 100 megabits per second -- for 90% of Americans. * There will be the sale of the Boost Mobile business, which is focused on prepaid customers (there are about seven million). This is critical since T-Mobile already has a strong position in this market. * 7 Stocks to Sell Amid an Escalating Trade War * Sprint and the DOJWhile the approval of the FTC would be very good news for Sprint stock, and it does look likely, there is another hurdle. The Department of Justice will also need to approve the deal and this may prove to be much tougher. There are already indications that the DOJ is skeptical about the deal, as it could lead to higher prices.It's important to note that the FTC and DOJ have different roles when it comes to dealing with mergers. For the FTC, it has the authority to look beyond market impacts, such as how the transaction could lead to higher quality offerings or broader access. The DOJ, on the other hand, is more focused on the adverse impact on consumers. For the most part, it's about classic antitrust analysis.With the merger of TMUS and Sprint, there will only be three key wireless players remaining in the US, which will include Verizon (NYSE:VZ) and AT&T (NYSE:T). This reduced competition could easily lead to higher prices and fees as well as less innovation. For example, back in 2011 the DOJ blocked AT&T's attempted acquisition of T-Mobile because of concerns of lower competition in the U.S. market. Bottom Line on Sprint StockThe final determination of the TMUS-S merger should come soon - say within a month or so. But it does look like a toss-up. The fact is that investing based on regulatory outcomes can be dicey, especially for highly concentrated industries.The problem for Sprint stock is that the company really needs this deal to happen. It has a massive debt load of to $35.36 billion; the market share is a lowly No. 4, and there will likely be a need to raise substantial amounts of capital for the 5G buildout.As for the merger, the potential upside is about $8 for Sprint stock or a 16% increase from current levels (this is based on the stock-for-stock exchange ratio of .01056). This is fairly decent but really does not seem like enough to account for the risks that the deal will implode.Now it's true that there still may ultimately be a deal, say with a company like Amazon.com (NASDAQ:AMZN) or Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG). But these companies would probably be more interested in the spectrum assets - not other parts of the business. And this would not lead to much of a boost in the valuation.In other words, it's probably best to stay away from Sprint stock for now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Amid an Escalating Trade War * 5 REITs to Buy While They're Dirt Cheap * The Only 3 Marijuana Stocks You Need to Own Compare Brokers The post With This Merger Likely to Drag on, Sprint Stock Is Way Too Speculative appeared first on InvestorPlace.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Altice USA Inc is preparing to launch a mobile service likely ...
U.S.-based cable television provider Altice USA Inc (NYSE: ATUS ) is preparing a launch into the mobile space by undercutting industry titans like Verizon Communications Inc. (NYSE: VZ ), according to ...
Big Media Seeking Revival: DIS, CHTR, ATUS, and VIAB(Continued from Prior Part)Product aimed at small businessesAltice USA (ATUS) recently launched a new Wi-Fi product for its business customers. The product, known as SMART WiFi, is a managed Wi-Fi
Soroban Capital Partners is an NYC-based hedge fund that was co-founded by Eric W. Mandelblatt, Gaurav Kapadia, and Scott Friendman in 2010 with an initial capital of $130 million. Over the years it had great returns and it has managed to raise its AUM above $11 billion in 2017. Prior to co-founding Soroban Capital Partners, […]
Today we'll look at Altice USA, Inc. (NYSE:ATUS) and reflect on its potential as an investment. Specifically, we'll...
T-Mobile US Inc's $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal's approval. FCC Chairman Ajit Pai, a Republican, came out in favour of the combination after the companies offered concessions, including selling Sprint's Boost Mobile prepaid cell service, as did FCC Commissioner Brendan Carr, a Republican. The five-member panel's third Republican, Mike O'Rielly, said he was "inclined to support" the proposed merger, even if he was not convinced of the need for all of the conditions announced by Pai.
Sprint Corp and T-Mobile US Inc has won the support of the chairman of the U.S. telecommunications regulator but will require a series of changes to their proposed $26 billion merger, including selling Sprint's Boost Mobile cell service. Federal Communications Commission (FCC) Chairman Ajit Pai said on Monday he will recommend that the other four commissioners vote to approve the merger. A second member of the five-person FCC, Commissioner Brendan Carr, a Republican, also said he will vote to approve the deal.
Who's to blame for the Pinterest earnings flop? Try the company. In an interview with Cheddar, IPO Edge Editor-in-Chief John Jannarone explains why Pinterest either misled investors or is very bad at forecasting its own results. He also explained why Chinese coffee chain Luckin Coffee priced its IPO right and should trade well. Contact: www.IPO-Edge.com […]
Uber Shareholders May Be Shorting Lyft as a Hedge By John Jannarone Many Uber shareholders have been forbidden from selling shares until six months after the IPO. That restriction may have given them an extra reason to bet against rival rideshare operator Lyft. Once Lyft shares began their precipitous slide, it was clear to many […]