ORAN - Orange S.A.

NYSE - NYSE Delayed Price. Currency in USD
15.29
-0.05 (-0.33%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close15.34
Open15.32
Bid14.58 x 4000
Ask15.89 x 4000
Day's Range15.26 - 15.34
52 Week Range14.57 - 17.06
Volume261,722
Avg. Volume691,834
Market Cap40.374B
Beta (3Y Monthly)0.14
PE Ratio (TTM)17.45
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.79 (5.15%)
Ex-Dividend Date2019-05-31
1y Target EstN/A
Trade prices are not sourced from all markets
  • Should Orange S.A. (EPA:ORA) Be Part Of Your Income Portfolio?
    Simply Wall St.

    Should Orange S.A. (EPA:ORA) Be Part Of Your Income Portfolio?

    Could Orange S.A. (EPA:ORA) be an attractive dividend share to own for the long haul? Investors are often drawn to...

  • Is Orange (EPA:ORA) A Risky Investment?
    Simply Wall St.

    Is Orange (EPA:ORA) A Risky Investment?

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Power-Hungry Phone Companies Dial Into Surging Green Bond Market
    Bloomberg

    Power-Hungry Phone Companies Dial Into Surging Green Bond Market

    (Bloomberg) -- Phone carriers are huge energy users, and need to cut emissions. They also face massive bills to build out the next generation of wireless networks. Green bonds promise to help them with both.A steady flow of issuance could be building: Orange SA and BT Group Plc are poised to follow Telefonica SA and Verizon Communications Inc. in selling securities designed to fund environmentally friendly projects. The industry has already completed at least $3 billion of sales since January, its first steps into a sustainable debt market that Bloomberg New Energy Finance estimates could exceed $370 billion this year.The proceeds can help telecom companies replace power-hungry copper wires with fiber-optic cables, or build the 5G networks that promise to make cities, homes and factories more efficient. There’s plenty of investor appetite for this new take on sustainable investing, but there’s a catch: any hint that a bond doesn’t genuinely help the planet can cause some buyers to flee.“Telecoms have to invest a lot. In the long run, having green bonds in place is going to be very important,’’ said Juuso Rantala, who holds Telefonica’s green bond in the 400 million-euro ($449 million) fund he manages at Aktia Asset Management Ltd. in Finland. “If I find out that I cannot trust the company in the case of green bonds, I cannot trust them in many other ways too. If I cannot trust them, I don’t invest.’’The securities show how green debt is expanding beyond its original universe of the clean energy industry. Beef supplier Marfrig Global Foods SA and Australian retailer Woolworths Group Ltd. have tapped this market to help their operations become more environmentally friendly.For carriers, the task is urgent. The communications industry accounts for about 10% of global electricity demand, and that could exceed 20% by 2030 as demand for data balloons, according to Huawei Technologies Co.Telecom companies have ways to clean up their act. For example, replacing copper with glass wires would use 85% less energy, according to Telefonica. And 5G can enable a range of environmental benefits by allowing smart buildings to monitor heating, connected warehouses to optimize their logistics and power grids to better allocate electricity.But these companies are already staggering under a mountain of debt from, among other things, buying 5G licenses. They’ll need to make sure they can keep their borrowing costs low and tap investors when needed.That’s where green bonds can help: the interest costs are about the same as on these companies’ conventional securities, but they offer the opportunity to access a wider pool of investors.The share of funds focused on socially responsible investing, which includes environmental projects, has risen 34% over the last two years, and now accounts for $30.7 trillion of assets globally, according to the investor group Global Sustainable Investment Alliance.“Many more green telco bonds are likely,” Morgan Stanley analysts led by Emmet Kelly wrote in June. “Demand from funds that have incorporated sustainability into their investment framework has been key.’’Telefonica, based in Madrid, is a good example. Demand for the issue, which priced in January, was significant: the company received five times the orders than what was available for sale, and obtained a spread more than the mid-swap rate that was about 25 basis points lower than initial indications.The yield on the 1 billion-euro 5-year security is in line with the rest of its curve, Bloomberg data show, indicating it didn’t have to pay a premium to tap demand for sustainable credit. It’s a similar story for Verizon and Vodafone Group Plc.Orange and BT Group are paying attention -- they have inserted clauses into their Eurobond prospectuses which would let them issue green bonds in the near future. And Deutsche Telekom AG is monitoring the surging market closely, said a spokesman.For investors, the risks go beyond what’s expected for any fixed-income asset. Buyers also have consider just how green these bonds are.“The question is whether or not a bond offers a real energy efficiency gain or overall gain for the environment,’’ said Arnaud-Guilhem Lamy, who holds telecom securities in his 340 million-euro ($381 million) green bond fund at BNP Paribas Asset Management in Paris. “If we think it’s insufficient, we would sell.’’For a start, there’s always the possibility that this new breed of green-bond borrowers divert proceeds to inappropriate purposes, including pooling them into general funds. Though monitoring groups such as credit rating firms can discourage such behavior, it’s something investors need to watch.But 5G presents a particular environmental paradox.Internet-of-things technologies will connect billions more devices and require many more antennas, so 5G will initially use more power than 4G, according to Sustainalytics, an independent corporate sustainability research firm. This complicates the idea that 5G can be a green investment.However, Sustainalytics estimates the energy savings from 5G outweigh the extra emissions to deploy the new tech by a ratio of 5 to 1. The firm’s analysis of the Verizon bond issue, which included 5G deployment among the potential use of proceeds, found that it was a credible candidate for green financing.It’s a good thing, because Verizon plans on returning to this corner of the bond market. It looks like it will be welcome, too – its $1 billion issue of 10-year green debt was eight times oversubscribed within six hours of being offered for sale, said Jim Gowen, head of supply chain and sustainability for the U.S. carrier.“It was far beyond our wildest expectations,” Gowen said. “We are very interested in doing another one.’’\--With assistance from Paul Cohen and Lyubov Pronina.To contact the reporter on this story: Thomas Seal in London at tseal@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • An Intrinsic Calculation For Orange S.A. (EPA:ORA) Suggests It's 47% Undervalued
    Simply Wall St.

    An Intrinsic Calculation For Orange S.A. (EPA:ORA) Suggests It's 47% Undervalued

    In this article we are going to estimate the intrinsic value of Orange S.A. (EPA:ORA) by taking the foreast future...

  • Orange Enters Oversold Territory
    Zacks

    Orange Enters Oversold Territory

    Orange S.A. (ORAN) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

  • ORAN vs. TSU: Which Stock Is the Better Value Option?
    Zacks

    ORAN vs. TSU: Which Stock Is the Better Value Option?

    ORAN vs. TSU: Which Stock Is the Better Value Option?

  • Are Investors Undervaluing Orange (ORAN) Right Now?
    Zacks

    Are Investors Undervaluing Orange (ORAN) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Is Orange S.A. (EPA:ORA) Better Than Average At Deploying Capital?
    Simply Wall St.

    Is Orange S.A. (EPA:ORA) Better Than Average At Deploying Capital?

    Today we are going to look at Orange S.A. (EPA:ORA) to see whether it might be an attractive investment prospect...

  • Orange CEO Must Quit If Convicted in Trial, French Official Says
    Bloomberg

    Orange CEO Must Quit If Convicted in Trial, French Official Says

    (Bloomberg) -- Orange SA Chief Executive Officer Stephane Richard will have to resign if he’s convicted next week on decade-old allegations of fraud, a top finance ministry official said.A Paris court will decide on July 9 whether Richard helped businessman Bernard Tapie cheat the government out of about 403 million euros ($455 million) in 2008, when he was chief of staff to then Finance Minister Christine Lagarde. He faces as much as 18 months in prison.Finance Minister Bruno Le Maire said last year that Richard must step down if convicted. The French official confirmed this policy on Saturday in a briefing with reporters at a conference in Aix-en-Provence, in southern France, asking not to be named.Richard has seen Orange through a competitive assault by a low-cost challenger and a bruising price war during his nine-year tenure. The 57-year-old executive is also credited with calming labor unrest following a wave of employee suicides. Orange shares have risen 22% in the past five years while the wider European sector declined, with the Stoxx 600 telecommunications index falling 19%.The trial has been a distraction for the company, which faces a slowdown in earnings growth this year as it gears up to spend billions of euros on faster 5G wireless networks. The board decided not to appoint an interim CEO during the trial, saying in December that deputy CEOs Ramon Fernandez and Gervais Pellissier had the “same powers” as their boss.Richard’s lawyer has called the accusations against his client baseless and said he was eager to clear his name. A spokesman for Richard declined to comment ahead of Tuesday’s ruling.The French state and publicly funded bank Bpifrance Participations own around 23% of Orange. The CEO told BFM TV in May he would appeal a guilty verdict, but wouldn’t fight to keep his job.To contact the reporters on this story: Angeline Benoit in Paris at abenoit4@bloomberg.net;Angelina Rascouet in Paris at arascouet1@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Tara Patel, James ReganFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • How Do Analysts See Orange S.A. (EPA:ORA) Performing Over The Next Few Years?
    Simply Wall St.

    How Do Analysts See Orange S.A. (EPA:ORA) Performing Over The Next Few Years?

    Orange S.A.'s (EPA:ORA) latest earnings update in February 2019 suggested that the company gained from a small...

  • Amazon Lives on the Edge, and Telecoms Should Tremble
    Bloomberg

    Amazon Lives on the Edge, and Telecoms Should Tremble

    (Bloomberg Opinion) -- 5G networks will allow vast gobs of data to be transmitted at great speeds. And more data usually means more money for mobile carriers like Deutsche Telekom AG and AT&T Inc. But there’s a hitch. Cloud giants such as Amazon.com Inc., Alphabet Inc. and Microsoft Corp. are lurking.The new tech enables ever more computational decision-making to be carried out by powerful processors sitting in the cloud. But when even a few milliseconds of lag can be a problem – as might be the case with high-frequency trading or connected factories – it’s worth trying to slash the time it takes to reach a cloud server.That’s why the cloud giants are pushing what’s known as edge computing: where cloud functions run on servers that are physically closer to the end user, thereby cutting the distance to a computer making a given decision. They’re at the “edge” of the network. It’s a feature of the distributed cloud, where different functions are distributed across different parts of a network.For telecoms firms that could be a problem. They’re terrified of spending hundreds of billions of dollars on upgrading their networks, only to become the providers of dumb pipes exploited by technology behemoths, and miss the most profitable opportunities the investments could generate. They don’t want a repeat of WhatsApp, whose free messaging platform gobbled up carriers’ SMS revenues.The main cloud providers – Amazon Web Services, Microsoft Azure, Google Cloud and Alibaba Group Holding Ltd.  – have a headstart when it comes to exploiting these opportunities. They have huge customer bases and developer ecosystems, in addition to their existing hordes of servers. In short, they have scale.It would therefore be foolish for a telco to try to build a cloud offering to rival that scale, according to Nick McQuire, head of enterprise research at CCS Insight. They seem to recognize this, and are instead trying to ensure they’re the gatekeepers for their customers’ relationships with the cloud operators. Unfortunately for the network firms, the lock they have on those relationships can be tenuous.There are different ways carriers can try to control them. Just this month, Spain’s Telefonica SA announced it would sell Google Cloud solutions globally. Alone, that’s unlikely to generate much profit. But by inserting themselves into the transaction, they hope to be in prime position to offer additional lucrative services that run on a third party’s cloud. And when it comes to small- and medium-sized enterprises, network firms’ extensive local teams can offer comprehensive solutions. It’s less scalable than what the cloud operators do, but it’s still an opportunity.Others such as France’s Orange SA think that owning the cybersecurity layer is the best way to manage the process. That encryption key ensures they control enterprise customers’ cloud access, also making it easier to sell value-added services. Both approaches are a gamble. Cloud providers have their own cybersecurity solutions, for one. Convincing customers that a carrier can do it better might be tough.Increasingly, the operators have little choice. The likes of Amazon and Google are proactive in creating demand for their products. Their customers then turn to their telecom providers and request the cloud giants’ services. That all but forces them to play along.Consider Google’s new Netflix for games, Stadia. For a subscription fee, starting in November users can access a bevy of titles running on cloud servers rather than their own computers. They’ll be able to play on a computer more than twice as powerful as Sony Corp.’s Playstation 4 console using just a cellphone, which becomes little more than a screen and a controller. And since the data is never exposed to the public internet, carriers’ importance is diminished.A carrier who can boast about Stadia’s performance on its network might use it as a tool to win customers. The best gaming experience will have no perceptible lag, so the closer Stadia’s servers are to the user, the better.Amazon and Microsoft’s gambits, which are called AWS Outposts and Azure Stack respectively, have similar placement goals. While not yet widely available, they comprise server boxes which sit on customers’ premises – factories, oil rigs or offices – and provide a hybrid of local and cloud computing.The race to the edge really does risk turning the network operators into providers of dumb pipes: enterprise customers’ data enter the network via AWS Outpost at one end, and travel to and from centralized servers without being exposed to the public internet, remaining on a private network. It raises carriers’ risk of disintermediation – that they get all but shut out of the most lucrative parts of the cloud business. Stadia is unlikely to eat the world any time soon, and Google is behind rivals Azure and AWS in many enterprise applications, which is where the real money lies. We’re in the very early days of this struggle.But edge computing could turn into something of a Trojan horse for other cloud services. Carriers have a real challenge on their hands.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Despite Its High P/E Ratio, Is Orange S.A. (EPA:ORA) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Orange S.A. (EPA:ORA) Still Undervalued?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • How Do Analysts See Orange S.A. (EPA:ORA) Performing In The Year Ahead?
    Simply Wall St.

    How Do Analysts See Orange S.A. (EPA:ORA) Performing In The Year Ahead?

    After Orange S.A.'s (EPA:ORA) earnings announcement in December 2018, analysts seem extremely confident, with profits...

  • Could The Orange S.A. (EPA:ORA) Ownership Structure Tell Us Something Useful?
    Simply Wall St.

    Could The Orange S.A. (EPA:ORA) Ownership Structure Tell Us Something Useful?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Is Orange S.A.'s (EPA:ORA) ROE Of 6.5% Concerning?
    Simply Wall St.

    Is Orange S.A.'s (EPA:ORA) ROE Of 6.5% Concerning?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). We'll use ROE to examine Orange S.A. (EPA:ORA...

  • Where Orange S.A. (EPA:ORA) Stands In Terms Of Earnings Growth Against Its Industry
    Simply Wall St.

    Where Orange S.A. (EPA:ORA) Stands In Terms Of Earnings Growth Against Its Industry

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Assessing Orange S.A.'s (EPA:ORA) performance as a company requires looking at more than just a years' earnings data. Below...

  • The Yellow Vests Have French Telecoms Over a Barrel
    Bloomberg

    The Yellow Vests Have French Telecoms Over a Barrel

    When Iliad entered the French market with its low-cost offering, it prompted the crippling price wars which are now weighing on all those firms’ profits. A reversal of that trend could help offset the pain of lost customers. It seems likely that those funds will be used to boost the company’s presence in Italy, where growth is faster than in France.

  • Orange S.A. (EPA:ORA): Time For A Financial Health Check
    Simply Wall St.

    Orange S.A. (EPA:ORA): Time For A Financial Health Check

    Investors pursuing a solid, dependable stock investment can often be led to Orange S.A. (EPA:ORA), a large-cap worth €38b. Big corporations are much sought after by risk-averse investors who findRead More...

  • How Nokia Could Benefit from Huawei’s Woes
    Market Realist

    How Nokia Could Benefit from Huawei’s Woes

    Here's What's Driving Growth for Ericsson and Nokia(Continued from Prior Part)Concerned Huawei customers consider NokiaHuawei’s troubles with Western countries seem to be creating an opening for its rivals to feast at its expense. As Bloomberg has

  • Brexit Made Telefonica Lucky. It May Also Be Smart
    Bloomberg

    Brexit Made Telefonica Lucky. It May Also Be Smart

    Telefonica, long the poor relation among the former national carriers, provided the only bright spot, forecasting growing profit and sales this year where analysts had expected stagnation and a decline respectively. Were it not for Britain’s planned departure from the European Union, Telefonica would have likely carried out an initial public offering of its U.K. business O2 at some stage over the past two years, reducing its contribution to earnings.

  • Orange S.A.’s (EPA:ORA) Investment Returns Are Lagging Its Industry
    Simply Wall St.

    Orange S.A.’s (EPA:ORA) Investment Returns Are Lagging Its Industry

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll look at Orange S.A. (EPA:ORA)Read More...