5.62 +0.02 (0.36%)
After hours: 5:13PM EST
|Bid||5.61 x 149600|
|Ask||5.62 x 10000|
|Day's Range||5.60 - 5.74|
|52 Week Range||5.42 - 9.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
SoftBank Group Corp.’s recent purchases of Sprint Corp. stock are nearing half a billion dollars. Sprint’s primary owner began gobbling up shares after Nov. 6, when it stated that it would invest more in the company as Sprint (NYSE: S) and T-Mobile US Inc. formally ended merger talks. Since then, Japan-based SoftBank has bought up more than 70.84 million shares of Sprint, for a total of $423.35 million.
Sprint Corp.’s newest executive hire said the company is well prepared for the Internet of Things through its relationship with SoftBank Group Corp. Ivo Rook, Sprint’s senior vice president of IoT, joined the company Jan 1. In his previous role, he oversaw Vodaphone’s $1 billion IoT business.
There’s no denying Snapchat, owned and operated by parent company Snap Inc (NYSE:SNAP), is a clever and fun little app that lets users embellish and send pictures to their friends. Rival Facebook Inc (NASDAQ:FB) was first, and to the extent Facebook alone wasn’t enough to compete with Snapchat head-to-head, Facebook’s acquisition of Instagram in 2012 still put it out in front of Snapchat. In the meantime, Facebook has essentially copied Snapchat’s every feature as it was added, never letting the younger rival even have a chance of gaining any real market share.
Previously in this series, we learned about AT&T’s (T) anticipated prepaid customer net additions in 4Q17. In this part, we’ll take a look at AT&T’s churn rate in its combined domestic wireless operations. Wall Street analysts expect AT&T’s postpaid phone churn rate to increase significantly due to growing competition in the postpaid space bringing strong promotional offers from competitors.
Previously, we discussed expectations for AT&T’s (T) postpaid phone customer additions in 4Q17. Wall Street analysts expect AT&T to see 400,000 prepaid customer net additions in 4Q17 due to intense competition in the prepaid market. In 3Q17, AT&T gained a total of 324,000 prepaid subscribers, compared with 304,000 in 3Q16, with strength coming from the Cricket and AT&T Prepaid brands.
In the previous article, we discussed the expectations for Verizon’s (VZ) postpaid phone customer net additions in 4Q17. Let’s take a look at the kind of prepaid customer net additions that we could expect from Verizon. Wall Street analysts expect 100,000 prepaid customer net additions from Verizon in 4Q17, which is due to the increasingly intense competition in the prepaid market.
As Verizon (VZ) discusses the commercial deployment of its 5G wireless broadband service to residential customers in select US (SPY) cities starting in 2H18, it is important to examine how this move might impact its short-term spending and profitability. Verizon said it was eyeing up to five markets in the US, including Sacramento, California’s, for the commercial launch of its high-speed wireless Internet to household customers. According to Verizon’s estimates, about 30 million households across the US are ready for 5G wireless Internet speed.
Telecom carriers’ expected performances in 2018 are reflected in Wall Street analysts’ ratings or recommendations. Verizon Communications (VZ) was assigned a target price of $51.73, which implies a potential return of -2% from its closing price of $52.60 as of January 4, 2018.