|Bid||7.64 x 39400|
|Ask||7.65 x 800|
|Day's Range||7.55 - 7.90|
|52 Week Range||5.08 - 7.90|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before this week's Federal Reserve meeting. China accused the United States of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as the U.S. action last week against Huawei began to hit the global tech sector. Alphabet Inc's Google suspended some business with Huawei, Reuters reported, and Lumentum Holdings Inc, a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.
shares surged Monday after U.S. Federal Communications Commission Chairman Ajit Pai said he would recommend approval of their $26 billion merger plans. The FCC chairman said he would agree to the tie-up, and recommend it to his colleagues, following pledges from both companies to build 5G networks around the country, while ensuring "robust" infrastructure in rural areas, and to also enhance in-home broadband offerings to its customer base. "Two of the FCC's top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity," Pai said in a statement.
A key federal regulator says he plans to approve wireless carrier T-Mobile's $26.5 billion takeover of rival Sprint, a crucial step for the deal's approval. Federal Communications Commission Chairman Ajit Pai said Monday he agreed to back the deal because the two companies had promised the government steps that would expand mobile internet access in rural areas and help the rollout of 5G, the next generation of mobile networks. While Pai's backing is key to the deal, further steps remain.
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.
The promises include the sale of Sprint’s Boost prepaid brand, a three-year buildout of an advanced 5G network, and a pledge not to raise prices while the network is being constructed. Sprint shares surged 23% to $7.59 after rising as much as 28% while T-Mobile rose almost 5% to $79.05 at 10:13 a.m. “Two of the FCC’s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity,” Pai said in a statement Monday.
Shares of Sprint Corp. rocketed 24% in very active premarket trade Monday, after Federal Commission Chairman Ajit Pai said based on commitments made by the telecommunications company and its proposed buyer, T-Mobile U.S. Inc. , he plans to recommend that the companies' merger be approved. Trading volume for Sprint's stock topped 14.1 million shares, making it by far the most actively traded ahead of the open. T-Mobile's stock rallied 4.3% ahead of the open, on volume of 1.3 million shares. Among the commitments Pai said the companies made was to deplay a 5G network that would cover 97% of the U.S.'s population in three years and 99% in six years, including 85% of rural America in three years and 90% in six years. In addition, the companies have "guaranteed" that 90% of Americans would have access to mobile broadband service at speeds of at least 100 Mbps and 99% would have access to speeds of at least 50 Mbps. "Two of the FCC's top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity," Pai said. Pai's comments come about a month after The Wall Street Journal reported that the Department of Justice told the companies that their planned merger is unlikely to be approved as structured. Shares of Sprint have gained 6.2% year to date through Friday and T-Mobile have advanced 18.5%, while the S&P 500 has tacked on 14.15.
Officials of Sprint Corp. and T-Mobile US Inc. presented regulators with a package of concessions that includes the sale of a prepaid service brand and promises concerning prices, 5G and rural broadband.
Sprint Corp and T-Mobile US Inc on Monday will announce a series of changes to their $26 billion deal, while U.S. regulators are expected to announce agreement on the conditions necessary to approve the merger, sources said. The Federal Communications Commission will not formally approve the merger on Monday and will need to draft an order, two people briefed on the matter said.
The U.S. Federal Communications Commission is likely to approve T-Mobile (NASDAQ:TMUS) and Sprint's (NYSE:S) merger after FCC Chairman Ajit Pai said he would recommend approval of the deal. His endorsement makes the official approval over the next few days very likely.
I can't believe how badly the media is downplaying the 5G revolution. They're so focused on the U.S.-China trade war that they're completely missing the epic battle over 5G.You may have heard that the big wireless carriers -- Verizon (NYSE:VZ), AT&T (NYSE:T),T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) -- are racing to roll out 5G networks.But this story is MUCH bigger than that. 5G will literally change the world forever (as we'll see).InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd you better believe Wall Street is all over this. While the mainstream media may be mostly ignoring 5G, the "smart money" sure isn't. * 6 Chinese Stocks That Could Pop On a Trade Deal So…why are investors so fired up about 5G stocks? And why should you be, too? Let me explain why. 5G: What You Need to KnowI remember very well, back in the early days of the internet, when folks often referred to it as the "information superhighway."So let's picture it that way. You're heading home after a long day of work. Your commute shouldn't take very long, but there is only a one-lane highway, and it's the only way home. The traffic is bumper-to-bumper, and what should be a quick 20-minute drive takes hours instead.Over time, a second lane is built. There's still plenty of traffic, but the congestion is less.Eventually, a third lane is built, and then a fourth. Those of you who commute this way find that your ride home is getting shorter and shorter.Then, one day, 10 more lanes suddenly open up. Not only is that awful congestion gone, but cars are zipping along. Now you're home almost instantly! With the commute done, you've got the rest of the day to yourself.That's the kind of difference we'll see with 5G.5G -- the fifth generation of wireless technology -- will introduce blazing speeds…and be more readily available. I'm expecting a massive upgrade to smartphones and other mobile devices.What's so exciting is that it has low latency: Instead of two minutes or more to load a webpage, like we dealt with in the 1990s, now it'll take you six seconds to download a whole movie with 5G!With so many web services going to the cloud, that's key. You'll now be able to interact with them in real-time. Phones Getting Smarter By the DaySince 5G tends to be associated with the big wireless carriers, like Verizon's "5G Revolution" and AT&T's "5G Evolution," let's start there.1G wireless devices were those big, clunky phones from the 1980s. Since they used analog technology, they only supported voice calls. They also had poor battery life and security and were prone to dropped calls. And most people could barely fit them in their car's glove compartment, let alone their pants pocket.Wireless technology certainly has come a long way since then, as the graphic below illustrates. 2G brought us SMS text messaging. With 3G we had texting and internet access, while 4G tacked on video -- and 5G opens the door to Ultra HD, 3D video and smart home apps. The hardware is also much, much sleeker.The first five phones are in the works, starting with the Samsung Galaxy S10 5G (released Thursday), and with the LG V50 ThinQ, the Huawei Mate X, the Xiaomi Mi Mix3 5G and the ZTE Axon 10Pro soon to come.These will offer buffer-free video, faster downloads, and greater bandwidth to handle more data. So much so that they'll be able to capture an entire 3D space!According to CCS Insight, sales of 5G smartphones should hit 100 million units in 2021. Grab Your Slice of the PieYou can see why Verizon, AT&T, T-Mobile and Sprint are all vying to place first in the race to 5G. In fact, all of them are expected to release some form of 5G this year. Verizon is in the lead: It's already rolled out mobile 5G in Chicago and Minneapolis in April, with 20 other metro areas to come later in 2019.So, you might be expecting me to recommend VZ, or one of its peers, as my 5G play. Not so.5G has many more applications than smartphones -- we'll look at some more tomorrow -- and one of them is "the mother of all technologies," a breakthrough that will change our world…once we've got those "extra lanes" for it to run on.The 5G global infrastructure market is expected to grow from $2.55 billion in 2020 to over $42 billion by 2025. That's a 75% increase -- far larger than many other industries could ever imagine in just five years.The bottom line: 5G is a very, very big deal. Essentially, whoever controls 5G is anticipated to control the internet several years from now. So, the long-term investment potential is huge.However, instead of one company that needs 5G technology, I think more money can be made in the one that's involved in the creation of 5G. That will be the stock that lets us cash in on that whole meteoric rise of the 5G market.In Growth Investor, we own a little-known electronics company -- that is helping some high-profile clients move to 5G. Its customers include the top 25 telecoms…the top 25 tech companies…and 78 of the Fortune 100 companies.Go here to watch my presentation on the huge technological shift going on now. At the end, you'll get the chance to hear my 1 Investment for the Coming 5G Revolution -- for free.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5G Stocks: The Big Story Everyone's Missing appeared first on InvestorPlace.
T-Mobile stock broke out above a major trendline this week, indicating that the telecom giant's 15-month correction may be coming to an end.
Amdocs' (DOX) DigitalONE platform and flexible catalogue will enable Sprint to collate large number of catalogues to one solution.
U.S. Federal Communications Commission (FCC) Chairman Ajit Pai on Wednesday proposed allowing phone companies to block unwanted "robocalls" by default in a bid to reduce the flood of nuisance calls from telemarketers and scammers. Pai said many service providers have held off developing and deploying default call-blocking tools because of uncertainty about whether the tools are legal under the FCC rules. Allowing the default call-blocking could significantly increase development and consumer adoption of the tools, Pai said, adding that providers should offer call blocking services for free.
Ricky Singh, chief of products and solutions for Sprint's IoT team, says the platform will help the company navigate the convergence of the Internet of Things with 5G, AI, big data and machine learning.
“The American people are fed up with illegal robocalls,” FCC Chairman Ajit Pai said in a news conference. Under Pai’s proposal, the FCC would step away from decades of insisting that the phone network connect nearly all calls, and move into pressuring phone companies to shield consumers from unwanted interruptions including scams and sales pitches.
Amdocs' (DOX) fiscal Q2 results benefit from new customer gains, penetration into new regions and a number of managed services awards.
The Impact Global Venture Summit is using government to attract Silicon Valley and corporate investors to Sacramento.
An Atlanta strategic advisory firm has a new CEO. Keith Cowan began serving as chief executive of Venadar on May 1. Since its inception in 2005, Venadar has provided strategic advisory and transaction support services to more than 40 Fortune 500 companies in a dozen industries.
Sprint (NYSE:S) fell to around $6 after Monday's general topple and continues to hover around there, flirting with a break below major moving average support. The decline in Sprint stock also comes amid the company's dual effort with T-Mobile (NASDAQ:TMUS) to salvage their planned merger attempts.Source: Shutterstock Can they pull it off? Perhaps, but the clock is ticking. Maybe that will get S stock down to the $5.50 level, which gives investors a more favorable risk/reward entry. Sprint and T-Mobile MergerWe've been hearing about a possible Sprint/T-Mobile tie-up for years. Once AT&T's (NYSE:T) acquisition of Time Warner was approved last June though, that got the ball rolling with Sprint and TMUS. On June 15, the two companies finally put through their merger application with the FCC.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Trade War Stocks With a Lot of Risk What's followed has been a long list of rumors, reports and a lot of back-and-forth. First there were reports the FCC favored a merger and a telecom market dominated by three major carriers (the third being Verizon (NYSE:VZ)). More recently, it was suggested that the FCC is reportedly 50/50 on the merger. That was in April. On that same day, Citi analysts said there could be 50% downside in Sprint stock price if the deal doesn't go through. That was with the stock at ~$5.90.So where are we now?New reports show S and TMUS are making concessions to try and get the deal approved by the FCC and DoJ. The FCC has implemented an informal "180-day shot clock" for reviewing the merger. That "shot clock" has been paused several times now, with the government shutdown and new merger plans being a few of the reasons. That clock most recently began ticking again on April 10th and we're now on Day 162.I don't know if the deal will go through, but a decision either way could be coming down soon. That is, if they follow the shot clock and don't pause it in the next few weeks. Valuing Sprint StockSprint stock has been bumbling along in the single digits for years now. It hasn't been able to get the growth it needs while reducing its debt and generating the profits that are needed for more investor money. AT&T and Verizon are cash flow machines. Sprint? Let's just say it doesn't have a long history of great cash flow.Cash and short-term investments stand at about $7 billion, while total debt stands at $39.9 billion. Growth is anemic, too. Estimates call for earnings of 4 cents per share this year and 5 cents a share in 2020.While this year's forecast is up big from a penny per share in profit in 2018, 4 cents is still not all that impressive. Particularly as revenue estimates call for a 1.1% decline this year and a 90 basis point gain in 2020. If these estimates come to fruition, Sprint's revenue in 2020 will be below that of its 2018 total.In other words, Sprint needs a deal with T-Mobile , otherwise it will continue flailing about in the single digits. While that may mean a 40% or 50% gain under very rosy circumstances, it still lags what other telecom stocks bring to the table, at least from an investor's perspective. The Bottom Line on Sprint Stock Click to EnlargeSince October, the $5.50 area has buoyed Sprint stock price and did so again earlier this month. Buying Sprint near $5.50 gives us a clear risk/reward, because we know exactly what we're willing to lose. Should Sprint stock fall below $5.50, we can use the recent low of $5.44 as a point of reference. Our stop could be a dime below our entry, while allowing for a potential run back to $6 or even $6.50.There are other considerations, too. First, Sprint stock is currently holding over the 10-week, 50-week and 200-week moving averages. Those are between $5.96 and $6.01 and should act as support at the moment. If they do, a bounce back to $6.50 is on the table. If they don't, then $5.50 becomes possible.Second, I personally will not trade Sprint stock because it's entering a binary event. That is, shares could explode higher or crater lower depending on the merger ruling. I don't like binary situations and will pass on Sprint for that reason. For those that don't mind a risky, speculative setup though, $5.50 is a reasonable entry point.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post If Sprint Stock Keeps Dropping, Consider It a Buy at $5.50 appeared first on InvestorPlace.
As a combined company, "New T-Mobile" would have more than half of the prepaid mobile market share, something regulators are concerned could decrease competition.
The FCC has announced a new role that would give phone companies permission to block calls they deem spammy. Yahoo Finance's Alexis Christoforous, Brian Sozzi and Ethan Wolff-Mann discuss.