|Bid||0.00 x 41800|
|Ask||0.00 x 1000|
|Day's Range||6.39 - 6.56|
|52 Week Range||4.81 - 7.21|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||3.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Crown Castle (CCI) reported its third-quarter results on October 17. The company posted an AFFO (adjusted funds from operations) of $1.39 per share—$0.01 higher than Wall Street analysts’ expectation. Crown Castle’s AFFO per share grew ~34% YoY (year-over-year) and 5.3% sequentially. The AFFO growth was mainly driven by the company’s revenues rising 29% YoY and 3.4% sequentially to $1.38 billion. The quarterly revenues were ahead of analysts’ estimate of $1.35 billion.
The company has partnered with Red Pocket Mobile to sell wireless plans to people buying secondhand phones from the eBay marketplace. The eBay marketplace is a popular spot among consumers to browse for used phone deals. In the US, for example, a mobile phone is sold on eBay every four seconds.
Sprint (S) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The fourth-largest U.S. wireless carrier by subscribers is selling the company called Pinsight Media as it awaits regulatory approval to sell itself to larger rival T-Mobile US Inc. The value of the Pinsight deal was not disclosed. Pinsight will continue to work with Sprint after the deal, said Rob Roy, Sprint's chief digital officer, in a statement. Sprint's sale of Pinsight comes as mobile advertising in the United States is expected to surpass television ad spending by more than $6 billion this year, according to eMarketer.
The fourth-largest U.S. wireless carrier by subscribers is selling the company called Pinsight Media as it awaits regulatory approval to sell itself to larger rival T-Mobile US Inc (TMUS.O). Pinsight will continue to work with Sprint after the deal, said Rob Roy, Sprint's chief digital officer, in a statement. Sprint's sale of Pinsight comes as mobile advertising in the United States is expected to surpass television ad spending by more than $6 billion this year, according to eMarketer.
Federal Communications Commission Chairman Ajit Pai on Tuesday called for wireless carriers to waive bills for October and allow consumers to switch carriers without penalties after some residents in Florida have expressed frustration getting service restored following Hurricane Michael. Pai said that the progress in restoring service is "completely unacceptable" and said the FCC would investigate the outages. The request from the chair of the nation's telecommunications regulator came after Florida Governor Rick Scott, who is locked in a tough race for the U.S. Senate, earlier on Tuesday called on carriers to waive bills for customers without service and allow consumers to change carriers without penalty.
Last month, Ericsson (ERIC) announced a $3.5 billion multiyear deal with telecommunications giant T-Mobile (TMUS). Ericsson will support T-Mobile’s 5G (fifth-generation) network deployment and will provide it with its 5G NR (New Radio) hardware and software.
T-Mobile said it plans to operate a "second headquarters" in Kansas if the deal is approved, but its recent moves suggest it will still be centered in the Seattle area.
Verizon is the IBD Stock of the Day as the telecom services provider breaks out of a flat base and nears a buy point. Institutional investors may shift to Verizon and other defensive plays.
Earnings season is around the corner and telecom companies will be reporting their results within the next two weeks. Here's what JPMorgan is expecting. The Analyst JPMorgan's Philip Cusick : Maintains ...
What's Next for Tech Stocks after Wednesday’s Sell-Off? Telecom giant Verizon (VZ) stock reached a 52-week high of $55.90 per share on October 10 and closed at $54.33 per share. Based on that closing price, Verizon has a market capitalization of ~$224.5 billion, the second largest after AT&T (T), which has the highest market cap of $238.6 billion among the big four US mobile operators.
Sprint (S) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Samsung (SSNLF) and AT&T (T) have teamed up to explore industrial use cases of 5G (fifth-generation) technology. As part of this program, the companies have set up a 5G testbed at Samsung’s fabrication facility in Texas. 5G connectivity is expected to help emerging technologies such as autonomous driving, remote surgery, and virtual reality to quickly become mainstream applications.
With production in top growers climbing and prices hovering near three-year lows, the last chance to arrest palm oil’s decline this year is Indian demand ahead of Diwali, the Hindu festival of lights that’ll be widely celebrated in the top importer in November. Purchases of the tropical oil by India may surge about 10 percent from a year earlier to 2.4 million metric tons in the October-December quarter on cheaper palm and tight domestic vegetable oil supplies, according to a Bloomberg survey of five buyers, traders and analysts. Palm is cheaper and that’s boosting imports amid the festival season demand, said Sandeep Bajoria, chief executive officer of Sunvin Group, a Mumbai-based broker and consultant for the oilseeds industry.
Denver isn't on any initial rollout lists for the blazing fast network, but carriers are actively laying the groundwork for it.
Vodafone (VOD) recently acquired 5G-suitable spectrum in Italy. The company bought the spectrum through an auction process organized by Italy’s economic development ministry.
Super Micro Computer Inc shares fell 16 percent on Tuesday after Bloomberg News reported that a major U.S. telecommunications firm had uncovered a malicious implant on a Super Micro server. The report follows a Bloomberg Businessweek article last Thursday that Super Micro systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents, sending its shares down 38 percent. Super Micro, a maker of computer servers, denied the claims in both articles.
T-Mobile continues to grow in its hometown Bellevue, signaling where the combined company's center of gravity will remain despite plans for a "second headquarters."
Starting this month, T-Mobile (TMUS) is operating its prepaid wireless service under the Metro by T-Mobile brand, instead of MetroPCS. In addition to its rebranding initiative, T-Mobile has introduced two new unlimited prepaid plans as well as several perks. T-Mobile’s top-tier prepaid plan costs $60 for a single line and offers unlimited talk, text, and data. It also includes Amazon Prime and Google One (GOOGL) cloud storage.
The executive who oversees Nokia’s (NOK) patent licensing business, which falls under its Nokia Technologies segment, is leaving the company. Ilkka Rahnasto is leaving his role as Nokia’s patent chief at a time when Nokia has reached patent licensing agreements with all of the world’s top handset makers, including Samsung (SSNLF), Xiaomi, Apple, Huawei, and LG Electronics.
Verizon (VZ) recently became the world’s first mobile operator to launch commercial 5G services. In a recent interview with FierceWireless, Mike Haberman, Verizon’s vice president of network engineering, discussed the company’s 5G Home speeds and what might be called a nonstandard route to 5G. Verizon (VZ) began working on its 5G deployment project when the 3GPP standard equipment for 5G wasn’t available.
Verizon (VZ) rolled out a program that seeks to encourage thousands of its employees to take early retirement. This early retirement is part of the company’s initiative to trim its workforce and cut costs. A year ago, Verizon disclosed a plan to cut $10.0 billion in expenses by around 2021. Verizon’s early retirement program is voluntary and mostly targets management employees, while frontline salespeople are excluded from the program.