S - Sprint Corporation

NYSE - NYSE Delayed Price. Currency in USD
7.22
+0.11 (+1.55%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close7.11
Open7.10
Bid0.00 x 27000
Ask0.00 x 1000
Day's Range6.99 - 7.25
52 Week Range5.35 - 7.90
Volume22,788,744
Avg. Volume24,583,353
Market Cap29.536B
Beta (3Y Monthly)0.20
PE Ratio (TTM)N/A
EPS (TTM)-0.48
Earnings DateJul 30, 2019 - Aug 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2007-12-05
1y Target Est6.27
Trade prices are not sourced from all markets
  • InvestorPlace13 hours ago

    Streaming Already Looks Like a Problem for AT&T Stock

    Finally, some good news for AT&T (NYSE:T) shareholders: T stock hit a seven-year low late last year, but it has rallied since. In fact, the AT&T stock price reached a 52-week high last week before a modest pullback.Source: Shutterstock However, I'm not buying the rally. I've long been a skeptic toward AT&T, and I see little reason to change. The merger between Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) could provide some competitive help. But Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Dish Network (NASDAQ:DISH) reportedly are entering the market. Plus, AT&T continues to lose share to T-Mobile and Verizon Communications (NYSE:VZ).Admittedly, a 6% dividend is nice. But AT&T also has some $200 billion in debt. We've seen low-growth, high-debt dividend stocks like Anheuser-Busch InBev (NYSE:BUD) and Kraft Heinz (NASDAQ:KHC) cut their payouts in recent years. AT&T's dividend looks safe for now. But if the cellular business stumbles and DirecTV continues to decline, that may change.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe wild card here is WarnerMedia, built through last year's $85 billion acquisition of Time Warner. WarnerMedia not only adds potential growth, particularly in its HBO and Warner Bros. Entertainment divisions, it gives AT&T control of both content and distribution. That's something media companies increasingly have sought of late. * 7 Dependable Dividend Stocks to Buy But for the AT&T stock price to move higher, the acquisition needs to be a success, and WarnerMedia must grow. The announcement of that unit's plans for a new streaming service casts early doubt on those hopes. The Pricing Problem for HBO MaxWarnerMedia's new service will be called HBO Max, and that alone shows the problem here. WarnerMedia charges $15 per month for HBO Now, the unit's streaming service. The new service will include HBO, along with content from its Turner networks, Warner Bros. studio, and other properties like Looney Tunes.WarnerMedia naturally wants to price its new service in a way that captures the value of the non-HBO properties. But it has a problem. The standard plan from Netflix (NASDAQ:NFLX) costs $13. Disney (NYSE:DIS) is launching Disney+ in November for $6.99 a month.Thus, HBO Max probably is pricing between $15 and $18, according to reports (AT&T hasn't released an official figure yet). For the approximately 35 million existing subscribers, a shift makes sense. But WarnerMedia is then getting at most just $3 per month in incremental revenue from those subscribers.That incremental revenue -- at most slightly over $1 billion a year -- isn't much. And it isn't even free. WarnerMedia is foregoing an estimated $80 million in annual licensing revenue from Netflix just to reclaim the rights to Friends. It ostensibly will compete with its own TBS and TNT networks, which will lose advertising dollars as cord-cutting accelerates. Any incremental revenue from the current HBO subscriber base and the associated profit, still seems to leave WarnerMedia cannibalizing itself.So, the service must add new subscribers. But here's the exclusive content on HBO Max at its launch next year: HBO, Friends, The Fresh Prince of Bel Air, Pretty Little Liars, and content from The CW. There are other original series and movies. But is any customer going to pay $18 for that bundle if she's already passed on HBO? How many customers will pay a premium over Disney's and Netflix's cheaper content? Probably very few. The HBO Max Problem for T StockWarnerMedia head John Stankey has said his goal is for the streaming service to reach 70 to 90 million customers. As The Motley Fool pointed out, Disney has targeted 60 million to 90 million within five years. Netflix currently has 60 million U.S. subscribers.Even with an existing HBO base of 35 million, Stankey's goal seems hugely optimistic. There's little reason right now to see HBO Max outperforming those streaming rivals simply from a content standpoint. DirecTV Now subscriber numbers already are plunging, which bodes poorly for the new service. Execution, meanwhile, has been poor from the jump.Stankey originally publicly floated a three-tier pricing structure which, as CNBC reported, had barely been discussed with other senior executives. That concept was axed later. The Hollywood Reporter detailed the confusing rollout (and the questionable logo) of the service, closing by asking, "what the h-- is HBO Max, really?" That's a question WarnerMedia hasn't yet answered less than a year from the launch. AT&T Has Yet to Address the Cord-cutting CrisisAnd a failed streaming service is a big problem for T stock. It undercuts the entire rationale for combining AT&T with DirecTV and Time Warner. It very well may lead to declining earnings overall, as the mobile business stays sideways, profitable landline revenues continue to fall, and DirecTV and Turner both suffer from cord cutting. Without streaming driving growth, AT&T simply looks like a group of challenged business. Even worse, the company carries a debt load that is literally historic in its size.Particularly with the AT&T stock price back at the highs, investors are betting on some sort of success in streaming. Right now, I don't think that success is on the way. And I believe that, once again, T stock will give back its gains.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Streaming Already Looks Like a Problem for AT&T Stock appeared first on InvestorPlace.

  • Sprint's Boost Mobile makes layoffs to marketing team
    American City Business Journals16 hours ago

    Sprint's Boost Mobile makes layoffs to marketing team

    Layoffs have occurred at the prepaid brand. Sprint puts the number as a single-digit percentage, but other reports put the number considerably higher as the Overland Park carrier makes the final push to merge with T-Mobile.

  • 4 Internet of Things Stocks That Will Connect Investors to Profit
    InvestorPlace18 hours ago

    4 Internet of Things Stocks That Will Connect Investors to Profit

    [Editor's note: "4 Internet of Things Stocks That Will Connect Investors to Profit" was previously published in January 2019. It has since been updated to include the most relevant information available.]As the reach of wireless expands, the Internet of Things -- or IoT -- promises to become one of the more robust niches in tech over the next few years. As such, Internet of Things stocks should prosper along with the industry.Semiconductor firms play an essential role in the growth of the IoT industry. However, due in large part to factors not related to IoT, many of the best semiconductor stocks have seen their values drop dramatically in recent months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip While this may put off some investors, many Internet of Things stocks now trade at valuations so low that they could become the best stocks in tech once a recovery begins. With low valuations, a potential for growth, and their critical roles in IoT, these four stocks appear well positioned to benefit investors: AT&T (T)AT&T (NYSE:T) stands in a uniquely strong position in the 5G market. Assuming T-Mobile (NASDAQ:TMUS) succeeds in acquiring Sprint (NYSE:S), Verizon (NYSE:VZ), AT&T, and T-Mobile will form a "Big Three" of wireless. Given the tens of billions in cost it takes to build a 5G network, the market will likely not see new entrants. Hence, most IoT devices will eventually run on services provided by one of these firms.I chose AT&T primarily because it maintains the lowest forward P/E ratio -- 9.3 -- and has the largest dividend yield -- currently 6% -- among the three.To a degree, T stock has become cheap for a reason. Unlike its other major peers, it has taken on tens of billions in debt to acquire a sizable media content library. Investor skepticism about this move likely explains the lower P/E ratio.Admittedly, I do not know if this strategy will succeed. What I do know is that AT&T can sell the content library if that business line fails. Also, with the oligopoly forming in the nascent 5G industry, chances of failure in that niche are near zero. Hence, I feel okay with collecting a 6% dividend while waiting for this approach to play out. Once AT&T finds their path to success, the P/E ratio should catch up to that of its peers. Due primarily to its 5G network, AT&T should eventually become one of the more successful Internet of Things stocks. NXP Semiconductor (NXPI)NXP Semiconductor (NASDAQ:NXPI) takes its place among Internet of Things stocks on many levels. The firm's work in chips for automotive, consumer, and industrial applications means IoT plays a critical role in the company's products. Through IoT, it connects devices ranging from cars to health monitors to drones.As a result, NXPI stock appears more immune to the chip glut that has hurt profit growth for many semiconductor companies. However, despite this immunity, the market has punished NXPI stock. It fell for most of 2018, losing over 35% of its value since hitting its all-time high in February. Granted, the failed takeover attempt by Qualcomm hurt the stock as well. However, with a forward P/E of 10.8, Wall Street values it as if it were being hit by the chip glut. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Analyst forecasts indicate otherwise. For 2019, on average, they predict 10% profit growth. They think NXPI will see double-digit profit increases in 2020 as well. Moreover, as 5G networks launch in earnest in 2020, and self-driving cars take to the roads, IoT should take off exponentially. This should propel NXPI stock to more gains. With a market cap of $28.3 billion, its story has only just begun. Once the market notices the continued profit growth of NXPI, I doubt the P/E will remain so low for long. Qualcomm (QCOM)In recent years, Qualcomm (NASDAQ:QCOM) seems better known for its failed attempt to take over NXP or its court battles with Apple (NASDAQ:AAPL). However, Qualcomm has led the way in connectivity for decades. That has helped to make QCOM one of the leading Internet of Things stocks.Even without 5G, Qualcomm has already shipped over 1 billion IoT devices. The firm offers turnkey IoT solutions. Also, its latest 5G-compatible Snapdragon processor will further strengthen its IoT presence.IoT could also lead a recovery in long-suffering QCOM stock. QCOM has lost one-third of its value since reaching a multi-year high in 2014.Years of pain have taken its forward P/E to about 14.75. But analysts forecast a return of profit growth next year, as they expect its profit to increase by 35%. Forecasts also indicate double-digit earnings increase will continue after 2020.Investors should also take QCOM seriously as a dividend stock. It has hiked its payout for eight straight years. The company will pay $2.48 per share this year, amounting to a yield of nearly 3.3%. Even if the stock languishes, stockholders earn a decent return while they wait for a recovery. Hence, with a low valuation and a recovery in profits forecast, QCOM could become one of the more lucrative IoT stocks. Skyworks Solutions (SWKS)At first glance, Skyworks Solutions (NASDAQ:SWKS) may not stand out from other Internet of Things stocks. Like most IoT players, SWKS specializes in chips designed for RF and mobile communications. Its IoT chips appear in smartphones, wearables, appliances, medical devices, and many other areas. SWKS also provides IoT in the world's industrial and wireless infrastructure.Despite decades of trading history, IoT has put SWKS stock on the map. It traded in the single-digits for years after the dot-com bubble burst. However, it had risen as much as 28-fold from its 2009 low before pulling back in 2018.Like most of its peers, SWKS suffered as a chip shortage quickly became an oversupply situation. SWKS stock has fallen 20% from its 52-week high. Like other Internet of Things stocks, the decline appears overdone. Thanks to the dropoff, SWKS stock trades at just 12 times the consensus forward earnings estimate. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Profits also appear positioned to recover once the industry works off the glut in available chips. For next year, Wall Street analysts, on average, forecast profit growth of 6.8%. They also believe those increases will reach the double-digits in future years. The move to 5G should ensure this growth continues. With few companies offering such a value proposition at so low of a P/E ratio, SWKS should see increased interest from investors in the near future.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 4 Internet of Things Stocks That Will Connect Investors to Profit appeared first on InvestorPlace.

  • 5 good reads: New owners, new tenants and whiskey, too
    American City Business Journals3 days ago

    5 good reads: New owners, new tenants and whiskey, too

    This week's stories will set you up for big things to come. They include new plans for the Sprint campus, new digs for J. Rieger & Co. and WeWork, and a new investment fund for women-led companies.

  • U.S. Antitrust Boss Playing Kingmaker in T-Mobile’s Deal for Sprint
    Bloomberg4 days ago

    U.S. Antitrust Boss Playing Kingmaker in T-Mobile’s Deal for Sprint

    (Bloomberg) -- Makan Delrahim, the U.S. Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc. and Sprint Corp. that he can pitch as a win for consumers. Here’s how he may do it.If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp. enough airwaves, prepaid customers and network access to emerge as a new national wireless competitor.That would allow T-Mobile and financially struggling Sprint to merge and create a stronger No. 3 rival to AT&T Inc. and Verizon Communications Inc. Dish’s role would satisfy the government’s longstanding demand that there be four national mobile-service companies remaining.“The right deal could be a genuine win for consumers, and if Delrahim structures it right, the facts and history will stand by him,” said Jonathan Chaplin, an analyst with New Street Research LLC.The Justice Department is nearing a final decision. While the broad outline of an accord has been established, key issues are still being debated -- including possible limits on Dish’s ambitions as a wireless carrier. The company owns billions of dollars in unused airwaves that could be tapped to create an even more formidable competitor if it’s free to obtain sufficient outside investment to build its own network, according to people familiar with the matter.Under that broad outline, Sprint’s airwaves would land in more financially stable hands. The No. 4 U.S. carrier has the most mobile-phone spectrum in the U.S. but has limited ability to build a network given its years of losses and financial constraints. Combining with No. 3 T-Mobile would solve those problems.Opponents LurkEven if Delrahim gives his blessing, he’ll still have to convince opponents that consumers won’t see higher prices and fewer choices. One point he’ll likely to highlight is that the deal provides a path to putting Dish’s trove of airwaves to work. The department declined to comment.Skeptics point out that the track record for competitors created by divestitures has been dismal. French communications firm Iliad SA became Italy’s fourth carrier last year after buying assets divested by two larger rivals that merged. Iliad had an initial surge in subscriber growth, followed by a slowdown across the sector.“The premise that this deal will be good for everyone may be a little overly optimistic,” said Phil Berenbroick of Public Knowledge, a consumer advocacy group in Washington. “It’s obvious how harmful they think the deal is if they have to create a remedy as extravagant as this.”New KidThe shift to wireless will be a challenge for Dish, which is better known as the second-largest U.S. satellite TV provider. Dish has no experience selling phones or operating a mobile service. As part of the deal taking shape, the company would take over fewer than 9 million prepaid customers from Sprint to get its wireless business started. But that’s a tiny runway to competing against incumbent carriers with 10 times more subscribers.The future looks better for T-Mobile. With Sprint’s spectrum, it will have nearly twice the wireless capacity of any other carrier. The company’s cost per gigabyte, a measure of how expensive it is to deliver service, will be cut in half, Chaplin said.“If that isn’t a recipe for lower prices and share gains, I don’t know what is,” he said.Judgment DayThe merger has already won a nod from the chairman of the Federal Communications Commission, provided the combined company divests its Boost prepaid business, freezes prices and deploys a 5G network that would cover 99% of the U.S. population within six years.If the Justice Department approves, T-Mobile and Sprint would gain an important ally as they fight a lawsuit challenging the merger brought in June by 13 states and the District of Columbia. The states argue the tie-up will harm competition and lead to higher prices.Chaplin said investors may provide a crucial clue when the Justice Department announces its now-expected approval.“Watch what happens to the stock price of AT&T and Verizon on the day the deal is announced,” he said. “That will be the best litmus test of whether the deal is good for consumers, or not. If their stock prices fall, it is probably a good deal for consumers.”\--With assistance from Todd Shields.To contact the reporters on this story: Scott Moritz in New York at smoritz6@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Telecom Firms Collaborate to Deliver 5G on Low-Band Spectrum
    Zacks5 days ago

    Telecom Firms Collaborate to Deliver 5G on Low-Band Spectrum

    Collaboration between tech firms is likely to serve as a major landmark in the 5G history of the country, and sow the seeds for delivering the state-of-the-art technology beyond urban areas.

  • Seriously, Nokia’s 5G Portfolio Makes NOK Stock Worth a Shot
    InvestorPlace5 days ago

    Seriously, Nokia’s 5G Portfolio Makes NOK Stock Worth a Shot

    Back in late May, yours truly suggested the 5G opportunity Nokia (NYSE:NOK) has ahead of it made NOK stock a buy. The 37 commercial 5G contracts Nokia had inked at the time was lighting the path ahead for Finland's telecom-tech giant, despite the fact that NOK was still facing its share of headaches.Source: Shutterstock In the meantime, the figure has been ramped up to 42 contracts. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond But that early-June news did nothing to bolster beaten-down Nokia stock. However, a rebound of NOK stock may be in the works. The comeback is just going to take some time to pan out, as NOK does indeed appear to have become a "show me first" stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe show is coming. Setting the StageOne of the 42 5G deals that NOK has received was with Taiwan Star Telecom, which is growing its existing network to prepare for 5G service. It was the "off the shelf," complete nature of Nokia's portfolio that made NOK the easy choice for TST.China Mobile (NYSE CHL) confirmed at last month's Mobile World Congress that it would be the first to utilize Nokia's Massive MIMO solution, laying the ground work for its 5G network. China Unicom (NYSE:CHU) announced on Wednesday that Nokia's optical fronthaul hardware would help usher in its foray into 5G. Sprint (NYSE:S), T-Mobile (NASDAQ:TMUS) and BT Group (NYSE:BT) are all also tapping Nokia for help on the 5G front.Given NOK's confirmed 5G contracts, CEO Rajeev Suri's June comment that his company wins "two-thirds of the time" when competing with rival Ericsson (NYSE:ERIC) for new business isn't a tough idea to believe. His company is making new deals at a pace Ericsson has somehow been unable to keep up with.But that just hasn't mattered to investors, who ultimately dictate the price of NOK stock. Slow Moving, But Not That SlowWhen Nokia's CEO, Suri, commented in May that "5G is not the future anymore. It is here, and Nokia is leading it. We are winning deals and rolling out some of the world's first 5G networks" he didn't necessarily mean that NOK was literally in the process of rolling out 5G networks.For that matter, he didn't mean that it would launch the networks during that week or month. It can take several weeks -- if not months -- just to put the new hardware in place and put it into operation. In some cases, the installations called for by inked contracts likely aren't even scheduled to happen until next year.Revenue from such deals can't be booked yet, of course, and none has been. NOK made that point in conjunction with its Q1 report, and Suri reiterated it last month. The publicly available details of those contracts are minimal, at best; NOK doesn't divulge the specifics of deals it makes, nor should it.With 42 contracts in hand, however, analysts and investors alike are arguably underestimating how much revenue is in its pipeline for the latter part of this year and all of next year.Meanwhile, NOK will sign additional 5G deals, which aren't factored into most analysts' estimates.Analysts' alarmingly anemic average estimates for NOK adds further credence to that theory. They've estimated that its revenue will drop by 3%, and only recover by about as much in 2020. The following year's revenue growth outlook is only marginally better. Earnings per share is projected to improve at a faster clip, but still modestly, and still not rapidly until 2021. Click to EnlargeIt's going to take some time for Nokia's 5G opportunity to bear fruit, but it may not take nearly as much time as the pros are suggesting. The Bottom Line on NOK StockSo far, NOK has gotten little to no credit for its newly-won contracts, as investors struggle to get past the company's disappointing first -quarter results. Unfortunately, the upcoming second -quarter results may be equally disappointing.Any Q2 trouble may already be more than priced into Nokia stock, though.Whatever's in the cards, from Q3 on, the telecom technology giant is far better positioned to top revenue and earnings estimates than most investors appear to believe. The weakness of Nokia stock since April is still a dip worth buying if you can stomach a few quarters of volatility.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Seriously, Nokia's 5G Portfolio Makes NOK Stock Worth a Shot appeared first on InvestorPlace.

  • What's in Store for Crown Castle (CCI) This Earnings Season?
    Zacks5 days ago

    What's in Store for Crown Castle (CCI) This Earnings Season?

    While Crown Castle International's (CCI) site-rental revenues will likely improve, intense competition amid growth potential of the tower sector might dent net revenues from network services.

  • How Will AT&T’s Q2 Results Stack Up Against the Competition?
    Market Realist6 days ago

    How Will AT&T’s Q2 Results Stack Up Against the Competition?

    AT&T plans to post its second-quarter results on July 24. Before we dive into its estimates, let’s recap its first-quarter performance.

  • Sprint Lights Up True Mobile 5G in Chicago
    PR Newswire6 days ago

    Sprint Lights Up True Mobile 5G in Chicago

    The next generation of wireless service is available in the Windy City, covering approximately 700,000 people CHICAGO , July 11, 2019 /PRNewswire/ -- Sprint's (NYSE: S) on-the-go customers can now experience ...

  • Reuters6 days ago

    UPDATE 2-T-Mobile, Sprint expected to extend deal date -sources

    T-Mobile US Inc and Sprint Corp expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources close to the deal. T-Mobile and Sprint have agreed to a series of deal concessions, including to sell the prepaid brand Boost, to gain merger approval, but they still need a green light from the U.S. Department of Justice. The parties are haggling over restrictions over who can buy the divested assets if they are sold in the future, with T-Mobile and Deutsche Telekom seeking to prevent them from going to a cable or technology company, the Wall Street Journal reported on Thursday.

  • Report: Sprint/T-Mobile will extend merger deadline past July 29
    American City Business Journals6 days ago

    Report: Sprint/T-Mobile will extend merger deadline past July 29

    The two carriers are wrestling with a deal about how to handle assets divested to Dish Network as part of the $26.5 billion merger, according to a Thursday report.

  • T-Mobile, Sprint expected to extend deal date -sources
    Reuters6 days ago

    T-Mobile, Sprint expected to extend deal date -sources

    T-Mobile and Sprint have agreed to a series of deal concessions, including to sell the prepaid brand Boost, to gain merger approval, but they still need a green light from the U.S. Department of Justice. The parties are haggling over restrictions over who can buy the divested assets if they are sold in the future, with T-Mobile and Deutsche Telekom seeking to prevent them from going to a cable or technology company, the Wall Street Journal reported on Thursday. The Justice Department has indicated that it wants the new competitor to be strong enough to compete with the industry giants, which would be Verizon Communications Inc, AT&T Inc and T-Mobile if this merger goes through.

  • Telecom Stock Roundup: Qualcomm Wins EU Battle, AT&T's Streaming Service & More
    Zacks6 days ago

    Telecom Stock Roundup: Qualcomm Wins EU Battle, AT&T's Streaming Service & More

    While Qualcomm (QCOM) will have the freedom to adopt a range of technologies for Internet-connected cars, AT&T (T) will mark the debut of streaming service with HBO Max in spring 2020.

  • MarketWatch7 days ago

    T-Mobile heads for highest close since 2007 ahead of S&P 500 inclusion

    T-Mobile US Inc. shares are on track for their highest close since July 20, 2007, following an announcement that the telecommunications stock will replace Red Hat in the S&P 500 index at the open on Monday, July 15. Shares are up 3.2% in Wednesday trading. Citi Research analyst Michael Rollins said that the S&P 500 addition is "a potentially positive catalyst for T-Mobile shares that could broaden investor investor." He calls the stock his top pick in wireless regardless of whether the company's deal for Sprint Corp. gains approval. Shares are up 23% so far this year, while the S&P 500 has gained 19%.

  • T-Mobile News: TMUS Stock Joins S&P 500 Index
    InvestorPlace7 days ago

    T-Mobile News: TMUS Stock Joins S&P 500 Index

    T-Mobile news for Wednesday about the wireless company joining the S&P 500 has TMUS stock up.Source: Mike Mozart via Flickr (modified)T-Mobile (NASDAQ:TMUS) is joining the S&P 500 thanks to a couple of different changes. The first change is that the index has relaxed some of its rules, which allows TMUS to join it.The rule change is that companies no longer have to have 50% of their shares in the hands of public investors. That is good t-Mobile news as only has 37% of its outstanding shares belonging to public investors, reports Barron's.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe other reason that T-Mobile is able to join the S&P 500 is that a new spot has opened up on the index. This spot was previously held by Red Hat. However, that company is no longer on the public market after being acquired by IBM (NYSE:IBM).The T-Mobile news about is joining the S&P 500 is actually a little ahead of its debut on the index. TMUS won't be officially replacing Red Hat on the index until next week, Yahoo Finance notes. * 7 Retail Stocks to Buy for the Second Half of 2019 While T-Mobile is joining the S&P 500, there's no guarantee it will be a part of the index for long. This is due to the company currently attempting a merger with rival wireless company Sprint (NYSE:S).Following the T-Mobile news about the company joining the S&P 500, TMUS stock was up 4% as of Wednesday afternoon. The stock is also up 15% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks As of this writing, William White did not hold a position in any of the aforementioned securities.The post T-Mobile News: TMUS Stock Joins S&P 500 Index appeared first on InvestorPlace.

  • Sprint Works with Home Health Organization to Bring Job Resources to Caregivers
    PR Newswire7 days ago

    Sprint Works with Home Health Organization to Bring Job Resources to Caregivers

    OVERLAND PARK, Kan., July 10, 2019 /PRNewswire/ -- Sprint (NYSE:S) is proud to announce that Ultimate Care, a home health care company based in New York, has selected Sprint as its exclusive mobile service provider to give home health aides reliable access to important medical and employee resources when working in patients' homes. As part of the relationship, Sprint is providing the company's employees with Samsung smartphones to improve overall efficiency and give them instant access to critical resources needed to properly care for their patients. "We're honored to be working with Ultimate Care to help their employees better serve their patients," said Thomas Malloy, account executive at Sprint.

  • American City Business Journals7 days ago

    Behind the deal: Occidental Management execs share details from Sprint campus deal

    The deal, which closed Tuesday after being announced on March 1, marks an end to a pivotal business landmark in the Kansas City metro and a new chapter for the roughly 4 million-square-foot, 190-acre complex in Southern Johnson County.

  • Reuters7 days ago

    UPDATE 1-U.S. FCC votes 3-2 to auction key 2.5 GHz spectrum band for 5G

    The U.S. Federal Communications Commission on Wednesday voted 3-2 to auction a key band of underused 2.5 GHz spectrum to help advance next-generation 5G wireless networks and scrap requirements that it be used for education. The mid-band spectrum was reserved in the 1960s for what is now known as the Educational Broadband Service. Sprint Corp uses leased spectrum in the 2.5 GHz band in its existing 4G network and 5G network that it is being rolled out.

  • Bloomberg7 days ago

    Dish’s Charlie Ergen Can Make or Break T-Moblie-Sprint Deal

    (Bloomberg Opinion) -- Players beware when Charlie Ergen holds all the cards. As T-Mobile US Inc. and Sprint Corp. continue to fight in Washington for their long-awaited merger, the wily satellite-TV billionaire is the companies’ best hope for getting the deal through. Unless, of course, he walks away.Ergen, the 66-year-old chairman and co-founder of Dish Network Corp., has a reputation for being an finicky dealmaker, with a tendency to upset merger processes and then drop out. The former professional poker player would say he’s simply not afraid to fold his cards – or alienate his peers. Case in point: A few years ago, Ergen offered to buy both Sprint and Clearwire, which then turned into a bidding war against Sprint for Clearwire, a collection of wireless-spectrum assets. Ergen ultimately gave up on both pursuits, but not before driving Sprint to pay about 70% more than it initially bid. Sprint got Ergened. Back to present day, and what do you know: Sprint’s fate pretty much rests in Ergen’s hands, as the U.S. Department of Justice determines whether to approve or reject its $59 billion takeover by T-Mobile. Makan Delrahim, the DOJ’s head of antitrust, reportedly wants the companies to divest assets that could be used to create a new viable fourth competitor as a check on the industry’s pricing power. So Ergen, who had been among the merger’s biggest opponents, is now ostensibly ready to be the deal’s savior by acquiring those assets and committing to morphing Dish into a full-fledged wireless carrier. Maybe. Over the years, Ergen had gamed the government auction system to scoop up Dish’s own valuable spectrum licenses, which have a use-it-or-lose-it provision with nearing deadlines. Taking on the scraps from the T-Mobile-Sprint deal could ease that pressure and help Ergen make good on his promises to build a network. But if unnamed sources cited by the New York Post are to be believed, Deutsche Telekom AG, T-Mobile’s parent, is insisting it will only hand those assets to Dish if it vows not to sell more than a 5% stake in itself to a third party such as Google or Amazon.com Inc., which are two giant would-be threats to the industry.It makes sense that T-Mobile’s side would be worried about Dish teaming up with one of those deeper-pocketed companies, as I wrote last month. And agreeing not to do so certainly isn’t in Dish’s best interests. Ergen has said he needs a partner for Dish’s network build-out, which presumably would entail some sort of shared ownership.For that reason, Ergen could just walk away once again. Without him, there may be no T-Mobile-Sprint merger. After all, 13 states and the District of Columbia have sued to block the deal in a trial that may start in October. No deal could also mean T-Mobile turns to Dish to fulfill its spectrum needs.“Charlie is very hard to understand and predict,” billionaire dealmaker John Malone, owner of the Liberty media assets and director emeritus at Charter Communications Inc., said of Ergen a few years ago. “He’s very creative, but he’s a poker player.” (Ironically, Fox Business Network reported that because some at T-Mobile and Sprint are skeptical of Ergen’s dealings with the DOJ, they’re “praying” Charter and Malone will bid for the divested assets.)John Legere, T-Mobile’s outspoken and genial CEO, has been an ideal pitchman for the deal, smoothly handling inquisitions by Congress over the past year and constantly using his highly followed social media channels to promote the merger. But his style may be no match for Ergen’s whimsy. At the end of Legere’s latest episode of “Slow Cooker Sunday” this week – where he demonstrated recipes for Cajun corn on the cob and lemon feta drumsticks – the magenta-apron-wearing executive took a moment to make a wish. I think I know what it was. This may be the week that finally yields a decision from the DOJ, and what that decision will be is still anyone’s guess. But what I can say for certain is something I’ve said many times before: Good luck betting against Charlie Ergen. To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Sprint Closes Asset Sale, Inches Closer to T-Mobile Merger
    Zacks7 days ago

    Sprint Closes Asset Sale, Inches Closer to T-Mobile Merger

    As part of the sale-leaseback agreement, Sprint Corporation (S) will relocate from 11 buildings, it presently occupies, to four surrounding buildings on the campus.

  • A Fourth U.S. Wireless Competitor Would Keep Prices Low
    Motley Fool8 days ago

    A Fourth U.S. Wireless Competitor Would Keep Prices Low

    But it could have a disproportionate impact on this big carrier.

  • American City Business Journals8 days ago

    Sprint closes deal to sell Overland Park campus

    A deal to sell the 17-building Sprint campus in Overland Park to Wichita-based Occidental Management has closed. The deal comes on the heels of speculation that the U.S. Justice Department is close to a decision on Sprint's $26.5 billion merger with T-Mobile.

  • Dish is in a ‘win-win’ situation even if deal between T-Mobile and Sprint approved: analyst
    MarketWatch8 days ago

    Dish is in a ‘win-win’ situation even if deal between T-Mobile and Sprint approved: analyst

    Cowen & Co. analyst Gregory Williams reiterated his bullish view of Dish Network Corp. shares on Tuesday, writing that the satellite-TV company is “generally in a win-win situation” regardless of whether T-Mobile US Inc.’s deal for Sprint Corp. ultimately gains approval.