S - Sprint Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
6.85
+0.18 (+2.70%)
As of 11:32AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close6.67
Open6.90
Bid6.89 x 900
Ask6.90 x 1100
Day's Range6.75 - 7.04
52 Week Range5.09 - 7.90
Volume17,345,562
Avg. Volume20,154,024
Market Cap27.936B
Beta (3Y Monthly)0.79
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 Est6.24
Trade prices are not sourced from all markets
  • Telecom Stock Roundup: Qualcomm's Bypass Plans, T-Mobile's Merger Efforts & More
    Zacks2 hours ago

    Telecom Stock Roundup: Qualcomm's Bypass Plans, T-Mobile's Merger Efforts & More

    Qualcomm (QCOM) is expected to remain unaffected by the Huawei ban, while T-Mobile (TMUS) is leaving no stone unturned to win regulatory clearance for its merger with Sprint (S).

  • DOJ's Delrahim still open to Sprint-T-Mobile deal: CNBC
    Reuters4 hours ago

    DOJ's Delrahim still open to Sprint-T-Mobile deal: CNBC

    The U.S. Department of Justice's antitrust chief, Makan Delrahim, is still open to T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, CNBC reported on Thursday. Reuters reported on ...

  • Reuters9 hours ago

    Nikkei drops as U.S.-China trade tensions hit tech shares

    Japan's Nikkei dropped on Thursday after renewed U.S.-China trade tensions dragged down technology shares, while index-heavyweight SoftBank Group fell more than 5 percent. TDK Corp dived 6.5%, Advantest Corp declined 2.6%, Tokyo Electron shed 2.5%, and Sony Corp slid 3.7%. "Investors are worried that the U.S. may put restrictions on more companies in the future, not just Huawei and Hikvision," said Takuya Takahashi, a strategist at Daiwa Securities.

  • Reuters13 hours ago

    Nikkei drops as U.S.-China trade tensions flare; Sprint sale doubt hits Softbank

    Japan's Nikkei dropped on Thursday morning after renewed U.S.-China trade tensions dragged down technology shares, while index-heavyweight SoftBank Group fell more than 5 percent. The Nikkei share average ...

  • ACCESSWIRE17 hours ago

    CLASS ACTION UPDATE for EB, S and NOK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / May 22, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...

  • GlobeNewswire18 hours ago

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Sprint Corporation - S

    Pomerantz LLP is investigating claims on behalf of investors of Sprint Corporation (“Sprint” or the “Company”) (NYSE: S).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.

  • ACCESSWIRE19 hours ago

    Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Sprint Corporation - S

    NEW YORK, NY / ACCESSWIRE / May 22, 2019 / Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Sprint Corporation (NYSE: S) from January 31, ...

  • U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say
    Reuters21 hours ago

    U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

    The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. While Justice Department staff balked at the merger, the Federal Communications Commission indicated on Monday it had reached an agreement in principle with the companies to allow the deal after the companies agreed to sell Sprint's prepaid brand Boost Mobile. The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim.

  • T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say
    Reuters21 hours ago

    T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say

    WASHINGTON/NEW YORK (Reuters) - Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said. The more expensive prepaid plans, used by people who lack the good credit to qualify for a cheaper postpaid plan means low-income users will have less access to the internet for job hunts and job applications, and for children to do homework, activists say. T-Mobile and Sprint said on Monday they would sell Sprint's Boost Mobile business, which sells prepaid plans, and ensure that the divested company has access to a wireless network for six years.

  • Why Sprint Stock Isn’t a Gamble That’s Worth Taking
    InvestorPlace21 hours ago

    Why Sprint Stock Isn’t a Gamble That’s Worth Taking

    Sprint (NYSE:S) continues to remain in limbo. Amid a merger in jeopardy and a disappointing earnings report, Sprint stock had fallen even as that of its buyer-in-waiting, T-Mobile (NASDAQ:TMUS), steadily rises. Sprint stock spiked higher on Monday as the Federal Communications Commission (FCC) appeared to green light the merger.Source: Shutterstock However, with the Department of Justice (DOJ) set to block the union, Sprint has again begun to fall. Worse, given the known state of Sprint's 5G network, one has to wonder if it can remain a viable entity without the help of T-Mobile. Given these conditions, Sprint stock offers no viable investment options for shareholders. FCC, DOJ on Opposing SidesSprint stock surged higher by almost 19% in Monday trading as FCC Chairman Ajit Pai gave his approval to the merger. Before this announcement, S stock traded more than 20% below the price T-Mobile guaranteed to Sprint shareholders if the deal took place. With FCC approval, much of that gap had closed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the stock fell back by more than 3% in Wednesday trading as antitrust staffers at the DOJ recommended blocking the deal. Now, political appointees within the DOJ must decide whether to file a suit to block the agreement. Most expect a final decision within a month. Whatever happens, it brings further uncertainty to a deal seen as both controversial and inevitable. Expect Some Kind of MergerInvestors need to understand that a merger will occur whether or not a merger occurs. The government can allow T-Mobile to buy Sprint's assets. It can also let Sprint decline. If Sprint folds, some or all of the remaining 5G players could buy Sprint's assets in the bankruptcy process. As my colleague Dana Blankenhorn suggests, they could also face better-heeled players such as Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN) buying Sprint's assets. Hence, few in the telco industry will win if the DOJ blocks the deal. * 10 Names That Are Screaming Stocks to Buy Our own James Brumley spells out this case in greater detail. I agree with him that regulators know that the market may end up with only three 5G players regardless of their decision on the merger. Still, predicting if and when a deal occurs remains the challenge. Sprint Stock Is Not an InvestmentAs a result, Sprint stock has ceased to serve as an investment. Both the numbers and management's illustration of the network leave investors with few reasons to choose S stock over AT&T (NYSE:T) or Verizon (NYSE:VZ). CEO Michael Combes even declined to answer a question as to whether the company can offer nationwide coverage if the T-Mobile merger does not occur.By itself, this makes Sprint's 5G less valuable than that of its three direct peers. That bodes poorly for a company with $28.27 billion in book value and $36.28 billion in long-term debt.In fairness, the stocks of AT&T and Verizon also face their challenges. Due to the cost of a 5G buildout and other factors, both companies face heavy debt loads. In AT&T's case, a move into media content has placed further pressure on that equity. As a result, both stocks support low multiples.However, one can still classify those companies as investments. Lower stock prices have given both AT&T and Verizon some of the highest dividend yields in the S&P 500. Sprint cannot afford a payout at all. Moreover, both AT&T and Verizon have increased their payouts every year for decades. 5G will probably finance these dividend increases in the future. Hence, even if these equities remain somewhat depressed, they can still deliver shareholder return. A Deal Is the Only Hope for Sprint StockThe merger has become the only known possibility for Sprint stock to deliver further significant upside. Since holders of S stock will receive 0.10256 shares of T-Mobile stock, this translates into a purchase price of about $7.85 per share as of the time of this writing. With the current Sprint stock price of around $7 per share, that represents a premium of almost 12%. Without the deal, traders will probably watch Sprint become the Sears Holdings (OTCMKTS:SHLDQ) of the wireless industry as it gradually bleeds out. * 7 Athletic Apparel Stocks With Marathon Pace In the end, we do not know what regulators will do. Hence, I mostly agree with my colleague Vince Martin that Sprint stock has become a gamble. However, I see this as a poor gamble, as we do not know when government regulators will make their final decision. The Bottom Line on Sprint StockSprint stock offers little hope for investor returns outside of the formal approval of the T-Mobile merger. Given its financial condition, Sprint will struggle to build a nationwide 5G network without some help. Hence, a takeover of some kind will likely occur regardless of what regulators may think.This leaves holders of Sprint stock with only gambling instead of investing options. They either bet on government approval, or they witness an almost-certain drop into penny-stock status. With the FCC and DOJ at cross purposes, what will happen is anyone's guess.People who want to gamble might have better luck (and certainly more fun) at a blackjack table. Those who wish to invest will likely see higher returns in the equities of AT&T, Verizon or that of their prospective suitor.As of this writing, Will Healy did not hold a position in any of the aforementioned securities. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Why Sprint Stock Isn't a Gamble That's Worth Taking appeared first on InvestorPlace.

  • Reuters21 hours ago

    U.S. Justice Dept staff recommends blocking T-Mobile-Sprint deal, sources say

    The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. While Justice Department staff balked at the merger, the Federal Communications Commission indicated on Monday it had reached an agreement in principle with the companies to allow the deal after the companies agreed to sell Sprint's prepaid brand Boost Mobile. The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim.

  • ACCESSWIRE22 hours ago

    FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of EB, S and KSHB

    CEDARHURST, NY / ACCESSWIRE / May 22, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.

  • Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner
    InvestorPlace23 hours ago

    Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner

    Telecom heavyweights T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) captured headlines and received a big lift in the markets. In a stroke of good fortune, Federal Communications Commission chairman Ajit Pai recommended approving their $26 billion merger. But as great as this news is for TMUS and Sprint speculators, sector giant Verizon (NYSE:VZ) stock also received much love.Source: Via FlickrGranted, the scale is completely different. T-Mobile shares jumped nearly 4% on the news, while Sprint went berserk, gaining almost 19%. On the other hand, the VZ stock price increased a modest 1.6%. It was a similar tale with telecom leader AT&T (NYSE:T), which eked out a 1.2% single-day profit.But why would this merger help either AT&T or Verizon stock? The combined T-Mobile-Sprint entity will have a wireless-subscription base of 125 million customers. AT&T won't feel immediately threatened with their 148 million subscribers. But Verizon has 118 million subs, which would put it last in this three-way race.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, it's important to recognize market sentiment here. Despite the sudden presence of a third stalwart in the mix, the VZ stock price went up, not down. I don't think this swing, albeit a small one, is an anomaly.For one thing, Verizon is the dominant leader in the 4G network, with 70% coverage. There's quite a gap from there to T-Mobile in the number-two slot, with 59%. Plus, VZ delivered the world's first 5G service, giving it a leg up on the competition. That's one reason not to worry about Verizon stock. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The other reason is customer loyalty. Here, T-Mobile wins but Verizon holds a strong second. Combined with the coverage-advantage, VZ stock is compelling. VZ Stock Is Fundamentally Critical to National InterestsBut for me, the overriding factor supporting the bull case for Verizon stock is the ultra-long-term national interest. Pai listed out his agency's top goals during the merger-approval announcement, stating, "Two of the F.C.C.'s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity."I don't think you can overemphasize this point: the U.S. must win the technology race if it wants to maintain its global economic and military dominance. Our fiercest adversaries, China and Russia, already have strategized their vision that extends decades. Based on the priorities of the President Donald Trump administration (ie. the wall), we may be desperately behind.Therefore, it's critical that we not only build out our 5G network, but that we decisively lead the sector. Obviously, with Verizon taking that key first step, this embodies the leadership our government wants and needs. You can easily expect support at the highest level, which bodes extremely well for the VZ stock price.Really, it's the same argument for AT&T. Recently, I mentioned that T shares represent more than a mere investment. When you have Russian President Vladimir Putin essentially stating that he's going to do his level best to win in artificial intelligence, these telecom giants immediately take on more significance.With AT&T or Verizon stock, you don't need to get complicated: we have to win and win bigly in 5G. This groundbreaking platform is the backbone of all technologies of tomorrow. If we're going to do anything -- be it AI, automation, or robotics -- we must implement the best telecommunications network.I would say that anything short of that jeopardizes national security because the pace of innovation is exponential. Verizon Stock or AT&T?If you've decided to invest in telecom -- and it's a very wise decision -- you now have a choice: assuming you're going with the leaders, do you pick Verizon stock or AT&T?Both names are similar in their size, fundamental importance and potential reach. While some analysts may swing one way or the other, I think it comes down to risk tolerance.Obviously, AT&T carries more risk because it has much more debt than VZ stock. That said, I'm more convinced that the former has made relatively smarter choices in their acquisitions. For instance, while the DirecTV buyout has not panned out well, it has some possibility of at least breaking even.I say that because streaming isn't a complete panacea. It has drawbacks, such as requiring expensive high-speed internet, and limited access in remote areas. On the other hand, Verizon buying out assets like Yahoo probably has no chance of redemption.Still, Verizon stock is on paper the safer way to go. Based on how critical 5G technology is and will be, you can't go wrong with either giant.As of this writing, Josh Enomoto is long AT&T stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner appeared first on InvestorPlace.

  • GlobeNewswireyesterday

    S DEADLINE ALERT: Pawar Law Group Reminds Investors of Deadline in Securities Class Action Lawsuit Against Sprint Corporation – S

    Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Sprint Corporation (NYSE:S) from January 31, 2019 through April 16, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages Sprint investors under the federal securities laws. The firm reminds investors of the June 21, 2019 lead plaintiff deadline in the case.

  • GlobeNewswireyesterday

    CLASS ACTION UPDATE for CRCM, ZGNX, S and EQBK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, May 22, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..

  • Sprint and Airspan Win SCF 2019 Small Cell Award for Excellence in Commercial Deployment
    PR Newswireyesterday

    Sprint and Airspan Win SCF 2019 Small Cell Award for Excellence in Commercial Deployment

    OVERLAND PARK, Kan., May 22, 2019 /PRNewswire/ -- Sprint (NYSE:S) with Airspan is honored to receive the 2019 Small Cell Award for Excellence in Commercial Deployment from the Small Cell Forum (SCF). The Small Cell Awards, now in their eleventh year, celebrate the very best in industry innovation and commercial excellence. The Excellence in Commercial Deployment award recognizes Sprint for improving its customers' network experience with the deployment of nearly 20,000 AirStrand small cells from Airspan.

  • ACCESSWIREyesterday

    Bronstein, Gewirtz & Grossman, LLC Class Action - S, BSX & INVVY

    NEW YORK, NY / ACCESSWIRE / May 22, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...

  • Sprint, T-Mobile Fall on Report That DOJ Staff Opposes Deal
    Bloombergyesterday

    Sprint, T-Mobile Fall on Report That DOJ Staff Opposes Deal

    The staff’s opposition, reported by Reuters, may influence the opinion of the department’s antitrust chief, Makan Delrahim, who has the ultimate say on whether to oppose the $26.5 billion deal. Bloomberg News reported earlier this week that Delrahim is leaning against the transaction, citing a person familiar with the matter. Sprint fell as much as 4.2% in New York trading Wednesday, while T-Mobile fell as much as 1.2%.

  • Motley Foolyesterday

    FCC Chairman Ajit Pai Recommends Approval of T-Moble/Sprint Merger

    The market had been treating this like a coin toss. Now, optimism reigns.

  • GlobeNewswireyesterday

    Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Whitestone, Fusion, Nokia, and Sprint and Encourages Investors to Contact the Firm

    NEW YORK, May 22, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Whitestone REIT, Fusion.

  • ACCESSWIRE2 days ago

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of EB, BA and S

    NEW YORK, NY / ACCESSWIRE / May 21, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have ...

  • ACCESSWIRE2 days ago

    JUNE DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Sprint Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / May 21, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sprint Corporation (''Sprint'' ...

  • American City Business Journals2 days ago

    Analyst: 'T-Mobile will do whatever it takes' to get Sprint deal approved

    The DOJ wants to extract more concessions from T-Mobile, according to an industry analyst, and the company's leadership have personal incentives to make it happen.