|Bid||36.97 x 4200|
|Ask||36.98 x 2700|
|Day's Range||36.94 - 37.33|
|52 Week Range||32.55 - 42.70|
|PE Ratio (TTM)||17.78|
|Forward Dividend & Yield||2.00 (5.43%)|
|1y Target Est||N/A|
On Thursday, Nomura Instinet downgraded Comcast Corporation (NASDAQ:CMCSA) from a “Buy” to “Neutral” on concerns that its growth was about to hit a major headwind. Namely, Comcast is dealing with a “narrowing runway” that will ultimately prove to be a drag on CMCSA stock, as competitors drive deeper into the company’s core-but-commoditized markets.
Despite my general bullishness towards Oracle Corporation (NYSE:ORCL), the vaunted company has an image problem. In a young industry such as cloud computing, youth, apparently, is paramount. Companies like Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) were established in the 1990s.
For the past year, one of my favorite companies to discuss was Micron Technology, Inc. (NASDAQ:MU). For a strong, dominant organization, a correction is a relatively brief blip before its stock surges to its next price target. Ordinarily, I would say the same thing about Micron stock.
Although most of the major telecom stocks lost value last week, the sector was witness to a number of important events.
Now we’ll take a look at Verizon’s (VZ) spending on capex (capital expenditure). In order to improve its network and acquire additional spectrum for future use, the mobile carrier has been investing largely in capex. Wall Street analysts expect Verizon’s spending on capex to reach ~$5.5 billion in 4Q17.
Strong portfolio of wireless spectrums with 4G LTE network, 5G network trials, booming digital media suite and unlimited data plans are likely to drive Verizon's (VZ) prospects.
Lately, 5G (fifth-generation) technology is generating some buzz in the media and telecommunications industry. The 5G network has the potential to significantly reduce latency, boost download and upload speeds, and improve network reliability. According to research by Statista, 5G wireless subscriptions are projected to reach 545 million by 2022.
SAN FRANCISCO (AP) — Apple is planning to build a new corporate campus and hire 20,000 U.S. workers in an expansion driven in part by a tax cut that will enable the iPhone maker to bring an estimated $245 billion back to its home country.
Now let’s take a look at Verizon’s (VZ) customer retention metric, or its churn rate. Wall Street analysts anticipate Verizon’s postpaid phone churn rate to rise in 4Q17 mainly due to growing competition in the postpaid market and strong promotional offers from competitors. Earlier in 3Q17, Verizon reported a postpaid phone churn rate of 0.75%, the tenth consecutive quarter in which it had a postpaid phone churn rate of less than 0.90%.
Despite high-profile announcements, few large US companies plan to use tax savings to boost investment or raise workers' pay, a CNBC survey found.
AT&T, Apple and Amazon were among U.S. companies that added the most debt in 2017, says S&P Dow Jones Indices.
Wall Street Journal chief economics commentator Greg Ip discusses whether some of the technology giants -- which are leading the pack in the market -- should be worried about possible antitrust action.