|Bid||68.53 x 2900|
|Ask||69.50 x 800|
|Day's Range||68.92 - 69.34|
|52 Week Range||54.60 - 69.34|
|PE Ratio (TTM)||12.73|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||77.17|
Sprint (S) has been cutting its costs and reviving its profits over the past few quarters. In the first quarter of fiscal 2018, which ended in June, it realized ~$100 million in net cost reductions YoY (year-over-year) in combined operating expenses across cost of services and SG&A (selling, general, and administrative) expenses. During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s CEO, spoke about the company’s cost-cutting initiatives.
On September 14, AT&T’s (T) market capitalization was ~$244.2 billion, making it the largest US wireless service provider in terms of market cap. In comparison, Verizon (VZ) had a market capitalization of ~$226.0 billion, T-Mobile’s (TMUS) market cap was ~$57.1 billion, and Sprint’s (S) market capitalization was ~$25.8 billion.
Sprint (S) added 3,000 net prepaid subscribers in the first quarter of fiscal 2018, which ended in June. That compares to 170,000 in the previous quarter. The significant sequential fall was due to seasonally lower Boost brand gross additions.
Sprint (S), the fourth-largest wireless operator in the United States, spent $1.13 billion on cash capital expenditures, excluding leased devices, in the first quarter of fiscal 2018, which ended in June. During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s CEO, spoke about the company’s capex going forward.
The nation's largest low-cost wireless carrier has submitted a letter to regulators in support of the merger.
The FCC (Federal Communications Commission) is planning to run two spectrum auctions beginning in November. The spectrum is anticipated to help mobile operators accelerate the development of 5G (fifth-generation) networks. During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s (S) CEO, spoke about the company’s plans before the upcoming US spectrum auctions.
Last week, the FCC (Federal Communications Commission) announced that it needs more time to review the proposed merger between T-Mobile (TMUS) and Sprint (S). During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s CEO, was asked how the company is preparing for its merger with T-Mobile.
The worst may be over for telecom stocks, argues Oppenheimer. Where we were: Some communications stocks have trailed the market this year. While the telecommunications sector will soon cease to exist under the S&P and MSCI Global Industry Classification System, replaced by the new communications services sector, many telecom stocks, by any other name, have still performed as poorly.
The Indian government has explored curbing the import of items such as telecom network equipment by raising import duties, the Economic Times reported on September 17. There are two reasons for hiking the import duties on so-called nonessential items. India’s government aims to support the rupee as well as the local companies. The country wants to be completely reliant on local supplies for its telecom network equipment needs by 2022, according to the report.
In the second quarter, AT&T (T) reported combined domestic wireless operations (AT&T Mobility) service revenues of $13.7 billion. This represented an ~5.5% reduction YoY (year-over-year). Excluding its new revenue recognition accounting standard, AT&T Mobility’s service revenues increased ~0.2% YoY to $14.5 billion.
Vodafone Australia and its rival TPG Telecom have agreed to do something similar to a T-Mobile–Sprint merger in Australia. The two operators are seeking to merge in a deal valued at $8 billion. They had reportedly been exploring a merger.
Emergency call operators will soon have an easier time pinpointing the whereabouts of Android phone users. Google has struck a deal with T-Mobile US Inc. to pipe location data from cellphones with Android operating systems in the U.S. to emergency call centers, said Fiona Lee, who works on global partnerships for Android emergency location services. The move is a sign that smartphone operating system providers and carriers are taking steps to improve the quality of location data they send when customers call 911.
AT&T (T) has high leverage compared to most of its competitors. Its net-debt-to-EBITDA ratio is 2.92x, compared to the industry average of 2.36x.
AT&T (T), the second-largest wireless carrier in the United States, has been acquiring media properties to become a leading player in the media and advertising space. During the Goldman Sachs Communacopia Conference held on September 12, Randall Stephenson, AT&T’s CEO, detailed how AT&T is differentiated from its competitors in the media and telecom sectors.
Yesterday, President Donald Trump announced a new round of tariffs on Chinese goods — $200 billion to be exact. In response, China issued a $60 billion levy on U.S. goods. In an increasingly global economy, prospects for a trade war with China tend to foster nervousness among investors.
The FCC (Federal Communications Commission) announced last week that it needed more time to review the possible merger between T-Mobile (TMUS) and Sprint, the third- and fourth-largest carriers in the country. The two companies are looking to merge, as competition in the telecommunications sector has been squeezing their margins.
T-Mobile US (TMUS) has recently partnered with Ericsson (ERIC), a Swedish telecommunications company, to support its nationwide 5G (fifth-generation) network deployment. The multiyear deal is worth $3.5 billion. Ericsson, the largest supplier of mobile network technology, will provide T-Mobile with the latest 5G NR (New Radio) hardware and software that are compliant with 3GPP (3rd Generation Partnership Project) standards. The agreement also involves Ericsson’s digital services solutions.
What's the news: The most advanced iPhones ever are available now for pre-order at T-Mobile and customers can get $300 in monthly bill credits with qualifying trade-in. Why it matters: iPhone XS and iPhone XS Max are 600 MHz-enabled – meaning T-Mobile customers will get more coverage and capacity in 1,254 cities and towns across 36 states, including Puerto Rico! T-Mobile (TMUS) and MetroPCS offers the most advanced iPhones ever, iPhone XS and iPhone XS Max. T-Mobile also offers Apple Watch Series 4, beautifully redesigned with breakthrough communication, fitness and health capabilities.
Verizon (VZ) is scheduled to roll out its 5G (fifth-generation) fixed wireless broadband Internet services in October in five markets. Notably, Verizon was the first carrier to launch a 4G (fourth-generation) LTE (Long-Term Evolution) network nationwide six years ago. Verizon has been consistently focusing on improving its network to add more customers by offering various unlimited plans and adding other perks such as free TV streaming.
Verizon Communications (VZ) is about to become the world’s first company to launch commercial 5G (fifth-generation) broadband Internet service on October 1. The service will provide its customers with one of the fastest speeds, thus giving Verizon a competitive edge over its telecommunications rivals. Verizon is giving a free introductory three-month trial of its 5G Internet and TV service to everyone in the launch areas.
Spotify (SPOT) boasts the largest number of listeners of any streaming music service. Spotify subscribers can now download up to 10,000 songs per device on up to five devices, meaning that customers can build an offline library of up to 50,000 songs to listen to without an Internet connection. Spotify told Rolling Stone that lifting the cap on song downloads was aimed at improving the customer experience, and there couldn’t be a better time for Spotify to try to make its listeners happier.
The number of robocalls are skyrocketing.New data shows that by the end of 2019, 50 percent of calls will be spam. Yahoo Finance's Seana Smith, Dion Rabouin, Jennifer Rogers and Ethan Wolf-Mann discuss.