47.96 0.00 (0.00%)
After hours: 4:51PM EST
|Bid||47.92 x 200|
|Ask||47.93 x 500|
|Day's Range||47.94 - 48.86|
|52 Week Range||42.80 - 54.77|
|PE Ratio (TTM)||6.52|
|Forward Dividend & Yield||2.36 (4.71%)|
|1y Target Est||N/A|
The U.S. Federal Communications Commission is expected to publish on Thursday its December order overturning the landmark Obama-era net neutrality rules, two sources briefed on the matter said Tuesday. The formal publication in the Federal Register, a government website, means state attorneys general and advocacy groups will be able to sue in a bid to block the order from taking effect. The Republican-led FCC in December voted 3-2 to overturn rules barring service providers from blocking, slowing access to or charging more for certain content.
During its fiscal 3Q17 conference call, Sprint’s (S) management stated that the new US tax reform measures had a positive impact of $7.1 billion on its reported net income. According to the recent tax reforms announced by US Congress, the corporate tax structure has been revised, lowering the maximum rate from 35% to, in some cases, as low as 15.5% on cash and 8% on less liquid assets. This cut in taxes is expected to benefit most domestic companies and firms that have parked their funds abroad due to the previous tax rates in the US. It’s hoped that these new tax reform measures will result in a significant repatriation of overseas funds into the domestic country.
In January, Ericsson (ERIC) announced that it was bringing a new network product to market, the 5G1 Radio Dot. Ericsson’s 5G Radio Dot is a small-cell network solution aimed at the indoor connectivity market.
Telecom companies, including AT&T (T) and Verizon (VZ) in the United States, Telenor in Europe, and Optus in Australia, are upgrading their network infrastructure in preparation for the rollout of 5G (fifth-generation) technology. Nokia (NOK) recently won a contract to overhaul Telenor’s cable network infrastructure, which connects major centers across Norway and Sweden.
Sprint (S) is currently doing the groundwork for 5G technology and has not provided a specific launch date for its 5G services. In the fiscal 3Q17 conference call, Sprint’s management shared that it has plans to add 2.5 GHz, 1.9 GHz, and 800 MHz antennas to virtually all of its existing cell sites to expand its coverage footprint. The mobile carrier is also adding more small cells, including Sprint Magic Boxes, mini-macros, and strand mounts to increase its presence in every core market and thus boost capacity and data speeds.
In fiscal 3Q17 (ended December 2017), Sprint (S) added its highest net additions of 256,000 postpaid customers and added 63,000 prepaid connections. The telecom company also posted its highest adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for the past 11 years in fiscal 3Q17. Sprint has been gaining momentum with its turnaround efforts to tap a significant share in an immensely competitive US wireless environment, which is dominated by Verizon Communications (VZ) and AT&T (T).
As Sprint (S) is the fourth-largest mobile carrier company in the US, it is making significant efforts to tap more market share in the wireless space. Sprint’s cost-saving measures remain impressive and have significantly contributed to its turnaround in customer additions for the past three quarters. During fiscal 3Q17, Sprint realized nearly $260 million in net cost reductions, including lower costs of services and SG&A (selling, general, and administrative) expenses.
Verizon Communications Inc (NYSE:VZ) delivered an ROE of 68.36% over the past 12 months, which is an impressive feat relative to its industry average of 10.22% during the same period.Read More...