|Bid||7.13 x 800|
|Ask||7.14 x 1100|
|Day's Range||6.84 - 7.27|
|52 Week Range||5.09 - 7.90|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.24|
Business Journal Managing Editor Rob Johnson takes readers through a recap of Seattle business news. We call it Business Journal Untucked.
NEW YORK, NY / ACCESSWIRE / May 25, 2019 / Pomerantz LLP is investigating claims on behalf of investors of Sprint Corporation ("Sprint" or the "Company") (NYSE: S). Such investors are ...
BOSTON, May 24, 2019 /PRNewswire/ -- Thornton Law Firm LLP announces that a lawsuit has been filed against Sprint Corporation on behalf of Sprint shareholders who purchased or acquired Sprint stock (NYSE ticker: S) between January 31, 2019 and April 17, 2019. If you purchased at least 1,000 shares of Sprint between January 31, 2019 and April 17, 2019, you may be eligible to recover for damages to your investments in Sprint. The lawsuit is currently in the lead plaintiff stage: interested Sprint shareholders are now eligible to seek appointment as lead plaintiff until June 21, 2019.
LOS ANGELES, CA / ACCESSWIRE / May 24, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sprint Corporation (''Sprint'' ...
NEW YORK, NY / ACCESSWIRE / May 24, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment.
OVERLAND PARK, Kan., May 24, 2019 /PRNewswire/ -- Sprint (NYSE:S) with HARMAN Connected Services is honored to receive the 2019 Judges Choice Award for Sprint TREBLTM from the Small Cell Forum (SCF). Sprint and HARMAN were selected for their collaboration on Sprint TREBL with Magic Box, taking the small cell concept beyond connectivity, and moving it into a device that can support a far wider smart home proposition with the potential to reignite the consumer small cell market. "Sprint TREBL with Magic Box is the only product of its kind and we're proud to receive this recognition for our latest innovation," said Robert Kingsley, head of small cell development at Sprint.
NEW YORK, May 24, 2019 -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following.
NEW YORK, NY / ACCESSWIRE / May 24, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have ...
NEW YORK, NY / ACCESSWIRE / May 24, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...
NEW YORK, NY / ACCESSWIRE / May 23, 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 ...
LOS ANGELES, CA / ACCESSWIRE / May 23, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sprint Corporation (''Sprint'' ...
Until all of the negative trade news is fully baked into the stock market, investors need to remain cautious, Jim Cramer warned his Mad Money viewers Thursday. Other markets, like oil and U.S. Treasuries are already assuming the worst, Cramer said, but so far stocks have not followed suit. Neither side is feeling overly compelled to compromise, Cramer said, and for the first time, our government is willing to take action against bad actors like Huawei.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have ...
Bernstein Liebhard LLP announced today that approximately one month remains to file a motion for lead plaintiff in a class action pending in the United States District Court for the Southern District of New York on behalf of all persons or entities (the “Class”) who purchased the common stock of Sprint Corporation (“Sprint” or the “Company”) (NYSE:S) during the period between January 31, 2019 and April 16, 2019 (the “Class Period”). The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. If you wish to serve as lead plaintiff in the Sprint class action, you must move the court no later than June 21, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Pennsylvania's Public Utility Commission on Thursday approved T-Mobile US Inc's $26 billion purchase of rival Sprint Corp, bringing the megamerger one step closer to completion. The commission voted 3-2 to approve the deal, it said in a statement. The companies are still awaiting approval from the Justice Department's Antitrust Division and two other state commissions, for California and Hawaii.
C Spire dropped out of a coalition of groups and companies opposed to the proposed merger of Sprint Corp. and T-Mobile US Inc.
My InvestorPlace colleague Luke Lango recently laid out a compelling argument why AT&T (NYSE:T) is too cheap to ignore. Never a fan of AT&T, I've given his case the fair consideration it deserves. Lango's good at what he does and if he thinks AT&T stock is ready to pop, I ought to at least consider his argument.Source: Shutterstock In a nutshell, Lango views the pending green light of the merger between T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) as excellent news for AT&T because it removes a major price cutter from the wireless equation; a headwind that's weighed on T stock for some time. He goes on to say that AT&T's mobility business generates 40% of the company's revenue and 50% of its EBITDA. With one less competitor to deal with, it's likely that its EBITDA margins will move higher in the future due to less discounting in the mobility marketplace.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Higher margins and revenue combined with dirt cheap financial metrics, and you've got the makings of a good value stock. For example, Lango points out it's got a 6.3% dividend yield, three times the average dividend yield for the market itself. In other words, you're getting paid handsomely to wait for T stock's revival. Also, its forward P/E and P/CF are both well below the market averages and its historical five-year average, making it hard to deny there's unlocked value in AT&T stock. What About Debt?Value isn't just about higher margins, less competitive headwinds, etc. It's also about the strength of the balance sheet. If I'm looking at two companies and one has a forward P/E and P/CF of 20 and 8, respectively, and the other has a forward P/E and P/CF of 15 and 6; based on a value supposition, I'm going to go for the latter stock every day of the week.However, if the latter stock's net debt was $168.9 billion in the most recent quarter or 71% of its market cap, and the former stock's net debt was $111.3 billion or 45% of its market cap, the extra leverage of the latter's stock makes the former a better value on a relative basis due to its superior balance sheet. The latter stock in this example is AT&T and the former is Verizon Communications (NYSE:VZ). The forward P/E and P/CF aren't those of the two wireless carriers. They were merely meant to illustrate why valuation metrics based on price don't always tell the entire story.The real metrics, according to Morningstar, are as follows:AT&T Forward P/E = 9.0Verizon Forward P/E = 12.5AT&T P/CF = 5.0Verizon P/CF = 7.1 The question for investors interested in AT&T stock is whether the 28% discount on the forward P/E and 30% discount on P/CF is worth it given AT&T uses significantly more leverage to generate its earnings and cash flow. Furthermore, Verizon currently yields 4.1%, which isn't bad for a company that utilizes far less leverage to pay for these dividends. Getting back to Lango's argument about the merger removing the discounting headwind from AT&T's sails, the same effect would apply to Verizon. AT&T might generate more free cash flow than Verizon, but it does it at the expense of the balance sheet. Furthermore, AT&T's cash flow as a percentage of revenue is virtually the same as Verizon's, which means it's not doing a better job generating cash flow than its biggest competitor. Is AT&T Stock Too Cheap to Ignore?If you're looking for less risk, Verizon is the better stock to buy.Sure, AT&T might have paid down $538 million in net debt (repayment less issuance) in the first quarter, but that's a drop in the bucket for a company with $169 billion in net debt. If you're an AT&T investor, you better hope that interest rates don't move higher, because if they do, it's in a whole heap of trouble. Value sometimes comes at a price. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy appeared first on InvestorPlace.
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).
The bears pushed back, again, lengthening what has become some very indecisive action for stocks. The S&P 500's modest 0.28% slide wasn't terrifying, but it did represent another failed effort to crawl back above its key 50-day moving average line.Source: Allan Ajifo via Wikimedia (Modified)Qualcomm (NASDAQ:QCOM) led the way, tumbling almost 11% in response to reports that it has been found in violation of U.S. antitrust laws. Sprint (NYSE:S) wasn't far behind though, with its 7.6% setback after the Department of Justice recommended its impending merger with T-Mobile (NASDAQ:TMUS) be blocked.While not nearly as many, there were a handful of winners on Wednesday. Chief among them was Target (NYSE:TGT). Shares of the retailer rallied almost 8% yesterday on the heels of an encouraging Q1 print.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Names That Are Screaming Stocks to Buy None of those names are especially compelling trading prospects headed into today's session, however. Rather, it's the stock charts of Cadence Design Systems (NASDAQ:CDNS), Nordstrom (NYSE:JWN) and Under Armour (NYSE:UAA) that are worth the closer looks. Under Armour (UAA)Athletic apparel company Under Armour is a well-known brand, but years of expensive decisions caught up with the company in 2016. Nervous investors finally expressed their concern with a steep selloff.Under Armour finally started to work on its issues in 2017, and investors responded accordingly. That is, UAA stock began to rise again. A technical ceiling has taken shape in the meantime though, and while it's a clear problem, it's also a clear potential catalyst if it can be hurdled. And, the stock is catching a pretty healthy tailwind. Click to Enlarge * The technical ceiling in question is around $24.60, near where UAA has topped out several times since the middle of last year. That line is plotted in blue on both stock charts. * Although it hasn't been able to break above $24.60 yet, UAA has left behind a trail of higher lows. The most recent low was made by a push up and off the white 200-day moving average line, highlighted on the daily chart. * The tide is bullish, but there's a gap from last week that needs to be filled, and for Under Armour shares, volatility is the norm. Any breakout may not take shape straightaway. Cadence Design Systems (CDNS)Monday's tumble from Cadence Design Systems shares could have been chalked up as an effort to close the bullish gap left behind in April. Generally speaking, the market doesn't like to leave gaps unfilled. That selloff was a good start to that effort, even if it didn't actually touch that all-important April 22 low of $64.27.The gap still hasn't been filled either, as CDNS bounced a bit on Tuesday, and Wednesday's lull wasn't terribly devastating. The tendency to fill in gaps, however, may have done some other technical damage to Cadence Design Systems that will lead to more downside anyway. * The 7 Best Penny Stocks to Buy Click to Enlarge * The chief damage done is the move below the 50-day moving average line, plotted in purple on both stock charts. That line appears to be something of a technical ceiling now. * Underscoring the way the tide has turned is the volume surges behind Monday's and Wednesday's selloffs. * Zooming out to the weekly chart it's easy to see just how overbought CDNS was as of last month, and how vulnerable it was and still is to profit-taking. Shares rallied 70% from their December low to their early May high. Nordstrom (JWN)At first glance, Wednesday's big stumble from Nordstrom would be alarming. It has been one of the bigger victims of the so-called retail apocalypse, and shares have been underperforming for years. A disappointing Q1 only underscores that worry.Yet, a closer look at yesterday's 9.2% setback -- and the lead into it -- suggests that sharp loss may actually be something of a capitulation that ultimately turns into a buying opportunity. Click to Enlarge * Wednesday's bar was a doji, where the open and close are in the middle of the bar. This indicates that an equilibrium between the buyers and the sellers was met. The volume spike yesterday is also something often seen at key pivot points. * On the weekly chart, we can see JWN hit a new multi-year low, falling under 2016's low of just under $35. In many cases, traders are waiting to see prior lows met or exceeded before stepping back in. * Also on the weekly chart, it's clear that the RSI line doesn't stay in an oversold state for very long.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour appeared first on InvestorPlace.
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 ...
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.
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 ...
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 ...