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Sprint Corporation (S)

- NYSE
  • Dec. 6, 2011, 9:00 AM
    Premarket gainers: PPHM +30%. FRO +29%. AMR +9%. LNKD +5%. EK +4%.
    Losers: PLX -20%. DRI -8%. CLWR -6%. NS -5%. MTL -5%. EXAS -5%. ALU -5%.
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  • Dec. 5, 2011, 5:09 PM
    Clearwire (CLWR) drops 6.2% AH after announcing plans to issue $300M in Class A shares, to help finance its 4G network build. The carrier adds Sprint (S) is exercising its preemptive rights related to the offering, which it will use by purchasing Class B shares. Clearwire shares took off last week on news of a new funding agreement with Sprint.
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  • Dec. 5, 2011, 9:10 AM
    Premarket gainers: SFSF +51%. AFFY +27%. TLEO +16%. FRO +15%. AGO +13%. LYG +13%. ING +7%. STD +5%. IL +5%. RDN +4%. RIG +4%. IRE +4%. CMVT +4%. MT +4%. CPST +3%. BAC +4%. BCS +4%. JEF +4%. CS +4%. CLF +4%. MS +3%. RTK +3%. RF +3%. AKS +3%. C +3%. SD +3%. X +3%. CRM +3%. S +3%. AMR +3%. VE +3%. JPM +3%. PHG +3%. MGM +3%. SINA +3%.
    Losers: REGN -8%. FSIN -6%.
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  • Dec. 2, 2011, 4:39 PM
    Sprint (S -3.7%) and Clearwire (CLWR +5.4%) head in opposite directions following Verizon (VZ), Comcast (CMCSA), and Time Warner's (TWC) big spectrum/reseller deal (I, II, III). Though nominally bad for both firms, the deal's implications for the value of Clearwire's spectrum is giving it a lift. SR Capital believes Verizon's purchase price translates into an enterprise value of $31/share for Clearwire's spectrum.
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  • Dec. 2, 2011, 1:15 PM
    "A complete reordering of the competitive universe as we know it," writes Bernstein's Craig Moffett of the Verizon (VZ) deal to purchase Spectrum. The joint marketing effort between the cable companies (CMCSA, TWX) and Verizon "amounts to a partnership between formerly mortal enemies ... a strategic masterstroke for Verizon." The best deal in town is about to be a bundle of Comcast's broadband, voice, and video combined with Verizon mobile.
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  • Dec. 2, 2011, 9:26 AM
    Clearwire (CLWR), which owns valuable spectrum assets, is up 7.9% in the wake of Verizon's (VZ) spectrum purchase, adding to yesterday's gains. The Street appears pleased not just with Comcast (CMCSA) and Time Warner's (TWC) windfall, but also with the fact they're retreating (for now, anyway) from the wireless space, where they've struggled to compete. Cox recently gave up on its own mobile efforts.
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  • Dec. 1, 2011, 10:00 AM
    Clearwire (CLWR +32%) resumes trading sharply higher after being halted following news of its funding agreement with Sprint (S -1.8%).
    | 1 Comment
  • Dec. 1, 2011, 9:27 AM
    Sprint (S -3%) has offered Clearwire (CLWR +3.4%) up to $1.6B in conditional revenues and funding, confirming the report that was floated just before the close of trade yesterday. This clears the way for Clearwire to make a $237M interest payment today. (PR)
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  • Dec. 1, 2011, 9:00 AM
    Premarket gainers: LAVA +25%. TSPT +17%. AMR +12%. AGO +11%. YHOO +4%. LCC +5%. GMCR +3%. CLWR +3%. ALU +3%. SPIL +3%. OPK +3%.
    Losers: STNG -19%. LULU -13%. KSS -7%. IRE -5%. JASO -5%. BCS -3%.
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  • Nov. 30, 2011, 4:02 PM
    Clearwire (CLWR +12.7%) took off in the final hour of trading, thanks to a Reuters report stating the struggling carrier will reach a funding agreement with Sprint (S +7.6%) by year's end, thereby allowing it to support Sprint's 4G LTE network plans. Clearwire is due to make a $237M debt payment tomorrow, and the company has reportedly been thinking of skipping it. (previously)
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  • Nov. 29, 2011, 8:31 AM
    Even if AT&T's (T) efforts to acquire T-Mobile fall through, it could still be in good shape, argues Kevin Fitchard. AT&T will still have a decent amount of spectrum, and its support for GSM standards will guarantee a solid device lineup. Meanwhile, deal opponent Sprint (S) will continue facing tough low-end competition from T-Mobile, and PCS and LEAP will have missed out on a chance to expand through AT&T's asset sales.
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  • Nov. 28, 2011, 9:00 AM
    Premarket gainers: IRE +15%. ING +12%. AEG +11%. PEIX +11%. POZN +11%. DB +10%. MT +9%. BCS +9%. GNW +9%. MPEL +9%. YOKU +9%. ANR +8%. LYG +8%. RBS +8%. NOK +8%. UBS +7%. FRO +7%. AKS +7%. MTL +7%. STD +7%. FCX +7%. DRYS +6%. ERIC +6%. MS +6%. LNG +6%. RIO +6%. AMRN +6%. BHP +6%. PHG +6%. S +6%. HAL +6%. ALU +6%. X +6%.
    Losers: no losers of note, except leveraged short ETFs: TVIX -13%. EDZ -12%. ERY -10%. SRTY -10%. TZA -10%. FAZ -10%. SPXU -8%. BGZ -8%. SQQQ -7%. ZSL -7%. VXX -7%. SCO -6%. SKF -6%. SDS -5%. QID -5%. DXD -4%. RWM -3%. SH -3%.
    | 1 Comment
  • Nov. 25, 2011, 1:01 PM
    Shares of high beta/high debt mobile wireless stocks are taking a hit today: Sprint Nextel Corporation (S -4%), Leap Wireless (LEAP -3.2%) and Clearwire (CLWR -0.3%).
    | 2 Comments
  • Nov. 23, 2011, 10:41 AM
    HTC (HTCCF.PK), which has seen extraordinary growth on the back of Android's (GOOG) success, is slashing its Q4 sales outlook by a full 17-23%, citing macro issues and strong competition. Likely culprits on the competition front include Samsung's Galaxy S II line and Apple's (AAPL) iPhone 4S - the latter's debut on big HTC customer Sprint's (S) network could especially be an issue.
    | 1 Comment
  • Nov. 21, 2011, 11:30 AM
    Clearwire (CLWR +8.8%) pops on reports that it's in discussions with restructuring advisers, as the money-losing wireless carrier wrestles with a large debt payment coming due December 1st.
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  • Nov. 21, 2011, 9:00 AM
    Premarket gainers: GEDU +96%. VRUS +86%. INHX +30%. CLDX +8%. CTIC +6%. CLWR +6%. DNDN +6%. CBE +5%.
    Losers: GERN -7%. KYG -6%. GILD -6%. RIO -5%. FRO -5%. RDN -4%. LNKD -4%. MT -4%. AIXG -3%. INVN -3%. GMCR -3%. CIM -3%. RIMM -3%. ANR -3%. BCS -3%. JEF -3%. AKS -3%. MPEL -3%. MU -3%. RMBS -3%. BHP -3%. DB -3%. TM -3%. NOK -3%. IHG -3%. BIDU -3%. PCX -3%. VALE -3%.
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Company Description
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.