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Sprint Corporation (S)

  • Nov. 2, 2011, 12:10 AM
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  • Nov. 1, 2011, 12:48 PM
    Sprint (S -2.9%) lands a deal to become the official wireless provider to the city of San Diego for its 3K mobile devices used by staffers. Though the deal will add $2.6M to Sprint's coffers, it may be of more value as a symbolic nod to the carrier's competitiveness given the 9-month comprehensive bidding between rival carriers for the contract.
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  • Oct. 28, 2011, 9:05 AM
    Premarket gainers: CLWR +10%. AMD +10%. GT +10%. CX +8%. BIDU +7%. BRCD +5%. CLF +4%. TEX +4%. LVS +4%. TTM +3%. NMR +3%. AEZS +3%. JASO +3%. MRK +3%.
    Losers: MF -27%. WHR -11%. CSTR -8%. ING -7%. RBS -7%. MT -5%. OAS -4%. FRO -4%. ERTS -4%. BCS -4%.
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  • Oct. 28, 2011, 7:53 AM
    Clearwire (CLWR), which had 53.6% of its float shorted as of Oct. 14, gains 16.8% after Bloomberg reports the carrier is close to signing a 3-5 year extension of its current 4G network-sharing agreement with Sprint (S). Sprint, which is up 1.3%, reportedly won't provide any financing for Clearwire's LTE buildout in tandem with the deal. (previously)
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  • Oct. 27, 2011, 11:30 AM
    Sprint's (S) Dan Hesse says iPhones tend to generate less data traffic than Android (GOOG) devices - likely due to Apple's (AAPL) multitasking controls, which limit the data usage of background apps. Sprint says this difference will help it maintain unlimited data plans, while BTIG thinks it helps justify the iPhone's higher subsidies.
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  • Oct. 27, 2011, 9:36 AM
    Gabelli is downgrading Sprint (S) to Hold following yesterday's Q3 report, voicing concerns about cash burn, 4G buildout costs, and future spectrum needs, and arguing iPhone sales won't positively impact its EBITDA until 2015. Nonetheless, Sprint is up 5.6% in early trading, surging along with other high-beta names.
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  • Oct. 26, 2011, 3:13 PM
    Sprint (S -3.3%) says it will subsidize iPhone prices by $200 more per device than other smartphones. The comment helps explain why Apple (AAPL) commands an outsized share of smartphone profits: Android (GOOG) buyers choose between multiple vendors, which gives carriers some pricing leverage over each one. But there's only one iPhone maker. (earlier)
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  • Oct. 26, 2011, 1:35 PM
    After rising premarket on its Q3 report (I, II), Sprint (S -4.8%) is now selling off, as weak cash flow guidance and concerns about iPhone (AAPL) purchase commitments ding shares. Morgan Keegan's Tavis McCourt estimates Sprint, which currently sells ~15M smartphones/year, is on the hook to buy 25M-30M iPhones over the next 4 years. (transcript)
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  • Oct. 26, 2011, 11:49 AM
    Anadigics (ANAD +15.5%), a maker of mobile phone power amplifiers, rallies strongly after posting Q3 revenue of $37.3M (-39% Y/Y) and EPS of -$0.12, beating consensus by $1.4M and $0.03. Anadigics has been bleeding share, as Sprint (S) and Verizon's (VZ) rollout of 4G networks leads to declining shipments of the company's 3G EV-DO amplifiers.
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  • Oct. 26, 2011, 9:00 AM
    Premarket gainers: LNG +65%. CLWR +23%. ONXX +16%. RTK +11%. BIIB +9%. FSLR +9%. VLO +8%. MF +6%. RFMD +5%. GLW 9+4 RCL +4%. BA +4%. FCX +3%. ARMH +3%. CPST +3%. NOK +3%. DB +3%.
    Losers: HGSI -12%. AMZN -11%. RSH -9%. CHRW -6%. YRCW -5%. MET -4%. BRCM -3%. FTNT -3%.
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  • Oct. 26, 2011, 8:43 AM
    More on Sprint's (S) Q3: The company lowered its 2011 estimate of free cash flow, and said it could be free cash flow negative for the year. The company also increased its revolving credit facility by $150M to $2.24B, a sign it may need more cash to fund its operations. Shares +1.5% premarket, off earlier gains.
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  • Oct. 26, 2011, 8:26 AM
    On its earnings call, Sprint (S) says it has signed a non-binding agreement with Clearwire (CLWR) to "work together on the technical specifications of the Clearwire LTE network and to ensure a superb customer experience for Sprint customers on the Clearwire LTE network." Hesse also apologizes for not providing enough clarity on Oct. 7, and says discussions are ongoing. CLWR +18% premarket.
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  • Oct. 26, 2011, 7:49 AM
    More on Sprint's (S) Q3: Net subscriber adds up from 1.1M in Q2. Wireless service revenue +7% Y/Y. Postpaid ARPU up $1 Q/Q and $3 Y/Y. Free cash flow -$273M, down from Q2's $267M. Postpaid churn of 1.91% up from Q2's 1.75%. Prepaid churn of 4.07% down from Q2's 4.14%. S +4.1% premarket. CLWR +1.2%. (PR)
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  • Oct. 26, 2011, 7:06 AM
    Sprint Nextel (S): Q3 EPS of -$0.10 beats by $0.09. Revenue of $8.33B (+2.2% Y/Y) misses by $0.05B. Adds 1.3M net wireless subscribers. (PR)
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  • Oct. 26, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ADP, AEP, AGN, ARW, ATI, AVY, BA, BEAV, COP, CPX, DPS, EAT, EXC, F, GD, GLW, HBI, HCBK, HES, HSP, JBLU, JNY, LMT, MHS, MWV, MYL, NDAQ, NOC, OC, PLD, PX, RES, S, SAP, SEE, SO, TMO, UMC, WLP, WYN
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  • Oct. 25, 2011, 8:48 AM
    Sprint's (S) antitrust lawsuit against AT&T (T) began yesterday with skepticism from U.S. District Judge Ellen Huvelle over whether it has a legal right to challenge AT&T’s proposed $39B acquisition of T-Mobile USA (DTEGY.PK). "You don't stand in the shoes of the consumer," she told Sprint lawyers, adding that antitrust law exists to protect competition, not competitors.
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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.