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Sprint Corporation (S)

  • Oct. 11, 2011, 10:05 AM
    After so much bad news - awful analyst meeting, analyst downgrades, credit rating warning - is Sprint (S +2.7%) now a buy? FBR Capital adds the stock to its Top Picks, citing “an intact margin expansion thesis, debt capacity to fund the network upgrade, and sufficient spectrum capacity to 2014." But Credit Suisse removes the stock from its Focus List, "given heightened liquidity concerns."
  • Oct. 10, 2011, 2:20 PM
    File under left hand doesn't know what the right hand is doing: Despite credit analysts at S&P placing Sprint (S -12.5%) on CreditWatch with dire negative implications earlier, the equity staff at the same firm takes a rosier view of Sprint - reiterating a Buy rating on shares. "We continue to view the addition of the iPhone as a significant positive to churn and subscriber growth," gushes analysts.
  • Oct. 10, 2011, 11:31 AM
    S&P places Sprint's (S -8.3%) BB- rating "on CreditWatch with negative implications," in the wake of Friday's investor conference where the company disclosed "significant capital spending requirements to support (its) network upgrade project."
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  • Oct. 10, 2011, 9:00 AM
    Premarket gainers: CPX +50%. NFLX +10%. TSL +6%. CLWR +5%. E +5%. NOK +4%. LVLT +4%. MT +4%. TOT +4%. RIO +4%. ARMH +4%. MU +4%. SNY +4%. MPEL +4%. RDS +4%. YRCW +3%. BAC +3%. IRE +3%. UBS +3%. DB +3%. MS +2%. SD +3%. YHOO +3%. AA +3%. FCX +3%. C +3%. MGM +3%. NVS +3%. AKS +3%. JPM +3%. AMD +3%.
    Losers: SPN -7%. NBG -5%. S -5%.
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  • Oct. 10, 2011, 8:58 AM
    Sprint (S) -4.6% premarket after at least five firms downgrade the stock following Friday's brutal investor meeting. Analysts at Deutsche Bank (earlier), JPMorgan, Raymond James, Collins Stewart and Kaufman Bros. all point to management that continues to keep everyone guessing on earnings and cash needs.
    | 1 Comment
  • Oct. 10, 2011, 7:40 AM
    Deutsche downgrades Sprint (S) to Hold from Buy, saying Friday's analyst meeting failed to impress. Analysts with the firm point to an unclear direction for Sprint's 4G spectrum strategy, as well as open questions on funding for its Network Vision and the long-term financial impact of iPhone sales. Shares -4.4% premarket.
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  • Oct. 9, 2011, 6:32 AM
    At&T (T) sold over 200,000 iPhone 4S (AAPL) devices within 12 hours of the handset becoming available for pre-order on Friday. This was despite the product receiving a lukewarm reacton from analysts, although sales might have been boosted by the effect of Steve Jobs' death on comsumers' emotions.
  • Oct. 7, 2011, 3:56 PM
    BTIG's Walter Piecyk provides a brutal recap of Sprint's (S -19.6%) investor day, the news from which (I, I, III) has crushed Sprint shares. Among other things, Piecyk claims CFO Joe Euteneuer was "laughed at" for his failure to provide details about Sprint's costly 4G plans. Tero Kuittinen thinks Sprint's moves are "just awesome for Verizon (VZ)."
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  • Oct. 7, 2011, 1:45 PM
    Sprint (S -10%) continues heading lower after its CFO says the carrier's 4G LTE rollout will cost $10B over the next two years - far more than the $4B-$5B speculated by some analysts. Meanwhile, jilted partner Clearwire (CLWR -31.4%) is claiming Sprint is still dependent on it to deploy LTE, given its lack of spectrum. (previously)
  • Oct. 7, 2011, 12:06 PM
    Sprint (S -7.6%) has given back its early gains and then some, after the company says it needs more money to finance its 4G buildout.
    | 1 Comment
  • Oct. 7, 2011, 10:43 AM
    Clearwire (CLWR -19.5%) shares tumble after Sprint (S +8.3%) says it will stop selling phones and other devices compatible with CLWR's network at the end of next year. Sprint's president of network operations says the company is already building its own 4G data network and will inaugurate it next summer.
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  • Oct. 6, 2011, 1:17 PM
    Stifel's Tom Roderick claims the role of Synchronoss' (SNCR) software in handling iPhone (AAPL) activations for U.S. carriers is "quietly expanding," making the company well-positioned to benefit from iPhone 4S demand. Synchronoss' products fully handle the iPhone activation process for T, and partly handle it for VZ and S.
    | 1 Comment
  • Oct. 6, 2011, 9:19 AM
    Sprint (S) gains 2.1% premarket after the company makes its official iPhone (AAPL) announcement. As expected, Sprint will offer the iPhone 4 and 4S at subsidized prices matching those of VZ and T, but unlike those carriers, will sell unlimited data plans for the phones.
    | 1 Comment
  • Oct. 5, 2011, 2:09 PM
    The iPhone (AAPL) may prove costly for Sprint (S), but its customer base will be happy to see it. A survey from research firm Compete found 12.5% of Sprint (S) feature phone users are waiting for a "specific smartphone," with the iPhone being the device in question for the vast majority. Compete thinks this demand could translate into 2M iPhone purchases.
  • Oct. 5, 2011, 11:18 AM
    Some analysts continue to have doubts about just how profitable the iPhone (AAPL) will be for Sprint (S), given subsidy costs and a report of massive purchase commitments. Barclays thinks iPhone subsidies could slash Sprint's operating margin by more than 40%, while UBS believes a decline of 30-40% is possible. (previously)
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  • Oct. 4, 2011, 5:20 PM
    AMR and Eastman Kodak (EK) may dominate the news, but GMI points out at least 11 more big U.S.-listed names that could go bankrupt: CLWR, SPF, DYN, CYH, BKS, QUAD, DIN, CLGX, SHAW, SPWRA, VQ.
    | 1 Comment
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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.