Seeking Alpha

Sprint Corporation (S)

  • Oct. 13, 2011, 4:02 PM
    MetroPCS (PCS +4.8%) is one more name that caught a bid on Clearwire's (CLWR +26.9%) Q3 preannouncement. Both companies added to their gains after MetroPCS' CFO said his company "might be uniquely positioned" to strike a deal to use Clearwire's massive spectrum holdings in major metro areas.
    | Comment!
  • Oct. 13, 2011, 1:43 PM
    Clearwire (CLWR +30.1%) continues to surge after preannouncing Q3 results, and is taking ambivalent partner Sprint (S +7.4%) along for the ride. Well Fargo remains bullish (previously), noting Clearwire's 1.9M net subscriber adds beat its 1.5M estimate. But Citi is more guarded, on account of Clearwire's funding needs and Sprint's LTE plans.
    | Comment!
  • Oct. 13, 2011, 9:37 AM
    Clearwire (CLWR) jumps 19.1% after reporting preliminary Q3 revenue of $332M (+126% Y/Y), beating consensus by $9.4M. Clearwire, which has been hammered by liquidity concerns and Sprint's (S) embrace of LTE, is also reporting 1.9M net wholesale subscriber additions (+29% Q/Q), bringing its total base to 9.5M.
    | Comment!
  • Oct. 12, 2011, 1:19 PM
    Sprint (S +5.9%) rallies for a second day after BTIG's Walter Piecyk, who skewered the carrier's investor day performance, strikes a more conciliatory tone. Piecyk thinks fears about Sprint's ability to raise additional capital are overdone, and believes its existing cash and credit assets are enough to handle any near-term cash burn. (yesterday)
    | Comment!
  • Oct. 12, 2011, 9:05 AM
    Premarket gainers: LIZ +42%. AONE +15%. FRO +10%. ONXX +8%. TEL +7%. ALU +7%. BCS +6%. ING +5%. ASML +5%. DB +5%. MT +5%. RBS +5%. MPEL +5%. GNW +5%. CS +4%. DRYS +4%. YRCW +3%. SIRI +3%. S +3%. BHP +3%. NOK +3%. FCX +3%. UBS +3%. QGEN +3%. AU +3%. MCP +3%. RIO +3%.
    Losers: CHKM -5%. PCX -5%. PWER -4%. AT -4%. AA -4%. HST -3%. FSLR -3%.
    | Comment!
  • Oct. 11, 2011, 3:50 PM
    Though still well below its price prior to Friday's investor day fiasco, Sprint (S +7.7%) is rebounding, as a positive report from FBR outweighs negative ones from Credit Suisse, Argus, and Morgan Stanley. Peter Rysavy argues Sprint "had no choice" but to push forward with a costly LTE 4G rollout, given how carriers around the world have standardized on LTE.
    | Comment!
  • 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."
    | 1 Comment
  • 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%.
    | Comment!
  • 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.
    | Comment!
  • 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)."
    | Comment!
  • 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
Visit Seeking Alpha's
S vs. ETF Alternatives
Company Description
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.