Seeking Alpha

Sprint Corporation (S)

  • Oct. 18, 2011, 6:08 PM
    Several iPhone component suppliers are taking a hit following Apple's (AAPL) FQ4 report, in which iPhone shipments came in below Street forecasts. BRCM -1.7%. QCOM -1.9%. TQNT -4.1%. CRUS -4.2%. GLW -1.2%. OVTI -1.2%. Some other wireless industry players are also selling off: SNDK -1.2%. GOOG -0.8%. S -2.1%. (more)
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  • Oct. 17, 2011, 2:54 PM
    While Green Mountain Coffee (GMCR -10.7%) tumbles thanks to David Einhorn's words, Sprint (S +0.2%) is outperforming because of them. The carrier is extending last week's rally after Einhorn, whose firm owns 56M shares, says he's still bullish, and thinks Sprint can raise capital without diluting shareholders.
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  • Oct. 17, 2011, 9:00 AM
    Premarket gainers: ANDS +253%. EP +28%. BEXP +20%. YRCW +14%. EK +12%. KOG +7%. KMI +5%. WMB +5%. APC +4%. BP +3%. S +3%.
    Losers: NBG -7%. EPB -5%. WFC -5%. ALU -4%. DB -3%.
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  • Oct. 14, 2011, 4:45 PM
    Sprint (S) issues a statement saying it's recorded "its best ever day of sales in retail, Web and telesales for a device family in Sprint history with the launch of iPhone 4S and iPhone 4." Shares +1% AH.
  • Oct. 14, 2011, 12:47 PM
    Moody's downgrades Sprint (S) to B1 from Ba3 in light of the company's plan to seek financing for the build-out of its 4G network and the introduction of the iPhone. The moves "will strain liquidity and push leverage to approximately 5X before the benefits of the investment begin to accrue."
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  • Oct. 14, 2011, 9:57 AM
    Sprint's (S +4.6%) shares enjoy a boost from Credit Suisse's bullish call, as investors overreacted to the impact of the iPhone and Network Vision on Sprint’s cash flow, leading to heightened liquidity concerns. But the company has access to the capital it needs, CS says, and the "cash drag and funding gap is less than many feared." (earlier)
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  • Oct. 14, 2011, 9:15 AM
    Premarket gainers: CLWR +10%. GOOG +8%. S +8%. OPK +7%. GLUU +7%. HOV +6%. SWKS +6%. ADBE +5%. BIDU +5%. ERIC +5%. GMCR +5%. ALU +5%. COOL +4%. AMR +4%. RFMD +4%. RENN +4%. SOL +4%. TQNT +4%. HAL +4%. WLT +4%. MT +4%. FCX +4%. SINA +3%. AONE +3%. SIRI +3%. UN +3%. ING +3%. NFLX +3%. MU +3%. F +3%.
    Losers: DEPO -24%. NCMI -23%. AVII -4%. MAT -3%.
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  • Oct. 14, 2011, 8:42 AM
    Shares of Sprint (S) surge 5.4% higher premarket on reports of euphoria and packed lines on the first day of official iPhone sales. Many Sprint retail stores closed early yesterday to give employees time to prepare for this weekend's expected onslaught.
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  • Oct. 13, 2011, 6:08 PM
    Apple's (AAPL) newest iPhone reportedly sold out for preorder on the AT&T (T), Verizon (VZ) and Sprint (S) websites, a day before the device officially goes on sale. "It looks like another blockbuster launch for Apple, only this time with three carriers."
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  • Oct. 13, 2011, 4:54 PM
    Much like deal opponent Sprint (S), the FCC appears skeptical of AT&T's (T) claim its planned merger with T-Mobile will create jobs. The agency, whose Chairman claims to have "serious concerns" about the merger, has sent Ma Bell a letter (.pdf) asking for further details on the merger's job effect, calling AT&T's responses thus far "incomplete."
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  • 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.
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  • 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.
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  • 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.
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  • 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)
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  • 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%.
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  • 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.
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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.