Will Time Warner’s Content Save Snap?
Snap (SNAP) stock rose 3% after Time Warner (TWX) announced that it would be investing $100 million in Snapchat content.
Apple extended its protracted legal fight against Qualcomm on Tuesday, June 20, arguing that Qualcomm’s business model violates patent law.
Computing chip developer Advanced Micro Devices began selling its new generation of high-performance processors for data centers on June 20.
Apple has recruited two Hollywood television executives from Sony—Jamie Erlicht and Zack Van Amburg—to compete in the original content business.
Square (SQ) is trading at a price-to-book value of 14.2x.
Several analysts have weighed in on Square (SQ) stock since the company reported 1Q17 earnings and held its first investor day as a public company.
On May 30, Jack Dorsey, the CEO of Square, sold 309,000 shares in the company at an average price of $22.7 per share.
At its investor meeting last month, Square (SQ) portrayed itself as a company in the early stages of a long-term growth cycle.
Beyond processing transactions for merchants, Square (SQ) also supplies business loans to its merchant customers through a service called Square Capital.
Square (SQ) is one of the peer-to-peer (or P2P) payment service providers set to face stiffer competition as Apple (AAPL) enters the market.
On June 14, 2017, Sprint stock was trading at $8.14. Its stock was trading 2.3% below its 20-day moving average of $8.33, and 2.6% below its 50-day moving average of $8.36.
In a June 14, 2017, survey of 29 brokerage companies, 10% of the analysts gave Sprint a “buy” rating, while 62% of the analysts rated it as a “hold.” The remaining 28% of recommendations on the stock were for a “sell” rating.
Based on the 1H17 RootScore report for Colorado Springs, Sprint won or shared the top position in all six network performance categories—overall performance, network reliability, network speed, data, call performance, and text performance.
On June 14, 2017, Sprint’s (S) market capitalization was ~$32.5 billion. On that date, Sprint traded at a forward EV-to-EBITDA multiple of ~5.7x.
AT&T’s rate of dropped calls improved from 1.6% to 0.2% in the first half of 2017 compared to the second half of 2016. T-Mobile’s rate of dropped calls improved from 3.5% to 0.3%.
Based on the 1H17 RootScore report for Cincinnati, Sprint (S) shared the top spot along with Verizon (VZ) and AT&T (T) in overall network performance category.
According to RootMetrics’ 2H16 RootScore report, Sprint was ranked in third place in the overall network performance category.
Sprint expects its capex to double in fiscal 2017 to ~$4 billion, up from $2 billion in fiscal 2016. The company expects its capex to remain at ~$4 billion per year for the next three years.
During the last few quarters, the take rate of Sprint’s leasing plans surpassed its installment plans.
During the last few quarters, Sprint (S) has been unable to report a positive net income, making it the only major US telecom giant to post losses.