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VZ
U S senator seeks SEC probe of Yahoo disclosure on hacking
By Dustin Volz and Jim Finkle WASHINGTON Reuters Democratic Senator Mark Warner on Monday asked the U S Securities and Exchange Commission to investigate whether Yahoo O YHOO and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accou...
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Senators accuse Yahoo of unacceptable delay in hack discovery
By Dustin Volz and Lisa Lambert WASHINGTON Reuters Six senators on Tuesday demanded that Yahoo Inc O YHOO explain why hackers theft of user information for 500 million accounts two years ago came to light only last week and called the company s handling of the breach unacceptable The lawmakers all Democrat...
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Cyber firm challenges Yahoo claim hack was state sponsored
By Dustin Volz WASHINGTON Reuters A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo NASDAQ YHOO was the work of an Eastern European criminal gang adding another layer of intrigue to a murky investigation into the unprecedented data heist Arizona based Inf...
CSCO
Cisco Systems CSCO Reports Next Week Wall Street Expects Earnings Growth
Cisco Systems NASDAQ CSCO is expected to deliver a year over year increase in earnings on higher revenues when it reports results for the quarter ended October 2019 This widely known consensus outlook gives a good sense of the company s earnings picture but how the actual results compare to these estimates is a pow...
CSCO
Computer Networking Industry Near Term Prospects Bleak
The Zacks industry comprises companies that provide networking and Internet connected products such as wireless WiFi and LTE Ethernet and powerline with focus on reliability and ease of use Some of the industry participants also provide business and mission critical IoT solutions and services to help customers cre...
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AT T T Q1 Earnings In Line With Estimates Revenues Miss
U S telecom major AT T Inc NYSE T reported mixed financial results in the first quarter of 2017 While the top line lagged the Zacks Consensus Estimate the bottom line came in line with the same In the reported quarter the company recorded 2 7 million net additions of wireless subscribers Of the total 2 1 mil...
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Comcast CMCSA Q1 Earnings And Revenues Surpass Estimates
Comcast Corp NYSE S reported strong financial results in the first quarter of 2017 wherein both the top line and the bottom line outpaced the Zacks Consensus Estimate Importantly the company witnessed impressive subscriber gains in the video segment along with continued strong performance in the high speed Inter...
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Sprint S Incurs Wider than Expected Q4 Loss Revenues Top
Sprint Corp NYSE S reported mixed financial results for the fourth quarter of fiscal 2016 Net loss was wider than the Zacks Consensus Estimate while total revenue was well above the mark Quarterly net loss was 283 million or 7 cents per share compared with a net loss of 554 million or 14 cent per share in the y...
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AT T signs deal to offer roaming services in Cuba
Reuters AT T Inc N T the No 2 U S wireless carrier said it had signed a deal with Cuba s state owned telecoms provider to offer direct roaming services to its customers visiting Cuba AT T said on Monday it would announce the pricing and the launch date for the service at a later date Reuters reported in Mar...
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Verizon CFO Shammo to retire at the end of 2016
NEW YORK Reuters Verizon Communications Inc N VZ said on Thursday that its chief financial officer Francis Shammo plans to retire at the end of the year and will step down from his role effective Nov 1 Verizon said its board of directors appointed Matthew D Ellis who is currently senior vice president a...
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U S lawmakers to press AOL for Powell s State Department emails
By Jonathan Allen NEW YORK Reuters U S lawmakers said Thursday they will seek to recover the missing emails of Colin Powell from his time as U S secretary of state by going directly to AOL Inc whose email service he used for his work The decision came a few minutes after U S State Department officials testifie...
CSCO
Stocks U S Futures Rise as Investors Shrug Off Inflation Data
Investing com Wall Street was set to rise on Thursday as investors shrugged off inflation concerns The S P 500 futures rose 12 and a half points or 0 46 to 2 709 50 as of 6 40 AM ET 11 40 GMT while Dow futures increased 227 points or 0 91 to 25 090 0 Meanwhile tech heavy Nasdaq 100 futures was up 37 points or 0...
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FTE Networks bags contract worth 27 5M
FTE Networks FTNW 4 1 has been awarded two new projects totaling 27 5M by two multi national fortune 500 companies The services include the creation of intelligent workplaces by providing state of the art technology infrastructure and fit out services The projects are expected to begin in Manhattan in the Q1 an...
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FCC To Scrap Stringent Business Data Service Regulations
Yesterday the U S telecom regulator Federal Communications Commission FCC voted 2 1 to withdraw most of the stringent regulatory requirements to reform the business data service BDS market The BDS reform report was introduced by the previous FCC body that was led by Tom Wheeler under the Democratic rule How...
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ETFs In Focus After Verizon s Downbeat Q1 Results
Shares of Verizon Communications NYSE VZ dropped 1 08 at market close on Thursday April 21 2017 The company reported a 7 8 sequential decrease in revenues It reported revenues of 29 814 billion in the first quarter of 2017 compared with 32 340 billion in the fourth quarter of 2016 and 32 171 billion a year...
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France And U S Dividend 2 ETFs Trading With Outsized Volume
In the past trading session the performance of U S stocks was not satisfactory Among the top ETFs investors saw AX SPY lose 0 32 V DIA lose 0 13 and lose 0 02 on the day Two more specialized ETFs are worth noting in particular though as both saw trading volume that was far outside of normal In fact ...
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Verizon to buy vehicle management company Fleetmatics for 2 4 billion
By Malathi Nayak Reuters Verizon Communications Inc NYSE VZ said on Monday it would buy GPS vehicle tracking firm Fleetmatics Group Plc for about 2 4 billion in cash to bolster its expansion into the connected vehicle and fleet management market Verizon the No 1 U S wireless company will pay 60 per share ...
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Oil traders prepare to bid fond farewell to Yahoo Messenger
By Henning Gloystein SINGAPORE Reuters As commodity markets continued dealing on Friday traders were lamenting the imminent demise of the version of Yahoo NASDAQ YHOO Messenger that has been their main communication tool since the late 1990s The software was still operating and in use during London trading hour...
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Verizon eyes automotive technology market could spur other deals
By Malathi Nayak NEW YORK Reuters Verizon Communications NYSE VZ Inc s recent purchases of two vehicle tracking firms could spark more deals as the No 1 wireless provider and rival AT T NYSE T see fleet management as a source of growth analysts said Faced with a saturated wireless market several telecom c...
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Arianna Huffington to leave Huffington Post to focus on start up
By Malathi Nayak Reuters Huffington Post co founder Arianna Huffington said on Thursday she would step down as editor in chief of the news site that bears her name to focus on running her new venture health and wellness startup Thrive Global Huffington said on Twitter that she thought the Huffington Post which m...
CSCO
Cisco 3 as Nomura sees 16 upside
Cisco Systems NASDAQ CSCO is a top gainer this morning up 3 as Nomura upgrades shares to Buy The firm raised its price target to 46 from 33 that s 16 upside from Friday s close and and 13 from here Meanwhile RBC Capital has raised its price target to 44 Shares have appreciated 29 over the past 12 months...
CSCO
Olympic Destroyer malware targeted Pyeongchang Games firms
By Jim Finkle Reuters Several U S cyber security firms said on Monday that they had uncovered a computer virus dubbed Olympic Destroyer that was likely used in an attack on Friday s opening ceremony of the Pyeongchang Winter Games Games Organizers confirmed the attack on Sunday saying that it affected interne...
CSCO
Day Ahead Top 3 Things to Watch
Investing com Here s a preview of the top 3 things that could rock markets tomorrow 1 Wholesale Inflation Manufacturing Labor Data Thursday ushers in a deluge of economic reports which could either add to the narrative of a strengthening US economy or dent investor expectations for solid first quarter economic gr...
CSCO
Cisco tops estimates as turnaround takes center stage
By Munsif Vengattil Reuters Cisco Systems Inc NASDAQ CSCO reported its first rise in quarterly revenue in more than two years and forecast upbeat current quarter profit as the network gear maker s years long efforts to transform into a software focused company begins to pay off Shares of the Dow component whic...
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Crown Castle CCI To Acquire Wilcon Boosts Fiber Assets
Crown Castle International Corp NYSE CCI a leading wireless communication tower operator in the U S recently inked a deal to acquire privately held Wilcon Holdings LLC Wilcon for approximately 600 million from Pamlico Capital and other unit holders of Wilcon Wilcon is the premier service provider of dark fib...
VZ
3 Things To Watch When Verizon And AT T Report Earnings
by Clement Thibault AT T NYSE T and Verizon Communications NYSE VZ two American multinational telecommunication conglomerates are set to report earnings in the next few days Verizon will report its Q1 2017 earnings on Thursday April 20 before the market opens while AT T will report Q1 17 earnings on Tuesday A...
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Verizon VZ Lags Q1 Earnings And Revenues Estimate
Verizon Communications Inc NYSE VZ is the largest telecom operator in the U S providing high end wireless and wireline services to individuals business enterprises and government agencies Spectrum crunch is a major issue in the U S telecom industry and Verizon continues to operate in a saturated and competitive...
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Verizon VZ Misses Earnings And Revenue Estimate In Q1
Verizon Communications Inc NYSE VZ reported disappointing financial numbers in the first quarter of 2017 wherein both the top and bottom lines lagged the Zacks Consensus Estimate Quarterly GAAP net income was 3 553 million or 85 cents per share compared with 4 430 million or 1 06 per share in the year ago quart...
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Verizon Q2 EPS 0 94 vs estimate of 0 92
Investing com Verizon NYSE VZ said Q2 adjusted EPS was 0 94 vs an estimate of 0 92Revenues were 30 5 bn against a forecast of 32 00 bn Verizon s Q2 2015 EPS was 0 91 on revenues of 32 2 bn Verizon Monday agreed to buy Yahoo s core internet business for 4 83 bn
CSCO
Cisco Systems CSCO Stock Moves 0 3 What You Should Know
In the latest trading session Cisco Systems NASDAQ CSCO closed at 49 19 marking a 0 3 move from the previous day This change lagged the S P 500 s daily of 0 Elsewhere the Dow lost 0 19 while the tech heavy Nasdaq added 0 07 Coming into today shares of the seller of routers switches software and servic...
CSCO
Splunk SPLK Up 2 9 Since Last Earnings Report Can It Continue
A month has gone by since the last earnings report for Splunk SPLK Shares have added about 2 9 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is Splunk due for a pullback Before we dive into how investors and analysts have reacted ...
CSCO
Cisco absorbs BroadSoft
Cisco NASDAQ CSCO announces the completion of the acquisition of BroadSoft NASDAQ BSFT for an aggregate purchase price of 1 9B The company says the addition of BroadSoft will accelerate its cloud strategy and collaboration portfolio Cisco expects that the delisting of BroadSoft s common stock from the NASDAQ sto...
VZ
Is Verizon Mulling To Bid For Straight Path Communications
As per a recent report by Reuters Verizon Communications Inc NYSE VZ is considering offering a counterbid to acquire Straight Path Communications Inc a leading provider of fixed wireless spectrum licenses Notably on Apr 10 2017 AT T Inc NYSE T announced its decision to purchase Straight Path Communicat...
VZ
Yahoo YHOO Posts Q1 Earnings Miss Focuses On Verizon Merger
Yahoo Inc NASDAQ YHOO just released its 2017 first quarter financial results posting earnings of 0 06 per share and revenues of 834 million Currently Yahoo is a Zacks Rank 3 Hold and is up 0 36 to 47 56 per share in trading shortly after its earnings report was released Missed earnings estimates The c...
VZ
Top 5 things to watch today
Investing com Global stocks mostly higher ahead of central bank meetings Verizon Communications Inc NYSE VZ to buy Yahoo NASDAQ YHOO core internet business for 4 8 billionNintendo shares plunge on Pokemon profit warningGerman businesses brush off Brexit uncertaintyOil languishes near 3 month lows amid glut conc...
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U S stock index futures flat ahead of FOMC
Investing com U S stock index futures were flat Monday as eyes turn to FOMC starting Tuesday The Dow futures was up 0 04 at 07 30 ET while the S P 500 futures added 0 01 The tech heavy Nasdaq 100 futures shed 0 02 The yield on the U S 10 Year Treasury note was up two basis points at 1 590 Verizon Communicatio...
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Wall St lower in early trade as FOMC looms
Investing com U S shares edged lower early Monday ahead of the FOMC decision on Wednesday The DJI was down 0 31 at 09 45 ET while the S P 500 lost 0 30 The tech heavy Nasdaq composite dropped 0 15 The Federal Reserve is expected to stand pat of rates Over two thirds of S P 500 companies reporting earnings have ...
CSCO
Cisco CSCO Up 8 Since Last Earnings Report Can It Continue
A month has gone by since the last earnings report for Cisco Systems NASDAQ CSCO Shares have added about 8 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is Cisco due for a pullback Before we dive into how investors and analysts ha...
CSCO
Cisco expands probe over exploits to nine more products
Cisco Systems CSCO 0 3 is including nine more of its products in an investigation over those that might be affected by the Spectre and Meltdown processor exploits CRN reports The list of products being examined now numbers in dozens of network application service and acceleration products the report says along...
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Here s Why You Should Hold On Crown Castle CCI Amid Risks
On Apr 7 2017 we issued an updated research report on Crown Castle International Corp NYSE CCI a leading wireless communication tower operator in the U S The stock currently carries a Zacks Rank 3 Hold You can see The price performance of Crown Castle was impressive over the past three months The stock a...
VZ
Straight Path Communications STRP Stock Skyrockets On AT T T Buyout
Shares of Straight Path Communications NYSE T opened more than 150 higher on Monday after wireless carrier AT T NYSE T announced that it would buy the holder of wireless spectrum licenses in a deal worth about 1 25 billion AT T which is the second largest U S carrier will pay 95 63 per share for the comp...
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After AT T Buys Straight Path Globalstar Could Be The Next Telecom Takeover Target
Globalstar Inc s NYSE T stock skyrocketed 15 Monday morning on buyout speculation after AT T NYSE T purchased Straight Path Communications NYSE T for a 162 premium Globalstar s fun in the sun faded quickly after the initial wave of takeover speculation died down but a buyout could still be on the hori...
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AT T To Buy Straight Path Communications ETFs In Focus
AT T NYSE T will acquire Straight Path Communications NYSE T for 1 25 billion in an all stock deal to accumulate the airwaves it needs for a next generation network This is the second acquisition by AT T this year as it competes with other telecom giants to create a stronghold in the 5G space In February thi...
VZ
The Telecom Retreat Trade Levels To Know
Verizon NYSE VZ and AT T NYSE T are two of the leading telecom stocks in the U S and both have recently been on the prowl for acquisitions Verizon bought AOL and Yahoo NASDAQ YHOO over the past year trying to boost its online presence AT T meanwhile acquired Direct TV and Straight Path Communications NYSE ...
VZ
Is Verizon A Great Stock For Value Investors
Value investing is easily one of the most popular ways to find great stocks in any market environment After all who wouldn t want to find stocks that are either flying under the radar and are compelling buys or offer up tantalizing discounts when compared to fair value One way to find these companies is by looking a...
VZ
U S FCC says 62 bidders make down payments in spectrum auction
By David Shepardson WASHINGTON Reuters The U S Federal Communications Commission said on Friday that 62 bidders have made upfront payments in a forthcoming wireless spectrum auction including AT T Inc NYSE T Verizon Communications Inc NYSE VZ Dish Network T Mobile US and Comcast Corp NASDAQ CMCSA The ...
VZ
Yahoo reports lackluster results as sale looms
By Deborah M Todd Reuters Yahoo Inc s NASDAQ YHOO O quarterly earnings fell short of Wall Street expectations on Monday in what may be the company s last financial report before it sells its core business Yahoo reported adjusted earnings of 9 cents per share short of the 10 cents that analysts expected It als...
VZ
Verizon among leading bidders for Yahoo s core business Bloomberg
Reuters Yahoo NASDAQ YHOO Inc s core business secured five bidders in the final round including Verizon Communications Inc NYSE VZ Quicken Loans Inc founder Dan Gilbert and Vector Capital Management Bloomberg reported on Tuesday citing people familiar with the matter The other bidders are AT T Inc NYSE ...
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U S asks phone companies to provide robocall blocking technology
By David Shepardson WASHINGTON Reuters The chairman of the Federal Communications Commission on Friday pressed major U S phone companies to take immediate steps to make technology that blocks unwanted automated calls available to consumers at no charge FCC Chairman Tom Wheeler in letters to CEOs of major phone c...
VZ
Top 5 Things to Know in the Market on Monday
Investing com Here are the top five things you need to know in financial markets on Monday July 25 1 Global stocks gain ahead of central bank meetings Global stock markets traded mostly higher on Monday as investors looked ahead to key central bank meetings later this week The Federal Reserve will meet on July 2...
CSCO
Splunk s SPLK Q2 Earnings Revenues Surpass Estimates
Splunk NASDAQ SPLK reported second quarter fiscal 2020 non GAAP earnings of 30 cents per share which beat the Zacks Consensus Estimate by 18 cents and surged 275 year over year Revenues soared 33 year over year to 516 6 million and comfortably beat the Zacks Consensus Estimate of 487 million The year over yea...
CSCO
Factors Likely To Influence Workday s WDAY Q2 Earnings
Workday Inc NASDAQ WDAY is scheduled to report second quarter fiscal 2020 results on Aug 29 Notably the company has surpassed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 39 7 Past Quarter PerformanceIn the last reported quarter Workday non GAAP earnings of ...
CSCO
Cisco execs in operations sales departing
Cisco Systems CSCO 0 7 is shuffling a pair of executive leadership positions After 22 years with the company Rebecca Jacoby is exiting her post as senior VP of Operations She ll be succeeded by Irving Tan currently senior VP of Asia Pacific and Japan who will become senior VP of Operations and Digital a new r...
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Frontier Communications Here s How To Play The Dividend Cut Fears
Fear is high that a Frontier NASDAQ FTR dividend cut is coming Its price is down its yield 12 4 seems unsustainably high and short interest is among the highest in the S P 500 However to a large extent Frontier does have the ability to control its cash flows and sustain its dividend in the near and mid term...
VZ
Frontier Communications FTR Q4 Loss Wider Than Expected
Frontier Communications Corp NYSE T reported disappointing financial results in the fourth quarter of 2016 The company s adjusted net loss was wider than the Zacks Consensus Estimate and revenues also fell short of the mark On a GAAP basis net loss in the reported quarter was 133 million or a loss of 12 cent...
VZ
Verizon raises wireless plan rates offers more data
NEW YORK Reuters Verizon Communications Inc N VZ the No 1 U S wireless provider said on Wednesday that it would increase plan rates but expand data buckets by 30 percent to its customers who increasingly consume content through mobile devices The company has also revamped its My Verizon app to let custom...
CSCO
Cisco Outlook Takes Trade War Hit
Cisco NASDAQ CSCO reported revenue and earnings that barely exceeded the Zacks Consensus Estimates by 1 3 and 0 4 respectively But investors are generally more concerned about orders because they are indicative of future performance That s where Cisco under delivered A quick look at the earnings call slides c...
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The Zacks Analyst Blog Highlights Cisco Axalta Coating Ennis Integer And Pilgrim s Pride
For Immediate ReleaseChicago IL August 19 2019 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Cisco NASDAQ CSCO Axalta...
CSCO
Beaten Down Top Ranked Tech ETFs To Buy Now
The technology sector has been one of the biggest victims of the recent market rout triggered by escalation in U S China trade war and inversion of the yield curve In particular the technology companies have large exposure to China Additionally increased regulatory concerns also took toll on the sector This has m...
CSCO
Blockchain network IOTA teams up with Cisco Volkswagen others on data marketplace
By Gertrude Chavez Dreyfuss NEW YORK Reuters IOTA an open source blockchain network has teamed up with some of the biggest global corporate names led by Cisco Systems Inc NASDAQ CSCO Volkswagen DE VOWG p AG and Samsung KS 005930 Group to launch what is aimed to be a secure marketplace for data IOTA co fo...
CSCO
Top 5 Things to Know in the Market on Friday
Investing com Here are the top five things you need to know in financial markets on Friday December 1 1 Dollar under pressure as tax reform hits snag The dollar registered choppy trade around the unchanged mark wavering between gains and losses as it attempted to break what would be a string of three day decline...
VZ
Unions ratify Verizon landline labor contract
By Malathi Nayak NEW YORK Reuters The unions representing nearly 40 000 wireline workers of Verizon Communications Inc N VZ ratified a new labor deal on Friday ending a months long dispute that led to an employee strike that lasted nearly seven weeks the company said The new contract will run until August 3 ...
CSCO
Cisco Systems CSCO Surpasses Q4 Earnings And Revenue Estimates
Cisco Systems NASDAQ CSCO came out with quarterly earnings of 0 83 per share beating the Zacks Consensus Estimate of 0 82 per share This compares to earnings of 0 70 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 1 22 A quarter...
CSCO
Cisco Systems CSCO Q4 Earnings Revenues Beat Estimates
Cisco Systems NASDAQ CSCO reported fourth quarter fiscal 2019 non GAAP earnings of 83 cents per share which beat the Zacks Consensus Estimate by a penny Further the figure rose 19 from the year ago quarter Revenues increased 6 year over year excluding Service Provider Video Software Solutions SPVSS to 1...
VZ
Vanguard Telecom Services ETF Was Today s Worst Performer Down 1 37
The Vanguard Telecommunication Services ETF NYSE VOX underperformed all other non leveraged non inverse exchange traded products in the U S today on a percentage basis producing a 1 37 one day return and trailing the wider markets by a total of 2 01 percentage points Behind The Gains VOX closed today at 100 11...
VZ
AT T seeks to top Verizon as Yahoo reviews new bids sources
By Greg Roumeliotis Reuters Yahoo Inc N YHOO is set to put together a new shortlist of bidders for its core internet assets after several parties including Verizon Communications Inc N VZ and AT T Inc N T made second round offers people familiar with the matter said In a boon to the prospects of AT T ...
CSCO
Chart Of The Day With Cisco Now A Buy Why Are Technicals Signaling A Fall
Cisco Systems the San Jose based networking products giant is due to report Q4 2019 results on Wednesday August 14 after the bell Expectations are for 1 14 EPS and 2 55 billion in revenue That s versus 1 76 EPS and 3 12 billion for the corresponding quarter last year Over the past six years Cisco NASDAQ CS...
CSCO
Should You Buy Cisco Systems CSCO Ahead Of Earnings
Investors are always looking for stocks that are poised to beat at earnings season and Cisco Systems Inc NASDAQ CSCO may be one such company The firm has earnings coming up pretty soon and events are shaping up quite nicely for their report That is because Cisco Systems is seeing favorable earnings estimate rev...
VZ
Crown Castle CCI Wireless Prospects Bright revised
On Nov 30 we issued an updated research report on Crown Castle International Corp NYSE CCI An extensive tower portfolio high demand for tower infrastructure strong business outlook healthy leasing activity and growing demand for mobile broadband which are likely to benefit the company going forward Wireless D...
VZ
Will Verizon VZ Lead In 5G With Small Cell Dark Fiber
U S telecom behemoth Verizon Communications Inc NYSE VZ is emphasizing on its upcoming 5G fixed wireless network to counter rising competition in the domestic wireless market The industry is already working on 5G to reap maximum benefits from it Other U S telecom behemoths Sprint Corp NYSE S T Mobile US ...
VZ
Verizon and unions reach tentative deal to end strike
By Malathi Nayak NEW YORK Reuters Verizon Communications Inc N VZ and unions representing nearly 40 000 wireline workers have reached a tentative deal to end a strike that has stretched for more than month U S Secretary of Labor Thomas Perez said on Friday Shares in Verizon the No 1 U S wireless company ...
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Verizon unions agree to pay raises new jobs to end strike
By Chuck Mikolajczak Reuters An agreement between Verizon Communications Inc N VZ and unions potentially ending a nearly seven week strike includes 1 400 new jobs and pay raises topping 10 percent the company and unions representing about 40 000 workers said on Monday The deal which one analyst called very ...
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U S futures inch up ahead of data that could affect Fed rate hike odds
Investing com Wall Street futures pointed to a slightly higher open on Tuesday after the long Memorial Day weekend and as markets looked ahead to a slew of data that may help define the timing of the Federal Reserve s Fed next move in the tightening of monetary policy The blue chip Dow futures edged forward 12 poi...
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T Mobile offers a share of itself to customers launches gift app
By Malathi Nayak Reuters T Mobile US Inc O TMUS the No 3 U S wireless provider wants to turn its monthly subscribers into shareholders by offering them a share in the company s stock for free it said on Monday Shares of T Mobile closed 1 3 percent lower at 43 07 T Mobile which calls itself the Un carrie...
CSCO
BlackBerry s patent strategy head exits joins health tech firm sources
By Alastair Sharp TORONTO Reuters The man who was leading BlackBerry Ltd s efforts to make money from its patent portfolio has left to join a health technology company two sources with knowledge of the move said on Monday Mark Kokes left the Canadian company last month to join privately held NantWorks LLC the so...
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BlackBerry patent licensing director says he has left company
By Alastair Sharp TORONTO Reuters A key attorney executing BlackBerry Ltd s patent licensing strategy has left the company the second recent departure from the team tasked with making money from the Canadian company s intellectual property Victor Schubert who was a licensing director for BlackBerry told Reuters...
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Crown Castle CCI Wireless Prospects Bright Fx Woes Stay
On Nov 30 we issued an updated research report on Crown Castle International Corp NYSE CCI An extensive tower portfolio high demand for tower infrastructure strong business outlook healthy leasing activity and growing demand for mobile broadband which are likely to benefit the company going forward Wireless D...
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Verizon striking unions to continue talks U S Labor Dept says
Reuters Verizon Communications Inc N VZ and representatives from two striking unions will continue contract discussions in Washington this week with the help of the U S Department of Labor the regulator said The groups during these talks will not make any public statements nor will there be comments from th...
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Verizon CEO says strike may impact second quarter results
By Malathi Nayak Reuters Verizon Communications Inc N VZ Chief Executive Officer Lowell McAdam said on Tuesday the ongoing strike by the No 1 U S wireless provider s nearly 40 000 union employees could pressure second quarter results Network technicians and customer service representatives in the company s Fi...
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U S jobless claims fall more than expected last week
WASHINGTON Reuters The number of Americans filing for unemployment benefits fell more than expected last week moving back to near cycle lows as the labor markets remain healthy and the economy regains momentum after stumbling in the first quarter Initial claims for state unemployment benefits declined 10 000 to a...
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Verizon strike seen cutting 35 000 jobs off U S May payrolls
WASHINGTON Reuters The strike by Verizon Communications Inc N VZ workers will likely trim U S nonfarm payroll growth in May by at least 35 000 jobs a Labor Department report showed on Friday The department s monthly strike report showed a total of 35 100 Verizon employees were idle during the survey period f...
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Scientific Games SGMS Q2 Loss Widens Y Y Revenues Flat
Scientific Games Corporation NASDAQ SGMS reported second quarter 2019 loss of 83 cents per share much wider than the year ago quarter s loss of 6 cents The wider loss was primarily attributed to higher debt refinancing expenses and remeasurement of debt Revenues were 845 million flat year over year Growth in Lo...
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Asure Software ASUR To Report Q2 Earnings What s In Store
Asure Software NASDAQ ASUR is set to release second quarter 2019 results on Aug 8 The company s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters the average positive surprise being 29 5 In the first quarter earnings of 22 cents per share beat the Zacks Consensus Estimate by a dim...
CSCO
Cisco Systems CSCO Earnings Expected To Grow Should You Buy
Cisco Systems NASDAQ CSCO is expected to deliver a year over year increase in earnings on higher revenues when it reports results for the quarter ended July 2019 This widely known consensus outlook gives a good sense of the company s earnings picture but how the actual results compare to these estimates is a powerf...
CSCO
Cisco CEO Robbins to replace Chambers as chairman
The former CEO and now executive chairman of Cisco NASDAQ CSCO John Chambers won t stand for re election to the board when his term expires in December Current CEO Chuck Robbins will replace Chambers as chairman Source Press Release Shares 0 35 premarket Now read
CSCO
Cisco s Executive Chairman Chambers not to seek re election
Reuters Cisco Systems Inc O CSCO said on Monday that Executive Chairman John Chambers would not seek re election after his term expires in December Chambers who lead the networking gear maker for two decades as its chief executive became the executive chairman in July 2015 Under his leadership Cisco s sales ...
CSCO
Hackers compromised free CCleaner software Avast s Piriform says
By Joseph Menn SAN FRANCISCO Reuters Hackers broke into British company Piriform Ltd s free software that optimizes computer performance last month potentially allowing them to control the devices of millions of users the company and independent researchers said on Monday More than 2 million people downloaded ta...
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FCC Abandons Plans For BDS Reforms Delays Voting Process
The surprising victory of Republican nominee Donald Trump as the next U S president is starting to show its impact on telecom policy parameters On Nov 16 the U S telecom regulator Federal Communications Commission FCC abandoned its plans to reform Business Data Services BDS market by dropping the voting procedu...
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Dycom Industries DY Beats On Q1 Earnings Revenues Miss
After two successive earnings beats Dycom Industries Inc NYSE DY followed up with another beat in its first quarter fiscal 2017 results The specialty contracting services provider reported adjusted earnings per share of 1 67 in the quarter surpassing the Zacks Consensus Estimate of 1 65 The bottom line figure...
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Yahoo s Woes Multiply As Ireland s DPC Expedites Hack Probe
Ireland s Data Protection Commissioner DPC is reportedly conducting an accelerated examination of the massive 2014 hacking incident at Yahoo Inc NASDAQ YHOO that caused theft of user information from 500 million accounts Yahoo publicly admitted the incident in Sep 2016 and has faced U S politicians ire for be...
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Why The Cuban Dream Maybe Over For US Telecom Operators
President Obama s decision to normalize U S diplomatic and economic relations with Cuba which had been considerably strained since 1961 is again under threat Recently President elect Donald Trump threatened to terminate the Obama administration s efforts to normalize US Cuba relations According to CNN Trump twee...
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Strike hit Verizon makes final contract proposal to unions
By Malathi Nayak Reuters Verizon Communications Inc NYSE VZ said it had presented a revised and final contract proposal to unions representing nearly 40 000 striking workers who walked off their jobs in mid April after talks over a new labor agreement hit an impasse The company on Thursday said it was now ...
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FCC advances reform of U S business data market
By David Shepardson WASHINGTON Reuters The U S Federal Communications Commission on Thursday voted to advance reforms of the 40 billion market for business data services known as special access lines and to bar some contractual practices by providers The FCC voted 3 2 to approve an order that will bar some exi...
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Exclusive Yahoo s bidder shortlist points to cash deal sources
By Greg Roumeliotis and Liana B Baker Reuters Yahoo NASDAQ YHOO Inc has shortlisted close to 10 bidders in the auction for its core Internet assets including Verizon Communications Inc NYSE VZ with most offers involving cash rather than a combination with another company according to people familiar with ...
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Sprint s loss widens vows to cut 2 billion in costs this year
By Malathi Nayak and Sai Sachin R Reuters Sprint Corp on Tuesday reported a wider quarterly loss and added fewer subscribers than expected but vowed to cut more than 2 billion in costs in the current fiscal year to stop the red ink Sprint shares which had fallen about 4 percent so far this year jumped as much ...
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Striking union workers protest at Verizon shareholder meeting
By Malathi Nayak NEW YORK Reuters Dozens of Verizon Communications Inc N VZ landline workers on strike since mid April after contract talks hit an impasse marched on the company s annual shareholder meeting in Albuquerque New Mexico on Thursday The unions said about 15 protesters blocked traffic after they...
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Verizon striking unions set talks after meeting with U S official
Reuters Verizon Communications Inc N VZ and representatives from two striking unions will return to the negotiating table on Tuesday after a weekend meeting with U S Secretary of Labor Thomas Perez About 40 000 network technicians and customer service representatives in the company s Fios Internet telephone ...
CSCO
Digital Turbine APPS To Post Q1 Earnings What s In Store
Digital Turbine NASDAQ APPS is set to release first quarter fiscal 2020 results on Aug 5 The company s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters the average positive surprise being 87 5 In the last reported quarter earnings of 3 cents per share beat the Zacks Consensus Est...
CSCO
Factors To Consider Ahead Of Autohome s ATHM Q2 Earnings
Autohome Inc NYSE ATHM is scheduled to report second quarter 2019 results on Aug 7 The company surpassed the Zacks Consensus Estimate for earnings in the trailing four quarters with an average positive earnings surprise of 9 3 Q1 at a GlanceAutohome had reported first quarter 2019 non GAAP earnings of 87 cents p...
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What s In Store For Upland Software s UPLD Q2 Earnings
Upland Software NASDAQ UPLD is set to report second quarter 2019 results on Aug 7 The company s earnings beat the Zacks Consensus Estimate in the trailing four quarters delivering average positive surprise of 7 8 In the last reported quarter Upland s adjusted earnings of 53 cents per share beat the Zacks Consens...