Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORTCOM I | SPRT | 3.75% |
| UNISYS CORP | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MOUNTA | GMCR | 3.13% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
The third-largest U.S. wireless carrier Sprint Nextel Corp. (S - Analyst Report) is in talks for a potential ownership stake sale to the Japanese cellphone company Softbank Corp. The company is in negotiations to sell about 70% of its stake to Softbank for $12.8 billion.
Sprint is in the midst of a multi-billion dollar restructuring program known as Network Vision. Through this plan, the company is concentrating on the core Sprint platform, which includes CDMA, WiMAX and Long-Term Evolution (LTE) technologies, and eventual termination of the Nextel platform (iDEN business). Though the company has enough liquidity to address the growing costs of the network upgrade, iPhone subsidies, debt maturities and working capital requirements, yet it is in need to bolster its liquidity position for certain buyout.
The potential transaction would provide Sprint the financial support to build and improve its competitive wireless network. Additionally, the company would be able to shore up its balance sheet and potentially buyout Clearwire Corp. (CLWR - Snapshot Report), in which it already holds about 48% ownership, by raising new equities.
Although there is no guarantee of the deal, it could involve a change of control of Sprint. Further details of the deal have not been disclosed. The shares of Sprint jumped 14.3%, while Clearwire’s shares surged 71% following the news.
The Softbank-Sprint deal would be the fourth biggest deal on earth this year and could also change the dynamics of the whole wireless industry, which has been dominated by the two carriers - Verzion Communications inc. (VZ - Analyst Report) and AT&T Inc. (T - Analyst Report). Following the transaction, the monopoly would be minimized with Sprint also having one of the best networks.
Coming to Softbank, the deal would be highly beneficial as it is exploring ways to enter the U.S. market to offset its weak domestic operations. This would be the biggest international deal by a Japanese carrier.
We are maintaining our long-term Neutral recommendation on Sprint with a Zacks #3 (Hold) Rank.
Get the full Analyst Report on T - FREE
Get the full Analyst Report on S - FREE
Get the full Analyst Report on VZ - FREE
Get the full Snapshot Report on CLWR - FREE