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Orange (ORAN) & MASMOVIL to Transform Spain's Telecom Market
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Orange S.A. (ORAN - Free Report) and MASMOVIL have announced the completion of their agreement to form a new joint venture (JV) in Spain by merging their operations. Shareholders of Orange and MASMOVIL each hold a 50% share in the joint venture, and they have equal rights in the combined entity.
The newly formed company will be a dominant force in Spain’s telecom market, with a combined total of more than 37 million broadband and mobile lines. It aims to lead the market in innovation, environmental and social impact, and fiber and mobile coverage.
The creation of this partnership ensures long-term sustainability and enables ongoing investments in next-generation infrastructure to benefit consumers and businesses in Spain. Under the arrangement, Orange Spain and MASMOVIL will function as a unified entity, consolidating their financial records under the newly established JV.
Per revised estimates, the new company is anticipated to generate synergies of more than €490 million per year by the fourth year after closing. Upon closing, Orange and MASMOVIL shareholders are expected to receive approximately €4.4 billion and €1.65 billion, respectively.
Headquartered in Paris, Orange is one of the world’s leading telecommunications carriers, with a presence in 26 countries. The company is also a leading provider of mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers and businesses.
In June, the company’s subsidiary, Orange Belgium, acquired a controlling stake in VOO SA, aligning with its national convergent strategy. With this deal, Orange Belgium now holds a 75% stake minus one share in VOO SA, while Nethys retains the remaining 25% plus one share.
The buyout is expected to have long-term benefits for VOO's network, enhancing its quality and spurring investment and competition in the telecommunications sector. This will enable customers in Wallonia and the Brussels region to access superior network services.
At present, ORAN carries a Zacks Rank #3 (Hold). Shares of the company have gained 1.5% against the sub-industry’s decline of 4% in the past year.
The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has improved 0.3% in the past 60 days to $13.46. SNPS’s long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. SNPS shares have risen 56.3% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has moved up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.
Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. WWD shares have risen 62.6% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. PERI shares have lost 42.6% in the past year.
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Orange (ORAN) & MASMOVIL to Transform Spain's Telecom Market
Orange S.A. (ORAN - Free Report) and MASMOVIL have announced the completion of their agreement to form a new joint venture (JV) in Spain by merging their operations. Shareholders of Orange and MASMOVIL each hold a 50% share in the joint venture, and they have equal rights in the combined entity.
The newly formed company will be a dominant force in Spain’s telecom market, with a combined total of more than 37 million broadband and mobile lines. It aims to lead the market in innovation, environmental and social impact, and fiber and mobile coverage.
The creation of this partnership ensures long-term sustainability and enables ongoing investments in next-generation infrastructure to benefit consumers and businesses in Spain. Under the arrangement, Orange Spain and MASMOVIL will function as a unified entity, consolidating their financial records under the newly established JV.
Orange Price and Consensus
Orange price-consensus-chart | Orange Quote
Per revised estimates, the new company is anticipated to generate synergies of more than €490 million per year by the fourth year after closing. Upon closing, Orange and MASMOVIL shareholders are expected to receive approximately €4.4 billion and €1.65 billion, respectively.
Headquartered in Paris, Orange is one of the world’s leading telecommunications carriers, with a presence in 26 countries. The company is also a leading provider of mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers and businesses.
In June, the company’s subsidiary, Orange Belgium, acquired a controlling stake in VOO SA, aligning with its national convergent strategy. With this deal, Orange Belgium now holds a 75% stake minus one share in VOO SA, while Nethys retains the remaining 25% plus one share.
The buyout is expected to have long-term benefits for VOO's network, enhancing its quality and spurring investment and competition in the telecommunications sector. This will enable customers in Wallonia and the Brussels region to access superior network services.
At present, ORAN carries a Zacks Rank #3 (Hold). Shares of the company have gained 1.5% against the sub-industry’s decline of 4% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Synopsys (SNPS - Free Report) , Woodward (WWD - Free Report) and Perion Network (PERI - Free Report) . Both Synopsys and Perion Network sport a Zacks Rank #1 (Strong Buy) at present, and Woodward carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has improved 0.3% in the past 60 days to $13.46. SNPS’s long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. SNPS shares have risen 56.3% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has moved up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.
Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. WWD shares have risen 62.6% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. PERI shares have lost 42.6% in the past year.