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Sprint (S) Unveils Wireless Protection Plan Sprint Complete

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Sprint Corporation (S - Free Report) recently introduced a protection plan, Sprint Complete. The company’s new protection plan offers wireless protection, enhanced repair service as well as technology support for select smartphones, tablets and smartwatches.

Notably, the protection plan incorporates tools and support services including $29 screen repair, password protection, unlimited cloud storage, smart home consultation apart from next-day replacement for lost devices.

Sprint is coming up with new ideas and solutions to better serve its customers and help business enterprises improve their relationship with employees. Notably, in the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 14.5%, outperforming the 10.7% increased recorded by the industry.

Earlier, the company also inked a merger deal with T-Mobile. The deal will help to accelerate development of 5G wireless networks. It will be a force for positive change in the U.S. wireless, video and broadband industries. The new company will have the network capacity to rapidly create a nationwide 5G network with the breadth and depth needed to enable U.S. firms and entrepreneurs to lead from the front.

However, the company's efforts to lure customers from rival carriers by offering attractive promotional plans and lucrative discounts have resulted in high cash burn rate. Sprint also has a debt-laden balance sheet, which affects its cost of capital while trying to raise funds for network expansion.

Stocks to Consider

Some better-ranked stocks in the same space are United States Cellular Corporation (USM - Free Report) , Telenav, Inc. and Windstream Holdings, Inc. . While United States Cellular sports a Zacks Rank #1 (Strong Buy), Telenav and Windstream Holdings carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

United States Cellular outpaced estimates thrice in the trailing four quarters with an average positive earnings surprise of 303.56%.

Telenav surpassed estimates in each of the trailing four quarters, delivering an average positive earnings surprise of 3.72%.

Windstream Holdings outpaced estimates twice in the trailing four quarters with an average positive earnings surprise of 23.50%.

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