We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sprint Develops Small Cell Solutions for Higher Coverage
Read MoreHide Full Article
Sprint Corporation (S - Free Report) recently announced that it is launching two new products in the market, namely — Pebble femtocell and Sprint Magic Box Silver — to enhance data coverage.
Pebble femtocell is the first-of-a-kind device created by Casa Systems, which is a pioneer in providing advanced ultra-broadband 5G solutions for mobile, cable, fixed and converged service providers. The product has been intricately designed to offer an untethered Wi-Fi backhaul option in conjunction with standard Ethernet connection to provide high-speed data services to customers.
The 6.5-inch portable device will expand data coverage by utilizing customers’ broadband connection instead of a regular call tower connection. Hence, the device can be placed anywhere without the hassle of connecting additional cables to the home router. It is expected to be available by the end of the year.
The Sprint Magic Box Silver — tailored and manufactured by Sercomm Corp — a Taiwanese manufacturer of broadband and wireless networking equipment, is a revamped version of Sprint Magic Box. Originally launched in 2017, Sprint has been able to deliver more than 370,000 devices. It proffers plug-and-play feature, which enables the device to automatically connect with the network, thereby enhancing the data speed and coverage at the same time.
This trailblazing technology, specifically designed for both business and residential customers, also delivers location flexibility and congruous LTE data coverage without any location constraints within the house. Like Pebble, this device too is expected to be available by the end of the year, followed by Sprint’s more recent launches — Sprint Magic Box Generation 3 and Sprint Magic Box-Hospitality Edition.
Existing Market Scenario
With a customer base of 54.3 million (as of Jun 30, 2019), the fourth-largest U.S. wireless carrier has lately been losing customers due to intense competition. The company's efforts to lure customers from rival carriers such as AT&T Inc. (T - Free Report) and Verizon Communications Inc. (VZ - Free Report) by offering attractive promotional plans and lucrative discounts have consequently 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.
However, Sprint’s all-stock merger with T-Mobile US, Inc. (TMUS - Free Report) has won majority votes from Federal Communications Commission to facilitate faster and seamless deployment of 5G wireless networks across the country. Amidst several controversies, the combined entity is expected to have about 127 million customers, a strong closing balance sheet and a fully funded business plan along with a strong foundation of secured investment grade debt at close.
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.
Image: Bigstock
Sprint Develops Small Cell Solutions for Higher Coverage
Sprint Corporation (S - Free Report) recently announced that it is launching two new products in the market, namely — Pebble femtocell and Sprint Magic Box Silver — to enhance data coverage.
Pebble femtocell is the first-of-a-kind device created by Casa Systems, which is a pioneer in providing advanced ultra-broadband 5G solutions for mobile, cable, fixed and converged service providers. The product has been intricately designed to offer an untethered Wi-Fi backhaul option in conjunction with standard Ethernet connection to provide high-speed data services to customers.
The 6.5-inch portable device will expand data coverage by utilizing customers’ broadband connection instead of a regular call tower connection. Hence, the device can be placed anywhere without the hassle of connecting additional cables to the home router. It is expected to be available by the end of the year.
The Sprint Magic Box Silver — tailored and manufactured by Sercomm Corp — a Taiwanese manufacturer of broadband and wireless networking equipment, is a revamped version of Sprint Magic Box. Originally launched in 2017, Sprint has been able to deliver more than 370,000 devices. It proffers plug-and-play feature, which enables the device to automatically connect with the network, thereby enhancing the data speed and coverage at the same time.
This trailblazing technology, specifically designed for both business and residential customers, also delivers location flexibility and congruous LTE data coverage without any location constraints within the house. Like Pebble, this device too is expected to be available by the end of the year, followed by Sprint’s more recent launches — Sprint Magic Box Generation 3 and Sprint Magic Box-Hospitality Edition.
Existing Market Scenario
With a customer base of 54.3 million (as of Jun 30, 2019), the fourth-largest U.S. wireless carrier has lately been losing customers due to intense competition. The company's efforts to lure customers from rival carriers such as AT&T Inc. (T - Free Report) and Verizon Communications Inc. (VZ - Free Report) by offering attractive promotional plans and lucrative discounts have consequently 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.
However, Sprint’s all-stock merger with T-Mobile US, Inc. (TMUS - Free Report) has won majority votes from Federal Communications Commission to facilitate faster and seamless deployment of 5G wireless networks across the country. Amidst several controversies, the combined entity is expected to have about 127 million customers, a strong closing balance sheet and a fully funded business plan along with a strong foundation of secured investment grade debt at close.
Sprint has long-term earnings growth expectation of 19.6%. This Zacks Rank #3 (Hold) stock has returned 10% compared with the industry’s growth of 18.9% year to date. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>