Telecommunications

CFRA Keeps Hold Rating On Shares Of Roku, Inc.

/ / Telecommunications /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our target $5 to $67 on a forward P/S of 2.48x our $3.89B 2024 sales estimate, or $27.05/share using a narrower risk premium. ROKU’s operating outlook shows modest gains in EBITDA, with $4M in 2023, a $95M consensus estimate in 2024, and $239M in 2025; these are not material to apply to the TEV/EBITDA valuation. A long-term DCF model to value ROKU is difficult, in our view, given the uncertainties in driving significant revenue growth, EBITDA, and profits three to five years out or longer. Guidance for Q1 2024 is for total net revenue of $850M, total gross profit of $370M, and adjusted EBITDA at breakeven. The launch of its own branded TVs held promise to spur new ROKU subscribers. However, Walmart’s (WMT 59 ****) […]

CFRA Keeps Hold Rating On Shares Of Roku, Inc. Read Post »

Verizon First Quarter to Show Mixed Results, RBC Says

/ / Telecommunications /

Verizon Communications’ (VZ) first-quarter financial results are likely to be mixed, with churn management seen as a key priority for this year, RBC Capital Markets said in a note e-mailed Tuesday. The telecommunications giant is scheduled to report first-quarter results April 22. RBC projects adjusted earnings to fall about 7% year over year to $1.12 per share amid higher interest costs. That result would match Wall Street’s views. The brokerage expects revenue to grow 0.1% to $32.96 billion, below the Street’s $33.3 billion estimate, mainly driven by wireless equipment sales, RBC analysts Jonathan Atkin and Bora Lee said. The firm projects wireless service revenue growth at 3.1% on an annual basis, led by 3.8% average revenue per account growth. The Street is looking for 3.2% and 3.9%, respectively, RBC said. Verizon is also likely to see continued momentum in gross additions, with consumer postpaid phone adds poised to grow 7.4%

Verizon First Quarter to Show Mixed Results, RBC Says Read Post »

CFRA Maintains Hold Opinion On Shares Of At&t Inc.

/ / Telecommunications /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: AT&T announced that the personal data belonging to 73 million current or former customers has been leaked online. The data involved appears to be from a breach in 2019 or earlier and is linked to 7.6 million customers and 65.4 million former account holders. The information includes addresses, social security numbers, and passcodes. The company announced in a statement that it is unclear whether the data originated from its own systems or via a third-party supplier. While a data breach is never a positive thing for the company, the silver lining here is that most of it comes from past account holders. AT&T has brought in a cybersecurity firm to investigate and has reset customers’ passwords. At this point it is unclear what the financial fallout from

CFRA Maintains Hold Opinion On Shares Of At&t Inc. Read Post »

Comcast Plans $265 Million Fiber Network Expansion in Texas

/ / Telecommunications /

Comcast (CMCSA) said Thursday that it plans to invest over $265 million to expand its Xfinity network in Texas this year with the installation of over 1,000 miles of new fiber-rich highways. This year’s expansion will start in Conroe, Montgomery, Hempstead, Porter, Navasota and Cleveland, while ongoing network infrastructure projects in Houston will continue, said the company. Comcast said the investment for the expansion is in addition to its $3 billion investment in Texas over the last three years.

Comcast Plans $265 Million Fiber Network Expansion in Texas Read Post »

Comcast’s Q1 to Reflect Broadband Subscriber Losses, UBS Says

/ / Telecommunications /

Comcast’s (CMCSA) Q1 results are likely to reflect slightly higher broadband subscriber losses and low single digit EBITDA growth in its Connectivity business segment, UBS said Thursday in a report. EBITDA may drop at the company’s Content division due to declines in studio and TV media segments, UBS said. As a result, Q1 revenue may be flat from a year earlier, compared with a prior forecast of 1.5% growth, UBS said. The firm also revised its full-year revenue forecast to reflect growth of 3.1%, compared with 3.5% previously. The firm maintained its neutral rating on the company’s stock with a price target of $47. Results for Q1 are scheduled to be released April 25. Comcast shares fell 0.6% in recent trading Thursday.

Comcast’s Q1 to Reflect Broadband Subscriber Losses, UBS Says Read Post »

Cisco Completes Acquisition of Splunk

/ / Telecommunications /

Cisco Completes Acquisition of Splunk Canada NewsWire SAN JOSE, Calif., March 18, 2024 It’s a new day for your data. Cisco, supercharged by Splunk, will revolutionize the way companies harness data to connect and protect every aspect of their organizations. News summary — Cisco is now uniquely poised to power, protect, and advance the AI revolution for customers — Cisco will bring the full power of the network together with market-leading security and observability solutions — With Splunk, Cisco becomes one of the largest software companies globally SAN JOSE, Calif., March 18, 2024 /CNW/ — Cisco (NASDAQ: CSCO) today announced it completed the acquisition of Splunk, setting the foundation for delivering unparalleled visibility and insights across an organization’s entire digital footprint. To thrive in the new digital era, organizations must connect and protect all that they do. They need to connect the people, places, applications, data, and devices that power

Cisco Completes Acquisition of Splunk Read Post »

CFRA Retains Hold Opinion On Shares Of Roku, Inc.

/ / Telecommunications /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We think it is uncertain whether ROKU’s operating system holds great value in the fast-changing video streaming market as it attempts to be the preferred platform that viewers use to toggle easily between different streaming channels. The launch of its own branded TVs held promise to spur new subscribers at ROKU. However, Walmart’s (WMT 61 ****) planned $2.3B purchase of Vizio to bolster its own advertising business, like Amazon (AMZN 177 ****), is a negative for selling ROKU televisions through this retailer. ROKU’s operating outlook shows modest gains in EBITDA, with $4M in ’23, a $95M consensus estimate in ’24, and $239M in ’25; these are not material to apply TEV/EBITDA valuation. A long-term DCF model to value ROKU is difficult, in our view, given the uncertainties

CFRA Retains Hold Opinion On Shares Of Roku, Inc. Read Post »

AT&T Stock Is Rising. The Case for Long-Term Investment. — Barrons.com

/ / Telecommunications /

By Angela Palumbo AT&T stock was up Tuesday after a Wolfe Research analyst cited multiple reasons as to why he believes the telecommunications company is a solid, long-term investment. Analyst Peter Supino upgraded shares of AT&T to Outperform from Peer Perform on Tuesday and gave the stock a $21 price target. Supino wrote in a research note that it’s been “safe to be underweight” on AT&T as the stock has provided negative returns over the past three years. However, “amidst apathy and negative muscle memory, we argue that it’s time to take T seriously as a long,” he said. AT&T shares have fallen 10% over the past 12 months. On Jan. 24, the company provided earnings guidance below Wall Street estimates. Investors have also been concerned about the cost of investing in wireless networks, high debt, declining landline customers, and the unknown outcomes of a Wall Street Journal report regarding

AT&T Stock Is Rising. The Case for Long-Term Investment. — Barrons.com Read Post »

Scroll to Top