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Goldman Adds Verizon To Conviction Buy (VZ)
Wednesday, January 26, 2011 - 9:17am | 280Goldman Sachs is adding Verizon (NYSE: VZ) to its Conviction Buy List, with a $42 price target on shares. In a note to clients, Goldman writes, "We are adding Buy-rated Verizon the Conviction List with 17% upside to our price target, and 4Q results are supportive of our view. Our 2011 revenue/...
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Stock Market News for Jan 26, 2011 - Market News
Wednesday, January 26, 2011 - 9:09am | 1483Markets closed almost flat yesterday after erasing losses ahead of President Obama's State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close. On Tuesday, the markets closed almost flat after erasing early losses due to...
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Oppenheimer GIves Earnings Preview For AT&T
Wednesday, January 26, 2011 - 8:54am | 199Oppenheimer estimates that AT&T (NYSE: T) will report recurring 4Q10 EPS of $0.54, which matches consensus. Most notably, it is forecasting that T's wireless margins will recover from the 3Q iPhone subsidy hit, increasing by 100bps sequentially to 38.6%. However, this may prove optimistic if...
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Corning Benefits Most From the Verizon-iPhone Marriage
Wednesday, January 26, 2011 - 7:48am | 429Perhaps the worst kept tech secret in history was that the Apple (AAPL) iPhone would be on Verizon (VZ) someday. Now that it has finally been confirmed by both companies, we're seeing examples of classic buy on the rumor and sell on the news. I'm not saying either company is a sell or a short by...
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Neutral on Motorola Mobility - Analyst Blog
Tuesday, January 25, 2011 - 5:31pm | 620We initiate coverage for Motorola Mobility Holdings Inc. (MMI) with a Neutral recommendation, which means the stock will perform mostly in line with the broader market. The company is finally reaping the benefit of the decisions it took for its struggling mobile phone businesses. Supported by...
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Neutral on Motorola Mobility - Analyst Blog
Tuesday, January 25, 2011 - 5:15pm | 620We initiate coverage for Motorola Mobility Holdings Inc. (MMI) with a Neutral recommendation, which means the stock will perform mostly in line with the broader market. The company is finally reaping the benefit of the decisions it took for its struggling mobile phone businesses. Supported by...
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FairPoint Communications Stock Begins Trading on Nasdaq
Tuesday, January 25, 2011 - 4:18pm | 34FairPoint Communications, Inc. (Nasdaq: FRP) today announced that shares of its common stock have begun trading on the Nasdaq Stock Market under the ticker symbol FRP.
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Tellabs Underperforms, Outlook Weak - Analyst Blog
Tuesday, January 25, 2011 - 3:31pm | 907Tellabs Inc. (TLAB) declared fourth quarter of 2010 financial results today that fell below the Zacks Consensus Estimates. Total revenue of $410.5 million was up 5.4% year over year but below the Zacks Consensus Estimate of $418 million. Higher revenue in the Broadband segment was partially...
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Tellabs Underperforms, Outlook Weak - Analyst Blog
Tuesday, January 25, 2011 - 2:51pm | 907Tellabs Inc. (TLAB) declared fourth quarter of 2010 financial results today that fell below the Zacks Consensus Estimates. Total revenue of $410.5 million was up 5.4% year over year but below the Zacks Consensus Estimate of $418 million. Higher revenue in the Broadband segment was partially...
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Verizon Sees 2011 EPS Growth of 5 to 8 Percent
Tuesday, January 25, 2011 - 2:13pm | 365Verizon Communications Inc. (NYSE: VZ) has positioned itself to "kick into a higher gear as we go forward," Lowell McAdam, Verizon president and chief operating officer, told investors and analysts at a conference today. The conference included a discussion of the company's 2010 results and a...
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Verizon Falls a Penny Short - Analyst Blog
Tuesday, January 25, 2011 - 11:31am | 1087Verizon Communications (VZ), the second largest U.S. phone company, declared its fourth quarter and fiscal 2010 earnings results before the opening bell. The company reported fourth quarter adjusted earnings of 54 cents per share missing the Zacks Consensus Estimate by a penny. Higher discounts...
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Verizon iPhone Gets Unlimited Data, Techies Rejoice (VZ, AAPL)
Tuesday, January 25, 2011 - 10:44am | 96According to the Wall Street Journal, Verizon (NYSE: VZ) iPhone users are going to be able to use all the data they can get their data grubbing hands on. Lowell McAdam, Verizon's COO was positive on the announcement. “I'm not going to shoot myself in the foot,” he said. Apple (NASDAQ: AAPL) and...
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Verizon Falls a Penny Short - Analyst Blog
Tuesday, January 25, 2011 - 9:58am | 1087Verizon Communications (VZ), the second largest U.S. phone company, declared its fourth quarter and fiscal 2010 earnings results before the opening bell. The company reported fourth quarter adjusted earnings of 54 cents per share missing the Zacks Consensus Estimate by a penny. Higher discounts...
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Verizon Communications Disappoints Slightly (VZ)
Tuesday, January 25, 2011 - 9:46am | 200Verizon (NYSE: VZ) was the first to report of the U.S. telecommunications giants this week. Verizon revenue for Q4 2010 fell 2.6% with results slightly below analyst calcuations. Revenue for Verizon's Q4 2010 was reported at $26.4 billion, down from 27.1% billion in Q4 2009. Analysts anticipated a...
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News Summary
Tuesday, January 25, 2011 - 9:36am | 251Shares of Verizon Communications Inc (NYSE: VZ) dropped about 0.1% after the company reported its Q4 net profit at $2.64 billion, or $0.93 per share, compared with $617 million, or $0.22 per share, in the year-ago period. The company's earnings included $0.39 per share in net non-operational gains...