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Piper Jaffray Maintains Neutral Rating On LEAP
Wednesday, August 4, 2010 - 9:25am | 97Analysts at Piper Jaffray reiterated their Neutral rating on shares of Leap Wireless International (LEAP) after the company reported disappointing second quarter earnings. In its report, Piper Jaffray lowered its price target for LEAP to $12 from $18, stating that "The company announced changes to...
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Leap Wireless Disappoints, Shares Fall 5% (LEAP)
Tuesday, August 3, 2010 - 7:05pm | 208Leap Wireless International, Inc. (Nasdaq: LEAP) released financial results late Tuesday that missed Wall Street estimates. The company also reported a surprising net loss of 112,000 customers during the last quarter. Leap Wireless International, Inc. announced that it narrowed its 2nd quarter net...
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Syniverse Sales Rise 40%, Guidance Upped - Analyst Blog
Tuesday, August 3, 2010 - 2:10pm | 837Syniverse Holdings Inc. (SVR) reported second-quarter 2010 adjusted earnings per share of 43 cents which met the Zacks Consensus Estimate. It exceeded the 36 cents in the year-earlier quarter. Revenue Syniverse reported second quarter 2010 revenues of $158.8 million, up 39.9% from $113.5 million in...
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SBAC’s Performance In 2H10 To Be Driven By New Tower Demand
Tuesday, August 3, 2010 - 1:48pm | 140Analysts at Benchmark maintain their "buy" rating on SBA Communications Corp (NASDAQ: SBAC). The target price for SBAC is set to $40. According to Benchmark, SBA Communications reported solid results for Q2. Benchmark says. “SBA meaningfully accelerated its stock buyback, purchasing 2.6 million...
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Leap Wireless Announces Plans To Drive Continued Growth (LEAP)
Tuesday, August 3, 2010 - 1:14pm | 125Leap Wireless International, Inc. (NASDAQ: LEAP), a leading provider of innovative and value-driven wireless communications services, today will unveil, at its 2010 Analyst Day in New York, new plans to capitalize on the fast-growing demand for prepaid wireless services. Presentations at the...
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American Tower Tops Estimates - Analyst Blog
Tuesday, August 3, 2010 - 12:54pm | 867American Tower Corp. (AMT) today declared its second quarter 2010 financial results. On a GAAP basis, second quarter net income was $99.7 million or 25 cents per share compared with a net income of $56.3 million or 14 cents per share in the prior-year quarter. EPS of 25 cents was well above the...
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Puts Purchased on MetroPCS Communications (PCS)
Tuesday, August 3, 2010 - 11:52am | 129Shares of MetroPCS Communications Inc. (NYSE: PCS) are lower on the session by 2.74%, currently trading at $8.87. The stock has been moving largely higher over the past six months and is trading just off of its 52-week high. Options traders are buying protection on the name today. The August $9.00...
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Jefferies Raising Price Target On Syniverse (SVR)
Tuesday, August 3, 2010 - 9:41am | 156Jefferies & Co. is raising its price target on shares of Syniverse (NYSE: SVR) to $26 from $23 after the technology company reported a solid quarter and raised its outlook. Jefferies rates Syniverse as a Buy. In the report Jefferies notes, "SVR delivered a solid quarter and raised 2010...
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The Benchmark Company Reiterates Buy Rating on American Tower (AMT)
Tuesday, August 3, 2010 - 9:22am | 253The Benchmark Company is out with a research report this morning, where it reiterates its Buy rating on American Tower (NYSE: AMT); it has a $50.00 price target on the stock. The Benchmark analysts cited two key developments for the company: an oft-delayed Mexican spectrum auction concluded and...
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American Tower Rated Outperform At Oppenheimer (AMT)
Tuesday, August 3, 2010 - 9:21am | 53Oppenheimer & Co. rates shares of American Tower (NYSE: AMT) at Outperform as the cell phone tower operator reported earnings this morning that beat estimates. Revenues reported were in line with expectations. Shares of American Tower are up this morning in pre-market trading, up 51 cents to $...
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Syniverse Delivers Good Quarter, Deutsche Bank Ups Price Target (SVR)
Tuesday, August 3, 2010 - 8:32am | 96Deutsche Bank analysts Tom Ernst and Nandan Amladi reiterated a Buy rating for Syniverse Technologies (NYSE: SVR). The analysts said, "SVR delivered $157.5m/$0.49 vs. our estimate of $148m/$0.42 and Street’s $152.5m/$0.46. Roaming drove much of the upside, growing 11% sequentially, while messaging...
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China Mobile & the Bush Tax Cuts - Analyst Blog
Monday, August 2, 2010 - 6:03pm | 1363As an investment, I happen to like China Mobile (CHL). It is the largest mobile phone company in the world by a very large margin, with over a half a billion subscribers. It is a play on the development of the Western parts of China, the poorer and more rural areas, where it has a much higher...
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Oppenheimer Previews Telecommunications, Media and Technology Conference (MSFT)
Monday, August 2, 2010 - 1:15pm | 294Oppenheimer & Co. has written an industry wide research report as it covers the Telecommunications, Media and Technology Conference, August 10-11. The brokerage gives some ideas, including Microsoft (NASDAQ: MSFT), Akamai (NASDAQ: AKAM) and American Tower (NYSE: AMT). In the report,...
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Europe and LATAM Boost Telefonica - Analyst Blog
Monday, August 2, 2010 - 12:36pm | 1246Spanish telecom giant Telefonica (TEF) reported its first-half 2010 earnings per share of 83 Euro cents ($1.06), comfortably beating the year-ago earnings of 76 Euro cents (97 cents). Net income upped 9.4% year over year to €3.8 billion ($4.8 billion). Consolidated revenue increased 5.4% year...
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SK Telecom Posts Better 2Q - Analyst Blog
Monday, August 2, 2010 - 12:13pm | 404SK Telecom Corp. Ltd. (SKM), a leading South Korean telecom operator, declared strong financial results in the second quarter 2010, boosted by a solid smartphone growth. Quarterly total operating revenue was approximately $2.66 billion, up 1% year over year. Total Cellular service revenue was $2....