Raymond James said the company’s wireless growth and free cash flow ramp will attract investors, while Citi views that the stock valuation has partly factored in improvement in fundamentals.
The stock rally has been supported by its defensive appeal and the company’s improved fundamentals.
Raymond James said the adverse reaction of Lumen stock is due to the deal value being lower than the $6 billion to $9 billion stated by a Reuters report in December.
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Motorola Solutions has outpaced the broader market over the past year, and analysts maintaining a reasonable outlook on its future performance.
Chief Commercial Officer Chris Ivory said the company is accelerating its path to commercial activity, starting with the testing service with the off-the-shelf cellular handset on AT&T and Verizon networks....
Telecom giant AT&T has significantly outperformed the broader market over the past year and observing the momentum analysts remain bullish on the stock’s prospects.
The telecom sector recorded a robust performance over the past year, highlighted by the impressive gains of the S&P Telecom Select Industry Index, which outperformed the broader S&P 500. The telecom sector...
AST SpaceMobile expects its service to offer all end users cost-effective, high-speed broadband services with global coverage.
The company expects to raise net proceeds of $387.9 million from the offering and use a bulk of it for working capital and general corporate purposes, including strategic acquisitions.
Cyberattack tied to the Chinese government penetrated U.S. broadband providers' networks, WSJ reported.