Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Sprint (S) Focuses On Network Expansion, Customer Experience

Published 12/30/2018, 08:22 PM
Updated 07/09/2023, 06:31 AM

On Dec 31, we issued an updated research report on Sprint Corporation (NYSE:S) .

The U.S. communications service provider’s strategy of balancing growth and profitability while increasing network investments and adding digital capabilities should drive its financial performance in the coming quarters. It has enhanced its SD-WAN services reach to enable enterprises to more simply and efficiently manage global IT resources and applications across networks throughout Asia-Pacific, Latin America, North America and Europe. Also, the company’s multi-year plan to improve cost structure and its "Unlimited for All" plan designed for customers bode well.

The company is coming up with new ideas and solutions to better serve its customers and help business enterprises improve their relationship with employees. In November 2018, Sprint announced that it has joined forces with HTC to bring a powerful 5G mobile smart hub to customers. This will enable customers to experience Sprint 5G on multiple devices for content sharing, mobile gaming and entertainment among others with incredibly fast connectivity. The company continues to build a solid 5G device portfolio so that its users can be among the first to experience Sprint 5G next year.

Massive MIMO technology is integral to Sprint's 5G strategy and network build. The technology augments the capacity of the company’s LTE Advanced network and is software upgradable to 5G. With this, Sprint is likely to meet customers’ need for unlimited data and high-bandwidth applications. The company intends to launch its mobile 5G network in nine of the largest cities across the country — Atlanta, Chicago, Dallas, Houston, Kansas City, Los Angeles, New York City, Phoenix and Washington, DC — during the first half of 2019 with additional markets to be announced later.

For fiscal 2018, Sprint has raised its adjusted EBITDA guidance to the range of $12.4 billion to $12.7 billion from the previous projection of $12-$12.5 billion, owing to strong year-to-date performance. The Zacks Rank #2 (Buy) stock has gained 7.6% against a decline of 0.7% of the industry in the past six months.



Other Stocks to Consider

A few other stocks in the broader industry worth considering are Arista Networks, Inc. (NYSE:ANET) , ARRIS International plc (NASDAQ:ARRS) and Harmonic Inc. (NASDAQ:HLIT) . While Arista sports a Zacks Rank #1 (Strong Buy), ARRIS and Harmonic carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Arista has a long-term earnings growth expectation of 21.7%.

ARRIS has a long-term earnings growth expectation of 6.5%.

Harmonic has a long-term earnings growth expectation of 8.8%.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>



ARRIS International plc (ARRS): Free Stock Analysis Report

Harmonic Inc. (HLIT): Free Stock Analysis Report

Arista Networks, Inc. (ANET): Free Stock Analysis Report

Sprint Corporation (S): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.