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S

Sprint

$6.78

0.05 (0.74%)

06:46
10/12/16
10/12
06:46
10/12/16
06:46

Sprint commences offer of up to $3.5B of wireless spectrum-backed notes

Sprint announced that three wholly owned special purpose subsidiaries have commenced an offer of up to $3.5B of wireless spectrum-backed notes in three series with varying maturities in a private transaction that is exempt from the registration requirements of the Securities Act of 1933. The Issuers' directly owned subsidiaries will acquire a portfolio of FCC licenses and a small number of third-party leased license agreements from subsidiaries of Sprint, which comprise a portion of Sprint's 2.5GHz and 1.9GHz spectrum holdings, representing approximately 14 percent of Sprint's total spectrum holdings on a MHz-pops basis. The Spectrum Portfolio is currently utilized by approximately 77% of all of Sprint's 2.5GHz enabled sites and approximately 33% of Sprint's 1.9GHz enabled sites. The Spectrum Portfolio will be leased back to Sprint Communications pursuant to a long-term lease agreement, the rental payments for which are sufficient to service the Notes. Based on an independent third-party valuation, the central value of the Spectrum Portfolio as of June 30, 2017, based on the various assumptions and limitations set forth in the valuation report, is approximately $16.4B. The Notes are being issued pursuant to a $7B program established for this structure, consisting of the initial issuance and potentially future issuances, subject to certain conditions. The Notes are expected to be rated investment grade by both Moody's and Fitch. The consummation of the Notes offering is subject to market and other conditions and is anticipated to close in early November 2016.

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  • 01

    Nov

S Sprint
$6.78

0.05 (0.74%)

09/12/16
DBAB
09/12/16
DOWNGRADE
DBAB
Hold
SoftBank downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Peter Milliken downgraded Softbank (SFTBY) to Hold saying the company's rebuilding efforts should take time. The analyst expects the stock to trade largely in line with Alibaba (BABA), Sprint (S) and the yen over the next 12 months, and he feels much of the upside has already been realized in the first two.
09/13/16
WELS
09/13/16
NO CHANGE
WELS
Market Perform
Apple iPhone 7 strength consistent with view, says Wells Fargo
Wells Fargo analyst Maynard Um says the iPhone 7 pre-order strength announced by T-Mobile (TMUS) and Sprint (S) is consistent with his view that "aggressive carrier promotions" should help to drive sales of the next generation phone. Um still expects Apple's multiple expansion to be limited given the "limited visibility and some concern into the March quarter." The analyst keeps a Market Perform rating on Apple shares with a $105-$120 price target range.
09/15/16
FBCO
09/15/16
NO CHANGE
Target $150
FBCO
Outperform
Credit Suisse raises Apple iPhone estimates on survey, carrier comments
Credit Suisse analyst Kulbinder Garcha said that build plans noted by the firm's tech team in Japan, the firm's proprietary iPhone survey and recent announcements from Sprint (S) and T-Mobile (TMUS) all lead him to now believe that Apple's (AAPL) iPhone 7 cycle may be stronger than anticipated. Accordingly, Garcha increased his calendar year 2016 iPhone volume estimate to 215M from 208M and took his calendar year 2017 estimate up to 221M units from 217M units. Additionally, two recent surveys conducted by the firm point to a potential beneficial mix shift, as more buyers appear to be shifting toward the Plus model compared to the mix in the iPhone 6s cycle, Garcha tells investors. The analyst reiterates an Outperform rating and $150 price target on Apple shares, which closed yesterday at $111.77.
09/20/16
PIPR
09/20/16
NO CHANGE
PIPR
Overweight
Piper survey shows decline in iPhone upgrade interest
Piper Jaffray analyst Gene Munster says his firm's survey of 403 U.S. iPhone owners suggests that interest in an iPhone 7 upgrade declined after the announcement of the device. The data contradicts "generally positive" initial demand indicators including from carriers including T-Mobile (TMUS) and Sprint (S), Munster tells investors in a research note. The analyst questions iPhone 7 demand into Apple's (AAPL) March and June quarters but remains confident in his thinking for flattish growth for iPhone 7 versus iPhone 6. Munster reiterates an Overweight rating on Apple.

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GIS

General Mills

$55.38

-1.05 (-1.86%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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PCRX

Pacira

$35.70

-0.6 (-1.65%)

20:00
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Recommendations
Pacira analyst commentary  »

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AVEVF

Aveva

19:56
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19:56
Upgrade
Aveva rating change  »

Aveva upgraded to Neutral…

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ZLAB

Zai Lab

18:58
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Syndicate
Zai Lab announces upsizing of U.S. IPO of American depositary shares »

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OHI

Omega Healthcare

$32.53

-0.12 (-0.37%)

18:30
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18:30
Hot Stocks
Omega Healthcare provides hurricane update »

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F

Ford

$11.72

0.09 (0.77%)

18:30
09/19/17
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18:30
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18:30
Periodicals
Ford to slash production at five North American assembly plants, Reuters says »

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FDX

FedEx

$216.00

0.92 (0.43%)

18:26
09/19/17
09/19
18:26
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18:26
Hot Stocks
FedEx says without cyberattack FY18 guidance would not have changed »

Comments are from the…

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EE

El Paso Electric

$54.85

0.05 (0.09%)

18:25
09/19/17
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18:25
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18:25
Hot Stocks
El Paso Electric announces City of El Paso approved settlement terms »

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

18:17
09/19/17
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Hot Stocks
Bed Bath & Beyond says biggest component in drop of FY17 EPS view is operations »

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  • 19

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CPRT

Copart

$32.54

-0.32 (-0.97%)

18:11
09/19/17
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18:11
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18:11
Earnings
Copart reports Q4 EPS 30c, consensus 29c »

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  • 20

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

18:04
09/19/17
09/19
18:04
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18:04
Earnings
Steel Dynamics sees Q3 adjusted EPS 63c-67c, consensus 70c »

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

17:58
09/19/17
09/19
17:58
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17:58
Hot Stocks
Treasury exits stake in Xenith Bankshares »

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
09/19/17
09/19
17:54
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17:54
Periodicals
Breaking Periodicals news story on Bristol-Myers »

Times:NHS will supply…

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BBBY

Bed Bath & Beyond

17:54
09/19/17
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17:54
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17:54
Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

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DESP

Despegar.com

17:52
09/19/17
09/19
17:52
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17:52
Syndicate
Despegar.com 12.7M share IPO priced at $26.00 »

The IPO priced at the…

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  • 20

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WAC

Walter Investment

$0.65

0.186 (40.09%)

17:50
09/19/17
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Hot Stocks
Walter Investment says Barclays to increase financing available »

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CBAY

CymaBay

17:49
09/19/17
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17:49
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17:49
Initiation
CymaBay initiated at Cantor »

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BBBY

Bed Bath & Beyond

17:46
09/19/17
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Hot Stocks
Bed Bath & Beyond sees net drop in Bed Bath & Beyond stores in FY17 »

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  • 19

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EVH

Evolent Health

$15.65

-0.8 (-4.86%)

17:45
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17:45
Initiation
Evolent Health initiated at KeyBanc »

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BPL

Buckeye Partners

$56.33

0.64 (1.15%)

17:44
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17:44
Syndicate
Buckeye Partners announces $210M in limited partnership unit sales »

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RL

Ralph Lauren

$91.03

0.87 (0.96%)

17:43
09/19/17
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17:43
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17:43
Initiation
Ralph Lauren initiated at Barclays »

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

17:43
09/19/17
09/19
17:43
09/19/17
17:43
Initiation
PVH Corp. initiated at Barclays »

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  • 19

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GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

, ORIG

Ocean Rig UDW

$0.16

-0.0083 (-4.90%)

17:43
09/19/17
09/19
17:43
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17:43
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Gemphire…

GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

ORIG

Ocean Rig UDW

$0.16

-0.0083 (-4.90%)

IOVA

Iovance Biotherapeutics

$8.55

0.3 (3.64%)

BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

FDX

FedEx

$216.00

0.92 (0.43%)

ADBE

Adobe

$156.60

0.83 (0.53%)

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KORS

Michael Kors

$46.18

1.53 (3.43%)

17:42
09/19/17
09/19
17:42
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17:42
Initiation
Michael Kors initiated at Barclays »

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LB

L Brands

$39.23

-0.75 (-1.88%)

17:42
09/19/17
09/19
17:42
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17:42
Initiation
L Brands initiated at Barclays »

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