T-Mobile (NASDAQ:TMUS) Dividend Payable Dec. 15 to Shareholders of Record Dec. 1
T-Mobile (NASDAQ:TMUS) Dividend Payable Dec. 15 to Shareholders of Record Dec. 1
Category: Telecommunications
Cisco Systems: Acquisition Splunk Is Expected to Close by the End of the 3Q of Calendar Yr 2024
Cisco Systems: Acquisition Splunk Is Expected to Close by the End of the 3Q of Calendar Yr 2024.
Cisco CEOChuck Robbins Says Splunk Deal Will Add $4B In Annual Recurring Revenue
Cisco CEOChuck Robbins Says Splunk Deal Will Add $4B In Annual Recurring Revenue.
Citigroup raises Charter Communications (NASDAQ:CHTR) price target from $425 to $480
Citigroup analyst Michael Rollins maintains Charter Communications (NASDAQ:CHTR) with a Neutral and raises the price target from $425 to $480.
AT&T Inc. (T) Bank of America Securities Media, Communications and Entertainment Conference (Transcript)
AT&T Inc. (NYSE:T) Bank of America Securities Media, Communications and Entertainment Conference September 14, 2023 8:00 AM ET Company Participants Pascal Desroches – Chief Financial Officer Conference Call Participants David Barden – Bank of America David Barden All right. So, guys, good morning. Thank you for joining us again for day two of the 2023 Bank of America Media Communications Entertainment Conference. I’m Dave Barden. I head up telecommunications and common infrastructure research for the bank for the U.S. and Canada based here in New York. We are very thrilled, to start off day two with AT&T and their Chief Financial Officer, Pascal Desroches joining us. Pascal, thank you for being here. Pascal Desroches Good morning, everybody. It’s a pleasure to be here. David Barden Before we begin, do you want to do any safe harbor? Pascal Desroches Yes. Just as you know, some of the comments I’m going to…
AT&T Stock Rises After Offering Free Cash Flow Guidance
AT&T shared its third-quarter free cash flow guidance at an industry conference. The company expects to deliver $4.5 billion to $5 billion in free cash for the current quarter. AT&T reiterated its full-year free cash flow guidance of $16 billion or more. The stock rose almost 2% in premarket trading after the release of the guidance. AT&T needs to make up for the $11 billion in free cash flow in the third and fourth quarters to meet its full-year guidance. Analysts expect AT&T to generate $4.955 billion in free cash flow in the third quarter. Free cash flow is an important metric for telecom stocks and is used to pay dividends. AT&T currently pays $1.12 in annual dividends per share.
B of A Securities raises Arista Networks (NYSE:ANET) price target from $190 to $225
B of A Securities analyst Tal Liani maintains Arista Networks (NYSE:ANET) with a Buy and raises the price target from $190 to $225.
B of A Securities raises Cisco Systems (NASDAQ:CSCO) price target from $56 to $60
B of A Securities analyst Tal Liani maintains Cisco Systems (NASDAQ:CSCO) with a Neutral and raises the price target from $56 to $60.
Raymond James lowers T-Mobile US (NASDAQ:TMUS) price target from $184 to $172
Raymond James analyst Ric Prentiss maintains T-Mobile US (NASDAQ:TMUS) with a Strong Buy and lowers the price target from $184 to $172.
AT&T CEO Says Lead- Sheathed Cables Are No Public-Health Crisis
AT&T CEO John Stankey says the telecommunications company continues to work with regulators on the potential need to remediate lead-sheathed cables, but that the company “does not believe there is a public health crisis,” a concern that has emerged following a recent series of stories in the Wall Street Journal. Speaking at the Goldman Sachs Communacopia and Technology conference in San Francisco on Wednesday, Stankey said the company has taken steps to understand the issues the Journal has raised, but that AT&T feels like the Journal was “over-writing their headlines ” by suggesting the issue pointed to considerable risk to the health of both the public and AT&T employees. “We will continue to work with regulators, and we will make adjustments if required,” he said. “But we don’t believe there is a public health crisis, and we believe we’ve been responsible … We will work collaboratively to make sure our…
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