This is Why Infinera Corporation Shares Plummeted Today
Telecommunications equipment company Infinera Corporation shares plummeted today. On August 4, as of 1:13 p.m. EDT, the company’s shares were down 16.8%.
What Does This Mean?
Before we get into any numbers, let’s …
Oops! AT&T’s Promotion Confirmed the S8 Active
It’s not a total surprise to hear that Samsung (KRX:$005930) is working on an Active-branded variant of its bellwether Galaxy S8 smartphone, as the device was rumoured towards the start of April. But do you …
Windstream Holdings Posts Disappointing Q2 Results; Board of Directors Eliminates Quarterly Shareholder Dividend
Today, telephone service company Windstream Holdings, Inc. (NASDAQ:$WIN) reported second-quarter earnings and announced that its board of directors reviewed the company’s capital allocation strategy.
The board’s revision was announced in a separate release …
AT&T Executive Glenn Lurie to Retire in September
On August 2, the Wall Street Journal reported that AT&T (NYSE:$T) Mobility and Consumer Operations CEO Glenn Lurie will be retiring in September.
Most notably, Lurie is known for leading the team that …
Sprint Corporation Just Swung to a Quarterly Profit for the First Time in Three Years
Big day for Sprint shareholders! Before the bell on Tuesday, for the first time in three years, Sprint Corporation (NYSE:$S) swung to a quarterly profit. Not only that but the company’s chief executive said that …
AT&T Announced the Three Executives Who Will Head Its Businesses After The Close of the Time Warner Deal
On Friday, July 28, AT&T Inc (NYSE:$T) announced that its executives will head its media and wireless businesses. The news came after the close of its $85.4 billion acquisition of Time Warner Inc. (NYSE:$TWX).
… Read
ShoreTel Shares Increased 28% Today and Here’s Why!
On Thursday, ShoreTel shares increased a whopping 28%, as of 11:30 a.m. EDT. Why? It all started after Mitel Networks Corp. (NASDAQ:$MITL) disclosed that it would be acquiring the Sunnyvale, California-based company.
What Does … Read
AT&T Launched a Bond Sale Today to Help Finance its Acquisition of Time Warner
On Thursday, AT&T (NYSE:$T) launched a massive bond sale in order to help finance its $85 billion acquisition of Time Warner (NYSE:$TWX). Many speculate the sale will net roughly $15 billion.
If this …
Verizon Earnings Are Out and They Beat Revenue Expectations!
Today’s the day! Verizon earnings have been released, and the company met analyst expectations and beat revenue estimates for its second quarter. This is significant news, as it has helped Verizon’s (NYSE:$VZ) stock rebound from …
Everything to Know About Comcast Corporation’s Second Quarter Earnings Report
Are you interested in the communications sector? If you are, take note of the following. Before the market opened on Thursday, Comcast Corporation (NASDAQ:$CMCSA) posted its second quarter earnings report. The earnings surpassed analyst expectations …