Telecom & Wireless
Clearwire Earnings... Win, Lose, or Draw? (CLWR, S, MOT)
Published:
On Tuesday morning we’ll get to see earnings out of Clearwire Corporation (NASDAQ: CLWR). The estimates for the wireless broadband service provider from First Call are -$1.01 EPS on $46.13 million in revenues. Next quarter estimates are $51.52 million in revenues. Estimates for fiscal Jan-2009 are -$4.08 EPS on $269 million in revenues.
With all the problems seen over at Sprint Nextel (NYSE: S), we’ll not consider anything a done-done deal. Even the stake from Motorola (NYSE: MOT) is hard to count as gospel as there has been hardly anything good up in Schaumburg, Illinois to report. As a reminder, every earnings release from Clearwire has the shot of seeing an announcement of additional securities in debt and/or stock being sold as well. You can usually expect an insider selling window to open up as well.
Analysts have an average price target north of $25.00, which is still about 70% higher than current prices. Clearwire Corporation’s 52-week trading range is $10.29 to $35.41.
Jon C. Ogg
March 1, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
