Sprint Nextel Corporation shares closed at $5.05 yesterday which is 7.68% higher than Friday’s closing price of $4.69. The company shares have 52 week high of $5.31 and 52 week low of $2.78. The company has 50 day moving average of $4.61 and 200 day moving average of $3.91. The sustenance and resistance levels of Sprint Nextel Corporation are $4.80 and $5.18. The company’s EPS is ($0.93) and its market cap is at $15.05 billion. Sprint Nextel Corporation’s beta is 1.11. In the pre-market, the stock is currently trading at $5.13, up 1.58%.
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The company is scheduled to report its quarterly results on July 28. Sprint Nextel will make the announcement before the market opens. The company has not posted a profit since the middle of 2007. Its subscriber base is also stagnant. The telecom company is expected to announce a loss of 20 cents per share. Its revenue figure has been pegged at $8 billion. It has posted a loss of 13 cents per share for the same quarter last year. During that quarter, its revenue was $8.14 billion.
Morgan Stanley (NYSE:S) has stated that it expects the company to grow its year over year wireless revenue by 1.8%. The growth will be fueled by the company’s acquisition of iPCS and Virgin. Morgan Stanley expects the company to report full year loss at $1.06 per share. The market consensus is at $0.83 loss apiece. For FY2011, the loss is expected to be $0.63 per share, in comparison to consensus estimate of $0.52.
Sprint Nextel offers a wide variety of wireless and wireline communication products and services. It caters to individual consumers as well as to the corporate. The telecom company also deals with government customers and resellers. The company operates through two business segments viz. Wireline and Wireless. Sprint Nextel has subscribers in all 50
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