For Immediate Release
Chicago, IL – March 9, 2012 – Zacks.com announces the list of
stocks featured in the Analyst Blog. Every day the Zacks Equity
Research analysts discuss the latest news and events impacting
stocks and the financial markets. Stocks recently featured in the
blog include Verizon Communications
Inc. ( VZ) AT&T Inc. ( T),
Sprint Nextel Corp. ( S), Clearwire
Corp. ( CLWR) and Harsco Corporation (
HSC).
Get the most recent insight from Zacks Equity Research with the
free Profit from the Pros newsletter:
http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst
Blog:
Verizon Unveils Home Broadband
The largest U.S. mobile service provider Verizon
Communications Inc. ( VZ) launched an in-home wireless
broadband service –– HomeFusion Broadband –– based on Long Term
Evolution (LTE) technology.
Verizon introduced this service in rural and remote homes, which
do not have access to DSL or cables. The service will be available
initially in Birmingham, Alabama, Dallas and Nashville, Tennessee
later this month.
The company will charge $59.99 per month for 10 gigabytes (GB)
of data and an initial fee of $199.99 for installing the antenna
device either on an outside wall or at the roof. Home Fusion
provides download speed of 5 to 12 megabits per second and 2 to 5
megabits for upload.
Verizon is further seeking the deployment of 4G services to
rural areas using tower and backhaul assets and its 700 MHz
spectrum. We believe Verizon’s expansion into rural areas will
drive subscriber growth and improve the churn rate, leading to
higher growth and profitability. In addition, Verizon is ahead of
its largest rivals AT&T Inc. ( T) and
Sprint Nextel Corp. ( S) in providing home
broadband services.
Verizon continues to lead the wireless industry with the
expansion of both its 3G and 4G mobile broadband networks. As of
January 23, 2012, Verizon deployed 4G LTE services in 195 markets,
covering more than 200 million people. The company expects to
expand its 4G network to its entire nationwide 3G footprint by
mid-2013, compared with the previous forecast of year-end 2013.
Verizon is poised to grow its revenue and earnings this year
based on the introduction of new smartphones, tablets and data
devices in the Wireless segment as well as continued strong FiOS
fiber-optic network and strategic services in the Wireline
business.
However, wireless home broadband service is not a new growth
revenue stream in the telecom space. Clearwire
Corp. ( CLWR) already provides similar rural offerings but
with limited coverage.
We are maintaining our long-term Neutral recommendation on the
stock. Currently, the stock retains the Zacks #3 Rank (Hold) for
the short term (1–3 months).
Harsco Wins Railway Contracts
Harsco Corporation ( HSC) has received
international contract awards of more than $25 million to provide
railway track equipment, parts and maintenance services. These
shall cater to customers in the U.S., Canada and Australia.
Harsco Rail shall process these orders by early 2013. The
primary products it shall deal with here include a wide range of
equipment such as Mark VI ballast tampers, ballast regulators and
track stabilizers, developed primarily for track surfacing
operations.
The company recently reported financial results for its fourth
quarter of 2011. Here, the Rail segment of the company declared
revenues of $72 million, rising 18% year over year. Strong sales
figures of equipment and parts were the primary reasons for this
approbatory performance.
Traditionally, the company is expected to have a soft
performance in the first quarter. Contract awards should be filling
up order books for Harsco Rail this year, as they did last
year.
Harsco’s goodwill has remained unblemished; creditors have never
been apprehensive about catering to its credit needs. Not long ago,
Harsco was allowed to renew an unsecured 5-year back-up credit
facility of $525 million on account of a 3-year back up facility
due for expiry this year.
Want more from Zacks Equity Research? Subscribe to the free
Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and
qualitative analysis to help investors know what stocks to buy and
which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly
traded stocks. Our analysts are organized by industry which gives
them keen insights to developments that affect company profits and
stock performance. Recommendations and target prices are six-month
time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides
highlights of the latest analysis from Zacks Equity Research.
Subscribe to this free newsletter today:
http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc.,
which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew
he could find patterns in stock market data that would lead to
superior investment results. Amongst his many accomplishments was
the formation of his proprietary stock picking system; the Zacks
Rank, which continues to outperform the market by nearly a 3 to 1
margin. The best way to unlock the profitable stock recommendations
and market insights of Zacks Investment Research is through our
free daily email newsletter; Profit from the Pros. In short, it's
your steady flow of Profitable ideas GUARANTEED to be worth your
time! Register for your free subscription to Profit from the Pros
at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before
making any investments. Nothing herein should be construed as an
offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
CLEARWIRE CORP (CLWR): Free Stock Analysis Report
HARSCO CORP (HSC): Free Stock Analysis Report
SPRINT NEXTEL (S): Free Stock Analysis Report
AT&T INC (T): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Harsco (NYSE:HSC)
Historical Stock Chart
From May 2024 to Jun 2024
Harsco (NYSE:HSC)
Historical Stock Chart
From Jun 2023 to Jun 2024