reports
- Vikash Harlalka
OPTU: Model update post 4Q results
Earlier today, we published our quick take on Optimum’s 4Q results and our thoughts following the call note. The big story from today’s results and call is that management hasn’t provided guidance for 2026 EBITDA. Our EBITDA estimate is relatively unchanged, but we expect consensus EBITDA estimate to head lower and land closer to our estimate. In this note, we cover changes to our estimates, and comparisons with guidance and consensus. We also look at Optimum’s relative valuation in comparison w...
- Vikash Harlalka
OPTU: Missed Opportunities
We were looking forward to Optimum management sharing healthy guidance for 2026 EBITDA on the call but were disappointed. A lack of guidance stokes investor uncertainty. We hope more color emerges on the next earnings call (it would be even better if Dennis provided guidance at our Conference on March 26th). Management has also been reluctant to reveal accounting and cash flow details around Lightpath AI hyperscaler contracts. We see this as a missed opportunity. In this note, we discuss broadba...
- Vikash Harlalka
OPTU 4Q25 Quick Take: Strong Financials
Optimum’s broadband losses were higher than stale consensus estimates. Management had said at an industry conference late last year that broadband losses will be elevated in 4Q and the losses came in slightly better than we expected. Revenue was quite strong, driven mainly by higher broadband and business services revenue. Broadband ARPU growth of 2.8% was much higher than expected. EBITDA was just above consensus estimates. We expect the stock to trade up on results, but where it winds up for t...
- David Barden
TMUS: Seems pretty much ok after all
Following weak relative performance on a host of concerns heading into its 4Q results and CMD, we believe the company successfully, but not totally, soothed the market. What were these concerns? Weak sub growth in the face of an ascendant Verizon, falling ARPU in an intensifying competitive climate, mediocre EBITDA growth as a result of both, and cautious capital returns as a result. By and large TMUS met or exceeded, in our view, on most of these issues. The one thing people did not like? The N...
- David Barden
T-Mobile 4Q25 Quick Take: Stay tuned
T-Mobile posted 4Q results and guidance this morning ahead of their capital markets day featuring new CEO Srini Gopalan. We are sitting in the cold lobby waiting for the doors to open crunching through the numbers. TMUS is no longer guiding to subscriber growth, but rather accounts. The guidance for 900k-1MM new accounts for 2026E x 2.5 postpaid phones per account at the end of 2025 implies 2.25-2.5MM postpaid phone nets which is a bit below where the Street was thinking. This being said, TMUS h...
- Blair Levin
What Policies Matter to Telco’s Success: Supply Side or Demand Side? ...
T CEO John Stankey recently said that “I’ve never seen federal policy this supportive of market-based investment in advanced networks.” That statement raises multiple interesting investor related questions about what does, and does not, support investment in advanced networks, including the relative importance of those policies that drive supply and those that drive demand, and how government is treating advanced networks versus networks that have lower cost structures but also involve lower pe...
- Jonathan Moreland
PMT PENNYMAC MORTGAGE INVESTMENT TRUST
TCBI TEXAS CAPITAL BANCSHARES INC.
SXI STANDEX INTERNATIONAL CORPORATION
PAYX PAYCHEX INC.
NBTB NBT BANCORP INC.
MNRO MONRO INC
LXRX LEXICON PHARMACEUTICALS INC.
LMAT LEMAITRE VASCULAR INC.
HUN HUNTSMAN CORPORATION
GME GAMESTOP CORP. CLASS A
FFIN FIRST FINANCIAL BANKSHARES INC
CR CRANE CO.
GAM GENERAL AMERICAN INVESTORS CO. INC.
ENPH ENPHASE ENERGY INC.
PCF PUTNAM HIGH INCOME SECURITIES FUND
AGYS AGILYSYS INC.
TYIA JOHNSON CONTROLS INTERNATIONAL PLC
LW LAMB WESTON HOLDINGS INC.
HWKN HAWKINS INC.
WDFC WD-40 COMPANY
HYT BLACKROCK CORPORATE HIGH YIELD FUND VI
CVCO CAVCO INDUSTRIES INC.
CRVS CORVUS PHARMACEUTICALS
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
ABT ABBOTT LABORATORIES
MVBF MVB FINANCIAL CORP
THM INTERNATIONAL TOWER HILL MINES LTD
NWFL NORWOOD FINANCIAL CORP.
ZIVO ZIVO BIOSCIENCE
SONO INC.
ANIX SONOS
ETON ANIXA BIOSCIENCES
AMTB ETON PHARMACEUTICALS
JYNT AMERANT BANCORP (A)
ALLY THE JOINT
CMTV GMAC LLC
ALXO COMMUNITY BANCORP INC. VT
AZYO ALX ONCOLOGY HOLDINGS
LUMN AZIYO BIOLOGICS
BST LUMEN TECHNOLOGIES INC.
LSF BLACKROCK SCIENCE AND TECHNOLOGY TRUST
VANI LAIRD SUPERFOOD INC
BOF VIVANI MEDICAL INC
WS WI BRANCHOUT FOOD INC.
MXF WORTHINGTON STEEL
GDV THE MEXICO FUND
PMN INC.
IP THE GABELLI DIVIDEND & INCOME TRUST
CVM PROMIS NEUROSCIENCES INC.
FEAM INTER PHARMA PUBLIC COMPANY LIMITED
BDSX CEL-SCI CORPORATION
MIGI 5E ADVANCED MATERIALS INC.
BIODESIX INC
MAWSON INFRASTRUCTURE GROUP INC
- Jonathan Moreland
MNRO MONRO INC
HUN HUNTSMAN CORPORATION
ASA ASA
ENPH ENPHASE ENERGY INC.
TYIA JOHNSON CONTROLS INTERNATIONAL PLC
HYT BLACKROCK CORPORATE HIGH YIELD FUND VI
CVCO CAVCO INDUSTRIES INC.
ETON ETON PHARMACEUTICALS
LUMN LUMEN TECHNOLOGIES INC.
ZIP ZIPRECRUITER
TMC INC.
TBBK TMC THE METALS CO INC
LSF THE BANCORP
PMN INC.
GF LAIRD SUPERFOOD INC
PROMIS NEUROSCIENCES INC.
THE NEW GERMANY FUND
INC.
Verizon Communications Inc: 1 director
A director at Verizon Communications Inc sold 9,579 shares at 44.880USD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
- Blair Levin
T Threats Limited in Senate FirstNet Hearing; House Hearing This Week
In a legislative battle pitting the interests of T v. VZ and TMUS, the Senate held a hearing last week on the reauthorization of the FirstNet Authority (FNA), with the House holding another one this coming Wednesday. In this note, we analyze the first hearing as well as a draft House bill with an eye toward whether the upcoming Congressional action is likely to change the current economics of public safety communications for T, VZ, and TMUS.
- Dave Nicoski
- Ross LaDuke
Vital Signs: Actionable charts
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
PEP PEPSICO INC.
ATNI ATN INTERNATIONAL INC.
AMN AMN HEALTHCARE SERVICES INC.
VZ VERIZON COMMUNICATIONS INC.
TNET TRINET GROUP INC.
T AT&T INC.
SM SM ENERGY COMPANY
RHI ROBERT HALF INTERNATIONAL INC.
POST POST HOLDINGS INC.
NSP INSPERITY INC.
LAND GLADSTONE LAND CORP.
GIS GENERAL MILLS INC.
FLO FLOWERS FOODS INC.
EPC EDGEWELL PERSONAL CARE CO.
DECK DECKERS OUTDOOR CORPORATION
CVX CHEVRON CORPORATION
CPA COPA HOLDINGS S.A. CLASS A
COG CABOT OIL & GAS CORPORATION
CLX CLOROX COMPANY
CL COLGATE-PALMOLIVE COMPANY
CHTR CHARTER COMMUNICATIONS INC. CLASS A
CHD CHURCH & DWIGHT CO. INC.
CAG CONAGRA BRANDS INC.
BEN FRANKLIN RESOURCES INC.
ASC ARDMORE SHIPPING
TMP TELEMEDYCYNA POLSKA
ARC AUSTRALIAN RURAL CAPITAL
AAOI APPLIED OPTOELECTRONICS INC.
KELYA KELLY SERVICES INC. CLASS A
KFRC KFORCE INC.
LBRDA LIBERTY BROADBAND CORP. CLASS A
OPY OPPENHEIMER HOLDINGS INC. CLASS A
JBSS JOHN B. SANFILIPPO & SON INC.
CNX CNX RESOURCES CORPORATION
ASGN ASGN INC
AX AXOS FINANCIAL INC.
RRBI RED RIVER BANCSHARES
CARE CARTER BANKSHARES INC
GE GENERAL ELECTRIC CO.
AVBH AVIDBANK HLDGS INC
MPTI M TRON INDUSTRIES INC
PKST PEAKSTONE REALTY TRUST
TOYO TOYO CO LTD
AEBI AEBI SCHMIDT HOLDING AG
SNDK SANDISK CORP
PBCO PBCO FINANCIAL CORP COM
- David Barden
T Quick Hit: AT&T closes Lumen fiber transaction
AT&T announced this morning that they have closed the Lumen fiber transaction. As part of this transaction, AT&T acquires over 4MM fiber locations and more than 1MM fiber customers in major markets. AT&T also acquires Lumen’s fiber build engine which should help accelerate fiber deployment. We published two comprehensive reports when the transaction was announced.
- David Barden
VZ Quick Hit: Sampath out?
According to an article out this morning from the FT, Verizon has contacted potential replacements for its CEO of Consumer Sampath. The news is a surprise given his 'heir apparent' status and the short duration of now-CEO Dan Schulman's existing contract. Our view is that even more change, and therefore uncertainty, in the wireless industry C-suite is not a positive for the sector. Verizon has a lot of wood to chop to make good on ambitious '26E guidance and introduce a new 'value proposition' i...
- David Barden
Verizon 4Q25 Quick Take: Not kidding around with the ‘Dan Plan’
It’s all about the future. The Verizon 4Q results press release was nearly 50% above guidance for 2026E and about how much better this coming year will be than in recent years past. 4Q was objectively not great as VZ invested to win stronger than expected post-paid phone net adds and ‘transform’ the company to a customer-centric model which can sustain subscriber growth at current prices.
Verizon Delivers on 2025 Financial Guidance with Highest Quarterly Net...
Verizon Delivers on 2025 Financial Guidance with Highest Quarterly Net Adds Since 2019 Strong Fourth-Quarter Results and 2026 Guidance Reflect Impact of Bold Actions and Beginning of Verizon's Turnaround Key Highlights: More than 1 million total net additions across mobility and broadband, highest reported quarterly net additions since 2019, with 616,000 postpaid phone net additionsFrontier acquisition expands fiber access to over 30 million homes and businesses, accelerating national mobility and broadband convergence strategy NEW YORK, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Verizon Com...
- David Barden
AT&T: Only modest changes to estimates following 4Q results
Earlier today, we published our quick take on AT&T’s 4Q results and our note following the earnings call where we discussed some controversies heading into today’s results. This note focuses on the model update. Our subscriber estimate changes are modest. Revenue, EBITDA and FCF are slightly higher but within the guidance range. A full refresh reflecting the new reporting structure is forthcoming.
- David Barden
AT&T: That wasn’t such a scary start to US wireless results and guidan...
We shared our view of AT&T’s results this morning (note here). Results and guidance were solid. In this note following the earnings call and our multiple follow up conversations, we address key investor issues including 1) postpaid phone ARPU growth; 2) the pace of fiber deployment; 3) Internet Air net adds and ARPU growth; and 4) broadband ARPU growth. You see the trend, right? People care deeply about price and ARPU.
- David Barden
AT&T 4Q25 Quick Take: A reassuring start to 4Q results and initial ‘26...
AT&T reported 4Q results and guidance this morning which largely met or topped expectations. Given the concerns about interior industry competitive dynamics (ok, price war fears), the fact that ARPU and net adds and ‘26 guidance are all pretty much where they should be is a healthy place to start 4Q results season.
- David Barden
Wireless: Key controversies heading into US wireless 4Q25 results and ...
We can’t remember a time when investors were as nervous about wireless earnings as they are going into 4Q25 results. We think this concern is by and large overblown and we will all come out feeling consoled on the other side of this earnings cycle. In this short note, we discuss the key controversies impacting the wireless sector currently and our perspective.
Verizon to report earnings January 30, 2026
Verizon to report earnings January 30, 2026 NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2025 earnings on Friday, January 30, 2026. The company will present results and provide a business update on a webcast beginning at 8:00 a.m. Eastern Time. Access instructions and fourth-quarter 2025 materials, including Verizon’s press release and financial tables, will be available at 6:30 a.m. ET on Verizon’s Investor Relations website, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of c...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.