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Communication
What happened to GTT Communications (GTT) stock on Friday?
July 03, 2021 04:12 AM AEST| By Kiran MuraliSummary The New York Stock Exchange suspended GTT Communications’ trading and started delisting proceedings. GTT Communications does not expect to file the restated statements and delayed filings before August 17. The stock, which return.....
BuzzFeed eyes US$1.5bn-valuation after SPAC deal
June 25, 2021 05:19 AM AEST| By Team Kalkine MediaNews, media, and entertainment company BuzzFeed Inc. has said that it is in talks for a stock listing via a SPAC merger. BuzzFeed expects a valuation of US$1.5 billion after the merger with 890 fifth Avenue Partners Inc., the company said on Thurs.....
GTT Communication (GTT) stock is rallying. A bounce back on cards?
June 25, 2021 12:27 AM AEST| By Kiran MuraliGTT Communications, Inc. (NYSE: GTT) stock jumped more than 25 percent on Thursday’s pre-market trading and continues its rally after the markets opened. The stock’s value more than doubled this month. However, the share price is down .....
Why is Globalstar Inc. (GSAT) trading high?
June 24, 2021 04:56 AM AEST| By Team Kalkine MediaSummary Globalstar Inc. (GSAT) has surged around 44% in the last five days. Mid-cap GSAT is trading in high volume for the past two days, possibly due to the Reddit WallStreetBets forum. Cash and Cash equivalent has grown almost 228% QoQ at th.....
Three Communication Stocks To Explore
June 11, 2021 03:35 AM AEST| By Team Kalkine MediaSummary Television operator Dish Network Corp recorded US$4.50 billion in revenue in Q1. Fox Corp. registered a net income of US$582 million in Q1 of 2021. Wireless service provider Verizon Communications’ revenue rose 2.4% YoY to US$7.8.....
Why Is AMC Entertainment Stock Trending?
May 18, 2021 11:45 AM AEST| By Team Kalkine MediaSummary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428.....
Why Is AMC Entertainment Stock Trending?
May 18, 2021 09:58 AM AEST| By Team Kalkine MediaSummary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428.....
AT&T To Combine WarnerMedia With Discovery In US$43B Deal
May 18, 2021 02:55 AM AEST| By Team Kalkine MediaSummary AT&T’s shareholders to hold 71 percent stake in the new company while Discovery shareholders will keep the rest. Discovery President and CEO David Zaslav will head the new global entertainment company. The deal, which got app.....
Disney Hits 103 Million Subscribers in Q2, Revenues Down 13%
May 16, 2021 04:07 AM AEST| By Team Kalkine MediaThe Walt Disney Company (NYSE: DIS) results for the second quarter ended April 3, 2021, was out on Friday. Its quarterly revenues were down 13% to US$15.6 billion, compared to US$18 billion in the quarter ended March 28, 2020. The company attribut.....
FuboTV Shares Rise On Record Q1 Revenue Growth
May 13, 2021 05:23 AM AEST| By Team Kalkine MediaSummary First quarter revenue and subscriber figures exceeded FuboTV’s estimate. Revenue grew 135 percent year over year to US$119.7 million. Subscribers in the first quarter doubled to 590,430. Full year 2021 revenue now anticipated to.....
Will These Three Entertainment Stocks Rally On Consumer Optimism?
May 11, 2021 05:57 AM AEST| By Team Kalkine MediaSummary Consumer spending has increased in recent weeks, raising hopes that recovery is moving in full steam ahead. Like other economy-sensitive sectors, the entertainment industry stands to benefit from an economic revival. Stocks of Chicken .....
Did Strong Tailwinds Push Roku & ViacomCBS Stocks Higher?
May 07, 2021 07:42 AM AEST| By Team Kalkine MediaSummary Roku’s (NASDAQ:ROKU) value jumped over 120% in the past 12 months as its video-streaming content sees growth. Roku to co-organize a major industry event in June called Tribeca X, where many top business leaders will discuss the fu.....
T-Mobile Revenues Up 78% As Subscribers Soar in Q1
May 05, 2021 10:53 AM AEST| By Team Kalkine MediaSummary T-Mobile revenues up 78% to US$19.76 billion in Q1 of 2021, boosted by its merger with Sprint. The stocks jumped 2.7% to nearly US$132 per share in after-hours trade following the results. The phone company added 773,000 subscribers in.....
Verizon To Sell Media Businesses Including Yahoo, AOL To Apollo For US$5B
May 04, 2021 06:12 AM AEST| By Team Kalkine MediaVerizon Communications Inc. (NYSE: VZ) said May 3 it agreed to sell the company’s media business including Yahoo and AOL to private equity firm Apollo Global Management, Inc. (NYSE: APO) for US$5 billion. The New York-based telecommunication.....
AT&T Shares Rally On Strong Q1 Wireless Subscriber Growth
April 23, 2021 10:59 AM AEST| By Team Kalkine MediaSummary CEO John Stankey said the addition of 595,000 postpaid phones was the best in the first quarter in more than ten years. WarnerMedia unit’s HBO Max and HBO added 2.7 million new more subscribers. AT&T’s consolidated reve.....
Why FuboTV Inc. (NYSE:FUBO) Is in Spotlight Today?
April 10, 2021 04:57 AM AEST| By Team Kalkine MediaSource:issaro prakalung, Shutterstock Summary FuboTV stocks jump 17 percent after securing streaming rights to World Cup qualifying matches. The deal gives the company streaming rights to 70 matches, including the World Cup qualifiers. The st...
Will 2021 Be Better Than 2020 For Telecom Stocks?
April 01, 2021 11:38 AM AEDT| By Team Kalkine MediaSource:Andrey_Popov, Shutterstock US telecommunication stocks saw a mixed performance in 2020. While some companies have seen robust growth, others struggled to keep up. For instance, the stocks of AT&T Inc. (NYSE:T) and Verizon Communications I...
Three Media & Entertainment stocks stealing the Show
February 24, 2021 07:34 PM AEDT| By Team Kalkine MediaSource: REDPIXEL.PL, Shutterstock In 2020, the media and entertainment industry witnessed a massive surge in demand amid COVID-19-induced lockdowns as restrictions forced everyone to stay indoors. The soaring demand served as a bonanza for streaming...
