This company is a leading provider of telecommunications services, offering a diverse range of products and solutions for consumers, businesses, and government entities. It specializes in high-speed internet, mobile services, television, and voice services, striving to enhance connectivity and communication for its customers. Additionally, the company invests in infrastructure development to ensure reliable service delivery and expand access to its offerings, while also focusing on innovative technologies to meet the evolving needs of the digital landscape. Read More
Lumen’s second quarter was marked by a negative market reaction, as revenue declined and missed Wall Street’s expectations. Management attributed this underperformance to the $46 million one-time giveback related to the Rural Digital Opportunity Fund (RDOF) and persistent declines in legacy business lines. CEO Kate Johnson described the quarter as “a very productive” one, emphasizing the sale of the consumer fiber-to-the-home business to AT&T and progress on building the AI-ready network backbone. Management also highlighted ongoing cost reduction efforts and operational streamlining as key contributors to mitigating the impact of these headwinds.
AST Space Mobile's stock price is on track for higher highs but faces volatility due to the high short interest: upside potential may be limited in Q3.
AT&T (NYSE:T) shows strong breakout potential with a Technical Rating of 9 and Setup Rating of 8, signaling a bullish trend and consolidation phase. A breakout above $28.95 could trigger momentum.
Shares of office and call centre communications software provider RingCentral (NYSE:RNG)
jumped 25.6% in the afternoon session after the company reported better-than-expected second-quarter financial results, raised its full-year profit forecast, and received an analyst upgrade. The business communications provider announced revenue of $620 million and adjusted earnings of $1.06 per share, both of which beat Wall Street's forecasts. Based on the strong quarter, RingCentral lifted its full-year earnings guidance. The positive report prompted Oppenheimer to upgrade the stock to "Outperform" with a $35 price target. Adding to the good news, the company also achieved positive GAAP net income for the first time in its history and announced an expanded partnership with AT&T.
The S&P 500 (^GSPC) is often seen as a benchmark for strong businesses, but that doesn’t mean every stock is worth owning.
Some companies face significant challenges, whether it’s stagnating growth, heavy debt, or disruptive new competitors.
Shares of office and call centre communications software provider RingCentral (NYSE:RNG)
jumped 6.6% in the after-market session after the company announced an expanded partnership with AT&T, amid a broader rally in software stocks.
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, and AT&T (NYSE:T) today unveiled new additions to the AT&T Office@Hand portfolio. Introducing Office@Hand Contact Center, powered by RingCX™, RingCentral’s omnichannel AI-first contact center platform. Additionally, Office@Hand RingSense, powered by RingCentral, a conversational intelligence solution, is now available to customers. This solution analyzes what customers are calling about and revolutionizes AI-based coaching for sales and support teams to elevate their performance. These innovative tools blend RingCentral's trusted AI communications expertise with AT&T's reliable network, empowering businesses of all sizes to deliver exceptional customer experiences and enhance operational efficiency — all on a cost-effective, easy-to-implement platform.
Comcast (CMCSA) reports strong 2Q results with 2.1% Y/Y growth, adjusted EPS of $1.25, and $4.5B in free cash flow. Theme parks and media segments drive success.
