UBS maintains a 'Neutral' on Clearwire (CLWR); Adjusting Estimates & PT After Mgmt Meeting
Get Alerts CLWR Hot Sheet
Price: $4.99 --0%
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
UBS maintains a 'Neutral' on Clearwire (NASDAQ: CLWR) price target of $1.25 (from $2.25).
Analyst, John C. Hodulik, said, "Following g a recent management meeting with Clearwire, we see few catalysts in the next 3-6 months...We now expect 2Q wholesale net adds of 400K (prev. 700K) and 1.4M for 2012E (prev. 2.3M). Wholesale WiMAX revenues from Sprint (NYSE: S) are fixed at $450M/yr in 2012 and 2013; we project total 2Q revs of $313M (prev. $304M) and 2012E revs of $1.25B (prev. $1.20B). Adj EBITDA (less noncash items) for 2Q goes to -$106M (prev. -$75M); adj EBITDA is -$324M for 2012E (guidance - $250M to -$350M). Our 2012E EPS goes to -$1.53 from -$1.62, while 2013E goes to -$1.52 from -$1.32 and 2014E goes to -$1.43 from -$1.02."
For an analyst ratings summary and ratings history on Clearwire click here. For more ratings news on Clearwire click here.
Shares of Clearwire closed at $1.12 yesterday.
Analyst, John C. Hodulik, said, "Following g a recent management meeting with Clearwire, we see few catalysts in the next 3-6 months...We now expect 2Q wholesale net adds of 400K (prev. 700K) and 1.4M for 2012E (prev. 2.3M). Wholesale WiMAX revenues from Sprint (NYSE: S) are fixed at $450M/yr in 2012 and 2013; we project total 2Q revs of $313M (prev. $304M) and 2012E revs of $1.25B (prev. $1.20B). Adj EBITDA (less noncash items) for 2Q goes to -$106M (prev. -$75M); adj EBITDA is -$324M for 2012E (guidance - $250M to -$350M). Our 2012E EPS goes to -$1.53 from -$1.62, while 2013E goes to -$1.52 from -$1.32 and 2014E goes to -$1.43 from -$1.02."
For an analyst ratings summary and ratings history on Clearwire click here. For more ratings news on Clearwire click here.
Shares of Clearwire closed at $1.12 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Victrex Plc. (VCT:LN) (VTXPF) PT Lowered to GBP17.50 at Barclays
- QuantumScape (QS) PT Lowered to $6 at Truist Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!