On Wednesday, Shares of Frontier Communications Corporation (NASDAQ:FTR), lost -1.20% to $5.36.
Frontier Communications Corporation declared that it has reached a new $1.5 billion senior secured delayed-draw term loan facility. The loan will be drawn upon the closing of Frontier’s acquisition of Verizon Communications Inc.’s wireline operations in California, Florida and Texas, which is predictable at the end of March 2016. Frontier accomplished the equity portion of its financing plan for this acquisition with a $2.75 billion dual-tranche equity offering in June 2015.
Vetr lowered shares of Frontier Communications from a buy rating to a hold rating in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. Vetr presently has $5.74 target price on the stock.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Shares of Analog Devices, Inc. (NASDAQ:ADI), inclined 0.83% to $58.38, during its last trading session, following August 18 release of the company’s third quarter earnings results.
ADI declared that the Board of Directors has declared a cash dividend of $0.40 per outstanding share of common stock. The dividend will be paid on September 9, 2015 to all shareholders of record at the close of business on August 28, 2015.
Results for the Third Quarter of Fiscal Year 2015
- Revenue totaled $863 million, up 5% sequentially, and up 19% year-over-year
- GAAP gross margin of 65.9% of revenue; Non-GAAP gross margin of 66.1% of revenue
- GAAP operating margin of 30.7% of revenue; Non-GAAP operating margin of 34.2% of revenue
- GAAP diluted EPS of $0.68; Non-GAAP diluted EPS of $0.77
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide.
Finally, Windstream Holdings, Inc. (NASDAQ:WIN), ended its last trade with -3.38% loss, and closed at $6.29.
Windstream Holdings declared the availability of its Fixed Wireless solution in Philadelphia, Pa., providing a high-speed access alternative to businesses looking for even more robust network connectivity.
Windstream’s Fixed Wireless is a technology solution for carrier-grade Ethernet and Internet-over-Ethernet connectivity delivered by digital microwave technology, and is presently offered in Chicago, Ill., New York, N.Y., Northern New Jersey, N.J., Milwaukee, Wis., and Boston, Mass.
Windstream’s Fixed Wireless supports Ethernet Virtual Private Line (EVPL) or Multiprotocol Label Switching (MPLS) networks with Quality of Service (QoS) and delivers scalable bandwidth for speeds up to 1Gps, in addition to terrestrial diversity. With the use of digital microwave technology, Windstream externally installs a microwave radio on rooftops of business building to beam transmissions from one radio to another, delivering fast, reliable and secure business-grade Internet that does not interfere with buried utilities.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
