Shares of Sprint Corp (NYSE:S) ended Wednesday session in green amid volatile trading. The shares closed up +0.16 points or 2.50% at $6.36 with 21.45 million shares getting traded. Post opening the session at $6.30, the shares hit an intraday low of $6.23 and an intraday high of $6.45 and the price vacillated in this range throughout the day. The company has a market cap of $23.63 billion and the numbers of outstanding shares have been calculated to be 3.98 billion shares.
Sprint Corp (S) on September 20, 2016 announced a new campaign aimed at getting more customers in the New York metropolitan area to switch to Sprint. The “Go Big” campaign comes after the company has made significant investment in New York City to improve its network, offer customers unbeatable value and create an incredible customer experience.
During the past few months, the company has made strong increases against important wireless industry metrics including market share, subscribers, device sales, customer experience and network performance. The kick-off of the New York-centric campaign includes new advertising throughout the city, including some of its most iconic locations, an employee rally and the ringing of The Opening Bell® at the New York Stock Exchange.
“There’s only one New York and New Yorkers deserve the best Sprint has to offer,” said Marcelo Claure, Sprint CEO. “A few months ago we created a dedicated team on the ground in New York to understand the needs of New Yorkers and win locally. The New York market is critical to our success and I’m so proud of the entire team for what they accomplished in such a short time. We’re not satisfied so we’re doubling down on our efforts in the Big Apple.”
Shares of Applied Materials, Inc. (NASDAQ:AMAT) ended Wednesday session in green amid volatile trading. The shares closed up +0.18 points or 0.59% at $30.57 with 21.29 million shares getting traded. Post opening the session at $30.43, the shares hit an intraday low of $30.00 and an intraday high of $30.67 and the price vacillated in this range throughout the day. The company has a market cap of $33.14 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On Sept. 21, 2016 Applied Materials, Inc. detailed its innovation leadership strategy to drive sustainable growth and announced target non-GAAP adjusted earnings per share of $2.45 to $3.17 for fiscal 2019, with a midpoint of $2.80. This would represent compound earnings growth of approximately 17 percent over the next three years.
Applied highlighted how the semiconductor industry’s major transition from lithography-based scaling to materials-enabled scaling has increased Applied’s addressable opportunity from 53 percent of WFE spending in calendar 2012 to an estimated 63 percent this year. With the broadest portfolio of materials engineering technologies and its unique Product Development Engine process, Applied now expects to achieve a 4-point gain in its share of WFE spending and nearly double its display business, from 2012 through 2016. By delivering enabling service products to support customers as they make these challenging technology transitions, the company expects to grow its services business revenue by $600 million from fiscal 2013 through 2016.
“Our innovation leadership strategy, combined with the breadth and depth of our materials engineering capabilities, puts Applied in a unique position to sustainably outperform our markets,” said Gary Dickerson, president and CEO. “Over the past few years, we strengthened our organization and processes while increasing investment in R&D, so that we see opportunities earlier, develop winning products faster and are delivering increased value for customers and shareholders.”
“We are raising the ceiling on our financial model based on our confidence that we have the right capability, strategy and operating model to deliver sustainable growth in the near and long term,” said Robert Halliday, senior vice president and CFO.