La cadena de opciones muestra datos clave de las opciones de acciones de AT&T a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para AT&T..

AT&T (NYSE:T) Bolsa, Cadena de Opciones

AT&T

The wireless business contributes nearly 70% of AT&T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 16% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.

AT&T Inc

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AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) shares are trading lower by roughly 1% to $21.55 Tuesday. Traders and investors are also watching for the company&#8217;s <a href="https://www.benzinga.com/insights/earnings/24/10/41454863/uncovering-potential-at-ts-earnings-preview">third-quarter earnings report</a>, which is confirmed for Wednesday&#8217;s pre-market session.
According to analyst consensus estimates for the third quarter, AT&amp;T is expected to report EPS of 57 cents on revenue of $30.44 billion.
What To Know: Investors will be keen to see if AT&amp;T can deliver on its guidance for the full fiscal year, which includes wireless service revenue growth in the 3% range and broadband revenue growth of more than 7%.
The company in its second-quarter earnings release reiterated its expectations for adjusted EPS of $2.15 to $2.25 for the year and free cash flow in the range of $17 billion to $18 billion.
In the second quarter, AT&amp;T reported operating revenues of $29.8 billion, a <a href="https://www.benzinga.com/news/earnings/24/07/39929205/at-t-q2-earnings-strong-wireless-net-adds-higher-free-cash-flow-stable-annual-outlook">slight year-over-year decline</a> of 0.4% that narrowly missed analyst expectations of $29.9 billion. 
Despite the revenue miss, the company's adjusted EPS of 57 cents was in line with estimates, providing some stability for investors, and leading to a post-earnings stock price gain.
AT&amp;T's Mobility segment, which continues to be a growth engine for the company, added 997,000 wireless net subscribers in the second quarter, a significant beat over estimates. This included 419,000 postpaid phone net additions, which comfortably surpassed analyst expectations of 279,000.
The telecom giant's strategy to target budget-conscious consumers appears to be paying off, as postpaid churn improved to 0.85%, down from 0.95% a year ago.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41451229/general-motors-q3-earnings-revenue-and-eps-beat-raises-annual-profit-outlook-on-growing-consumer-de">General Motors Q3 Earnings: Revenue And EPS Beat, Raises Annual Profit Outlook On Growing Consumer Demand</a>
Consumer Services In Focus: AT&amp;T's Fiber broadband performance in the Consumer Wireline segment was a mixed bag for the second quarter. The company added 239,000 AT&amp;T Fiber subscribers, falling short of analyst estimates of 253,000. 
In a more promising development, AT&amp;T's Internet Air service garnered 139,000 net additions, adding another layer to the company's broadband expansion efforts.
In terms of profitability, AT&amp;T&#8217;s adjusted EBITDA rose to $11.3 billion from $11.1 billion a year ago, reflecting slight growth in operating performance. The Mobility segment's operating income increased 1.6% year-over-year to $6.72 billion, with an operating margin of 32.8%, up from 32.6% in the same period last year.
On the capital expenditure front, AT&amp;T spent $4.4 billion in second quarter, demonstrating its continued focus on network expansion, particularly in 5G and fiber infrastructure. The company generated $9.1 billion in operating cash flow, a decrease from the $9.9 billion it posted a year ago. 
Free cash flow improved to $4.6 billion from $4.2 billion in the prior year, supported by careful expense management. The improvement in free cash flow is significant, given the company's generous 6.10% dividend yield, which remains a key attraction for income-focused investors.
What Else: As AT&amp;T approaches its third quarter results Wednesday, the key questions for investors will revolve around the company's ability to sustain subscriber growth in its Mobility segment, address the ongoing challenges in the Business Wireline division and continue its push to expand fiber broadband coverage. 
Shareholder returns, supported by robust free cash flow, will also remain in focus, as the company balances its investment in network capabilities with maintaining its attractive dividend yield.
Read Also: <a href="https://www.benzinga.com/markets/bonds/24/10/41455678/gold-on-track-for-best-year-since-1979-veteran-investor-says-sell-bonds-buy-gold">Gold On Track For Best Year Since 1979: Veteran Investor Says &#8216;Sell Bonds, Buy Gold&#8217;</a>
<h2 class="wp-block-heading">How To Buy T Stock</h2>
By now you're likely curious about how to participate in the market for AT&amp;T, be it to purchase shares or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share. For example, some stock, such as Berkshire Hathaway or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you.
In the case of AT&amp;T, which is trading at $21.55 on Tuesday at publication, $100 would buy you 4.67 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> 
Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading — either way it allows you to profit off of the share price decline.
Photo: <a href="https://pixabay.com/users/jeshoots-com-264599/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=410311">Jan Vašek</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=410311">Pixabay</a>

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AT&T Q3 Earnings Preview: Can Subscriber Growth Continue After Strong Q2 Performance?

AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect AT&amp;T to report an earnings per share (EPS) of $0.57.
The announcement from AT&amp;T is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company missed EPS by $0.00, leading to a 0.16% increase in the share price the following trading session.
Here's a look at AT&amp;T's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.57</td>
<td>0.50</td>
<td>0.56</td>
<td>0.59</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.57</td>
<td>0.55</td>
<td>0.54</td>
<td>0.64</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-1.0%</td>
<td>3.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729605669_0.png" alt="eps graph" />
<h3>Tracking AT&amp;T's Stock Performance</h3>
Shares of AT&amp;T were trading at $21.66 as of October 21. Over the last 52-week period, shares are up 39.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on AT&amp;T</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on AT&amp;T.
The consensus rating for AT&amp;T is Outperform, derived from 11 analyst ratings. An average one-year price target of $22.82 implies a potential 5.36% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Verizon Communications, Frontier Communications and Shenandoah, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Verizon Communications is favoring an Neutral trajectory, with an average 1-year price target of $47.03, suggesting a potential 117.13% upside.</li>
<li>Frontier Communications received a Buy consensus from analysts, with an average 1-year price target of $36.14, implying a potential 66.85% upside.</li>
<li>Shenandoah is maintaining an Buy status according to analysts, with an average 1-year price target of $26.0, indicating a potential 20.04% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
In the peer analysis summary, key metrics for Verizon Communications, Frontier Communications and Shenandoah are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>AT&amp;T</td>
<td>Outperform</td>
<td>-0.40%</td>
<td>$18.36B</td>
<td>3.38%</td>
</tr>
<tr>
<td>Verizon Communications</td>
<td>Neutral</td>
<td>0.61%</td>
<td>$20.32B</td>
<td>4.82%</td>
</tr>
<tr>
<td>Frontier Communications</td>
<td>Buy</td>
<td>2.66%</td>
<td>$950M</td>
<td>-2.37%</td>
</tr>
<tr>
<td>Shenandoah</td>
<td>Buy</td>
<td>28.74%</td>
<td>$51.26M</td>
<td>-1.43%</td>
</tr>
</tbody>
</table>

Key Takeaway:
AT&amp;T ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. AT&amp;T is at the bottom for Return on Equity.
<h3>Discovering AT&amp;T: A Closer Look</h3>
The wireless business contributes nearly 70% of AT&amp;T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 16% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&amp;T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
<h3>Breaking Down AT&amp;T's Financial Performance</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: AT&amp;T's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -0.4%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: AT&amp;T's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.9% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): AT&amp;T's ROE excels beyond industry benchmarks, reaching 3.38%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): AT&amp;T's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.89%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.4, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/T/earnings">To track all earnings releases for AT&amp;T visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: AT&T's Earnings Preview

WIIM

AT&T shares are trading lower in sympathy with Verizon, which fell after reporting mixed Q3 financial results.

Deep-pocketed investors have adopted a bullish approach towards AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in T usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for AT&amp;T. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 22% bearish. Among these notable options, 11 are puts, totaling $1,312,199, and 7 are calls, amounting to $273,283.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $25.0 for AT&amp;T over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in AT&amp;T's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to AT&amp;T's substantial trades, within a strike price spectrum from $15.0 to $25.0 over the preceding 30 days.
<h3>AT&amp;T Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729539940_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>T</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$5.55</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$25.00</td>
<td>$480.0K</td>
<td>711</td>
<td>1.0K</td>
</tr>
<tr>
<td>T</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$4.95</td>
<td>$4.85</td>
<td>$4.85</td>
<td>$25.00</td>
<td>$242.5K</td>
<td>711</td>
<td>1.2K</td>
</tr>
<tr>
<td>T</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$3.15</td>
<td>$3.05</td>
<td>$3.1</td>
<td>$22.00</td>
<td>$155.0K</td>
<td>137</td>
<td>502</td>
</tr>
<tr>
<td>T</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.9</td>
<td>$0.87</td>
<td>$0.87</td>
<td>$22.00</td>
<td>$87.0K</td>
<td>6.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>T</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$0.94</td>
<td>$0.92</td>
<td>$0.92</td>
<td>$22.00</td>
<td>$67.8K</td>
<td>6.8K</td>
<td>1.7K</td>
</tr>
</tbody>
</table>

<h3>About AT&amp;T</h3>
The wireless business contributes nearly 70% of AT&amp;T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 16% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&amp;T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
<h3>AT&amp;T's Current Market Status</h3>
<ul>
<li>With a volume of 18,643,191, the price of T is down -0.57% at $21.73. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 2 days.</li>
</ul>
<h3>What Analysts Are Saying About AT&amp;T</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $27.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Tigress Financial keeps a Buy rating on AT&amp;T with a target price of $30. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on AT&amp;T, which currently sits at a price target of $25. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for AT&amp;T with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

This Is What Whales Are Betting On AT&T

As Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) prepare to release their third quarter earnings, the stage is set for a head-to-head clash between the <a href="https://www.benzinga.com/quote/T/news">two telecom giants</a>. 
Verizon reports Tuesday with analysts expecting $1.18 EPS and $33.43 billion in revenue, while AT&amp;T follows up on Wednesday with consensus estimates of 57 cents EPS and $30.44 billion in revenue. 
Both companies have seen significant year-to-date stock recoveries, but who's leading the charge as they head into their respective earnings calls?
<h2 class="wp-block-heading">Verizon: Spectrum Play Meets Bullish Sentiment</h2>
Verizon's year-to-date gains of 12.67% may pale in comparison to AT&amp;T, but the technical signals surrounding Verizon stock are flashing green. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125659/Screenshot-2024-10-21-at-10.26.28-PM.png" alt="" class="wp-image-605730" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125659/Screenshot-2024-10-21-at-10.26.28-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125659/Screenshot-2024-10-21-at-10.26.28-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Verizon stock, currently trading at $43.81, is supported by its eight-day simple moving average (SMA) of $43.55. Its 50-day SMA of $42.96 and 200-day SMA of $41.05 indicate a bullish trend in the near term.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125704/Screenshot-2024-10-21-at-10.25.34-PM.png" alt="" class="wp-image-605731" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125704/Screenshot-2024-10-21-at-10.25.34-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125704/Screenshot-2024-10-21-at-10.25.34-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
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The Moving Average Convergence/Divergence (MACD) sits at 0.12, indicating bullish momentum, although the Relative Strength Index (RSI) of 51.77 suggests a slightly overbought status. While Verizon's technical outlook remains positive, its recent acquisition of spectrum licenses from United States Cellular Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) for $1 billion is likely to boost future growth, keeping the company in a strong competitive stance.
But the stock is teetering on its 20-day SMA of $44.12, giving some analysts pause ahead of earnings. Verizon will need to deliver solid financials on Tuesday to maintain its upward trend, particularly with its recent $3.3 billion deal to lease wireless towers across the U.S., adding long-term operational strength.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41426018/how-to-earn-500-a-month-from-verizon-stock-ahead-of-q3-earnings-results">How To Earn $500 A Month From Verizon Stock Ahead Of Q3 Earnings Results</a>
<h2 class="wp-block-heading">AT&amp;T: Strikes Behind, Stock Surge Ahead?</h2>
AT&amp;T has rebounded in a big way, with its stock up 26.23% year-to-date. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125737/Screenshot-2024-10-21-at-10.26.19-PM.png" alt="" class="wp-image-605734" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125737/Screenshot-2024-10-21-at-10.26.19-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125737/Screenshot-2024-10-21-at-10.26.19-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
At a current price of $21.78, AT&amp;T has firmly planted itself above its eight-day SMA ($21.55), 20-day SMA ($21.73) and 50-day SMA ($20.98), indicating solid buying momentum. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125756/Screenshot-2024-10-21-at-10.25.46-PM.png" alt="" class="wp-image-605736" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125756/Screenshot-2024-10-21-at-10.25.46-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21125756/Screenshot-2024-10-21-at-10.25.46-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102124&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Like Verizon, AT&amp;T is also benefiting from bullish technical signals, including a MACD of 0.16. The stock is trading in the upper range of its Bollinger Bands, signaling strong bullish momentum that aligns with the positive outlook from many analysts.
Additionally, AT&amp;T recently ratified agreements with the CWA, covering over 23,000 employees, and ensuring long-term labor peace. With a 19% wage increase locked in for Southeast employees, the carrier is laying the groundwork for steady operations—key as it gears up for its earnings. 
However, the long-term question remains: can AT&amp;T maintain its stock surge in the face of rising competition and slower 5G growth?
<h2 class="wp-block-heading">Who Takes The Earnings Crown?</h2>
With both companies positioned in bullish territory, the deciding factor may ultimately hinge on their upcoming earnings performance.
Verizon&#8217;s spectrum deals and wireless tower agreements may offer longer-term strategic advantages, but AT&amp;T's strong labor agreements and impressive stock performance show it's not backing down from the fight.
As both telecom giants report earnings this week, investors will be watching closely to see who will come out on top. Will Verizon's strategic moves win out, or will AT&amp;T's stock momentum carry it to new heights?
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41434408/whats-going-on-with-at-t-verizon-and-t-mobile-shares-monday">What&#8217;s Going On With AT&amp;T, Verizon And T-Mobile Shares Monday?</a></li>
</ul>
Photo: Jason Taylor AG and refrina/Shutterstock.com

Technicals

Trading Ideas

Verizon Vs. AT&T: Wireless Giants Brace For Q3 Earnings Face-Off

AT&amp;T, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Verizon Communications, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) shares are in the spotlight Monday with each company set to release earnings <a href="https://www.benzinga.com//node/41426018">this week.</a>
What To Know: Verizon will be the first of the telecom giants to release earnings, with the announcement expected on Tuesday before the market opens. Analysts are anticipating EPS of $1.18 and revenue of $33.43 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
In the company&#8217;s latest quarter, Verizon reported revenue of $32.79 billion and EPS of $1.15, which was largely in line with estimates.
Scotiabank analyst Maher Yaghi maintained a Sector Perform rating on Verizon and raised the price target from $46.50 to $47.25 at the end of last week.
AT&amp;T and T-Mobile will release earnings on Wednesday. AT&amp;T is scheduled to report before the market opens, while T-Mobile is set to report after the market closes. 
Analysts expect AT&amp;T to report EPS of 57 cents and revenue of $30.44 billion. In the second quarter, AT&amp;T reported revenue of $29.79 billion and EPS of 57 cents. 
At the end of last quarter, AT&amp;T had more than 27.8 billion customer and business locations with fiber and was on track to exceed 30 billion locations with fiber by the end of 2025.
Wells Fargo analyst Eric Luebchow maintained an Overweight rating on AT&amp;T last week and raised the price target from $22 to $25 ahead of earnings. 
AT&amp;T on Friday said its union workers represented by the Communications Workers of America voted to ratify two collective bargaining agreements, covering about 23,000 employees.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41417379/nvidia-stock-is-up-over-233-in-the-past-year-and-tech-bulls-say-it-could-go-even-hi">Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: &#8216;…You&#8217;ll See The Stock Double Over The Next Several Years&#8217;</a>
Finally, analysts expect T-Mobile to report revenue of $20 billion and EPS of $2.42. In its most recent quarter, the company reported EPS of $2.28 and revenue of $19.7 billion. T-Mobile also raised guidance for its 2024 postpaid net customer growth.
Scotiabank analyst Maher Yaghi downgraded T-Mobile on Friday from Sector Outperform to Sector Perform and raised the price target from $215.50 to $236. Earlier this month, Raymond James raised its price target from $208 to $221.
Price Action: At the time of publication, AT&amp;T shares were down 0.34% at $21.78, Verizon shares were down 0.43% at $43.80 and T-Mobile shares were down 0.06% at $223.07, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Shutterstock.

Movers

TMUS

What's Going On With AT&T, Verizon And T-Mobile Shares Monday?

Goldman Sachs has issued a stark warning for U.S. equity investors, predicting significantly lower returns for the S&amp;P 500 over the next decade due to historically high <a href="https://www.benzinga.com/topic/magnificent-7">levels of market concentration. </a>
The firm's analysts, including David J. Kostin and Ben Snider, highlight that the current concentration in the U.S. stock market is the highest it has been in the past century, which they believe could weigh heavily on long-term index returns.
Market concentration currently ranks &#8220;near the highest level in 100 years,&#8221; analysts warned, adding that their &#8220;S&amp;P 500 baseline 10-year return forecast is lower than the estimates of other market participants.&#8221;&nbsp;
<h3 class="wp-block-heading">Long-Term Return Forecast: Only 3% Annually Over the Next Decade</h3>
Goldman Sachs forecasts that the S&amp;P 500 will deliver an annualized nominal total return of just 3% over the next 10 years—placing it in the 7th percentile of historical returns since 1930. Adjusting for inflation, the real return is expected to be around 1%. 
This projection stands in stark contrast to the past decade, where the S&amp;P 500 delivered a robust 13% annualized total return, placing it in the 58th historical percentile.
&#8220;The current extremely high level of market concentration is one of the main drags on our return forecast,&#8221; analysts wrote in their report.
If the current high level of market concentration were excluded from the model, the firm&#8217;s baseline forecast would improve by 4 percentage points, yielding a 10-year return estimate of 7%, which would rank in the 22nd historical percentile.
<h3 class="wp-block-heading">The Impact of Market Concentration on Returns</h3>
The extreme market concentration—driven by a handful of mega-cap companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)—means that the performance of the S&amp;P 500 is increasingly dependent on the fortunes of a small number of firms. 
&#8220;When equity market concentration is high, the performance of the aggregate index is strongly dictated by the prospects of a few stocks,&#8221; Goldman Sachs explained.
Historically, it has been challenging for any firm to sustain high levels of sales growth and profitability over long periods. As growth decelerates for these market leaders, overall earnings growth for the index tends to slow down, pulling down returns.
Another major risk is government regulation, which has previously caused growth slowdowns for dominant firms.
Goldman Sachs highlighted historical examples where regulation led to a decline in market dominance:
<ul>
<li>International Business Machine Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>): In 1969, IBM faced a government lawsuit that weighed on its valuations. Though the lawsuit was dropped in 1982, the company's growth slowed afterward.</li>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>): The telecom giant faced a breakup order in 1982 following a lawsuit filed in 1974, which led to slower growth. However, AT&amp;T's valuations initially rose after the breakup.</li>
<li>Microsoft: In 1998, Microsoft faced antitrust lawsuits that led to a settlement in 2000. The tech giant's growth and valuations suffered for a significant portion of the following decade.</li>
</ul>
<h3 class="wp-block-heading">Equal-Weighted S&amp;P 500 Index May Outperform, Bonds To Pose A Growing Appeal</h3>
Given the risks of high market concentration, Goldman Sachs anticipates that the S&amp;P 500 equal-weighted index, which gives each stock the same weight regardless of size and is tracked by the Invesco S&amp;P 500 Equal Weighted ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), could outperform the traditional market cap-weighted index (where larger companies have more weight) over the next decade. 
They estimate the equal-weighted index could surpass the cap-weighted index by an annualized margin of 200 to 800 basis points (2-8%).
Adding to the challenges facing the S&amp;P 500, Goldman Sachs predicts that stocks will face increasing competition from bonds in the years ahead. 
With the current 10-year U.S. Treasury yield around 4% and inflation expectations of 2.2% over the next decade, Goldman Sachs estimates that the S&amp;P 500 has a 72% probability of underperforming bonds over the next 10 years.
Furthermore, the analysts give the S&amp;P 500 a 33% chance of underperforming inflation during this period.
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season">Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season</a></li>
</ul>
Image: Shutterstock

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Large Cap

Bonds

Broad U.S. Equity ETFs

Federal Reserve

Tech

ETFs

AAPL

AMZN

GOOGL

MSFT

NVDA

Rydex ETF Trust Rydex S&P Equal Weight ETF

Goldman Sachs Predicts Bleak Long-Term S&P 500 Returns As Market Concentration Hits 'Highest Level In 100 Years'

<ul>
<li>AT&amp;T ratifies agreements with the Communications Workers of America (CWA) in the Southeast and West, covering about 23,000 employees.</li>
<li>AT&amp;T is proud to be the largest employer of union-represented employees in the U.S. telecommunications industry.</li>
<li>AT&amp;T&#39;s labor agreements support the company&#39;s commitment to employees&#39; total wellbeing by providing wages and benefits that are among the best in the nation.</li>
</ul>

Reported Friday, AT&T Ratifies Labor Agreements With CWA, Covering 23,000 Employees Across Southeast And West Region

Nokia Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) stock rebounded Friday from Thursday&#8217;s selloff, as its quarterly report failed to impress the Street.
The Finnish telecom company clocked a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41377782/nokia-q3-earnings-miss-ceo-cites-telecom-weakness-and-anticipates-india-demand-rebound" rel="noreferrer noopener">fiscal third-quarter</a> net sales decline of 8% to $4.76 billion), missing the consensus estimate of&nbsp;$5.34 billion. The topline decline marked weakness in the Indian market.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41326902/ericsson-q3-earnings-gains-from-at-t-boost-ceo-signals-north-american-recovery" rel="noreferrer noopener">Ericsson Q3 Earnings: Gains From AT&amp;T Boost, CEO Signals North American Recovery</a>
Nokia&#8217;s market share in North America dropped after losing contracts with Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>).
CEO Pekka Lundmark told Reuters that telecom remains a limited growth market for Nokia despite some recovery. Lundmark highlighted that Nokia is now focusing on the data center and defense sectors for growth.
He also pointed to a demand rebound in India, supported by the Vodafone Idea deal and a possible contract with Bharti Airtel.
Meanwhile, Nokia has slashed around 2,000 employees across Greater China and 350 jobs across Europe to cut costs, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-17/nokia-cuts-almost-2-000-china-jobs-amid-difficult-telecom-market?sref=TBDibEcD" rel="noreferrer noopener">cites</a> familiar sources.
The cost cuts are part of Nokia&#8217;s plans to slash up to 14,000 jobs to save 800 million euros ($868 million)-1.2 billion euros by 2026, Reuters reports.
Reuters cites Nokia&#8217;s annual report as stating that as of December 2023, it had 10,400 employees in Greater China and 37,400 in Europe.
The U.S. sanctions on Chinese smartphone giant Huawei Technologies Co cost Nokia its China market, which generated 27% of its sales in 2019, as per Reuters. Greater China generated 6% of Nokia&#8217;s sales in the current quarter.
Chinese operators retaliated against the U.S. embargo by snubbing European equipment. Nokia already sold part of a joint venture with Huawei in China in 2024.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40849328/networking-giant-nokia-seeks-new-ceo-amid-declining-sales-and-subdued-share-price" rel="noreferrer noopener">Prior reports indicated</a> Nokia&#8217;s plans to replace Lundmark because he failed to drive revenue for the company. However, the company snubbed the report and acknowledged their faith in Lundmark&#8217;s leadership.
Price Action: NOK stock is up 9.01% at $4.73 at the last check on Friday.
Also Read:
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<li><a href="https://www.benzinga.com/markets/24/10/41319571/starbucks-shifts-strategy-fewer-deals-more-focus-on-quality-coffee-and-holiday-favorites" target="_blank" rel="noreferrer noopener">Starbucks Shifts Strategy: Fewer Deals, More Focus on Quality Coffee and Holiday Favorites</a></li>
</ul>
Photo via Nokia

Media

What's Going On With Nokia Stock On Friday?

Nokia Corp&nbsp;(NYSE: NOK)&nbsp;reported a fiscal third-quarter net sales decline of 8% year-on-year (7% in constant currency) to 4.33 billion euros ($4.76 billion), missing the analyst consensus estimate of&nbsp;<a target="_blank" href="https://www.nokia.com/about-us/investors/" rel="noreferrer noopener">$5.34 billion</a>.
The comparable EPS was $0.07 (0.06 euros), compared to the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.08</a>.&nbsp;The stock slid after the quarterly print.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41326902/ericsson-q3-earnings-gains-from-at-t-boost-ceo-signals-north-american-recovery" rel="noreferrer noopener">Ericsson Q3 Earnings: Gains From AT&amp;T Boost, CEO Signals North American Recovery</a>
The topline decline reflects weakness in the Indian market.
The reported net income is 175 million euros, up from 133 million&nbsp;euros a year&nbsp;ago. Comparable net profit was 358 million euros, up from 293 million euros a year earlier.
Network Infrastructure sales increased by 1% year over year in CC. Cloud and Network Services sales decreased by 4% year over year in CC due to the divestment of the Device Management and Service Management Platform businesses.
Nokia Tech sales climbed by 35% year over year in CC, driven mainly by signing patent license agreements with Oppo and Vivo.
Mobile Network sales declined by 17% year over year in CC, driven by a decrease in India.
Margins: Gross margin climbed by 500 bps to 45.2%, and comparable gross margin improved by 490 bps to 45.7%. The margins mainly reflected an improvement in Mobile Networks.
The operating margin increased by 70 bps to 5.7%, and the comparable operating margin improved by 160 bps to 10.5%, mainly due to higher gross margin and continued cost control.
In the third quarter, Nokia&nbsp;held 5.5 billion euros in net cash and generated 0.6 billion euros in free cash flow.
Dividend: The Board resolved to distribute a dividend of 0.03 euros per share.
CEO Pekka Lundmark expects a significant acceleration in growth in the fourth quarter in Network Infrastructure. In Mobile Networks, it secured several vital deals in the quarter. In Cloud and Network Services, the company noted momentum in 5G Core and substantial progress in network automation, cloudification, and enabling network APIs. He added that Nokia Technologies continues to benefit from more excellent stability following the conclusion of its smartphone renewal cycle and is making good progress in expanding into new growth areas.
Nokia&#8217;s market share declined in North America after it lost contracts with Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Reuters reports. Lundmark told Reuters that telecom would never be a huge growth market for Nokia despite the recovery, which was weaker than expected. Nokia&#8217;s total addressable market in telecom is $84 billion, he told Reuters.
As per Lundmark, Nokia has been targeting the data center and defense sectors to boost growth.
Lundmark flagged to Reuters demand recovery in India backed by the Vodafone Idea&nbsp;deal <a target="_blank" href="https://www.benzinga.com/news/24/10/41366665/whats-going-on-with-nokia-stock" rel="noreferrer noopener">and a potential</a> Bharti Airtel contract.
FY24 Outlook: Nokia&nbsp;expects (6)%–(3)% (prior (2)%–3%) growth for Network Infrastructure sales, (22)%–(19)% (prior (19)%–(14)%) change in Mobile Networks sales, and (7)%–(4)% (prior (5)%–0%) change in Cloud and Network Services sales.
Nokia reiterated a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39834407/nokias-q2-earnings-record-low-revenue-as-5g-investment-slows-annual-outlook-cut-stock-slides" rel="noreferrer noopener">comparable operating profit</a> of between 2.3 billion euros and 2.9 billion euros and free cash flow conversion from a comparable operating profit of 30%—60%.
The&nbsp;fiscal 2024 revenue and&nbsp;adjusted EPS consensus&nbsp;are <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$22.22 billion</a> and $0.37.
Nokia stock is up 28% in the last 12 months.
Price Action: NOK stock is down 5.16% at $4.23 premarket at the last check on Thursday.
Image: Nokia
Also Read:
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<li><a href="https://www.benzinga.com/government/24/10/41365885/lenovos-ai-push-grows-with-meta-nvidia-collaboration-outside-china" target="_blank" rel="noreferrer noopener">Lenovo&#8217;s AI Push Grows with Meta, Nvidia Collaboration Outside China</a></li>
</ul>

Guidance

Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound

Most investors inconsistently view quarterly earnings as a catalyst for stock prices upon the news release. They often find themselves trapped in the volatility of sudden moves and face the risk of large&mdash;or total, in the case of options&mdash;losses if the direction of the stock after the announcement goes the wrong way.
There is a way to somewhat accurately predict where a stock could go after earnings announcements or to see where broader markets are betting these stocks could go on the event. Keeping the saying &quot;it must be expensive for a reason&quot; in mind can be useful for investors in these scenarios, likewise for cheapness. Here are three stocks becoming &lsquo;expensive&#39; before they report earnings this month and why markets are willing to pay.
Aerospace and defense stock Lockheed Martin Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), wireless and communications provider T-Mobile US Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>), and even technology stock CoStar Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csgp#NASDAQ">CSGP</a>) are some of the stocks reporting their subsequent quarrel earnings this month, and they all share the common factor of commanding valuation premiums compared to their peers. This is why markets might be willing to overpay for these stocks ahead of their announcements.
<h2>Lockheed Martin Positioned for Strong Quarter as Middle East Conflicts Drive Rising Arms Demand</h2>
As conflicts in the Middle East arise and escalate, the United States and its military allies will have to call upon domestic arms manufacturers like Lockheed Martin to help control and handle these situations accordingly, creating new demand for contracts in the company.
Investors can see this trend taking on momentum through a government contract database, spotting a new inflow of up to $599 million worth of government contracts going to Lockheed Martin to prepare responses against these conflicts, something markets are starting to bet on as the possibility of optimistic guidance and maybe even an earnings beat.
Knowing that a strong quarter is likely, markets are now willing to pay up to 21.5x the price-to-book (P/B) ratio, which is a significant premium over the rest of the aerospace sector&#39;s average valuation of 5.6x today. The optimism doesn&#39;t stop there for Lockheed Martin stock, though; others on Wall Street share the same bullish view.
Analysts at Citigroup decided to reiterate their &quot;Buy&quot; rating for the stock as recently as October 2024, this time seeing a price valuation of up to $700 a share. To prove these new views right, Lockheed Martin would need to rally by as much as 14.4% from where it trades today, not to mention a new 52-week high price for the company.
Lastly, investors can see signs of bearish capitulation in the face of all this bullish sentiment and evidence, as Lockheed Martin stock&#39;s short interest declined by as much as 18.8% over the past month alone, leaving room for new bulls to come in before the earnings are out.
<h2>T-Mobile Stock Gains New Premium as Subscription Business Strengthens</h2>
During times of higher inflation, such as today, and especially during economic uncertainty, businesses with subscription-based models tend to do well, considering their predictability and stability in cash flows and profits. Compared to peers like AT&amp;T Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) and Verizon Communications Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>), T-Mobile stands apart in strategy.
Competitors fell behind in investing heavily in fiber communications, which not only eat up a lot of cash but also pose significant weather risk, some of the issues that T-Mobile&#39;s fixed wireless model does not have to endure. Fixed wireless is less capital-intensive and safer, and that superior quality keeps the company a leadership state compared to peers.
This is also why markets are willing to overpay for T-Mobile stock ahead of its earnings announcement. Compared to the rest of the communications industry&#39;s average P/B ratio of 1.4x today, T-Mobile stock commands a premium of 3.9x today. Knowing that the business&#39; investments are superior to peers and that is drawing more business, markets are rightfully bullish before earnings.
Analysts at Benchmark have recently boosted their price targets for T-Mobile stock as well, this time shooting for $250 a share, which calls for up to 16% upside from where T-Mobile stock trades today.
<h2>Double-Digit Upside Ahead for CoStar Group Stock</h2>
Combining the power of data and technology to the real estate sector is CoStar&#39;s value proposition for investors, one Wall Street is surely bullish on before the company&#39;s next earnings announcement. Starting with analysts, here&#39;s what they say about the company&#39;s future.
Those at Needham &amp; Co. see CoStar Group stock trading as high as $107 a share, calling for a net upside of 38.4% from today&#39;s stock price, not to mention a new 52-week high. Knowing that the industry is in dire need of data to aid in decision-making during shifting interest rates, markets bet that the stock is going to deliver a strong quarter.
Looking into valuations, CoStar Group stock trades at 145.9x price-to-earnings (P/E) ratio today, compared to the rest of the business services industry&#39;s average 43.0x average P/E today. Another premium to consider ahead of earnings is to be justified by potential financial outperformance.
To close the loop on this view, investors can note CoStar Group stock&#39;s falling short interest, which declined by 4.6% during the past month alone. This shows investors another sign of bullishness through bearish capitulation in the stock recently.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-stocks-investors-dont-want-to-miss-ahead-of-earnings/">3 Stocks Investors Don&#39;t Want to Miss Ahead of Earnings</a>&quot; first appeared on MarketBeat.

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3 Stocks Investors Don't Want to Miss Ahead of Earnings

WASHINGTON, Oct 15 (Reuters) - The Federal Communications Commission said Tuesday it is opening a formal inquiry into the use of data caps by telecom firms and how they impact consumers and competition.
"For most people in the United States, rationing their internet usage would be unthinkable and impractical. But, for millions, limitations on how much data they can use online is a constant concern," said FCC Chair Jessica Rosenworcel, noting caps "can cut off small businesses from their customers, slap fees on low-income families, and prevent people with disabilities from using the tools they rely on to communicate."

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'US FCC Opens Formal Inquiry Into Use Of Data Caps By Telecom Firms' - Reuters News

Wells Fargo analyst Eric Luebchow maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Overweight and raises the price target from $22 to $25.

Wells Fargo Maintains Overweight on AT&T, Raises Price Target to $25

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.30%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $52 to $55 on Oct. 1. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $47 to $49 on Sept. 25. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Verizon, last week, announced new round of grant funding for small businesses.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1">latest VZ news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083143/image-95.png" alt="" class="wp-image-593774" style="width:703px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083143/image-95.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083143/image-95-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083143/image-95-768x711.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 5.19%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $29 to $30 on Sept. 27. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $21 to $24 on Sept. 11. This analyst has an accuracy rate of 77%</li>
<li>Recent News: The company&#8217;s board of directors declared a quarterly dividend of $27.75 cents per share on common shares.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"> latest T news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96.png" alt="" class="wp-image-593775" style="width:726px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083156/image-96-768x705.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 4.90%</li>
<li>B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform rating and cut the price target from $75 to $65 on Aug. 21. This analyst has an accuracy rate of 66%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and boosted the price target from $70 to $82 on Aug. 19. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Aug. 8, Cogent Communications reported a loss for the second quarter.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1">trend in CCOI stock.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083236/image-97.png" alt="" class="wp-image-593776" style="width:629px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083236/image-97.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083236/image-97-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14083236/image-97-768x709.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
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<li><a href="https://www.benzinga.com/news/24/10/41308141/this-analyst-with-85-accuracy-rate-sees-around-20-upside-in-amd-here-are-5-stock-picks-for-last-week">This Analyst With 85% Accuracy Rate Sees Around 20% Upside In AMD &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
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Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields

VoIP-Pal.com Inc. ("VoIP-Pal" or the "Company") (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/VPLM#OTCQB">VPLM</a>) announces that it has voluntarily withdrawn its two recently filed federal patent litigation complaints in the Western District of Texas&nbsp;against Verizon (Civ. Action No. 6:24-cv-00299-DC) and T-Mobile (Civ. Action No. 6:24-cv-299), without prejudice. The withdrawn cases alleged infringement of two of VoIP-Pal's "Routing, Billing, and Rating" patents: United States Patent Nos. 8,542,815and9,179,005. Additionally, the complaint against T-Mobile also alleged infringement of one of VoIP-Pal's continuation patents, U.S. Patent No. 10,218,606&nbsp;("the '606 patent").
After a thorough assessment, VoIP-Pal determined that its resources would be better deployed toward more promising monetization strategies rather than pursuing another lengthy and costly patent litigation process. This decision comes despite the company's success in overcoming 36 IPR challenges—a significant achievement, considering the inherent difficulty of prevailing in even a single IPR. While the Company remains confident in the strength of its patents, they continue in their commitment to pursuing a path that provides a more practical and timely resolution.
VoIP-Pal has been engaged in fierce legal patent courts battles for nearly a decade with some of the world's largest tech and telecom companies, including&nbsp;Google, Apple, Facebook, Twitter, Samsung, Amazon, AT&amp;T, Verizon, T-Mobile, and Huawei.&nbsp;
However, recognizing the complexities of patent litigation after the 2011 passage of the America Invents Act (AIA), the Inter Partes Review (IPR) process, and the drawn-out nature of patent litigation, VoIP-Pal made the strategic decision to explore a more viable antitrust legal strategy.
The Company initially began exploring antitrust litigation more than two years ago. The issue of bundling cellular and texting services became apparent to VoIP-Pal last November, prompting further analysis. Since then, a team of about ten professionals, including three seasoned litigation attorneys, have been working diligently on preparing the case.
The Company believes this antitrust lawsuit serves as a crucial wake-up call for telecom carriers, urging them to embrace the future of telecommunications now, rather than risk becoming obsolete. As the industry moves toward an IP-based model, where modern digital platforms replace traditional services, resisting the shift to low-cost VoWiFi solutions will only lead to diminishing market share.
By pausing these two recently filed patent lawsuits, VoIP-Pal can dedicate its resources to its antitrust lawsuit and the continued development of cutting-edge technology solutions that address much-needed advancements in Wi-Fi and cellular communication

VPLM

VoIP-Pal Voluntarily Withdraws Recently Filed Complaints In Western Texas Against Verizon And T-Mobile To Focus On Stronger Antitrust Path

One week after the disclosure of the <a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit">hacking campaign targeting U.S. telecom companies</a>, members of Congress are still assessing the implications. The Chinese Salt Typhoon group is reportedly responsible for infiltrating AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Verizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>), raising concerns that sensitive government data related to court-authorized wiretaps may have been compromised.
As The Wall Street Journal <a href="https://www.wsj.com/politics/national-security/u-s-officials-race-to-understand-severity-of-chinas-salt-typhoon-hacks-6e7c3951">reported</a>, congressional committees have sent letters to the chief executives of the three companies requesting detailed explanations about the intrusion and the steps taken to secure their systems.
Rep. Cathy McMorris Rodgers (R-WA), chairwoman of the House Energy and Commerce Committee, asked the companies to provide a full briefing by the end of next week.
&#8220;These types of breaches are increasing in frequency and severity,&#8221; the letter states. &#8220;The committee needs to understand better how this incident occurred and what steps your company is taking to prevent future service disruptions and secure your customers&#8217; data.&#8221;
Rep. John Moolenaar (R-MI) and Rep. Raja Krishnamoorthi (D-IL), on behalf of the House Select Committee on China, raised concerns that the breach could have severe national security implications.
&#8220;We face a cyber-adversary the likes of which we have never confronted before, and we must urgently enhance our nation's approach to cybersecurity,&#8221; they <a href="https://selectcommitteeontheccp.house.gov/sites/evo-subsites/selectcommitteeontheccp.house.gov/files/evo-media-document/10.10.24_Letter%20to%20Verizon%20ATT%20and%20Lumen.pdf">stated</a>.
The Chinese Embassy in Washington has denied any involvement in the attack. &#8220;China firmly opposes and combats cyberattacks in all forms,&#8221; a spokesperson said, rejecting claims that the Chinese government was behind the breach.
Meanwhile, Sen. Ron Wyden (D-OR), a member of the Senate Intelligence Committee and a leading advocate on cybersecurity issues, sent a letter to the Justice Department and the Federal Communications Commission (FCC).
The government shares much of the blame,&#8221; Wyden wrote, criticizing the longstanding inaction on vulnerabilities in wiretap systems required under the Communications Assistance for Law Enforcement Act (CALEA).
CALEA, which passed in 1994, mandates that telecom providers maintain systems that allow law enforcement to intercept communications. The law was expanded in 2005 to include broadband and internet-based services, leaving private companies responsible for ensuring compliance.
However, computer security experts like Berkeley's senior researcher, Dr. Nicholas Weaver, have been warning that these &#8220;backdoors&#8221; pose significant security risks for years, <a href="https://reason.com/2024/10/11/chinese-hackers-used-u-s-government-mandated-wiretap-systems/">per</a> Reason's report. 
Other cybersecurity experts say the Salt Typhoon intrusion exposes the inherent dangers of backdoor access.
&#8220;The problem with backdoors is well-known,&#8221; said Matthew Green, a cryptography professor at Johns Hopkins University. &#8220;Any channel devoted to one party will eventually be discovered and abused by another.&#8221;
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Photo: Shutterstock

LUMN

Lawmakers Demand Answers From AT&T, Verizon, And Lumen Over Chinese Hack

<a href="https://www.wsj.com/politics/national-security/u-s-officials-race-to-understand-severity-of-chinas-salt-typhoon-hacks-6e7c3951#:~:text=Federal%20authorities%20and%20cybersecurity%20investigators,is%20believed%20to%20be%20responsible" title="https://www.wsj.com/politics/national-security/u-s-officials-race-to-understand-severity-of-chinas-salt-typhoon-hacks-6e7c3951#:~:text=Federal%20authorities%20and%20cybersecurity%20investigators,is%20believed%20to%20be%20responsible">https://www.wsj.com/politics/national-security/u-s-officials-race-to-understand-severity-of-chinas-salt-typhoon-hacks-6e7c3951#:~:text=Federal%20authorities%20and%20cybersecurity%20investigators,is%20believed%20to%20be%20responsible</a>.

The Wall Street Journal Reports U.S. Officials Probe Severity Of China-tied Cyberattacks To Broadband Providers, Lawmakers Send Letters To Verizon, AT&T, Lumen Requesting Information On Hacks, Responses

Marriott International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) has agreed to pay a $52 million settlement following a <a href="https://www.benzinga.com/topic/cybersecurity">series of data breaches </a>that exposed sensitive information of millions of customers.
The settlement, which involves the Federal Trade Commission (FTC) and attorneys general from 49 states, addresses security lapses that occurred over several years, AP News <a href="https://apnews.com/article/marriott-data-breach-settlement-97534838b650bfc7a9e73a5336b2988e">reports</a>.
What Happened: The breaches, spanning from 2014 to 2020, compromised data such as passport details, credit card numbers and personal information. The FTC's investigation highlighted inadequate security practices at Marriott and Starwood Hotels, a company acquired by Marriott in 2016. According to AP News, these vulnerabilities, including insufficient network monitoring, allowed hackers to infiltrate the systems.
As part of the settlement, Marriott will enhance its data protection measures, introducing a comprehensive security program to prevent future incidents. The hotel chain will also allow U.S. customers to request the deletion of personal information linked to their loyalty accounts. Although agreeing to the settlement, Marriott did not admit wrongdoing and emphasized improvements already made in data security.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/10/41276280/hurricane-milton-closes-multiple-florida-airports-over-3-000-flights-canceled-and-delayed-10-air">Hurricane Milton Closes Multiple Florida Airports, Over 3,000 Flights Canceled And Delayed: 10 Airline Stocks That Could Be Hit Hardest</a>
Why It Matters: This agreement underscores growing scrutiny of corporate cybersecurity measures as cyber threats increase. The Marriott breaches reflect broader challenges in data security, as a recent incident involved the Chinese-linked Salt Typhoon group, <a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit">which infiltrated networks </a>of major U.S. telecommunications firms like AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>).
The bread by Salt Typhoon, a Chinese-backed hacking group, is a reminder of the persistent risks posed by cyber espionage, as the group reportedly accessed data for intelligence gathering. The incident, alongside the Marriott case, highlights the challenges companies face in protecting sensitive information from sophisticated attackers.
Enhanced security protocols, as seen in Marriott's new commitments, are becoming crucial for safeguarding consumer data and maintaining trust.
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This article was generated using artificial intelligence and was reviewed by Benzinga editors.
Photo: Shutterstock

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