DALLAS, Aug. 31, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Sprint Nextel Corp. (NYSE:S). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/S
Sprint Nextel Corp. (S) offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. It served more than 52 million customers at the end of the second quarter of 2011 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The Company operates two reportable segments: Wireless and Wireline.
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In the report, the analyst notes:
"Wells Fargo analyst Jennifer Fritzsche yesterday reiterated an Outperform rating on shares of Sprint. Following checks at Sprint stores, Fritzsche believes the Company has held up fairly well in the third quarter, with stability, relative to larger carriers Verizon Communications and AT&T, improving."
"Sprint reported second-quarter consolidated net operating revenues of $8.3 billion, which represents a 4% increase from the comparable quarter last year and remained relatively flat as compared to the first quarter of 2011."
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