Clearwire: the new Wall Street darling?
In a recent exclusive interview with Clearwire CEO Bill Morrow, we asked him if the company’s message was getting through to Wall Street. He responded, in part, that “I think they [Wall Street investors and analysts] understand… with more markets launched, they’re getting some good insights and are diving further in.”
Thursday in his excellent blog over at Barron’s, Eric Savitz detailed the report of one Wall Streeter who just gave CLWR an upgrade to Outperform from Neutral, moving his stock price target to $12 a share (up from $7; the stock closed Thursday at $8.26, up 29 cents). So maybe the Street is starting to take notice that Clearwire is actually launching the services they said they would? Or that more big partners (like Time Warner Cable) aretouting their plans to resell Clearwire’s WiMAX?
Read more: Wall Street Starting to Smile at Clearwire?
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The cable cos’ need to build it, or join and market it. It is a great technology and too often, the carriers don’t want to get “too rural”. They need density to be profitable. Not so with WiMax.
Bobby Vassallo
http://citywirelessconsulting.com