T-Mobile US, Inc. (NASDAQ: TMUS) has been making noteworthy strides in the industry, with a series of events that have stirred the markets. The company's return on equity stood strong compared to its industry peers while its stock hit a yearly high in August. However, the company faced a $60 million fine over unauthorized data access. Notably, T-Mobile's President and CEO, G Sievert, sold 40,000 shares and the company launched a new deal offering Google Pixels.
The company's Q2 results were driven by rising plan rates while it also faced another $60 million fine for a data breach incident post its merger with Sprint. They also broke records with free cash flow and subscriber boost in Q2, though the earnings beat was marred by revenue misses. Still, the company's growth has attracted attention from big names like Warren Buffett and hedge funds. The company completed a side deal with Verizon amidst scooping up most of U.S. Cellular assets. Its good performance in the recent past has earned it a strong rating among momentum stocks.
T-Mobile disclosed its earnings for Q1 and Q2 of 2024 along with a significant growth plan. It also outperformed its telecom peers AT&T and Verizon in subscriber growth. Among other significant moves, the company entered a $4.4 billion deal to buy U.S Cellular wireless operations and signed a multi-year contract with the U.S. Navy.
T-Mobile Us TMUS News Analytics from Mon, 22 Jan 2024 08:00:00 GMT to Sun, 18 Aug 2024 13:36:18 GMT - Rating 8 - Innovation 3 - Information 4 - Rumor -5
