Leap Wireless Shares Jumped: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Deals have helped boost shares of the Cricket Wireless parent in recent weeks, including a partnership with Verizon (NYS: VZ) . Now it seems management's moves are boosting revenue, too. A Mizuho analyst upgraded the stock to "buy" from "neutral" after channel checks showed strong sales.
Now what: The size of the boost remains to be seen, but even minimal progress justifies the move at this point. Leap trades for less than one-tenth analysts' long-term estimates for annual profit growth. Do you agree? Would you buy shares of Leap Wireless at current prices? Let us know what you think using the comments box below.
Interested in more information about Leap Wireless? Add it to your watchlist by clicking here.
At the time this article was published Fool contributor Tim Beyers is a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.