Clearwire Corp-class A trades in the stock market as ticker CLWR. Business Summary & Profile For Clearwire Corp-class A.

Clearwire Corp-class A

Clearwire Corporation provides wireless broadband services. The company builds and operates mobile broadband networks that provide high-speed mobile Internet and residential access services, as well as residential voice services in communities in the United States. It primarily offers fourth generation (4G) and pre-4G mobile broadband services under the CLEAR and Clearwire brand names, as well as provides fixed voice over Internet protocol telephony services for homes and offices. The company also leases residential modems, as well as sells modems and personal computer cards. As of December 31, 2010, it primarily served 88 markets in the United States covering an estimated 114.2 million people; and 4 markets in Europe covering an estimated 2.9 million people, as well as had approximately 1.1 million retail and 3.3 million wholesale subscribers in the United States; and 40,000 subscribers in Belgium and Spain. The company markets its products and services directly to consumers, as well as through cellular retailers, consumer electronics stores, satellite television dealers, and computer sales and repair stores. It also markets its products and services through company-operated retail outlets. The company is headquartered in Kirkland, Washington. Clearwire Corporation is a subsidiary of Sprint HoldCo LLC.
www.clearwire.com
1,053 Employees
Last Reported Date: 11/3/11
LAST $2.21 USD
CHANGE TODAY -0.0374 -1.66%
VOLUME 3.7M
As of 11:50 AM 02/17/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of CLEARWIRE CORP-CLASS A (CLWR)

OPEN
$2.18
PREVIOUS CLOSE
$2.25
DAY HIGH
$2.25
DAY LOW
$2.15
52 WEEK HIGH
04/7/11 - $6.11
52 WEEK LOW
10/10/11 - $1.24
MARKET CAP
2.5B
AVERAGE VOLUME 10 D
14.5M
EPS TTM
$-1.65
SHARES OUTSTANDING
452.3M
CLWR Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

related news for CLEARWIRE CORP-CLASS A (CLWR)

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related news for CLEARWIRE CORP-CLASS A (CLWR)

Sprint's Bold Play on a 4G Network
Sprint's Outstanding Overdrive
Justice Dept. Asks FCC to Free Airwaves
Managing the Wireless Data Deluge

Key developments for CLEARWIRE CORP-CLASS A (CLWR)

Clearwire Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011; Provides Earnings Guidance for the Year 2012; Appoints Erik Prusch to its Board of Directors

Clearwire Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported revenues of $361,870,000 against $175,150,000 a year ago. Operating loss was $433,149,000 against $737,189,000 a year ago. Loss from continuing operations before income taxes was $564,940,000 against $738,349,000 a year ago. Net loss from continuing operations was $643,346,000 against $738,570,000 a year ago. Net loss from continuing operations attributable to the company was $235,998,000 or $0.81 per basic and diluted class A common share against $124,804,000 or $0.79 per diluted class A common share a year ago. Net loss attributable to the company was $236,849,000 or $0.81 per basic and diluted class A common share against $128,012,000 or $0.81 per diluted class A common share a year ago. Adjusted EBITDA was $22,479,000 against adjusted LBITDA of $265,583,000 a year ago. Capital expenditures were $23 million against $589 million a year ago. Fourth quarter 2011 capital expenditures up from $17 million in third quarter 2011 primarily due to prior quarter favorable settlements on capex purchases which offset new capex in third quarter 2011. For the year, the company reported revenues of $1,253,466,000 against $535,103,000 a year ago. Operating loss was $2,391,237,000 against $2,162,650,000 a year ago. Loss from continuing operations before income taxes was $2,748,905,000 against $2,249,984,000 a year ago. Net loss from continuing operations was $2,855,733,000 against $2,251,202,000 a year ago. Net loss from continuing operations attributable to the company was $696,902,000 or $2.99 per diluted class A common share against $475,362,000 or $2.41 per diluted class A common share a year ago. Net loss attributable to the company was $717,333,000 or $3.07 per diluted class A common share against $487,437,000 or $2.46 per diluted class A common share a year ago. Net cash used in operating activities was $930,789,000 against $1,168,713,000 a year ago. Capital expenditures were $405,655,000 against $2,646,365,000 a year ago. Adjusted LBITDA was $313,900,000 against $1,057,051,000 a year ago. For full year 2012, the company expects total revenue of $1.15 billion to $1.25 billion and Adjusted EBITDA loss of approximately $250 million to $350 million. Capital expenditures in 2012 are expected to total approximately $450 million to $550 million, with most of the spend occurring in the second half of the year. The company's President and Chief Executive Officer, Erik Prusch, has been appointed to the company's Board of Directors.

FreedomPop Selects Clearwire Corporation's 4G Mobile Broadband Network to Launch Disruptive Free Mobile Broadband Service

Clearwire Corporation announced the formation of a strategic wholesale relationship that will support FreedomPop's innovative and disruptive 4G mobile broadband service in the U.S. Clearwire currently offers a fast, reliable 4G mobile broadband network covering more than 130 million people in the U.S. As Clearwire's planned 4G LTE Advanced-ready network comes online, FreedomPop expects to be able to offer users even faster speeds.FreedomPop represents the kind of disruptive service model that will shake up the exploding wireless broadband market. FreedomPop will pay wholesale rates for access to Clearwire's 4G network but specific terms of the agreement are not being disclosed.

Clearwire Corporation to Report Q4, 2011 Results on Feb 15, 2012

Clearwire Corporation announced that they will report Q4, 2011 results at 4:00 PM, US Eastern Standard Time on Feb 15, 2012

CLWR Competitors

Company Last Change
Cincinnati Bell Inc $3.87 USD -0.005
Earthlink Inc $7.50 USD -0.015
ERF Wireless Inc $2.20 USD +0.13
tw telecom inc $21.61 USD -0.1799
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation CLWR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.6x
Price/Cash Flow 30.1x
TEV/Sales NM Not Meaningful

CLWR

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CLWR transactions

Type
Date
Target
Private Placement
December 1, 2011
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