Clearwire (CLWR) Lower Following Analyst Downgrade; Volatility Up into Q1 Results
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Clearwire Corp. (Nasdaq: CLWR) shares are getting hit Tuesday following an analyst call earlier. Volatility in the stock in also higher heading into its quarterly numbers.
Research firm Jefferies downgraded shares earlier from Buy to Hold, while halving its target from $4 to $2 per share. For more color on the call, click here.
On the move today, Clearwire implied volatility is up 12.8 percent form yesterday's close. IV is about 30 percent higher than its annual historical average, currently at about 104 percent.
Clearwire is expected to report first-quarter 2012 earnings late Thursday. Analysts currently see a loss of 39 cents per share and revenue of $315.3 million, compared with a loss of 93 cents and revs of $242 million reported last year.
Shares are off 6.4 percent.
Research firm Jefferies downgraded shares earlier from Buy to Hold, while halving its target from $4 to $2 per share. For more color on the call, click here.
On the move today, Clearwire implied volatility is up 12.8 percent form yesterday's close. IV is about 30 percent higher than its annual historical average, currently at about 104 percent.
Clearwire is expected to report first-quarter 2012 earnings late Thursday. Analysts currently see a loss of 39 cents per share and revenue of $315.3 million, compared with a loss of 93 cents and revs of $242 million reported last year.
Shares are off 6.4 percent.
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