Company ended the second quarter 2011 with approximately 7.65 million total subscribers, increased 365% from 1.64 million subscribers in the second quarter 2010. The subscriber base involved 1.29 million retail subscribers and 6.36 million wholesale subscribers. During the second quarter 2011, company increased 1.54 million total net new subscribers, including 39,000 retail and 1.50 million wholesale net new subscribers. Company’s wholesale subscribers consist primarily of users of 3G/4G smartphone devices.
CLWR is basically a Wireless Communications industry company. The sales of company resulted $692.18 million for last consecutive twelve months, and the company’s net income recorded $-620.30 million. The company’s growth of its sales in recent quarter vs. year ago quarter recorded 126.90% which is above the Industry benchmark of 10.60% and above from Standard and Poor’s benchmark of 14.70%.
Company is on an optimistic track of growth as the gross margin of Clearwire Corporation is -47.0% which is below the industry benchmark for gross margin of 63.7% and below the Standard and Poor’s benchmark for gross margin of 37.7%.
The stock price of company on August 04, 2011 decreased 28.74% and settled to the closing price of $1.76. The overall volume in the last trading session was 20.75 million shares. Its fifty two week range was $1.62-$8.82. The total market capitalization remained $1.74 billion.
CLWR current stock price is moving below its 52 week low by 11.11% and moving below from 52 week high price by 80.05%. CLWR last month stock price volatility remained 11.41%. In its share capital CLWR has 989.68 million outstanding shares while company’s float is 174.24 million shares. Ownership of company is 76.90% institutional.
Clearwire Corporation NASDAQ:CLWR, through its operating subsidiaries, is a leading provider of mobile broadband services. Clearwire’s 4G network currently provides coverage in areas of the U.S. where more than 130 million people live. Clearwire’s open all-IP network, combined with significant spectrum holdings, provides an unprecedented combination of speed and mobility to deliver next generation broadband access. The company markets its 4G service through its own brand called CLEAR(R) as well as through its wholesale relationships with companies such as Sprint, Comcast, Time Warner Cable, Locus Telecommunications, Cbeyond, Mitel and Best Buy.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. galaxystocks.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer ( http://galaxystocks.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold galaxystocks.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Entire Disclaimer Here