Softbank Group (SFTBF, $39.40) posted annual net loss of -1.7 trillion yen
Softbank Group Corp reported a net loss of -1.7 trillion yen (-$13.12 billion) for the year ended in March, compared to the record 4.99 trillion yen profit a year earlier. A year ago, the company got a boost from the listing of South Korean ecommerce firm Coupang, when SoftBank's earnings exceeded that of several global major companies such as Berkshire Hathaway.
SoftBank's Vision Fund segment incurred a -2.97 trillion yen investment loss in the first quarter, according to Reuters calculations.
Its mobile unit SoftBank Corp. experienced a record net profit of 517.5 billion yen, thanks to strength in online shopping, advertisement and messaging app services.
Notable companies
The most notable companies in this group are Verizon Communications (NYSE:VZ), Comcast Corp (NASDAQ:CMCSA), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).
Industry description
Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.
Market Cap
The average market capitalization across the Wireless Telecommunications Industry is 17.66B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.
High and low price notable news
The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 36%. SFTBF experienced the highest price growth at 21%, while TAPP experienced the biggest fall at -78%.
Volume
The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was 3%. For the same stocks of the Industry, the average monthly volume growth was -20% and the average quarterly volume growth was 59%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 50
P/E Growth Rating: 55
Price Growth Rating: 50
SMR Rating: 74
Profit Risk Rating: 73
Seasonality Score: 10 (-100 ... +100)
