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CLEARWIRE CORPORATION (CLWR) [hlAlert]

Rating:
Hold CLWR
down 20.59 %

CLEARWIRE CORPORATION (CLWR) downgraded to Hold by McAdams Wright Ragen

Posted on: Friday,  Nov 5, 2010  10:25 AM ET by McAdams Wright Ragen

McAdams Wright Ragen rated Hold CLEARWIRE CORPORATION (NASDAQ: CLWR) on 11/05/2010. Previously McAdams Wright Ragen rated Buy CLEARWIRE CORPORATION (NASDAQ: CLWR) on
05/06/2010., when the stock price was $8.01. Since then, CLEARWIRE CORPORATION has lost 20.60% as of 11/05/2010's recent price of $6.36.
If you would have followed the previous McAdams Wright Ragen's recommendation on CLWR, you would have lost 20.59% of your investment in 183 days.

Clearwire Corporation builds and operates wireless broadband networks that enable Internet communications. Its wireless broadband networks cover entire communities and deliver a high-speed Internet connection that not only creates a new communications path into the home or office, but also provides a broadband connection anytime and anywhere within its coverage area. It offers services in both domestic and international markets. The Company?s services consist primarily of providing wireless broadband connectivity, but in some of its domestic markets, it also offers voice-over Internet protocol (VoIP) telephony services. As of December 31, 2008, The Company operated its networks in 51 markets in the United States and Europe covering approximately 18.2 million people, and as of December 31, 2008, it had approximately 475,000 wireless broadband subscribers. The Company?s networks in the United States were deployed in 47 markets and covered an estimated 15.3 million people.

At the heart of our company is a belief that a disciplined value approach to investing can lead to superior investment returns. While many other firms have reduced their commitment to research since the compensation link between corporate finance and research was severed a few years ago, we continue to invest heavily in our research department. Our research is solely targeted at providing our retail and institutional clients with good investment advice.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2010 10:25 AM Hold
None
6.36
as of 12/31/2010
1 Week   
1 Month   
3 Months down  -21.77 %
1 YTD down  -20.59 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/6/2010 9:43 AM Buy
None
8.01 10.00
5/6/2010 9:43 AM Buy
None
8.01 10.00
8/12/2009 10:25 AM Hold
None
6.93
8/8/2008 10:25 AM Buy
None
9.11 17.00
5/7/2008 1:25 PM Buy
None
16.98 20.00
1/3/2008 10:25 AM Buy
None
12.74 22.00
8/20/2007 11:25 AM Buy
None
24.23 28.00

(*) Stock Price at the time of the recommendation.
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