Britain's Vodafone on Thursday said it will acquire German cloud and digital transformation firm Skaylink for 175 million euros ($204.09 million) from private equity firm Waterland, in a push to expand its service offerings.
Does Vodafone Group PLC (VOD) have what it takes to be a top stock pick for momentum investors? Let's find out.
Vodafone Group PLC's (LSE:VOD) turnaround story has split the market. Deutsche Bank is doubling down on optimism, while Citi is keeping its hand firmly on the handbrake.
Vodafone has said a massive blackout in its internet coverage yesterday was not caused by a cyber attack.
Thousands of Vodafone users are reporting problems with their internet
VodafoneThree commits 11 billion pounds to U.K. network upgrades, striking major tech supply deals with Ericsson and Nokia.
Vodafone's recent dividend cuts and ongoing operational struggles make it a poor speculation despite a 4% yield. The company faces high competition, regulatory challenges, and slow cost-cutting, with only modest growth prospects in emerging markets. Dividend payments are infrequent, uneven, and unpredictable, which I find frustrating as an income investor.
Citi has highlighted Vodafone Group PLC (LSE:VOD) newly published management long-term incentive plan (LTIP) targets as a key signal for investors, pointing to “strong cash flow progress in the coming years". The group has set cumulative adjusted free cash flow (FCF) targets for the three years to 2027/28, with the minimum threshold for any LTIP payout at €7.5bn and the maximum set at €9.1bn.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Vodafone Group PLC (LSE:VOD) shares saw little movement after the company released its first-quarter update, reflecting a lack of surprises and broadly steady trading. Total revenue rose 3.9% to €9.4 billion, with group service revenue increasing by 5.3% to €7.9 billion.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Vodafone Group PLC (LSE:VOD) reports first-quarter results next Thursday, 24 July, which will allow investors to check on the progress of the telecoms group's Germany turnaround. At its final results in May, the FTSE 100 company said it expected the coming year to see "broad-based momentum" across Europe and Africa, with Germany returning to top-line growth.