Telecom Sector Mixed Signals | Business and Finance News

Satellite internet is soaring while cable giants struggle as prices plummet — but despite solid earnings reports, the telecom stocks are falling. Cogent’s revenue dipped 4.3% and its stock tumbled 15.2%. Array stunned with an 89.5% revenue surge yet still saw a 2.1% drop. Iridium beat revenue but missed EPS, yet gained 4.4%. Lumen and Viasat both missed revenue targets but beat EPS — yet all stocks slid. The market’s mood? Clearly not impressed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c2c1617863265a68