Telecom Brawl Over Networks Poses Test for Carney's AI Strategy
Canada's telecom regulator has ruled that major internet providers can use the broadband networks of the largest established phone companies, including BCE Inc. and Telus Corp., for their own services. The policy allows companies to effectively become sellers of internet packages to households in parts of Canada where they haven't built out their own networks.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
AutoCanada stock sees year-to-date surge of 90% as BMO doubles its price target
AutoCanada ( shares hit their highest level in over three years on the Toronto Stock Exchange on Thursday, fuelled by better-than-expected financial results and praise from Bay Street analysts. The stock has had a blistering run in 2025, up nearly 90 per cent year-to-date. The Alberta-based chain of auto dealerships operates 64 franchised lots in eight provinces, spanning 23 automotive brands. The company reported second-quarter results after Wednesday's trading session. While sales slipped for the quarter ended June 30, adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped to $64.4 million, versus $33.5 million booked in the prior year. 'This is an objectively much better-than-expected quarter,' National Bank analyst Maxim Sytchev wrote in a note to clients on Wednesday. Executive chairman Paul Antony said on Tuesday that AutoCanada is ahead on its cost-cutting plan. He estimates the company is on track to save $115 million in 2025, up from an original estimate of $100 million at the start of the year. On Thursday, Toronto-listed AutoCanada shares climbed as much as 15.8 per cent, bringing the stock to its highest level since early 2022. Shares have gained over 89 per cent year-to-date. The stock is up more than 120 per cent over the past 12 months In July, AutoCanada announced a plan to sell 13 'underperforming' dealerships in the U.S. to undisclosed buyers for $82.7 million. The company says these transactions are set to close in the second half of this year. AutoCanada also aims to sell four additional American dealerships as part of its exit from the U.S. market. On Tuesday, the company said it expects $115 million to $130 million in total net proceeds from the sale of its U.S. dealerships. RBC Capital Markets analyst Sabahat Khan figures the company will fetch $32 million to $47 million in net proceeds from the remaining dealership sales. 'We view the prospective sales price for the remaining U.S. dealerships positively,' he wrote in a research note on Thursday. BMO doubles price target on AutoCanada stock BMO Capital Markets analyst Tamy Chen doubled her price target on AutoCanada shares following Wednesday's financial results. She lifted her target to $40 from $20, while raising her rating to 'outperform' from 'market perform.' 'Despite the stock run, [its] valuation still appears reasonable,' Chen wrote in a research report. 'With two quarters of much better results, we have gained better visibility on AutoCanada's execution of its cost-reduction plan," she added. "Now, we are also prepared to see further runway from volume growth on this structurally better cost structure, and the eventual resumption of M&A.' RBC's Khan raised his price target on AutoCanada shares to $33 from $27, while maintaining a 'sector perform' rating. National Bank's Sytchev raised his price target to $36 per share from $28, while maintaining an 'outperform' rating. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Radcom Ltd (RDCM) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic Partnerships ...
Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Radcom Ltd (NASDAQ:RDCM) reported a 19% year-over-year increase in revenue, reaching a new record of $17.7 million for Q2 2025. The company ended the quarter with over $100 million in cash and no debt, indicating strong financial health. Operating income increased by more than 50% compared to Q2 last year, with a non-GAAP operating margin extending to nearly 20% of revenue. Radcom Ltd (NASDAQ:RDCM) is actively expanding strategic partnerships, including collaborations with Nvidia and ServiceNow, to enhance its AI-driven solutions. The company is well-positioned in the growing 5G and AI markets, with significant customer engagement and ongoing market shifts supporting its growth outlook. Negative Points Radcom Ltd (NASDAQ:RDCM) did not receive a grant from the Israel Innovation Authority in Q2 2025, unlike the previous year. The company faces currency exchange risks, as 60% of its operating expenses are in shekels, and it does not currently hedge these expenses. There is uncertainty in the directed device satellite space, with potential opportunities still unclear in terms of capital allocation. The competitive environment remains challenging, with competitors trying to shift out of telcos while Radcom Ltd (NASDAQ:RDCM) continues to invest in innovation. Despite strong performance, the company anticipates a gradual increase in sales and marketing expenses to support a growing pipeline and expand its presence in high-value regions. Q & A Highlights Warning! GuruFocus has detected 1 Warning Sign with RDCM. Q: How is the partnership with service management system vendors like ServiceNow and AWS progressing? A: Benny Epstein, CEO: The partnership is going very well. We are co-developing and interconnecting our platforms. A few connectors are already in place, and we are building agent-to-agent use cases together. Q: With $100 million in cash on the balance sheet, how is Radcom planning to allocate capital? A: Benny Epstein, CEO: Our first priority is potential M&A. We are progressing with a few candidates and will decide on capital allocation based on this progress. Q: What percentage of growth over the next 18 months is expected from existing customer expansion versus new logos? A: Benny Epstein, CEO: We anticipate around two-thirds of growth from existing customers and one-third from new logos. Q: Can you provide insight into the revenue split between 5G and legacy networks? A: Benny Epstein, CEO: While 5G is growing, LTE networks are still operational and will remain for a few more years. 5G is our focus, but LTE will continue to contribute to revenue. Q: Are there any emerging opportunities in the directed device satellite space? A: Benny Epstein, CEO: There is an active opportunity with a certain customer, but their capital allocation is still unclear. We are monitoring their progress and participating in opportunities as they arise. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Chipotle Mexican Grill Comparable Restaurant Sales Poised for Rebound, Oppenheimer Says
Chipotle Mexican Grill (CMG) is likely to see a recovery in comparable restaurant sales ahead amid i Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
