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STRY - STRY STOCK NEWS

Welcome to our dedicated page for STRY news (Ticker: STRY), a resource for investors and traders seeking the latest updates and insights on STRY stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect STRY's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of STRY's position in the market.

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Starry Group Holdings, Inc. (NYSE: STRY) has reported strong Q2 results, showcasing significant growth in customer relationships and network expansion. As of June 30, 2022, homes serviceable rose by 19.6% year-over-year to 5.7 million, while customer relationships surged 69.4% to 80,950. The company achieved a record 42 basis points increase in penetration to 1.43%. CEO Chet Kanojia emphasized the disciplined execution of their business plan. Full financial results will be disclosed on August 9, 2022.

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Starry Group Holdings (NYSE: STRY) announced that CEO Chet Kanojia will participate in a fireside chat at the Credit Suisse 24th Annual Communications Conference on June 14, 2022, at 1:30 PM ET. A livestream of the event can be accessed at starry.com/investors. Starry aims to provide high-speed, affordable internet through innovative hybrid-fiber wireless technology and is currently operational in cities like Boston, New York, Los Angeles, Washington, DC, Denver, and Columbus.

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Starry Group Holdings, Inc. (NYSE: STRY) will have its CEO, Chet Kanojia, participate in a fireside conversation at the UBS Future of 5G Day on June 3, 2022, at 1:00 PM ET in New York City. Starry focuses on providing high-speed broadband internet without bundles or data caps, emphasizing affordable connectivity and digital equity. The livestream will be available at starry.com/investors. Headquartered in Boston, Starry operates in several major cities, including Los Angeles and Washington, DC.

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Starry Group Holdings (NYSE: STRY) announced that CEO Chet Kanojia will speak at Cowen's 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 9:05 am ET in New York City. The presentation will be livestreamed, and details can be found on starry.com/investors. Starry focuses on providing affordable, high-speed broadband without data caps or long-term contracts, using innovative hybrid-fiber technology. Currently, Starry operates in several major U.S. cities, including Boston and New York City.

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Starry Group Holdings, Inc. (NYSE: STRY) has partnered with the Jersey City Housing Authority to extend its Starry Connect program, offering high-speed broadband to residents of Hudson Gardens and Thomas J. Stewart communities in Jersey City, New Jersey. Starting at $15 per month with no data caps or credit checks, eligible households can also receive subsidies from the federal Affordable Connectivity Program (ACP). This initiative aims to bridge the digital divide, impacting over 63,000 housing units across multiple states.

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Starry Group Holdings, Inc. (NYSE: STRY) reported a strong first quarter of 2022, with a 63% revenue increase to $7.4 million and a 72% surge in customer relationships to 71,247. Despite a net loss of $53.6 million, the company improved its Adjusted EBITDA margin by over 100 percentage points year-over-year. Starry Connect expanded its reach to over 63,000 units of public and affordable housing. The company projects customer relationships to exceed 100,000 and revenues to surpass $50 million by the end of 2022.

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Starry Group Holdings (NYSE: STRY) announced that CEO Chet Kanojia will participate in a fireside chat at MoffettNathanson’s 9th Annual Media & Communications Summit on May 19, 2022, at 2:00 PM ET. The event will be accessible via livestream on the company’s investor relations page. Starry is known for its innovative fixed wireless broadband technology, providing high-speed internet without data caps or long-term contracts, with a focus on affordable connectivity and digital equity. Starry operates in cities including Boston, New York, Los Angeles, Washington, DC, Denver, and Columbus, OH.

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Starry reaffirms its commitment to affordable broadband access, aligning with the White House's broadband access initiative. The company participates as a qualified provider in the Affordable Connectivity Program (ACP), which offers eligible households a subsidy of up to $30 monthly for broadband services. Starry Connect, launched in 2018, provides low-cost plans starting at $15 per month without credit checks or long-term contracts, reaching over 55,000 units of affordable housing across multiple states. Starry's mission focuses on closing the digital divide and ensuring connectivity for economically vulnerable families.

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Quanta Services, Inc. reported a strong first quarter ending March 31, 2022, with consolidated revenues of $4.0 billion, representing significant growth from $2.7 billion in the same period last year. The company achieved a GAAP diluted EPS of $0.57 and an adjusted diluted EPS of $1.37. With remaining performance obligations at $6.8 billion and a total backlog of $20.5 billion, Quanta reiterated its full-year financial expectations, citing confidence in its diverse portfolio and strategic initiatives to capitalize on energy transition opportunities.

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Starry Group Holdings (NYSE: STRY) announced adjustments to its warrant agreement, reducing the exercise price from $11.50 to $9.13 per 1.2415 shares of Class A common stock. Additionally, the redemption trigger prices were lowered to $14.29 and $7.94 from $18.00 and $10.00, respectively, effective April 22, 2022. These changes were necessitated by recent capital-raising activities, including issuing shares at $7.50 per share.

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FAQ

What is the market cap of STRY (STRY)?

The market cap of STRY (STRY) is approximately 1.3M.
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1.34M
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