Company Update (NYSE:T): Virtustream Joins AT&T NetBond® Ecosystem

[PR Newswire] – DALLAS, May 10, 2016 /PRNewswire/ — AT&T* and Virtustream are teaming up to bring highly secure access to Virtustream’s Enterprise Class Cloud and Cloud Storage services using AT&T NetBond. Virtustream is an enterprise-class cloud provider and EMC Federation company. The new alliance lets businesses connect to Virtustream services through their AT&T virtual private network. Read more on this. AT&T, Inc. (T) , with a current market cap of $242.36B, started trading this morning at $39.02. During today’s session, T traded between $39.02 to $39.38 and has traded between $30.97 and $39.72 over the past year. AT&T (T) shares are currently priced at 13.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.71x earnings multiple for the same period. The company pays shareholders $1.92 per share in dividend income per year, for a current yield of 4.92%. According to a consensus of 24 analysts, the earnings estimate of $0.72 per share would be $0.03 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.86, which would be a $0.15 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.73 Billion. If reported, that would be a 23.35% increase over the year-ago quarter. More recently, Macquarie Initiated T at Outperform (Apr 5, 2016). Previously, Deutsche Bank Initiated T at to Buy. When considering if the stock is under or overvalued, the average price target is $39.55, which is 1.36% above where the stock opened this morning. See more in (NYSE:T) Similar Articles: Company Update (NYSE:T): AT&T To Hire 20,000 By The End Of The Decade Company Update (NYSE:T): AT&T, Comcast Could Add Pay-TV Subscribers In 2016 Company Update: EMC Corporation (NYSE:EMC) – VMware Backs out of VirtuStream; Good Move, Say Analysts; Gabelli Starts at Buy