Sprint Corp (NYSE:S) Starts Rollout Of Smart Home Services


Sprint Corp (NYSE:S) recently finalized a deal with Vivint Smart Home, introducing its digital home services to as many as 16 outlets in Utah, Arizona, Ohio and Kansas City. According to Wave7, the company intends to expand that number to 80 outlets by year’s end. The association would link Vivint’s services with Sprint’s devices.

The details

Kathleen Dunleavy, the spokeswoman for Sprint, reported that from time to time, the company will run trials in some markets on varied rate plans, services and/or products to see how clients respond. Currently, the company is planning a trial with Vivint and is offering smart home services in few retail stores across the nation. As with all experiments, once it is over, the team will analyze the data and decide on next steps.

Sprint outlets already sell motion sensors, thermostats, smart cameras and other products, in addition to 2-monthly subscription offerings. Vivint’s basic smart home service is priced for $39.99, and adding outdoor, doorbell camera and indoor services increases the price to $49.99.

One of the employees at Sprint’s Country Club Plaza outlet confirmed that the store has started selling Vivint’s offerings, and also the Amazon Echo, which is well-suited with the system. The company just started associating with Vivint and Country Club Plaza store is one of the first outlets that is launching the combination of the two.

Both Vivint and Sprint sales representatives are offering the new service at Sprint outlets. The report noted that the association goes beyond the smart home, as Vivint reps stand to earn extra money if they can also offer Sprint services.

On Monday, the shares price of Sprint declined more than 1% to close the day at $7.61. The decline came at a share volume of 16.03 million compared to average share volume of 10.21 million. After the recent decline, the market cap of firm stands at $30.42 billion.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.