Sprint Rallies 27% On Q1 Subscriber Gains, Did The Markets Overreact?

Sprint , the fourth largest U.S. wireless carrier, saw its stock price soar by 27% in Monday’s trading, after posting a stronger than expected set of fiscal Q1 numbers.  While the carrier’s net loss met expectations, it beat estimates on revenues and also posted stronger than expected postpaid phone subscriber additions and churn levels, providing investors with some confidence that its turnaround is gathering steam. That said, there are concerns as to whether the recent momentum can trans...