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Gray Powell of Wells Fargo asks about $RAX's third-party cloud, net adds, ARPU and revenue guidance for it in 2016. CEO Taylor Rhodes said the revenue contribution from them is expected to be minimal in 2016. $RAX expects to increase net adds and the company is seeing ARPU ramp up over time.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.