When Clearwire Results Manage To Please Even The Skeptics (CLWR, S)

Clearwire Corporation (NASDAQ: CLWR) may be thought of poorly over its lack of continued earnings and because of its deep ties to Sprint Nextel Corporation (NYSE: S), but don’t bother telling that to investors this morning.  It looks like even the skeptics have some room to be positive.  Keep in mind that there are some 36 million shares in the most recent short interest reading as well.  The stock is trading higher on above-consensus preliminary revenue growth. The company’s growth was more than 10% in its reported wholesale subscribers in the fourth quarter and that is effectively allowing the rates to have been a double from a year earlier.  The wireless data carrier added roughly 900,000 net subscribers in its last quarter while the cash burn rate came to $82 million.  Shares of Clearwire have lot two-thirds of their value in the last year, but we are seeing a pop so far this Tuesday.

Shares had been up over 7% in earlier trading and are now up 5.4% at $1.85 in active pre-market trading.  Its 52-week trading range is $1.24 to $6.11.