Sprint (NYSE:S) Decision on iDEN Smart Says Auriga

Citing the announcement Sprint (NYSE:S) is going to upgrade their infrastructure, which includes shutting down iDEN, Auriga called it "clever," although noting most investors are clueless as to how it will affect the company.

Making a decision to lower their protocol risks is a good one, concluded Auriga.

Also noted is the QChat service to be offered by Sprint, which is scheduled to be released sometime in 2013, although it hasn't been branded yet.

Auriga reiterates a "Buy" rating on Sprint, which closed Thursday at $4.15, up $0.03, or 0.73 percent. They have a price target of $6 on the company.