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AT&T (T) Wins Order to Modernize Veterans Affairs' Network

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AT&T Inc. (T - Free Report) has been chosen by the U.S. Department of Veterans Affairs (“VA”) to provide an advanced data communications platform that will help boost their mission capabilities.

The Dallas, TX-based telecom giant secured a $725 million, 12-year Task Order under the General Services Administration’s Enterprise Infrastructure Solutions contract for federal agencies.

With 1,255 healthcare facilities, the VA manages the largest integrated healthcare system in the country. It serves 9 million enrolled veterans each year. The VA requires a high capacity urban and rural data network to support its missions.

AT&T will work with the VA to modernize the latter’s IP-based data network for a robust technology infrastructure that will enable quick cloud adoption. The company is providing advanced capabilities that include wide area networking, virtual private networking and managed network services.

AT&T’s technologies will help VA transform a wide range of data-intensive processes. With AT&T’s wide area network capabilities, VA care providers can access a veteran’s healthcare records in near-real time and improve their service delivery.  

AT&T is increasingly focusing on its core wireless business, wherein it is seeing solid demand for its services. The company continues to invest in key areas for long-term sustainable growth.

AT&T’s shares have lost 3.9% in the past year against 13.3% growth of the industry.

Zacks Investment ResearchImage Source: Zacks Investment Research

The stock currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader industry are Cambium Networks Corporation (CMBM - Free Report) , Cogent Communications Holdings, Inc. (CCOI - Free Report) and Vicor Corporation (VICR - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Cambium delivered a trailing four-quarter earnings surprise of 46.5%, on average.

Cogent delivered a trailing four-quarter earnings surprise of 29%, on average.

Vicor delivered a trailing four-quarter earnings surprise of 80.6%, on average.

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