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T-Mobile (TMUS) Ultra Capacity 5G Reaches 200 Million People

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T-Mobile US, Inc. (TMUS - Free Report) has announced that it now covers 200 million people with Ultra Capacity 5G.

The Bellevue, WA-based wireless carrier has reached its 2021 goal ahead of schedule, bringing the game-changing 5G performance to the majority of Americans. Also, T-Mobile’s Extended Range 5G covers 308 million people across 1.7 million square miles.

The Ultra Capacity 5G delivers superfast speeds to a lot of people, powering 5G smartphones and enabling innovators to deliver transformational 5G experiences.

T-Mobile’s Ultra Capacity 5G network is powered by the mid-band 2.5 GHz spectrum. While other wireless players focused on the millimeter wave, T-Mobile executed a multi-band spectrum strategy of using low-band Extended Range to cover the country and Ultra Capacity to bring fast 5G speeds to the maximum number of people.

T-Mobile plans to reach 300 million people in the next two years. That’s more than 90% of Americans.

T-Mobile’s diversified growth strategy and network leadership are noteworthy. The stock has lost 8.7% in the past year compared with the industry’s decline of 11.9%.

Zacks Investment ResearchImage Source: Zacks Investment Research

The company continues to expand its 5G network to bring fast and affordable wireless service across the country while helping Americans to get access to the latest products and technology. It also intends to bring more competition to home broadband, especially in underserved rural markets.

TMUS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearfield, Inc. (CLFD - Free Report) is a better-ranked stock in the broader Zacks Computer and Technology sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 30 days.

Clearfield delivered a trailing four-quarter earnings surprise of 50.8%, on average. It has soared 194.3% in the past year.

Qualcomm, Inc. (QCOM - Free Report) is another solid pick for investors, carrying a Zacks Rank #2 (Buy). The consensus estimate for current-year earnings has been revised 1.1% upward over the past seven days.

Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. It has gained 13.3% in the past year.

Harmonic, Inc. (HLIT - Free Report) also carries a Zacks Rank #2. The consensus estimate for current-year earnings has been revised 23.1% upward over the past 30 days.

Harmonic delivered a trailing four-quarter earnings surprise of 61.1%, on average. The stock has appreciated 65.4% in the past year.

In-Depth Zacks Research for the Tickers Above

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