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Altice's (ATUS) Optimum to Launch Multi-Gig Fiber Network

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Altice USA Inc. (ATUS - Free Report) brand Optimum is set to deliver more than twice as much as residential Internet speeds offered by the competitors using its new network of Optimum 5 Gig Fiber Internet. Unlike other Internet service providers, this fiber network will deliver a powerful connection to the Internet gateway without installing any bulky equipment in the residential areas, ensuring the fastest possible speeds. It also plans to launch Optimum 2 Gig Fiber Internet to offer additional fiber network connectivity options to customers.

The Optimum 5 Gig and 2 Gig Fiber Internet will offer symmetrical speeds to customers, aiding them to enjoy symmetrical upload speeds, download speeds, high-resolution video streaming up to 8K and low latency seamless gaming experience with a reliable and secure network. Additionally, the network will enable customers to enjoy Smart Wi-Fi 6 connectivity with mesh technology to deliver greater home Wi-Fi coverage, even in remote areas.

The 5 Gig and 2 Gig network, to be delivered on Optimum’s new 100% Fiber Internet Network, will be launched at the beginning of June in selected parts of Long Island and steadily get introduced across the company’s entire Tri-State fiber footprint by the year end.    

Altice is providing high-speed broadband and ultra-HD video to digital advertising solutions, local news, telephony and wireless offerings. It is focusing on accelerating its network expansion along with market penetration and fiber network upgrade for long-term sustainable growth. It is offering a range of broadband speeds for all budgets, from Altice Advantage Internet to multi-gigabit services for enterprise customers. The company is also focusing on accelerating the pace of its network rollouts, witnessing strong momentum and growing customer penetration, typically reaching about 40% within a year of rollout in new build areas.

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Altice has lost 70.6% over the past year against the industry’s decline of 12.2%.

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

Coupa Software Incorporated (COUP - Free Report) is a better-ranked stock in the broader Zacks Computer and Technology sector, carrying a Zacks Rank #2 (Buy). Coupa Software has a long-term earnings growth expectation of 22.32%.

Coupa Software’s smart and efficient spend-control programs that provide enhanced reporting and analytics have been the primary reason behind its expanding clientele.

SAP SE (SAP - Free Report) , carrying a Zacks Rank #2, is a key pick for stock investors. SAP has a long-term earnings growth expectation of 5.89%.

SAP, with its Rise with SAP solution, was adopted by clients, including Accenture, Canon Production Printing, Exide Industries Limited, NEC Corporation, Qinqin Food, Rising Auto and TELUS.

Silicon Motion Technology (SIMO - Free Report) also carries a Zacks Rank #2. It has a long-term earnings growth expectation of 9%, with an earnings surprise of 3.8% on average in the trailing four quarters.

Silicon Motion has established itself as the leading merchant supplier of client SSD controller to module makers, including most leaders in the United States.