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Verizon Crowned the Fastest Network in U.S. in Latest Study
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According to a latest study conducted byPCMag.com. , Verizon Communications Inc. (VZ - Free Report) is the fastest high-speed network operator among all other mobile networks in the U.S.
PCMag.com conducted a speed test among the four major carriers in 30 U.S. cities with Samsung Galaxy S8 phones that ran a customized version of Ookla’s Speedtest.net app. According to the test,Verizon offers the most reliable and consistent high-speed network overall.
Verizon topped the list with a total score of 97 points, whereas T-Mobile US, Inc. (TMUS - Free Report) and AT&T Inc. (T - Free Report) scored 96 and 93 points, respectively. With 74 points, Sprint Corporation (S - Free Report) finished last.
The result indicates the strong competition among the carriers to improve their individual network performance. Data speeds roughly double every two years, jumping from 50-60 Mbps in 2014 to 120 Mbps in 2016 and reaching 200 Mbps in the latest study by PCMag.com. While Verizon has the fastest mobile network overall, T-Mobile offers quite the same performance at a comparably less cost. Meanwhile, AT&T has the fastest average download speed in the nation. However, Sprint has the most inconsistent performance.
Verizon to Deploy 5G Wireless Network
Wireless network standards are continuously evolving around the globe to offer faster speed. Following significant deployment of 4G LTE networks, LTE-A (Long-Term Evolution Advanced) wireless networks are gradually finding a solid foothold globally. LTE-A network is a major step toward the smooth transition from 4G to the upcoming 5G network standard.
The wireless giant Verizon, which was the first to deploy the 4G LTE (Long-Term Evolution) network nationwide, is initially testing equipment at 15GHz, 28GHz, 39GHz and 64GHz frequency bands for 5G network deployment. The company is considering mobile hotspot and home-based fixed wireless for initial deployment of the next-generation 5G wireless networks in the U.S. in 2018. However, a full phased 5G wireless network will be offered only in 2020.
The company claims that its 5G network will provide a download speed of 1 Gbps (gigabit per second), which is 200 times the throughput of the currently available standard 4G LTE network. Latency period of data delivery will be in single milliseconds. Furthermore, 5G technology is designed to be more power efficient than any other standard wireless networks available these days. Therefore, 5G-enabled mobile devices are likely to last much longer than their 3G or 4G counterparts.
The U.S. telecom industry has lately emerged as an intensely contested space where success thrives largely on technical superiority, quality of services and scalability. Thus, in order to stay ahead of competitors, existing players need to be constantly on their toes to introduce innovative products. At this juncture, we believe that Verizon’s drive for 5G wireless network bodes well for future growth.
Price Performance of Verizon:
Over the past three months, share price of Verizon declined 7.18% compared to the Zacks categorized U.S. 'Wireless National 'industry’s loss of 6.39 %. The company currently holds Zacks Rank #4 (sell). However, AT&T, Sprint and T-Mobile US are currently enjoying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Verizon Crowned the Fastest Network in U.S. in Latest Study
According to a latest study conducted byPCMag.com. , Verizon Communications Inc. (VZ - Free Report) is the fastest high-speed network operator among all other mobile networks in the U.S.
PCMag.com conducted a speed test among the four major carriers in 30 U.S. cities with Samsung Galaxy S8 phones that ran a customized version of Ookla’s Speedtest.net app. According to the test,Verizon offers the most reliable and consistent high-speed network overall.
Verizon topped the list with a total score of 97 points, whereas T-Mobile US, Inc. (TMUS - Free Report) and AT&T Inc. (T - Free Report) scored 96 and 93 points, respectively. With 74 points, Sprint Corporation (S - Free Report) finished last.
The result indicates the strong competition among the carriers to improve their individual network performance. Data speeds roughly double every two years, jumping from 50-60 Mbps in 2014 to 120 Mbps in 2016 and reaching 200 Mbps in the latest study by PCMag.com. While Verizon has the fastest mobile network overall, T-Mobile offers quite the same performance at a comparably less cost. Meanwhile, AT&T has the fastest average download speed in the nation. However, Sprint has the most inconsistent performance.
Verizon to Deploy 5G Wireless Network
Wireless network standards are continuously evolving around the globe to offer faster speed. Following significant deployment of 4G LTE networks, LTE-A (Long-Term Evolution Advanced) wireless networks are gradually finding a solid foothold globally. LTE-A network is a major step toward the smooth transition from 4G to the upcoming 5G network standard.
The wireless giant Verizon, which was the first to deploy the 4G LTE (Long-Term Evolution) network nationwide, is initially testing equipment at 15GHz, 28GHz, 39GHz and 64GHz frequency bands for 5G network deployment. The company is considering mobile hotspot and home-based fixed wireless for initial deployment of the next-generation 5G wireless networks in the U.S. in 2018. However, a full phased 5G wireless network will be offered only in 2020.
The company claims that its 5G network will provide a download speed of 1 Gbps (gigabit per second), which is 200 times the throughput of the currently available standard 4G LTE network. Latency period of data delivery will be in single milliseconds. Furthermore, 5G technology is designed to be more power efficient than any other standard wireless networks available these days. Therefore, 5G-enabled mobile devices are likely to last much longer than their 3G or 4G counterparts.
The U.S. telecom industry has lately emerged as an intensely contested space where success thrives largely on technical superiority, quality of services and scalability. Thus, in order to stay ahead of competitors, existing players need to be constantly on their toes to introduce innovative products. At this juncture, we believe that Verizon’s drive for 5G wireless network bodes well for future growth.
Price Performance of Verizon:
Over the past three months, share price of Verizon declined 7.18% compared to the Zacks categorized U.S. 'Wireless National 'industry’s loss of 6.39 %. The company currently holds Zacks Rank #4 (sell). However, AT&T, Sprint and T-Mobile US are currently enjoying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>