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AT&T (T) Inks Deals With Aira and RED, to Expand Footprint

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AT&T Inc. (T - Free Report) has extended its global agreement with Aira, an assistive community, enabling instant access to visual information for anyone, anytime and anywhere.

Aira is taking its services to Australia, Canada and the U.K. and has decided to make AT&T its global data provider. It plans to extend its services in Australia and Canada this month and in the U.K. later this year.

AT&T and Aira have worked together in the Unites States for more than a year, to help visually impaired persons to complete their daily tasks more easily.

The AT&T global network connects Aira's smart glasses, worn by visually impaired people to trained and professional agents. The agents use a built-for-purpose dashboard that provides details of the users along with a secure, near real-time stream of video. Information is provided to the users so that they can perform almost any task by themselves. The combination of Aira's groundbreaking assistive technology and AT&T’s highly secure global wireless connectivity is aimed at helping users to see the world around them.

Aira has worked with the AT&T Foundry for Connected Health to improve the delivery of the technology platform. It is now working with AT&T to extend the availability of its services across the globe.

At the same time, in a separate development, RED has announced the upcoming launch of its HYDROGEN ONE smartphone, which will be available through AT&T later this summer.

The smartphones are likely to provide customers with significant advancement in the way they create and view content on the leading network for entertainment. AT&T plans to give these innovative devices for video streaming.

With the smartphone, customers will be able to look around, below and into the screen's image with a four-view holographic display, better than 3D.

However, it remains to be seen how these developments will affect the top-line growth of the company.

Over the past three months, shares of AT&T have underperformed the industry with an average loss of 14.1% compared with decline of 8.1% for the latter.   

    

AT&T currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader industry are Mellanox Technologies, Ltd. (MLNX - Free Report) , Rambus Inc. (RMBS - Free Report) and SMART Global Holdings, Inc. (SGH - Free Report) . While Mellanox Technologies sports a Zacks Rank #1 (Strong Buy), Rambus and SMART Global carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.         

Mellanox Technologies has an expected long-term earnings growth rate of 15%. It exceeded earnings estimates in each of the trailing four quarters, with an average of 13%.   

Rambus has an expected long-term earnings growth rate of 10%. It exceeded earnings estimates twice in the trailing four quarters, with a beat of 4.9%.        

SMART Global has an expected long-term earnings growth rate of 15%. It exceeded earnings estimates thrice in the trailing four quarters, with an average of 16.9%.    

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