AT&T Inc. (T - Free Report) has announced that it will start selling the LG V35 ThinQ at its retail stores from Jun 8. This move is in line with the company’s commitment to bring first responders more device options. FirstNet users can preorder the smartphone, starting Jun 1.
FirstNet is the country's first nationwide public safety communications platform, dedicated to first responders. It has been built by AT&T in a public-private partnership with the First Responder Network Authority.
The FirstNet Ready V35 ThinQ has built-in Band 14 access, allowing first responders to have more coverage and capacity as FirstNet expands nationwide. The smartphone will immediately accept a FirstNet SIM to let first responders know they are on a separate network. Prior to receiving the ready-for-use certification on FirstNet, the device completed more than 3,500 tests to ensure that it would meet the stringent industry demands.
Customers can buy the LG V35 ThinQ on AT&T Next for $30 a month for 30 months with eligible services. The smartphone supports LG GATE, which has government grade FIPS-140-2 certification and AES 256-bit encryption, making it highly secure. It is tough, durable and has far field voice recognition, which make it a great fit for those who work to keep the public safe.
AT&T is committed to bringing the first responders innovative, relevant and robust device options to tap into the power of its network. The FirstNet Project is likely to drive AT&T’s prospects in 2018 and beyond.
However, over the past six months, shares of AT&T have underperformed the industry with an average loss of 10.8% compared with decline of 8.2% for the latter. Therefore, it remains to be seen how this new, innovative product offering will affect the top-line growth of the company in the coming quarters.
AT&T currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader industry are Mellanox Technologies, Ltd. (MLNX - Free Report) , Infineon Technologies AG (IFNNY - Free Report) and Rambus Inc. (RMBS - Free Report) . While Mellanox Technologies and Infineon Technologies sport a Zacks Rank #1 (Strong Buy), Rambus carries 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 beat earnings estimates in each of the trailing four quarters, the average being 13%.
Infineon Technologies has an expected long-term earnings growth rate of 6.1%.
Rambus has an expected long-term earnings growth rate of 10%. It exceeded earnings estimates twice in the trailing four quarters with an average of positive surprise of 4.9%.
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