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AT&T Expands Fiber Ultra-Fast Internet Service in Indiana

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AT&T Inc. (T - Free Report) has deployed ultra-fast Internet service in South Bend, IN to transform the way people connect to each other. Remarkably, the company has extended its service to 71 metro areas across the United States. It has also invested in fiber at the core of its networks to provide high-speed Internet service to the residents and businesses across the region.

The company is conducting one of the nation's first fixed 5G trials using millimeter wave spectrum in South Bend, which is one of the four cities in the nation where AT&T is currently conducting the trials.

AT&T Fiber is an ultra-fast Internet platform that provides customers a more secure and faster network connection. The 100% fiber optic cable network provides Internet starting with a 1000Mbps connection. The fiber optic cables in network send more information over long distances compared to copper cables.

Notably, AT&T has reached to more than 9 million locations across the nation where it provides ultra-fast low-latency Internet service powered by AT&T Fiber. It now plans to reach at least 14 million locations in around 84 metro areas by the middle of 2019. Such strategic expansion has enabled the company to retain its position as the largest provider of fiber for business services. As of now, it covers more than 1.8 million business customer locations. The eligible location plans are designed to deliver the same speed including AT&T Internet 100, AT&T Internet 300 and AT&T Internet 1000.

AT&T’s fiber expansion across the nation is likely to help it achieve its goal to be the first U.S. carrier to provide mobile 5G service, which it intends to introduce in 12 cities by the end of this year. It is planning to bring 100% fiber network powered by AT&T Fiber to parts of 13 additional metro areas.

In the past three months, the stock has underperformed the industry with an average loss of 11.2% compared with a decline of 2.4% for the latter. It remains to be seen whether the national carrier’s service expansion strategy can help it improve profitability.

AT&T currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader industry include Comtech Telecommunications Corp. (CMTL - Free Report) , Motorola Solutions, Inc. (MSI - Free Report) and Ubiquiti Networks, Inc. (UBNT - Free Report) . While Comtech sports a Zacks Rank #1 (Strong Buy), Motorola and Ubiquiti carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.             

Comtech has a long-term earnings growth expectation of 5%. It beat earnings estimates in each of the trailing four quarters, the average being 123.7%.        

Motorola has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 12.1%.  

Ubiquiti has a long-term earnings growth expectation of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters with an average positive surprise of 8.9%.   

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