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T-Mobile (TMUS) Stock Shows Resilience Despite Data Breach
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T-Mobile US, Inc. (TMUS - Free Report) recently announced that it has suffered a data breach that compromised some details of about 3% of its total 77 million users or about 2 million customers. Despite the bug that enabled hackers to gain access to some of the customer records, a prompt action by the cybersecurity experts of the company prevented them from gaining any information about financial data, social security numbers or passwords. Regardless of the setback, shares of the company remained fairly resilient and marginally inched up to close at $65.41 on Aug 24, 2018.
In an official statement released by the company, management revealed that customer details such as names, billing zip codes, phone numbers, email addresses, account numbers and account type (whether prepaid or postpaid) were only compromised. T-Mobile cybersecurity experts were able to thwart any further damage once the data theft was detected and shut down the unauthorized access. At the same time, the company informed the affected customers about the issue, although the advisory acknowledged that no action was required from their end.
This is the second instance of data breach in T-Mobile this year after a similar incident was reported in May. It involved a security bug on the company website that enabled anyone to get access to the subscriber’s personal details such as name, address and in some cases even their tax details. The issue was promptly handled by the company as soon as it became aware of the bug, with no customer information being reportedly compromised.
A similar such data breach was also reported in October last year, which enabled hackers to get access to user's email addresses, accounts and a phone's IMSI network code by just obtaining the phone number of the user. T-Mobile resolved this vulnerability promptly after it was put into its notice and no customer record was reportedly exploited.
T-Mobile's network is reportedly the fastest in America in both download and upload speeds. By 2018-end, the company is targeting a population coverage of 325 million and a geographic coverage of 2.5 million square miles. The company plans to use its 600 MHz spectrum holdings to deploy America’s first nationwide 5G network expected by 2020. Further, the company has successfully conducted Narrowband Internet of Things tests, live on its commercial network. T-Mobile is also planning to team up with dark fiber partners to backhaul small cell densification project.
Backed by impressive subscriber additions and mounting performance, T-Mobile has outperformed the industry in the past six months with an average return of 7.9% compared with 4.3% rise for the latter. T-Mobile's improved mobile plans, stellar network performance, deployment of LTE-U technology and attractive unlimited data plans are key factors behind its solid performance. These are ably supported by improving scale, healthy free cash flow generation, strong liquidity and valuable spectrum assets.
T-Mobile currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are Aquantia Corp. , Telenav, Inc. and Windstream Holdings, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Aquantia delivered an average positive earnings surprise of 50% in the trailing four quarters.
Telenav has a long-term earnings growth expectation of 25%. It delivered an average positive earnings surprise of 3.7% in the trailing four quarters.
Windstream Holdings delivered an average positive earnings surprise of 23.5% in the trailing four quarters.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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T-Mobile (TMUS) Stock Shows Resilience Despite Data Breach
T-Mobile US, Inc. (TMUS - Free Report) recently announced that it has suffered a data breach that compromised some details of about 3% of its total 77 million users or about 2 million customers. Despite the bug that enabled hackers to gain access to some of the customer records, a prompt action by the cybersecurity experts of the company prevented them from gaining any information about financial data, social security numbers or passwords. Regardless of the setback, shares of the company remained fairly resilient and marginally inched up to close at $65.41 on Aug 24, 2018.
In an official statement released by the company, management revealed that customer details such as names, billing zip codes, phone numbers, email addresses, account numbers and account type (whether prepaid or postpaid) were only compromised. T-Mobile cybersecurity experts were able to thwart any further damage once the data theft was detected and shut down the unauthorized access. At the same time, the company informed the affected customers about the issue, although the advisory acknowledged that no action was required from their end.
This is the second instance of data breach in T-Mobile this year after a similar incident was reported in May. It involved a security bug on the company website that enabled anyone to get access to the subscriber’s personal details such as name, address and in some cases even their tax details. The issue was promptly handled by the company as soon as it became aware of the bug, with no customer information being reportedly compromised.
A similar such data breach was also reported in October last year, which enabled hackers to get access to user's email addresses, accounts and a phone's IMSI network code by just obtaining the phone number of the user. T-Mobile resolved this vulnerability promptly after it was put into its notice and no customer record was reportedly exploited.
T-Mobile's network is reportedly the fastest in America in both download and upload speeds. By 2018-end, the company is targeting a population coverage of 325 million and a geographic coverage of 2.5 million square miles. The company plans to use its 600 MHz spectrum holdings to deploy America’s first nationwide 5G network expected by 2020. Further, the company has successfully conducted Narrowband Internet of Things tests, live on its commercial network. T-Mobile is also planning to team up with dark fiber partners to backhaul small cell densification project.
Backed by impressive subscriber additions and mounting performance, T-Mobile has outperformed the industry in the past six months with an average return of 7.9% compared with 4.3% rise for the latter. T-Mobile's improved mobile plans, stellar network performance, deployment of LTE-U technology and attractive unlimited data plans are key factors behind its solid performance. These are ably supported by improving scale, healthy free cash flow generation, strong liquidity and valuable spectrum assets.
T-Mobile currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are Aquantia Corp. , Telenav, Inc. and Windstream Holdings, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Aquantia delivered an average positive earnings surprise of 50% in the trailing four quarters.
Telenav has a long-term earnings growth expectation of 25%. It delivered an average positive earnings surprise of 3.7% in the trailing four quarters.
Windstream Holdings delivered an average positive earnings surprise of 23.5% in the trailing four quarters.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>