From Nasdaq: 2024-11-22 10:11:00

Altice USA Inc. subsidiary Optimum achieves 100% fiber connectivity for 500,000 residential customers through significant investments in expanding its fiber network. Altice also expands into new markets like Montclair and West Orange, NJ, strengthening its regional presence with Optimum Fiber services and a five-year plan to build a fiber-to-the-home network.

Altice’s subsidiary Lightpath plans to enhance its fiber network capabilities by acquiring United Fiber and Data, which operates a high-fiber network linking New York City to Ashburn, VA. This acquisition will expand Lightpath’s network to over 20,000 route miles, connecting over 140 data centers and seven cable landing stations, benefiting high-demand areas like Manhattan.

Altice focuses on expanding its network to reach 6.5 million FTTH passings by 2025, anticipating increased market penetration and incremental revenues. Strategic acquisitions and enhanced service capabilities are expected to attract more customers and boost the stock. Altice carries a Zacks Rank #3 (Hold) and is positioned for long-term sustainable growth.

Other key players in the industry, such as Arista Networks, NVIDIA Corporation, and Workday Inc., hold promising growth prospects. Arista Networks, with a Zacks Rank #2 (Buy), is set to benefit from strong momentum and diversification, while NVIDIA Corporation, a Zacks Rank #1 stock, leads in visual computing technologies and AI-based solutions. Workday Inc., also carrying a Zacks Rank #2, offers enterprise-level software solutions for financial management and human resources, with a growing product portfolio and cloud-based business model.

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Read more at Nasdaq: Can ATUS Stock Benefit From Expansion of Fiber Footprint?