Stock Track | Uniti Group Soars 5.03% as Kinetic Celebrates Success of Digital Literacy Program

Stock Track11-08

Uniti Group Inc (NASDAQ: UNIT) saw its stock price surge by 5.03% during Friday's trading session, following news of the success of its business unit Kinetic's Digital Literacy Program. The program, which recently celebrated its second anniversary, has been making significant strides in educating communities across Kinetic's 18-state footprint on internet safety and digital skills.

The Digital Literacy Program, a free comprehensive online resource, has reached thousands of users online and through in-person presentations. It offers 13 educational modules covering topics such as internet safety, streaming services, and computer programs. The initiative has been particularly impactful for senior citizens, who are often the primary targets of cyber scams. This focus on digital inclusion and community education appears to have resonated positively with investors.

While the stock's upward movement comes despite Wells Fargo maintaining an Equal-Weight rating and cutting the price target from $7.5 to $7, the market seems more focused on Uniti's efforts to enhance its service offerings and community engagement through Kinetic. The company's commitment to not just providing high-speed internet but also equipping users with the knowledge to use it effectively could be seen as a strategic move to strengthen its market position and customer relationships in the competitive telecom landscape.

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