Can ATUS Stock Benefit From Expansion of Fiber Footprint?

Zacks11-22 23:11

Altice USA Inc. ATUS subsidiary Optimum has reached a milestone of 100% fiber connectivity across 500,000 residential customers. The unique feat was achieved on the back of significant investments to ...

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The unique feat was achieved on the back of significant investments to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/atus-stock-benefit-expansion-fiber-151100396.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can ATUS Stock Benefit From Expansion of Fiber Footprint?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan ATUS Stock Benefit From Expansion of Fiber Footprint?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 23:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/atus-stock-benefit-expansion-fiber-151100396.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Altice USA Inc. ATUS subsidiary Optimum has reached a milestone of 100% fiber connectivity across 500,000 residential customers. The unique feat was achieved on the back of significant investments to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/atus-stock-benefit-expansion-fiber-151100396.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7KXQ091.USD","symbol_name":"Janus Henderson Balanced A Inc USD","start_time":0,"source_url":"https://finance.yahoo.com/news/atus-stock-benefit-expansion-fiber-151100396.html","article_id":"2485296816","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/irNHutLpApSPaMUgcPaq5Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/306e94007e8260e95ff74a73f05e6f54"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485296816","pubTimestamp":1732288260,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Altice USA Inc. ATUS subsidiary Optimum has reached a milestone of 100% fiber connectivity across 500,000 residential customers. The unique feat was achieved on the back of significant investments to expand its fiber network footprint across its service areas. These include a $40 million investment in Long Island this year and a multi-million-dollar infrastructure upgrade in the Northeast markets over the last several years.Altice has also forayed into new markets to strengthen its regional presence. The company has expanded in markets like Montclair and West Orange, NJ, to bring Optimum Fiber services to key communities, while solidifying its fiber network presence across the broader New York tri-state region.The company remains on track with its five-year plan to build a fiber-to-the-home  network and deploy its home communications hub. It believes that the FTTH network will be more resilient with reduced maintenance requirements and lower power usage. Altice is building a fiber netw","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","NVDS.UK":"LS -1X NVIDIA","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","NVD":"GraniteShares 2x Short NVDA Daily ETF","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","2NVD.UK":"2X NVIDIA ETP","NVDD":"Direxion Daily NVDA Bear 1X Shares","BK4529":"IDC概念","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","ATUS":"Altice USA Inc.","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","3NVD.UK":"LS 3X NVIDIA","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","WDAY":"Workday","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","NVDA":"英伟达","ANET":"Arista Networks, Inc.","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4503":"景林资产持仓","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","SNVD.UK":"LS -1X NVIDIA","NVD2.UK":"2X NVIDIA ETP","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","NVD3.UK":"LS 3X NVIDIA"},"translate_title":"ATUS股票能否从光纤足迹的扩大中受益？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANET":1,"ATUS":1,"NVDA":1,"WDAY":0.9,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Altice USA Inc. ATUS subsidiary Optimum has reached a milestone of 100% fiber connectivity across 500,000 residential customers. The unique feat was achieved on the back of significant investments to expand its fiber network footprint across its service areas. These include a $40 million investment in Long Island this year and a multi-million-dollar infrastructure upgrade in the Northeast markets over the last several years.Altice has also forayed into new markets to strengthen its regional presence. The company has expanded in markets like Montclair and West Orange, NJ, to bring Optimum Fiber services to key communities, while solidifying its fiber network presence across the broader New York tri-state region.The company remains on track with its five-year plan to build a fiber-to-the-home (FTTH) network and deploy its home communications hub. It believes that the FTTH network will be more resilient with reduced maintenance requirements and lower power usage. Altice is building a fiber network to deliver broadband speeds of up to 10 Gbps, which underscores its investment in technology.\nATUS Focusing on Inorganic Growth\nAltice subsidiary Lightpath is also set to significantly boost its fiber network capabilities through the proposed acquisition of United Fiber and Data (“UFD”). UFD operates a 323-route mile high-fiber network stretching from New York City to Ashburn, VA, a critical link between the largest U.S. population center and the world's leading data center hub. Additionally, UFD’s 79-route mile metro network in New York City and New Jersey connects more than 350 enterprise and data center locations. This includes a high-fiber crossing of the Hudson River, enhancing Lightpath's existing infrastructure.UFD’s vast geographical network complements Lightpath's current infrastructure, expanding its network to more than 20,000 route miles and enhancing its connectivity with over 140 data centers and seven cable landing stations. This will allow Lightpath to offer more regionally diverse, high-capacity services across the East Coast, particularly benefiting high-demand areas like Manhattan and the Ashburn data ecosystem.With the acquisition, Lightpath will significantly increase its enterprise and data center coverage in Manhattan. Altice’s connectivity solutions stand to witness robust enhancement through Lightpath’s acquisition of UFD. The buyout not only expands Lightpath's fiber network footprint and technological capabilities but also reinforces its position in high-growth markets, promising substantial benefits for both companies and their customers.\nATUS Stock to Reap the Benefits?\nAltice is focused on expanding its network for increased market penetration and fiber network upgrades for long-term sustainable growth. It plans to bring 100% fiber broadband to more than two-thirds of its footprint over the next few years to reach a total of 6.5 million FTTH passings by the end of 2025. Strategic acquisitions allow Altice to benefit from greater scale and operating efficiency while expanding its fiber footprint.This expanded service capability is expected to attract more customers and increase market share. This, in turn, is likely to translate into incremental revenues and boost the stock.\nZacks Rank\nAltice carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nOther Players Operating in the Space\nArista Networks, Inc. ANET, carrying a Zacks Rank #2 (Buy) at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 16% and delivered an earnings surprise of 14.8%, on average, in the trailing four quarters.It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.NVIDIA Corporation NVDA, currently flaunting a Zacks Rank #1, is another key pick in the broader industry. It is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit or GPU. Over the years, the company’s focus has evolved from PC graphics to AI-based solutions that now support high-performance computing, gaming and virtual reality platforms.The company’s GPU platforms are playing major roles in developing multi-billion-dollar end-markets like robotics and self-driving vehicles. NVIDIA has a long-term earnings growth expectation of 35.7% and delivered an earnings surprise of 9.8%, on average, in the trailing four quarters.Workday Inc. WDAY, carrying a Zacks Rank #2, has a long-term earnings growth expectation of 21% and delivered an earnings surprise of 9.1%, on average, in the trailing four quarters. It is a leading provider of enterprise-level software solutions for financial management and human resource domains. Workday’s cloud-based business model and expanding product portfolio have been the primary growth drivers. Moreover, the growing clout of Workday Prism Analytics and Adaptive Insights business planning cloud offerings holds promise.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nWorkday, Inc. (WDAY) : Free Stock Analysis Report\nArista Networks, Inc. (ANET) : Free Stock Analysis Report\nAltice USA, Inc. (ATUS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485296816"}