Corning And AT&T Sign $1 Billion+ Deal To Supercharge Fiber Network
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
0mins
Should l Buy T?
Source: Benzinga
Corning and AT&T Partnership: Corning Incorporated has signed a multi-year agreement valued over $1 billion with AT&T to supply advanced fiber and connectivity solutions, enhancing AT&T's fiber network expansion for high-speed internet access across the U.S.
Market Reaction: Following the announcement, Corning's shares (GLW) rose by 2.25% in premarket trading, reflecting positive investor sentiment regarding the partnership and Corning's strategic plans for growth.
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Analyst Views on T
Wall Street analysts forecast T stock price to rise
15 Analyst Rating
8 Buy
5 Hold
2 Sell
Moderate Buy
Current: 24.870
Low
20.00
Averages
28.27
High
33.00
Current: 24.870
Low
20.00
Averages
28.27
High
33.00
About T
AT&T Inc. is a holding company. The Company is a provider of telecommunications and technology services globally. The Company’s segments include Communications and Latin America. The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the United States and businesses globally. The business units of the Communication segment include Mobility, Business Wireline, and Consumer Wireline. Mobility provides nationwide wireless service and equipment. Business Wireline provides advanced Ethernet-based fiber services, Internet Protocol (IP) Voice and managed professional services, as well as legacy voice and data services and related equipment, to business customers. Consumer Wireline provides broadband services, including fiber connections. Consumer Wireline provides legacy telephony voice communication services. The Latin America segment provides wireless services and equipment in Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Financial Restructuring: AT&T has effectively reduced its debt burden by selling media assets and cutting dividends, resulting in a recovery of its credit rating to investment grade with a BBB rating from S&P Global, indicating a substantial improvement in financial health.
- Strong Q1 Performance: In the first quarter of 2026, AT&T added 294,000 postpaid phone users, although lower than last year's 324,000, it still reflects stable market demand following three consecutive quarters of over 400,000 additions.
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- Satellite Launch Plans: ASTS aims to launch 45 satellites by the end of 2026; despite the current poor performance, the company maintains its full-year revenue guidance of $150 million to $200 million, demonstrating confidence in future growth prospects.
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- Dividend Resurgence: Currently, AT&T's dividend payout ratio is only half of its estimated earnings for 2026, with a dividend yield of 4.4%, providing ample room for future dividend increases, which highlights the company's financial stability and attractiveness to income-focused investors.
- User Growth: Despite a mature U.S. wireless market, AT&T added 294,000 postpaid users in Q1 2026, slightly down from 324,000 a year ago, but this follows three consecutive quarters of over 400,000 additions, indicating sustained growth potential in its core business.
- Optimistic Earnings Outlook: AT&T's stock trades at less than 11 times its estimated 2026 earnings, with management expecting double-digit annual growth in earnings per share through 2028; Wall Street analysts also project 11% to 12% annual growth over the next three to five years, making its valuation highly attractive.
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