Markets

AT&T to Sell FirstNet Ready LG V35 ThinQ at Retail Stores

AT&T Inc.T has announced that it will start selling the LG V35 ThinQ at its retail stores from Jun 8. This move is in line with the company's commitment to bring first responders more device options. FirstNet users can preorder the smartphone, starting Jun 1.

FirstNet is the country's first nationwide public safety communications platform, dedicated to first responders. It has been built by AT&T in a public-private partnership with the First Responder Network Authority.

The FirstNet Ready V35 ThinQ has built-in Band 14 access, allowing first responders to have more coverage and capacity as FirstNet expands nationwide. The smartphone will immediately accept a FirstNet SIM to let first responders know they are on a separate network. Prior to receiving the ready-for-use certification on FirstNet, the device completed more than 3,500 tests to ensure that it would meet the stringent industry demands.

Customers can buy the LG V35 ThinQ on AT&T Next for $30 a month for 30 months with eligible services. The smartphone supports LG GATE, which has government grade FIPS-140-2 certification and AES 256-bit encryption, making it highly secure. It is tough, durable and has far field voice recognition, which make it a great fit for those who work to keep the public safe.

AT&T is committed to bringing the first responders innovative, relevant and robust device options to tap into the power of its network. The FirstNet Project is likely to drive AT&T's prospects in 2018 and beyond.

However, over the past six months, shares of AT&T have underperformed the industry with an average loss of 10.8% compared with decline of 8.2% for the latter. Therefore, it remains to be seen how this new, innovative product offering will affect the top-line growth of the company in the coming quarters.

AT&T currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader industry are Mellanox Technologies, Ltd. MLNX , Infineon Technologies AG IFNNY and Rambus Inc. RMBS . While Mellanox Technologies and Infineon Technologies sport a Zacks Rank #1 (Strong Buy), Rambus carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Mellanox Technologies has an expected long-term earnings growth rate of 15%. It beat earnings estimates in each of the trailing four quarters, the average being 13%.

Infineon Technologies has an expected long-term earnings growth rate of 6.1%.

Rambus has an expected long-term earnings growth rate of 10%. It exceeded earnings estimates twice in the trailing four quarters with an average of positive surprise of 4.9%.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Want 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

AT&T Inc. (T): Free Stock Analysis Report

Rambus, Inc. (RMBS): Free Stock Analysis Report

Infineon Technologies AG (IFNNY): Free Stock Analysis Report

Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

IFNNY T RMBS

Other Topics

Stocks

Latest Markets Videos