CommScope (COMM) Aims to Boost Rural Broadband in Ontario

CommScope Holding Company, Inc. COMM has announced a collaboration with Xplore Inc. to enhance rural broadband services in Ontario, Canada. This partnership aims to connect more than 35,000 homes and businesses to fiber Internet as part of Ontario's Accelerated High-Speed Internet Program.

The Government of Ontario has pledged close to $4 billion to extend reliable, high-speed Internet to underserved communities by 2025. The substantial investment underscores the province's commitment to ensuring universal access to the digital world, making it the largest initiative of its kind in Canada’s history.

CommScope's involvement in the project extends through its Professional Services division, providing design, permitting and networking solutions alongside Xplore. Through collaboration with CommScope, Xplore aims to establish a robust broadband network in rural Ontario, enabling residents to access reliable high-speed Internet.

The partnership's benefits extend beyond connectivity. They include gigabit-speed streaming, enhanced video calls and improved access to telemedicine services for rural communities across eastern, central and southwestern Ontario. This initiative aligns with CommScope's global mission to expand broadband access, showcasing its dedication to fostering economic growth and technological advancement.

By leveraging their expertise and resources, both companies are poised to bring transformative benefits to communities while advancing their own strategic objectives in the burgeoning broadband market.

CommScope is focused on sound technology, a highly efficient supply chain and a commitment to continuous improvement. This will potentially make the company a preferred partner for all telecommunications businesses as the entire industry moves toward 5G.

With operators moving toward converged or multi-use network structures, combining voice, video and data communications into a single network, CommScope is dedicatedly developing solutions designed to support wireline and wireless network convergence, which will be essential for the success of 5G technology. Its product portfolio has been specifically designed to help global service providers efficiently deploy fiber networks. This augurs well for its long-term growth prospects. The company also continues to be one of the leading suppliers of intelligent antenna platforms for FirstNet deployments.

The stock has lost 79.8% in the past year compared with the industry’s decline of 55.4%.

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Zacks Rank & Key Picks

CommScope currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Airgain, Inc. AIRG currently carries a Zacks Rank #2 (Buy). It has a long-term earnings growth expectation of 35%.

Headquartered in San Diego, CA, Airgain offers integrated wireless solutions in the form of antenna products. These products are equipped to solve critical connectivity needs in both the design process and the operating environment across the enterprise, automotive and consumer markets. Ideal for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide, the customizable antennas from Airgain serve both indoor and outdoor connectivity issues.

Pinterest Inc. PINS, sporting a Zacks Rank #1, delivered a trailing four-quarter average earnings surprise of 37.4%. In the last reported quarter, it delivered an earnings surprise of 3.92%.

Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, PINS continues to dramatically improve the advertising platform, which appears to be one of the best ad platforms for consumer discretionary brands looking for ways to reach customers and stretch smaller ad budgets.

Headquartered in White Plains, NY, Turtle Beach Corporation HEAR develops and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices under the Turtle Beach brand.

Turtle Beach is well-positioned to benefit from quality products and enjoys a solid foothold in its served markets. Its headsets are suited for learning and working remotely via video or audio conferencing. This Zacks Rank #2 stock has a long-term earnings growth expectation of 16%. It has a VGM Score of A.

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

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