At&T Stock Price, News & Analysis

AT&T reported third-quarter revenues of $39.9 billion, down 5.7% year-over-year, impacted by the separation of the U.S. Video business. However, diluted EPS rose to $0.82 from $0.39 the previous year. Operating income was $7.1 billion, influenced by reduced depreciation costs. Key highlights included 928,000 postpaid phone net adds and a rise in HBO Max subscribers to 69.4 million. The company expects full-year adjusted EPS growth at the high end of the low- to mid-single digits and aims for $26 billion in free cash flow.

AT&T is launching Notecard™, a solution designed to enhance the deployment of Internet of Things (IoT) devices globally. Developed by Blues Wireless, Notecard allows easy cloud connectivity with carrier-grade security using just two lines of code. By leveraging AT&T's LTE-M and NB-IoT networks, it aims to simplify IoT integration for various industries, contributing to a projected 40 billion connected devices by 2025 according to IDC. This solution reduces operational complexity and costs, potentially unlocking new revenue streams for manufacturers.

AT&T has launched a new Managed Extended Detection and Response (XDR) solution, designed to enhance cybersecurity for organizations. This cloud-based platform offers features like automated malware prevention, threat detection, and recovery, all backed by 24/7 monitoring. The solution addresses the increasing complexities of cyber threats while improving operational efficiency for security teams. Immediate availability allows clients to integrate advanced security measures swiftly, leveraging AT&T's award-winning Unified Security Management platform and machine learning capabilities.

On October 11, 2021, AT&T announced its recent achievement of winning two J.D. Power awards for business customer satisfaction. They secured the top position in the J.D. Power 2021 Business Wireless Satisfaction Study for large enterprises and medium businesses, following their earlier win in the Business Wireline Satisfaction Study. The awards reflect AT&T's commitment to enhancing customer support through significant operational transformations, including a 20% decrease in cycle time and increased on-time installation rates. Nearly 3 million businesses rely on AT&T for their connectivity needs.

On October 6, 2021, AT&T announced a strategic partnership with Frontier Communications to enhance fiber-optic connectivity for large enterprises. This collaboration aims to support AT&T's 5G mobility network and provide high-speed, low-latency connections in areas where AT&T lacks a fiber network. AT&T plans to expand its fiber infrastructure to reach 30 million locations by the end of 2025, while Frontier aims to provide fiber access to 10 million locations in the same timeframe. This agreement will allow AT&T to utilize Frontier's growing fiber network across 25 states.

AT&T Business introduced AT&T Dynamic Exchange (ADX), a solution enabling secure interconnectivity for businesses, facilitating seamless data sharing between partners. Utilizing AT&T Switched Ethernet on Demand or AT&T Virtual Private Network, ADX allows organizations to establish connections in minutes without long-term contracts. Key features include flexible bandwidth adjustments, secure connections with MPLS or Ethernet, and a pay-as-you-go model through a self-service web portal. Upcoming enhancements are set for 2022, including dynamic connectivity to public clouds and a business ecosystem online marketplace.

The U.S. Air Force has selected FirstNet, built with AT&T, to provide priority communications for public safety personnel at 15 bases nationwide. This agreement, covering a 21-year term, aims to modernize communication systems in alignment with national defense strategies. FirstNet will offer dedicated connectivity, supporting both LTE and 5G capabilities, enabling reliable communication among base first responders. With access to over 100 portable cell sites, FirstNet enhances operational readiness during critical events.

On October 5, 2021, AT&T announced enhanced capabilities for its Managed LAN service with the introduction of new SD-LAN and SD-Access features. These upgrades facilitate better data traffic optimization and provide businesses with improved network management through advanced visibility and analytics. The solution integrates wired and wireless user access, leveraging Wi-Fi 6 technology for higher speed and lower latency. AT&T Managed LAN aims to simplify operations, reduce IT burdens, and enhance security for organizations, potentially benefiting diverse sectors, including healthcare.

Xandr, a business unit of AT&T, has partnered with Estrella Media to make the latter's ad-supported digital inventory available on the Xandr Marketplace. This collaboration aims to enhance access to Hispanic CTV inventory, catering to the growing Hispanic population in the US, which comprises about 19% of the total population. Estrella Media reaches 10 million unique visitors monthly, providing diverse programming, including news and entertainment. The Xandr Monetize platform will assist Estrella Media in optimizing inventory management and improving ad sales efficiency.