The technology sector is a rapidly growing area that has long provided high risk, high reward opportunities for investors. In this article, I will focus on five tech stocks that are taking big steps to increase profitability, which will likely boost their stock value. Alcatel-Lucent (ALU) has been focusing on expanding its high-speed broadband network in rural Texas through partnerships. CenturyLink (CTL), meanwhile, has solidified a $233 million deal with the Social Security Administration (SSA). Similarly, Windstream (WIN) has been boosting its profitability by focusing on saving clients money, while Frontier (FTR) has been focusing on advertising. Verizon (VZ) has also implemented new pricing structures for its FiOS internet service.
Alcatel-Lucent recently introduced a high-speed broadband connection in rural Texas, an area that has been seriously underserved in this regard up until now. This is the result of an agreement between Alcatel-Lucent and West Central Wireless, which is a “wholly-owned subsidiary of the Central Texas Telephone Cooperative.” The agreement will allow residents of rural Texas to have access to fast broadband connections on their mobile devices. It is good for these residents, therefore, but it should also benefit Alcatel-Lucent. It may seem like a relatively small move, but it should have a great effect on the stock.
The agreement has two major components. Alcatel-Lucent will enable West Central Wireless to launch a new 4G LTE (Long Term Evolution) service that will provide broadband to the rural area of Texas.To continue reading, click here.