In the contemporary world, every succeeding decade talks about the arrival of a new G. And the recent generation of the internet which has covered the front page of several magazines is the 5G. According to the Cellular Telecommunications Industry Association, there is cutthroat competition between the United States and China.
But it looks like that U.S. has surpassed China and quickened its step with making it an important focus of the government. It has successfully prepared the infrastructural background and other necessities to launch it in its planned locations.
The President of the United States, Donald Trump, along with the chairman of the FCC (Federal Communications Commission), Ajit Pai, recently spoke about the various strategies in this regard. Their words have brought America’s plans into the core purview of the media.
Building Up the Rural Networking
America has shown its equal concern towards rural networking. So, the FCC has built a plan to invest about $20.4 billion in the coming 10 years. They’re doing so in order to escalate the best quality broadband networking in rural locations. This particular plan has been named the “Rural Digital Opportunity Fund.”
Under this plan, the FCC has decided to enact a policy of reverse auction. It will fund those seeking to provide network services in these rural areas. Those areas facing the absence of high-speed network capabilities (between 25Mbps-3Mbps) will be auctioned. Key firms expected to fight for this plan include T-Mobile US, Inc. (TMUS), CenturyLink, Inc. (CTL) and US Cellular Corporation (USM).
With the networking modernization, people living in rural areas will be able to see the introduction of 5G sensors, methods of cloud computing and Artificial Intelligence. All of this, as a result, could accelerate the production of farming. The plan aims to bring the 5G network to at least 4 million rural families.
Until now, the FCC has been successful in auctioning 1,550 MHz since November of last year. And now the FCC has unveiled its 3rd round of auctions. The zeal to be on the top among others running the same race also inspire more competition.
The upcoming auction will be the largest one including 3,400 MHz, which will be available for three spectrum bands – 37,39 and 47GHz. Verizon Communications Inc. (VZ), Sprint Corporation (S), & AT&T Inc. (T), for example, expect to have strong competition as each one of them is a 5G service provider in the U.S.
5G Network-Private or Government Intensive?
In recent news, President Donald Trump continues to refute statements that the government will own 5G. Through his statements, he has cleared that the government has no intention to nationalize this sector. Instead, they are focusing on encouraging the privatization of the sector.
He also remarked that as America is a country with a private sector approach, so to is there no such intention. And even the government is not planning to spend a large sum of money as private bodies will better run this sector.
In the end, it will be interesting to watch who will surpass everyone else in this race of network supremacy.
Blackberry Stock Price Corrects 23% In A Month, A Value Buy?
There was a time when BlackBerry Limited (BB) used to be one of the leaders of the telecommunication industry by virtue of its smartphones. However, the company’s glory days are well in the past and the stock declined by more than 15% recently after it released its results for Q1 2019. The stock is now trading less than $8 but at the same time, it is important to note that the company has managed to deliver as far as its top-line figures are concerned.
Poor Earnings Lower Blackberry Stock Price
The software and services division is now the company’s most important division. It has emerged as the biggest revenue generator for the Canadian company. Overall sales for Blackberry rose 16% year over year in the latest reported quarter.
However, in the software and services, it was a far more pleasing picture. Its GAAP revenues rose 27% year over year. The company seems to be on the right track in terms of its plan to turn around. But the market doesn’t seem to take a fancy to it. The reasons behind this might have something to do with allegations made by certain parties.
They say that the company uses non-GAAP methods to report earnings. If there is any kind of accounting cloud over a company, growth may be far away.
Where Does This Leave Blackberry Stock Price?
However, Blackberry has been quick to defend itself against these allegations. Financial disclosures of the company are fully SEC compliant. It remains to be seen whether the SEC takes an interest in the matter.
This problem has been the biggest reason behind the underperformance of Blackberry stock price. That’s despite the company’s decent performance. The acquisition of machine learning company Cyclane is also a positive development. But it remains to be seen how it affects Blackberry’s future growth.
Uber Technologies (UBER) Stock Price Hits $45 Mark Again; Are Delivery Stocks Set To Fly?
Uber Technologies (UBER) stock price hit its IPO level of $45 again. Since its IPO, this becomes the fourth time that the company has hit its $45 mark. Each time it has been a real challenge for the company to rise above the IPO price.
Uber has made its name through its market dominance however it’s growth continues to be slow-paced and also has continuous losses, making Uber less attractive to many. However, the thing that Uber has done is bring more attention to the on-demand and delivery stock arena.
Special Delivery: Small-Cap Delivery Stocks Are Gaining Ground In Cannabis
Driven Deliveries Inc. (OTC: DRVD) is one of the only publicly traded cannabis delivery service operating in the United States. Now that’s what we call first-mover advantage. Driven Deliveries provides on-demand marijuana delivery in select cities where allowed by law. The service provides the legal cannabis consumer the ability to purchase and receive their marijuana in a fast and convenient manner.
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Consumers are growing increasingly lazy with most of all purchases from retail to food shopping being done online. And now you can add weed to that list. Driven Deliveries (OTC: DRVD) is quickly gaining steam in legal US markets as the new delivery option for customers is resulting in increased revenue and transactions for dispensaries.
Food delivery apps and services such as GrubHub and Uber Eats have already expanded revenue generated in the food-service industry by 22% or more. Consumers love getting what they want without having to leave their house to get it, plain and simple.
In Spite Of Being A Broken IPO, Still Worth An Investment
Cannabis is just one small niche expanding into the on-demand technology market. Uber has always managed to capture the headlines. This week it did that by launching itself in the sixth German city, Hamburg. The company further has plans to acquire Postmates which gives UberEats a heavy competition provided the price is right.
McDonald’s exclusivity with Uber also came to an end this year with the former getting into a contract with DoorDash. The company is set to report its financial results for Q2 on August 8. Uber had given accounts of its earlier performance through the prospectus issued during the IPO.
UBER stock price has been trading at $40 range since June. But, the figure is likely to change in the coming future for better. Uber has been able to disrupt various markets like those of food delivery, personal mobility, and freight logistics. In Q1 results, the company had reported 93 million monthly active platform consumers.
The revenue of the company has been on a slow rise especially on a net basis. The company sends a major portion of the money received to its drivers to keep them encouraged and active. This is a move that is not going away anytime soon. The deep deficits could also prove to be advantageous for the company.
Even though Uber looks like a broken IPO, it still leads in its industry. The concerns with the valuation persist still for good reasons. Uber continues to ride at a market cap which is five times the current year’s revenue. But, one would have to wait till 2025 to see a positive earning in the growing market.
Stock Price Friday Update – July 19, 2019
ROKU Stock Price Hits Another Life Time High: Good News For Tech Stocks?
In 2019 alone, ROKU stock has risen by as much as 271% as the company continued to add new customers and boosted revenues from advertising. However, could the latest surge be a signal for the next bull market in tech?
3 Biotech Stocks To Watch After Big News This Month
Here is a look at 3 biotechnology stocks that proved to be winners recently.
IPO News: Medallia Goes Public On Friday, July 19
Over 14 million shares of the company will be available to be traded at $16 to $18 per share on NYSE. And of course, investors will be watching MDAL stock price closely. Bank of America Merrill Lynch, Citigroup, and Wells Fargo Securities will oversee the IPO.
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