Kinetic announces Ashland as a 'Gig-Ready Community,' providing over 14,000 homes with high-speed internet access for enhanced connectivity.
Quiver AI Summary
Kinetic has announced that Ashland, Kentucky is now a recognized 'Gig-Ready Community,' with over 75% of homes accessing its high-speed, next-generation fiber internet. This development enhances the local digital infrastructure, significantly benefiting more than 14,000 residents by improving their internet experience for work, education, streaming, and telehealth. Kinetic's service reportedly offers upload speeds more than 14.5 times faster than Spectrum and better latency than Armstrong. The expansion is expected to contribute to economic growth, as fiber-connected communities can see significant gains in business growth and home values. Kinetic is committed to further expanding its fiber-optic network in Ashland and similar areas, emphasizing the importance of high-speed connectivity for residents' opportunities and quality of life.
Potential Positives
- More than 75% of homes in Ashland now have access to Kinetic’s next-generation internet, significantly improving the digital infrastructure of the community.
- Kinetic is recognized as the "2026 Best Rural Fiber Provider" by CNET, enhancing its reputation and credibility in the market.
- The fiber-optic network supports economic growth, telehealth, and remote work, indicating a positive impact on the local economy and quality of life for residents.
- Kinetic's service provides much faster internet speeds at a lower price compared to competitors, which is a compelling selling point for attracting and retaining customers.
Potential Negatives
- Failure to disclose comprehensive details on future expansion plans could raise concerns about the company's ability to sustain its growth momentum after reaching this milestone.
- The press release relies heavily on customer testimonials and speed comparisons, which may appear biased and could undermine credibility if not supported by independent data.
- There is no mention of competition or challenges that Kinetic may face, potentially painting an overly optimistic picture of the market landscape.
FAQ
What is Kinetic's Gig-Ready Community initiative?
Kinetic's Gig-Ready Community initiative aims to provide high-speed internet access to over 75% of homes in targeted areas.
How many homes in Ashland can access Kinetic's internet service?
More than 14,000 homes in Ashland now have access to Kinetic's high-speed, next-generation internet.
What benefits does Kinetic's internet provide to Ashland residents?
Kinetic's internet enhances everyday life by supporting work, education, streaming, and telehealth with reliable connectivity.
How does Kinetic's service compare to other providers?
Kinetic's internet offers upload speeds over 14.5 times faster than Spectrum and lower latency compared to Armstrong.
How can residents check fiber availability in their area?
Residents can call 1-877-90-FIBER or visit www.gokinetic.com to check fiber availability and construction updates.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$UNIT Insider Trading Activity
$UNIT insiders have traded $UNIT stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $UNIT stock by insiders over the last 6 months:
- CARMEN PEREZ-CARLTON sold 7,500 shares for an estimated $58,575
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$UNIT Revenue
$UNIT had revenues of $909.7M in Q2 2026. This is an increase of 202.5% from the same period in the prior year.
You can track UNIT financials on Quiver Quantitative's UNIT stock page.
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$UNIT Hedge Fund Activity
We have seen 130 institutional investors add shares of $UNIT stock to their portfolio, and 111 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIAMETER CAPITAL PARTNERS LP added 4,181,528 shares (+278.8%) to their portfolio in Q1 2026, for an estimated $39,222,732
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 3,285,172 shares (+156.8%) to their portfolio in Q1 2026, for an estimated $30,814,913
- BLACKROCK, INC. added 3,078,972 shares (+11.4%) to their portfolio in Q2 2026, for an estimated $35,315,808
- SEARCHLIGHT CAPITAL PARTNERS, L.P. removed 2,273,504 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,325,467
- LSV ASSET MANAGEMENT removed 1,455,045 shares (-82.3%) from their portfolio in Q2 2026, for an estimated $16,689,366
- PENN CAPITAL MANAGEMENT COMPANY, LLC removed 1,140,776 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $13,084,700
- STATE STREET CORP added 1,065,414 shares (+13.7%) to their portfolio in Q2 2026, for an estimated $12,220,298
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$UNIT Price Targets
Multiple analysts have issued price targets for $UNIT recently. We have seen 6 analysts offer price targets for $UNIT in the last 6 months, with a median target of $11.875.
Here are some recent targets:
- Brendan Lynch from Barclays set a target price of $13.0 on 07/01/2026
- Michael Rollins from Citigroup set a target price of $11.75 on 05/19/2026
- Caleb Stein from Wells Fargo set a target price of $9.0 on 05/12/2026
- Gregory Williams from TD Cowen set a target price of $12.0 on 05/12/2026
- Richard Choe from JP Morgan set a target price of $12.0 on 05/12/2026
- Jonathan Atkin from RBC Capital set a target price of $7.5 on 04/13/2026
Full Release
- More than 75% of homes in community now have access to Kinetic’s Multi-Gig, Next-Generation internet
-
14,000 locations benefit from better internet experience supporting economic growth, telehealth, work, streaming
ASHLAND, Ky., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Kinetic, the leading insurgent residential and business fiber internet provider, announced today that Ashland is officially recognized as a Kinetic ‘ Gig-Ready Community ,’ meaning more than 75% of the area’s homes now have access to Kinetic’s high-speed, next generation internet.
This major technological milestone marks a significant advancement in the community’s digital infrastructure and provides many residents with award-winning technology - at a better value - and an overall better internet experience to help enhance everyday life.
“Kinetic has faster internet speeds for a lower price than other providers in my area. It also has friendly, helpful representatives,” said James Pritt, a Kinetic customer in Ashland.
In Ashland, Ookla’s H1 2026 Speedtest data shows Kinetic delivers upload speeds more than 14.5 times faster than Spectrum, while also providing the “most responsive internet,” with latency about 15% better than Armstrong.*
To date, more than 14,000 homes in Ashland have access to Kinetic’s future-proof internet to better support work, education, streaming and telehealth.
Kinetic’s continued investment in the community’s fiber-optic network is providing fast and reliable connectivity that is essential for economic growth and opportunities. According to research , fiber-connected communities see meaningful gains, including:
“From education and healthcare to remote work and entertainment, fiber internet connects people to things that matter most in today’s digital world,” said Susan Schraibman, Kinetic’s state operations president. “We’re committed to expanding our network and creating more Gig-Ready communities like Ashland because we know the more residents who have access to high-speed connectivity, the more opportunities they have to grow, compete, and thrive.”
Kinetic has been a long-term partner to Ashland and many other communities across the Commonwealth. Kinetic was recently named CNET’s “2026 Best Rural Fiber Provider,” and the company’s continued local investment in Kentucky builds on its national recognition for fiber performance and reliability.
Residents who want to check fiber availability or construction updates can call 1- 877-90-FIBER (877-903-4237) or visit
www.gokinetic.com
.
About Kinetic: Kinetic, a business unit of Uniti (NASDAQ: UNIT), is a premier insurgent provider of multi-gigabit fiber internet, whole-home Wi-Fi, internet security, and voice services in 1,400 markets across 18 states in the Southwestern, Southeastern, Midwestern, and Northeastern U.S. Additional information about Kinetic is available at gokinetic.com.
Media Contact:
Megan Krtek
[email protected]
*Based on Ookla ® Speedtest Intelligence ® data, 1H 2026. All rights reserved. Technology agnostic.
