Kinetic expands high-speed internet access to over 75% of Jasper homes, enhancing connectivity for work, education, and telehealth.
Quiver AI Summary
Kinetic, a leading fiber internet provider, has announced that Jasper, Florida, is now recognized as a 'Gig-Ready Community,' with over 75% of homes gaining access to its high-speed, next-generation internet service. This enhancement in digital infrastructure is expected to improve the internet experience for over 2,700 residents, facilitating better support for activities such as work, education, streaming, and telehealth. Kinetic's investment in fiber connectivity is linked to economic growth and increased property values in the area, highlighting the importance of high-speed internet in today's digital age. Kinetic has received accolades for its fiber performance and reliability and is committed to expanding its services further throughout Florida.
Potential Positives
- More than 75% of homes in Jasper now have access to Kinetic's high-speed, next-generation internet, enhancing digital infrastructure significantly.
- The designation of Jasper as a 'Gig-Ready Community' provides residents with improved internet service, which can help boost economic growth, telehealth, and remote work opportunities.
- Kinetic's investment in fiber optic networks is associated with measurable economic benefits, such as 213% higher business growth and increased home values by 14-17% in fiber-connected communities.
- Kinetic was named CNET’s “2026 Best Rural Fiber Provider” and received the Stevie Gold Award for Telecommunications Company of the Year, reflecting national recognition for its services and performance.
Potential Negatives
- Despite the positive announcements, the press release does not address any potential challenges or limitations in service availability for areas outside Jasper, which might affect the overall perception of their network expansion.
- The release lacks any mention of customer satisfaction metrics beyond a single customer testimonial, which may raise concerns about the breadth of their service quality and overall customer experience.
- No information is provided on the sustainability or long-term viability of Kinetic's expansion strategy, which could lead to questions about their future growth and investment outcomes.
FAQ
What does it mean for Jasper to be a 'Gig-Ready Community'?
Being a 'Gig-Ready Community' means over 75% of homes in Jasper now have access to high-speed fiber internet.
How many homes in Jasper benefit from Kinetic's internet service?
More than 2,700 homes in Jasper have access to Kinetic's next-generation internet service.
What are the benefits of Kinetic's high-speed internet?
Kinetic's high-speed internet supports work, education, streaming, and telehealth, enhancing residents' daily experiences.
How does fiber internet impact economic growth in communities?
Fiber-connected communities see significant benefits, including 213% higher business growth and increased home values by 14-17%.
Where can residents check for Kinetic's internet availability?
Residents can check fiber availability or construction updates by calling 1-877-90-FIBER or visiting www.gokinetic.com.
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
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$UNIT Revenue
$UNIT had revenues of $987.5M in Q1 2026. This is an increase of 235.99% from the same period in the prior year.
You can track UNIT financials on Quiver Quantitative's UNIT stock page.
You can access data on UNIT stock through the Quiver Quantitative API.
$UNIT Hedge Fund Activity
We have seen 118 institutional investors add shares of $UNIT stock to their portfolio, and 153 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 6,494,001 shares (+38.9%) to their portfolio in Q4 2025, for an estimated $45,522,947
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 5,609,214 shares (-77.7%) from their portfolio in Q4 2025, for an estimated $39,320,590
- 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
- SEARCHLIGHT CAPITAL PARTNERS, L.P. removed 2,273,504 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,325,467
- DEUTSCHE BANK AG\ removed 1,397,437 shares (-50.6%) from their portfolio in Q1 2026, for an estimated $13,107,959
- JPMORGAN CHASE & CO removed 1,143,083 shares (-51.7%) from their portfolio in Q4 2025, for an estimated $8,013,011
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 $11.375.
Here are some recent targets:
- 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
- Brendan Lynch from Barclays set a target price of $11.0 on 04/16/2026
- Jonathan Atkin from RBC Capital set a target price of $7.5 on 04/13/2026
Full Release
- More than 75% of homes now have access to Kinetic’s Multi-Gig, Next-Generation internet
-
2,700 locations benefit from better internet experience supporting economic growth, telehealth, work, streaming
JASPER, Fla., May 20, 2026 (GLOBE NEWSWIRE) -- Kinetic, a leading residential and business fiber internet provider, announced today that Jasper is officially recognized as a Kinetic ‘Gig-Ready Community ,’ meaning more than 75% of the homes in the community 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 better technology - at a better value - and an overall better internet experience to help enhance everyday life.
“We are happy that [the service] is fast and covers the entire house. We no longer have dead zones in our yard (5 + acres). No loss of connection when it rains and no lag time when running 2 cell phones, laptop and printer,” said Chris Book, a Kinetic customer in Florida.
More than 2,700 homes in Jasper 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 faster and more reliable connectivity that is essential for economic growth and opportunities. According to research , fiber-connected communities see meaningful gains, including:
- 213% higher business growth
- 10% higher self-employment
-
14-17%
increase in home values
“Our everyday lives are becoming increasingly digital, and high-speed connectivity is crucial to completing everyday tasks and unlocking new opportunities,” said Stacy Hale, Kinetic’s state operations president. “As a Gig-Ready Community, a majority of Jasper residents now have the opportunity to internet better with faster speeds, more reliability, and enhanced service.”
Kinetic has been a long-term partner to Jasper and many other communities across Hamilton County and Florida. This Hamilton County fiber expansion is an example of the impact a successful public-private partnership can have on a community.
Kinetic's continued local investment in the state builds on its national recognition for fiber performance and reliability. Kinetic was recently named CNET’s “2026 Best Rural Fiber Provider” and continues to expand its fiber network in the Sunshine State, building connections to thousands more homes, businesses and apartments.
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: Named the 2026 Telecommunications Company of the Year (Stevie GOLD/American Business Awards), Kinetic is a business unit of Uniti (NASDAQ: UNIT), and 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 is available at gokinetic.com.
Media Contact:
Megan Krtek
[email protected]
