Kinetic announces over 75% of Kannapolis homes can access high-speed internet, enhancing connectivity and supporting economic growth.
Quiver AI Summary
Kinetic has announced that Kannapolis is now designated as a 'Gig-Ready Community', with more than 75% of homes gaining access to their high-speed, next-generation fiber internet. This improvement affects over 19,000 residences, enhancing internet quality for work, education, streaming, and telehealth, and is supported by federal funding. Kinetic, recognized for having the most responsive internet speeds in Kannapolis, is committed to strengthening the local digital infrastructure, which is linked to economic growth and increased property values. As the company continues to expand its fiber network across North Carolina, it emphasizes the importance of high-speed connectivity in today's digital age. Kinetic has received accolades, including CNET's "Best Rural Fiber Provider" for 2026, and invites residents to check fiber availability via their contact options.
Potential Positives
- More than 75% of homes in Kannapolis now have access to Kinetic's high-speed, next-generation internet, enhancing digital infrastructure.
- Kinetic has been recognized as the “most responsive internet speeds” provider in Kannapolis, outperforming competitors by 45%.
- The company was named the 2026 Telecommunications Company of the Year, highlighting its excellence in the industry.
- Kinetic's continued investment in fiber infrastructure is expected to boost economic growth and community development in Kannapolis.
Potential Negatives
- Reliance on federal funding: The press release notes that a portion of the locations with improved internet access were funded by the U.S. Department of the Treasury, raising questions about the company's financial independence and sustainability.
- Limited geographical focus: The announcement is heavily centered on Kannapolis and may give the impression that Kinetic is primarily focused on local markets rather than expanding on a broader scale.
FAQ
What is Kinetic's Gig-Ready Community initiative?
Kinetic's Gig-Ready Community initiative recognizes areas where over 75% of homes have access to high-speed internet, enhancing digital infrastructure.
How many homes in Kannapolis have access to Kinetic's internet?
More than 19,000 homes in Kannapolis now benefit from Kinetic's next-generation, high-speed internet services.
What benefits does Kinetic's internet provide to Kannapolis residents?
Kinetic's internet supports work, education, streaming, and telehealth, enhancing the overall quality of life for Kannapolis residents.
How does Kinetic's internet performance compare to other providers?
Kinetic was recently recognized for having the “most responsive internet speeds” in Kannapolis, outperforming Spectrum by 45%.*
How can residents check their fiber availability with Kinetic?
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 $987.5M in Q1 2026. This is an increase of 235.99% from the same period in the prior year.
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$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.
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- 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 $8,013,011
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$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
-
19,000 locations benefit from better internet experience supporting economic growth, telehealth, work, streaming
KANNAPOLIS, N.C., May 20, 2026 (GLOBE NEWSWIRE) -- Kinetic, a leading residential and business fiber internet provider, announced today that Kannapolis 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 very happy and pleased with our service. The [Kinetic] technicians who did our install were amazing and very knowledgeable. We highly recommend Kinetic’s services to anyone. So much better than our last services ever was,” said Kimberly Zeback, a Kinetic customer in Kannapolis.
More than 19,000 homes in Kannapolis have access to Kinetic’s future-proof internet to better support work, education, streaming, and telehealth. A portion of these locations were supported by funds awarded to the State of North Carolina by the U.S. Department of the Treasury.
Kinetic was also recently awarded as having the “most responsive internet speeds” in Kannapolis, besting Spectrum by 45%.*
Kinetic’s continued investment in Kannapolis’ 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 Kannapolis residents now have the opportunity to internet better with faster speeds, more reliability, and enhanced service.”
Kinetic has been a long-term partner to Kannapolis and many other communities across North Carolina. The company’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 Tar Heel 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.
*Based on Ookla® Speedtest Intelligence® data, Kannapolis, NC 2H 2025. All rights reserved.
Media Contact:
Megan Krtek
[email protected]
