Kinetic celebrates exceeding 30,000 fiber locations in Canton with free events, granting over 75% of homes access to high-speed internet.
Quiver AI Summary
Kinetic has announced that Canton, Georgia, is now officially recognized as a "Gig-Ready Community," with over 75% of homes having access to high-speed fiber internet, marking a milestone of 30,000 new fiber locations installed in the area. To celebrate this achievement, Kinetic will host a series of free community events from August 31 to September 5, including a technology course, a movie night featuring "Inside Out 2," and giveaways at local events. Kinetic's investment in the fiber infrastructure is aimed at promoting economic growth, improving connectivity, and enhancing property values, reflecting the company's commitment to supporting the community's digital needs and sustainable development.
Potential Positives
- Kinetic has officially recognized Canton as a "Gig-Ready Community," significantly increasing the accessibility of high-speed internet to over 75% of homes in the area.
- The company reached a major milestone by installing more than 30,000 new fiber locations, enhancing the digital infrastructure of the community.
- Kinetic's investment in fiber technology promotes local economic growth, with research indicating impacts such as up to 213% higher business growth and increased home values.
- Kinetic was named CNET’s Best Rural Fiber Internet Provider in 2026 and recognized as the Telecommunications Company of the Year, highlighting its industry leadership and commitment to quality service.
Potential Negatives
- While the press release highlights Kinetic's expansion and new fiber locations, it lacks specific data on customer adoption rates or satisfaction, which could raise concerns about the effectiveness of their investment.
- The focus on celebratory events may be interpreted as an attempt to divert attention from any potential issues or challenges in their service rollout or customer experience.
- The mention of being named CNET’s Best Rural Fiber Internet Provider in 2026 may not resonate with customers in urban areas or detract from competition in those markets.
FAQ
What is the significance of Kinetic's Gig-Ready Community status in Canton?
Kinetic's Gig-Ready Community status signifies that over 75% of homes in Canton have access to high-speed fiber internet.
What community events are planned to celebrate Kinetic's milestones?
Kinetic will host free events, including a technology course, a movie night, and activities at local high school games from Aug. 31 to Sept. 5.
How many new fiber locations has Kinetic installed in Canton?
Kinetic has installed over 30,000 new fiber locations in Canton, enhancing the community's digital infrastructure.
Why is fiber technology important for Canton?
Fiber technology supports higher business growth, increases home values, and is more environmentally sustainable than traditional internet solutions.
How can residents check fiber availability in Canton?
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 $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.
You can access data on UNIT stock through the Quiver Quantitative API.
$UNIT Hedge Fund Activity
We have seen 152 institutional investors add shares of $UNIT stock to their portfolio, and 128 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 10,513,600 shares (+654.5%) to their portfolio in Q2 2026, for an estimated $120,590,992
- 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 3,888,138 shares (+72.3%) to their portfolio in Q2 2026, for an estimated $44,596,942
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,452,970 shares (+inf%) to their portfolio in Q2 2026, for an estimated $39,605,565
- BLACKROCK, INC. added 3,078,972 shares (+11.4%) to their portfolio in Q2 2026, for an estimated $35,315,808
- KING STREET CAPITAL MANAGEMENT, L.P. removed 2,498,226 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $28,654,652
- SEARCHLIGHT CAPITAL PARTNERS, L.P. removed 2,273,504 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,325,467
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
- In celebration of this milestone, Kinetic hosts free festivities Aug. 31 – Sept. 5
- More than 75% of homes have access to Multi-Gig, Next-Generation internet
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Kinetic reaches milestone of 30,000+ fiber locations in the community
CANTON, Ga., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Kinetic, the leading residential and business insurgent fiber internet provider, announced today that Canton 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.
Additionally, Kinetic passed another significant milestone in community today by installing more than 30,000 new fiber locations in the community.
These major technological milestones mark a significant advancement in the community’s digital infrastructure, allowing for a better internet experience, at a better value, for more residents.
“Canton is an important community for Kinetic and a key part of the region’s growing technology corridor,” said Stacy Hale, Kinetic’s state operations president. “In honor of surpassing this milestone, it’s time that we celebrate. And to the residents of this area, know that we’re not done yet; we’ll continue adding more fiber locations and will remain a long-term partner to this community. Canton is a city of the future; fiber, will help it get there faster.”
Fast Forward: Canton
— a Free Community Celebration
To celebrate these milestones, Kinetic will host fun, free events with the community. Events include philanthropic activities where Kinetic employees spend time giving back to those in need, provide free treats and vouchers from local restaurants, host family-friendly neighborhood events, and a free community Hollywood Movie Night:
Lights, Fiber, Action
.
Planned week highlights
- Wednesday, Sept. 2: Kinetic will host a free technology, internet and security course from 11 a.m. to noon at the Canton Senior Center.
- Thursday, Sept. 3: Kinetic will host Hollywood Movie Night: Lights, Fiber, Action at the Canton Theater. Come see a special screening of Inside Out 2 . Doors open at 5:30 p.m.; movie starts at 7 p.m. RSVP here . Limited seating, while supplies last.
-
Friday, Sept. 4:
- Fiber Night Lights: Kinetic will give away swag items at the Sequoyah High School football game starting at 6:30 p.m.
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Kinetic will have a booth at First Friday in Downtown Canton from 6 – 9 p.m. Attendees can paint a section of a “community canvas” and enter for a chance to win a YETI cooler.
Why Canton’s infrastructure matters
Fiber is the best technology for the long-term success of Canton’s communications needs.
Research
shows that fiber-connected communities experience 213% higher business growth, 10% higher self-employment and a
14-17%
increase in home values. Fiber is also significantly more sustainable and uses up to 95% less energy per gigabit. It requires less maintenance over time, which reduces environmental impact and community disruption.
As a long-term partner to the Canton community, Kinetic is committed to delivering on its promise to provide fast, reliable, future-proof connectivity that helps local economic growth, education, telehealth, and small business competitiveness. This investment underscores the company’s dedication to providing the communities it serves—the same communities its employees also live and work in—with sustained value both now and for years to come.
Kinetic, which was also named CNET’s Best Rural Fiber Internet Provider in 2026, is proud to serve the community beyond internet connectivity. Kinetic’s fiber expansion milestone in Canton follows the company recently reaching 2 million homes passed with fiber internet across its 18-state footprint.
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
Victoria Carman
[email protected]
