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BCE Bell Unit Deploys Enhanced Internet Speed ​​in Canada

Bell, which belongs to BCE Inc. BCE, has improved the Internet speed of its pure fiber service. The network now offers download speeds of 3 Gbps (gigabits per second) as well as upload speeds of 3 Gbps, with total speeds being three times faster than cable. According to the company, this makes the pure fiber network the fastest Internet of any major Internet service provider in Canada.

This revolutionary accelerated internet speed provides an enhanced user experience for working or learning from home, downloading or playing games, or sharing videos with the excellent download speeds that cable does not provide.

Many customers have multiple connected devices throughout the home and use them simultaneously. Bell’s Unlimited Pure Fiber plan is paired with the Home Hub 4000 with Wi-Fi 6, the best-in-class and newest Wi-Fi technology available on the market. This helps avoid buffering during video conferencing, provides faster video streaming, and gives gamers a more responsive gaming experience. It also allows customers to do everything they need on their devices simultaneously, without compromising speed and performance. In fact, clients can be on top of their game with low latency and ping times, allowing them to stream multiple videos, streams, and games at the same time.

Bell’s 3 Gbps pure fiber unlimited plan is now available in eligible Toronto areas and will soon be available in other locations across the country.

BCE: a leading communication value

BCE is Canada’s largest communications service provider and serves as a holding company for Bell Canada. The company provides advanced wireless, television, Internet, media and broadband business communications services nationwide. BCE’s performance benefited from significant investments in broadband, the 5G network acceleration program and a solid financial position. The company is committed to supporting Canada’s economic recovery from the pandemic by providing expanded internet connections to residents and business owners. It is experiencing healthy subscriber base growth and higher combined average revenue per user, thanks to a focus on higher value smartphone loadouts.

Reinforcing its goal to drive the broadband network acceleration program, BCE intends to reach up to 900,000 new sites in 2022 with direct fiber connections while meeting accretive customer requirements. This is part of the company’s historic two-year capital expenditure acceleration program of nearly $10 billion for the deployment of its fiber broadband, 5G and rural networks.

BCE’s wireless segment should benefit from the postpaid business as it continues to benefit from strong subscriber additions as well as a higher contribution to prepaid revenue. On the wireline front, the telecommunications company expects its financial results to improve as it continues to benefit from an increase in net revenue generating units.

BCE shares have gained 25.3% in the past year compared to the industry’s 12.6% rise

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Zacks ranking and key picks

BCE currently carries a Zacks rank of 3 (Hold).

Top-ranked stocks in the broader tech space include Bel Fuse BELFB, American software AMSWA and Iridium Communications IRDM. While Bel Fuse carries a Zacks rank of 1 (strong buy), American Software and Iridium carry a Zacks rank of #2 (buy). You can see the full list of today’s Zacks #1 Rank stocks here.

Bel Fuse forecasts a 3.65% earnings growth rate for 2023. The Zacks consensus estimate for Bel Fuse earnings in 2023 has remained unchanged for the past 30 days.

Earnings per share for Bel Fuse in the first quarter of 2022 are estimated at 22 cents, suggesting year-over-year growth of 195.65%. BELFB shares have lost 17% over the past year.

American Software forecasts a 24.24% earnings growth rate for fiscal year 2022. The Zacks consensus estimate for American Software’s earnings for fiscal year 2022 was revised up 4 cents during of the last 60 days.

American Software’s earnings have exceeded the Zacks consensus estimate for the past four quarters, with the average surprise being 92.14%. AMSWA shares have lost 2.3% over the past year.

Iridium has a projected earnings growth rate of 157.14% for 2022. The Zacks consensus estimate for Iridium earnings in 2022 has been revised up 2 cents in the past 60 days.

Iridium’s earnings have exceeded the Zacks consensus estimate in two of the past four quarters and hit estimates twice, with the average surprise being 39.4%. IRDM shares have gained 3.1% over the past year.

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