Uniti Group shares rise 6% after 800 Gigabit Ethernet trial with Nokia
Uniti Group shares gained about 6% in the afternoon session after a successful 800 Gigabit Ethernet trial with Nokia was announced.
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what happened
Uniti Group shares climbed 6.2% in the afternoon session. According to stockstory.org, investors kept buying the stock after a subsidiary announced a successful trial of an 800 Gigabit Ethernet service run with Nokia. The company's press release said the service was delivered to a customer with a single fiber pair demarcation. The demonstration ran over a link between Chicago, Illinois, and Lexington, Kentucky. Uniti Wholesale said the single-fiber setup is meant to simplify high-capacity connections for customers.
The publication notes that the stock has made 24 moves of more than 5% over the past year, so the market reaction looks moderate. The shares are down 32% year to date, and at about $4.65 they trade 63.6% below their 52-week high of $12.75 from June 2026.
why it matters
For investors this is mainly a technology story about demand for high-capacity fiber services, not an event likely to change the company's financial outlook. The gain reflects a short-term reaction against a weak performance this year.
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sources
- Why is Uniti Group stock soaring today — stockstory.org, 13 November 2026 at 18:40 UTC
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