Town of Frederick to Join Intrepid Fiber Networks' Open-Access Broadband Expansion
FREDERICK, Colo.--(BUSINESS WIRE)--On Friday, Intrepid Fiber Networks, in partnership with ALLO Fiber, held a groundbreaking event in Frederick, Colorado, officially commemorating the beginning of its network deployment to over 5,400 homes and businesses across the town. This initiative marks a significant investment into Frederick's digital future, bringing symmetrical, multi-gigabit Internet speeds to residents and businesses and ensuring the community is well-positioned to meet the growing demands of a connected world.
"This marks a transformative chapter in Frederick's infrastructure story and a bold investment in the everyday lives of our residents"
Share
Present at the event were Frederick's Mayor Tracie Crites, Mayor Pro Tem Kevin Brown, Frederick Board of Trustees: Windi Padia, Dan March, Mark Lamach, Frederick Town Manager Bryan Ostler, Carbon Valley Chamber of Commerce, Town of Frederick Staff, Intrepid and ALLO personnel.
Engineering, permitting and construction in Frederick has already begun and full network completion is expected in early 2027. This effort is part of Intrepid's broader commitment to delivering world-class broadband infrastructure to communities across the United States.
'We're thrilled to be working with the Town of Frederick to bring fiber optic infrastructure to their community. This is an investment in the future of this community, ensuring residents and businesses get access to digital opportunities,' said Jack Waters, CEO of Intrepid Fiber Networks.
Frederick Mayor Tracie Crites expressed strong support for the initiative, stating, 'This marks a transformative chapter in Frederick's infrastructure story and a bold investment in the everyday lives of our residents – supporting everything from remote work and online learning to health care, entrepreneurship, and main street commerce.'
For more information about Intrepid Fiber Networks' deployment in Frederick, please visit intrepidfiber.com/about.
About the Town of Frederick:
With its close proximity to the Denver metro area and the Northern Front Range, the Town of Frederick is a dynamic community at the center of commerce, industry and education. Multiple recreational and residential facilities make the Town of Frederick a retreat full of diverse opportunity that continues to respect its heritage as a mining town incorporated in 1907.
About Intrepid:
Founded in 2021, Intrepid Fiber was launched by Brookfield Asset Management, one of the world's largest investment groups, as a pioneering Fiber-to-the-Premises platform championing a Wholesale Open Access Model. Intrepid's mission is to deliver world-class fiber to communities throughout the United States and meet the broadband demands of the future.
About ALLO Fiber:
ALLO Fiber, a leader in providing fiber-optic service, has been dedicated to delivering world-class communications and entertainment services. ALLO serves over 50 communities across Arizona, Colorado, Iowa, Kansas, Missouri, and Nebraska. ALLO is known for its reliable fiber networks and customized technology solutions that support businesses of all sizes. The company has been consistently recognized as the best Internet service provider in local competitions throughout its Gigabit communities.
For more information visit AlloFiber.com.
Forward-Looking Statements
Certain statements contained herein or made by management constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations about our plans and future performance and speak only as of the date of this press release. We do not undertake to update these statements. Our expectations (or the underlying assumptions) may change or not be realized, and you should not unduly rely on forward-looking statements.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
WPP CEO Mark Read to retire at challenging juncture for agency giant
This story was originally published on Marketing Dive. To receive daily news and insights, subscribe to our free daily Marketing Dive newsletter. WPP CEO Mark Read will retire at the end of December after seven years at the helm of the world's largest ad-holding group, according to an announcement posted by the company's board Monday. Read will work with the board to find a successor, the executive said on his LinkedIn. He called out WPP's ongoing work around data and artificial intelligence-driven transformation while acknowledging that the current business environment is 'challenging.' Whoever takes over the CEO spot has a tall order to fill. WPP has contended with a number of painful client losses and spending pullbacks and is in the midst of significantly overhauling some of its most important assets, including WPP Media, formerly GroupM. Read took on the mantle as CEO of WPP seven years ago after the contentious departure of Martin Sorrell, an executive who, over the course of decades, shaped what was once a wire basket company into a sprawling advertising empire. As the successor to an industry titan, Read's tenure has not been short on incident, with challenges including the COVID-19 pandemic, periods of global unrest, inflation and the advent of generative AI. Announcing his departure, the agency chief touted his efforts to make AI a central piece of WPP, including through the broader implementation of the Open operating system this year. 'The progress our teams have made has been superb and when I 'demo' WPP Open to our clients they are always amazed by what it can do,' wrote Read, who spent more than 30 years at WPP in total, in his LinkedIn note. Still, WPP's performance has lagged compared to peers, dragged down by a raft of large client losses and sharper spending pullbacks in markets like China. Revenue less pass-through costs declined 2.7% on a like-for-like basis to 2.48 billion pounds, or about $3.2 billion, in Q1 2025. Discussing the quarterly results earlier this spring, Read cautioned that tariffs could further impact brands' appetites for advertising. In an attempt to turn its fortunes around, WPP has enacted some dramatic moves of late. In April, it acquired data collaboration platform InfoSum to further evolve its capabilities beyond legacy identity solutions built on technology like cookies. Earlier this month, it formally rebranded GroupM, its media investment arm, to WPP Media. The change is expected to impact 40% to 45% of the unit's workforce. Paramount, a longtime client, suddenly cut ties with the group last week amid plans for a merger with Skydance Media, Deadline reported, another blow to a business that is trying to turn a new leaf. Some of Read's policies have also proven controversial with employees, such as a four day return-to-office plan that had a haphazard rollout earlier this year. For some analysts, Read stepping down is an expected outcome after years of transformation work failed to return the group to consistent levels of growth. The announcement comes a week out from Cannes Lions, an international gathering that effectively acts as the Oscars for advertising. 'The news is unsurprising because of WPP's lackluster business and stock performance in recent years alongside the installation of a new Board Chairman at the beginning of this year,' said Brian Wieser of Madison and Wall in a note around the news. 'Presumably the delay of the transition of Board Chair role by a year was responsible for prolonging this outcome.' WPP maintains what Wieser described as a 'deep bench' of talent that could succeed Read, and may draw on outside candidates, but still needs to iron out a more concrete strategic direction. Recommended Reading GroupM becomes WPP Media as holding company prepares for future Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Zacks Industry Outlook Highlights CyberArk Software, Okta and Qualys
Chicago, IL – June 10, 2025 – Today, Zacks Equity Research discusses CyberArk Software Ltd. CYBR, Okta, Inc. OKTA and Qualys, Inc. QLYS. Industry: Security Link: The Zacks Security industry is experiencing robust demand for cybersecurity products, driven by the increasing need for secure networks and cloud-based applications, especially with the rise of hybrid work environments. This surge in demand is largely due to a significant increase in data breaches, prompting companies to seek comprehensive IT security solutions. The growing need for privileged access security, fueled by digital transformation and cloud migration strategies, is further boosting the demand for cybersecurity solutions. Companies like CyberArk Software Ltd., Okta, Inc. and Qualys, Inc. are benefiting from these trends. However, the industry's short-term growth prospects may be hampered as organizations delay investments in large and costly technology products due to global economic slowdown concerns, macroeconomic challenges and geopolitical tensions. Furthermore, increased operating expenses related to hiring new employees, and implementing sales and marketing strategies to gain market share are expected to pressure profit margins in the near term. The Zacks Security industry encompasses companies that provide both on-premise and cloud-based security solutions. These solutions cater to a variety of needs, such as identity access management, infrastructure protection, integrated risk management, malware analysis and Internet traffic management, among others. The industry offers a diverse range of security solutions, many of which can be used interchangeably. These solutions are broadly categorized into three types — Computer Security, Cybersecurity and Information Security. Computer Security focuses on safeguarding the software and hardware of computer systems from vulnerabilities. Cybersecurity encompasses areas like web security, network security, application security, container security and information security. Information Security deals with the protection of data in all forms, whether physical or digital. The increasing frequency of cyberattacks is escalating the need for robust security solutions. These threats not only impact individual companies but also pose risks to national security in some countries. Companies in the security industry are actively addressing these issues as there is a growing need for protection against spear phishing, credential-based attacks, account takeovers and ransomware. The shift toward digital transformation and cloud migration is driving the demand for cybersecurity solutions. Sectors ranging from education and entertainment to healthcare are increasingly relying on technology, making them vulnerable to cyberattacks. Public institutions and large companies, as well as smaller organizations with less stringent security measures, are at risk. The deployment of 5G has expanded the Internet of Things (IoT) and artificial intelligence (AI), which, while simplifying operations, will increase cybercrime rates due to greater technological reliance. Uncertain macroeconomic conditions and geopolitical issues may lead enterprises to delay significant IT investments. Amid current economic challenges, organizations are likely to conserve cash and reduce spending, which could negatively affect the security market in the short term. To remain competitive in the IT security market, companies are continually investing in expanding their capabilities. This includes substantial investments in research and development to enhance product offerings and improve overall security solutions for clients. Additionally, firms are heavily investing in sales and marketing, particularly by increasing their sales workforce. These elevated operating expenses, aimed at gaining market share, may reduce profit margins in the near term. The Zacks Security industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #19, which places it among the top 8% of nearly 250 Zacks industries. The group's Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one. The industry's positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group's earnings growth potential. The industry's bottom-line estimate for 2025 has moved up to $1.45 from earnings of $1.35 expected a year ago. Over the past year, the Zacks Security industry has outperformed the broader Zacks Computer and Technology sector and the S&P 500 composite. The industry has soared 38.3% during this period, while the broader sector and the S&P 500 have returned 11.8% and 11.9%, respectively. On the basis of the forward 12-month price-to-sales ratio (P/S), which is a commonly used multiple for valuing Security stocks, the industry is currently trading at 14.77, higher than the S&P 500's 5.12 and the sector's 6.37. Over the last five years, the industry has traded as high as 19.36X and as low as 6.92X, with a median of 12.56X. CyberArk Software: Founded in 1999, the company offers services that protect organizational privileged accounts from cyberattacks. Currently, CYBR sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. CyberArk Software is benefiting from the rising demand for cybersecurity and privileged access security solutions due to the long list of data breaches and increasing digital transformation strategies. A strong presence across verticals, such as banking, healthcare, government and utilities, is safeguarding CyberArk Software from the adverse effects of softening IT spending. The company's strategic mix shift toward software-as-a-service and subscription-based solutions is driving top-line growth. The consensus mark for its 2025 earnings has been revised upward by 13 cents to $3.79 per share over the past 30 days. Shares of CYBR have soared 60% over the past year. Qualys: It has been a leading force in offering information security solutions. Qualys' suite of IT, security and compliance solutions spans diverse applications, including asset management, IT security, cloud-native security, web application security and compliance. Qualys is benefiting from the increasing demand for cloud-based cybersecurity solutions amid growing cyber threats and digital transformation initiatives. With a diverse customer base that includes enterprises, SMBs and government entities, the company maintains a balanced customer mix, which keeps it resilient against fluctuations in IT spending. Qualys' continuous innovation and focus on expanding product capabilities position it well to navigate market challenges and sustain long-term growth despite potential macroeconomic disruptions. A continuous increase in Vulnerability Management, Detection and Response to customer penetration is an upside. Qualys currently sports a Zacks Rank #1. The consensus mark for its 2025 earnings has been revised upward by 9 cents to $6.17 per share over the past 30 days. Shares of QLYS have risen 3.8% over the past year. Okta: It is a leading provider of identity security for enterprises. Okta's Workforce Identity Cloud combines access management, identity governance and privileged access to provide a gateway that enables its workforce-based customers to securely connect to Okta's applications from multiple devices. Okta's Customer Identity Cloud provides bot detection, fraud prevention and account takeover attack protection. Both platforms offer Adaptive Multi-Factor Authentication for secure connectivity. Its Workforce Identity Cloud and Customer Identity Cloud solutions are experiencing increased traction as a growing number of organizations are adopting digital transformation and cloud migration strategies. The company was serving approximately 20,000 customers at the end of the first quarter of fiscal 2026. Okta currently carries a Zacks Rank #2 (Buy). The consensus mark for its fiscal 2026 earnings has been revised upward by 9 cents to $3.28 per share over the past 30 days. Shares of OKTA have rallied 17.9% over the past year. Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qualys, Inc. (QLYS) : Free Stock Analysis Report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Okta, Inc. (OKTA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
The Trade Desk Transforms Digital Advertising With Deal Desk
The Trade Desk, Inc. TTD recently introduced Deal Desk, a cutting-edge innovation within its Kokai platform designed to enhance how advertisers and publishers manage one-to-one deals and upfront commitments. With artificial intelligence (AI) at its core, Deal Desk is poised to tackle the pressing issues of deal underperformance, lack of transparency and inefficient pacing in the programmatic advertising Deal Desk, The Trade Desk is reshaping how digital advertising deals are initiated, managed and optimized. Digital advertising deals between advertisers, publishers and inventory aggregators make up a significant portion of programmatic ad spending. However, many of these deals fall short due to limited transparency into impression quality and pacing. For the first time in the industry, Deal Desk uses advanced AI to give advertisers and publishers clear insights into how their deals are performing, enabling better campaign optimization. It also guides advertisers in exploring high-quality Internet inventory, whether in the open market or through premium platforms like the Sellers and Publishers 500 Plus. Deal Desk is set to enter beta testing in the third quarter of 2025. Deal Desk is a comprehensive suite of features designed to streamline and enhance every stage of a deal's lifecycle. Advertisers can now evaluate the health and performance of their deals through Deal Quality Scores. It empowers them to use these scores to determine whether a deal is delivering value compared to the open marketplace or premium supply publishers, Deal Desk provides the tools to create high-quality, transparent deal proposals. Using new APIs or an intuitive user interface, publishers can describe their inventory in detail with rich metadata and clearly defined terms. The same Deal Quality Scores that advertisers see are available to publishers, helping them understand market dynamics and make data-driven Desk automates the activation and prioritization of deals, shifting the focus from troubleshooting to strategic planning and performance optimization, thereby saving time and enhancing campaign outcomes. The built-in options for expansion and cancellation provide a new level of flexibility and mutual accountability. If a deal underdelivers, advertisers can easily incorporate more relevant inventory or choose alternatives. This ensures that campaign performance remains optimal, even when initial deal terms fall the first publishers to adopt Deal Desk is Disney, showcasing strong industry endorsement for the new offering. By collaborating with major players like Disney, TTD ensures that Deal Desk is developed not only with cutting-edge technologies but also with the real-world needs of advertisers and publishers at the forefront. More marketers are turning to Kokai to get better results and value from the open Internet. Deutsche Telekom has leveraged Kokai platform to grow its MagentaTV subscriber base. It used seed data from current customers and Kokai's AI tools to find the right new audiences and ad impressions across display and CTV. The results were strong—11 times more post-click conversions and 18 times better cost-efficiency. The Trade Desk price-consensus-chart | The Trade Desk Quote Deutsche Telekom now plans to expand its use of Kokai across additional campaigns. This progression is typical as clients transition from TTD's legacy platform, Solimar, to the more advanced, AI-powered Kokai. They begin with a limited number of pilot campaigns, observe significant performance improvements and subsequently adopt Kokai more broadly across their marketing all verticals, clients implementing Kokai are experiencing significant performance gains. On average, those who have transitioned to the platform have achieved a 42% reduction in cost per unique reach. Beyond traditional brand and reach metrics, Kokai is also delivering strong results on lower-funnel KPIs, including a 24% reduction in cost per conversion and a 20% cut in cost per performance improvements are enabling both new and existing clients to unlock additional budget for optimization and growth. Also, enhancements to TTD's data marketplace have improved the discoverability of third-party data, resulting in Kokai campaigns utilizing approximately 30% more data elements per impression. These combined efficiencies allow clients to reinvest more of their media spend into driving measurable rising economic uncertainty and trade tensions could hurt TTD, leading to tighter ad budgets. TTD noted that large global brands are already feeling the impact. If these challenges continue in the second half of 2025, programmatic ad demand and revenue growth could slow further. TTD currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 22.5% in the past year against the Zacks Internet – Services industry's growth of 1.1%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Juniper Networks, Inc. JNPR, Arista Networks, Inc. ANET and Ubiquiti Inc. UI. JNPR presently sports a Zacks Rank #1 (Strong Buy), while ANET and UI carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within the AI-driven enterprise portfolio that enable customers to simplify the rollout of their campus wired and wireless networks while bringing greater insight to network operators. In the last reported quarter, it delivered an earnings surprise of 4.88%.Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than 1 million servers, cloud specialty providers, service providers, financial services and the rest of the enterprise. It supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 33.3%. Its highly flexible global business model remains well-suited to adapt to the changing market dynamics to overcome challenges while maximizing growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report The Trade Desk (TTD) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
