An update from Aussie Broadband Ltd. ( (AU:ABB) ) is now available.
Aussie Broadband Ltd. announced its strategic ambitions for the next three years during its Investor Day, aiming for significant revenue growth and diversification. The company targets group revenue to exceed $1.6 billion by FY28, with an EBITDA margin expansion and a focus on increasing its NBN market share. Additionally, Aussie Broadband reported its best organic quarterly net growth in connections in three years and signed a binding Heads of Agreement with Optus to enhance its mobile service offerings, strengthening its market position and unlocking new growth opportunities.
More about Aussie Broadband Ltd.
Aussie Broadband Ltd. operates in the telecommunications industry, providing internet and mobile services. The company focuses on diversifying its revenue streams and expanding its market share in the NBN sector.
YTD Price Performance: 7.63%
Average Trading Volume: 636,103
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.08B
For a thorough assessment of ABB stock, go to TipRanks’ Stock Analysis page.