30 Best and Worst Data Center Stocks

27. Uniti Group Inc. (NASDAQ:UNIT)

Downside Potential: 0%

Number of hedge funds: 31

Uniti Group Inc. (NASDAQ:UNIT) is a real estate investment trust (REIT) primarily focused on providing telecommunications infrastructure and fiber optic network solutions. The company acquires and manages a portfolio of telecommunications infrastructure assets, primarily fiber optic networks, leased to telecom providers, wireless carriers, data center operators, and other telecommunications companies. Its fiber infrastructure serves as a crucial backbone for numerous data center operations, delivering high-performance, secure connectivity essential for large-scale data processing and storage needs.

Continuing its growth trajectory, on January 21, 2025, Uniti Group Inc. (NASDAQ:UNIT) announced a significant 20-year long-haul fiber and conduit contract awarded by an existing strategic hyperscale customer. As part of this contract, Uniti will construct over 130 route miles of new multi-conduit systems and high-strand count fiber cables. This new east-west infrastructure will connect key data center locations, providing a diverse path to other north-south, long-haul routes. Commenting on this success, Greg Ortyl, the company’s President of Wholesale & Strategic Accounts, expressed his enthusiasm for the project:

“Uniti’s momentum within the hyperscale space continues and is evidence of the strong demand for our customized infrastructure solutions. We continue to see our hyperscale customers seeking three, four or, sometimes more, fiber paths into strategic data center locations to provide the network redundancy they demand, and we are excited to participate in future solutions that are also strategic for Uniti.”