The telecommunications company AT&T Inc. is currently dealing with the aftermath of a significant data breach that compromised the personal information of 73 million current and former customers. The breach led to a 2.44% decrease in the company's stock during premarket trading, following the revelation of sensitive information, such as social security numbers and dates of birth, being exposed.

Despite this breach, AT&T's stock has displayed some resilience, indicating that investors are still confident in the company's long-term financial stability.

AT&T’s Data Breach Exposes Personal Information of 73 Million Customers

AT&T confirmed a major data breach that unveiled the personal data of 73 million existing and former customers. The leaked information contained various sensitive details, including addresses, social security numbers, passcodes, full names, email addresses, and dates of birth. Notably, financial data was not part of the exposed information.

The leaked data is believed to be from 2019 or earlier and has impacted 7.6 million present customers and 65.4 million former account holders. AT&T is actively investigating the breach, although the source remains unknown. As a precautionary measure, the company has reset customer passcodes and advised those affected to closely monitor their account activities and credit reports.

AT&T Stock Declines in Premarket Trading

On March 28, AT&T Inc. stock demonstrated resilience despite the data breach situation, closing at $17.60 with a slight increase of $0.05. However, during premarket trading, the stock experienced a decrease of $0.43 (-2.44%).

AT&T possesses a market capitalization of $125.889 billion, a beta of 0.69, a PE Ratio (TTM) of 8.93, and an EPS (TTM) of 1.97, all suggesting stable financial health. The company offers a forward dividend & yield of 1.11 (6.31%) and holds an average volume of 38,866,136 shares. The upcoming earnings date is set for April 24, 2024. Despite the data breach news, investor confidence in AT&T's long-term value remains intact, indicating an expectation of minimal impact on the company's financial performance.

Disclaimer: The author has no position in the securities discussed in the article.

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