Investors have enjoyed some generous returns so far in 2023, with the S 500 up 17% and the tech-heavy Nasdaq up 31% as of this writing. Given these returns, investor expectations have been sky-high over the past few weeks as several companies reported earnings.

When it comes to the tech sector in particular, one general theme has been that stocks went down after earnings despite pretty solid reports. My take on this dynamic is that investors in these stocks are simply taking a breather before the second half of the year goes into full swing.

One stock on my radar is (NYSE: T), which has dropped 20% so far in 2023. Although AT is not a high-flying software business, the stock's current trading levels have caught my attention. Let's dig into the fundamentals of the business and see how AT stacks up against a rival. After analyzing its underlying financial position, investors may come to see why now may be a great opportunity to scoop up shares of this stock

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Source Fool.com