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Ericsson, Cisco to Revamp Telefonica Guatemala's Network
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Communications technology and services provider, Telefonaktiebolaget LM Ericsson (publ) (ERIC - Free Report) , and its partner Cisco Systems, Inc. (CSCO - Free Report) , have joined hands to develop a modern, IP-based network – Internet Protocol (IP) network – for Telefonica Guatemala.
Telefonica Guatemala will make use of Ericsson’s integration services and Cisco’s I Cisco ASR 9010 and ASR 1001 routers, in order to support the rising demand of high-speed broadband from its seven million customers in the country. Guatemala is the first country in Central America, which had introduced 3G services in 2008, with its subscribers' base currently skyrocketing to 3.2 million.
In particular, Telefonica will be able to enjoy services like Ethernet services, VPNs, and IPv6, leveraging on Ericsson and Cisco’s technical knowhow. This network revamp will further facilitate future network requirements, based on the Network Functions Virtualization (NFV) and cloud implementations.
The Ericsson-Cisco Collaboration
Ericsson and Cisco’s collaboration dates back to Nov 2015, with the communications technology behemoths inking a global business and technology partnership to create futuristic networks. The Ericsson-Cisco duo extends routing, data center, networking, cloud, mobility, management and control, and global services capabilities to clients across the globe.
It appears that this collaboration is shaping up well, with the companies jointly bagging more than 60 deals in IP (routing and transport) and services. At present, they enjoy 250 active customer engagements and remain optimistic that these will lead to lucrative award wins, going forward. After having announced deals with Vodafone Portugal, Aster Dominican Republic and Cable & Wireless in 2016, most recently the Ericsson-Cisco team has also been cleared by Brazilian regulatory authorities.
Ericsson Shows Signs of Slumping Further
Despite forging of strategic partnerships and having a dominant presence in high-traffic LTE markets, Ericsson had a disastrous run on the bourse in 2016. Ericsson’s shares registered a plunge of 23.8%, over the past one year, much wider than the Zacks classified Wireless Equipment industry's average negative return of 2.4%. Soft mobile broadband demand, slowdown in emerging markets and weaker-than-expected benefits from cost-cutting initiatives have hampered the company’s growth significantly.
With three back-to-back earnings misses, over the trailing four quarters, Ericsson has an unimpressive average negative earnings surprise of 23.0%. Further, with the Zacks Rank #4 (Sell) stock’s earnings estimates moving south, over the past couple of months, the situation turns more grim. The Zacks Consensus Estimate for 2016 earnings descended from 41 cents to 33 cents, over the past two months. This is attributable to two downward estimate revisions compared with none upward.
Stocks to Consider
Some better-ranked stocks in the same space Exa Corp. and Harris Corporation . While Exa Corp. sports a Zacks Rank #1 (Strong Buy), Harris Corporation carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Also, Exa Corp has managed to beat estimates each time, over the trailing four quarters and has an average positive surprise of 68.1%.
Harris Corporation has an impressive earnings surprise history for the trailing four quarters, beating estimates all through, for an average of 4.2%.
Zacks' Top 10 Stocks for 2017
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Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
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Ericsson, Cisco to Revamp Telefonica Guatemala's Network
Communications technology and services provider, Telefonaktiebolaget LM Ericsson (publ) (ERIC - Free Report) , and its partner Cisco Systems, Inc. (CSCO - Free Report) , have joined hands to develop a modern, IP-based network – Internet Protocol (IP) network – for Telefonica Guatemala.
Telefonica Guatemala will make use of Ericsson’s integration services and Cisco’s I Cisco ASR 9010 and ASR 1001 routers, in order to support the rising demand of high-speed broadband from its seven million customers in the country. Guatemala is the first country in Central America, which had introduced 3G services in 2008, with its subscribers' base currently skyrocketing to 3.2 million.
In particular, Telefonica will be able to enjoy services like Ethernet services, VPNs, and IPv6, leveraging on Ericsson and Cisco’s technical knowhow. This network revamp will further facilitate future network requirements, based on the Network Functions Virtualization (NFV) and cloud implementations.
The Ericsson-Cisco Collaboration
Ericsson and Cisco’s collaboration dates back to Nov 2015, with the communications technology behemoths inking a global business and technology partnership to create futuristic networks. The Ericsson-Cisco duo extends routing, data center, networking, cloud, mobility, management and control, and global services capabilities to clients across the globe.
It appears that this collaboration is shaping up well, with the companies jointly bagging more than 60 deals in IP (routing and transport) and services. At present, they enjoy 250 active customer engagements and remain optimistic that these will lead to lucrative award wins, going forward. After having announced deals with Vodafone Portugal, Aster Dominican Republic and Cable & Wireless in 2016, most recently the Ericsson-Cisco team has also been cleared by Brazilian regulatory authorities.
Ericsson Shows Signs of Slumping Further
Despite forging of strategic partnerships and having a dominant presence in high-traffic LTE markets, Ericsson had a disastrous run on the bourse in 2016. Ericsson’s shares registered a plunge of 23.8%, over the past one year, much wider than the Zacks classified Wireless Equipment industry's average negative return of 2.4%. Soft mobile broadband demand, slowdown in emerging markets and weaker-than-expected benefits from cost-cutting initiatives have hampered the company’s growth significantly.
With three back-to-back earnings misses, over the trailing four quarters, Ericsson has an unimpressive average negative earnings surprise of 23.0%. Further, with the Zacks Rank #4 (Sell) stock’s earnings estimates moving south, over the past couple of months, the situation turns more grim. The Zacks Consensus Estimate for 2016 earnings descended from 41 cents to 33 cents, over the past two months. This is attributable to two downward estimate revisions compared with none upward.
Stocks to Consider
Some better-ranked stocks in the same space Exa Corp. and Harris Corporation . While Exa Corp. sports a Zacks Rank #1 (Strong Buy), Harris Corporation carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Also, Exa Corp has managed to beat estimates each time, over the trailing four quarters and has an average positive surprise of 68.1%.
Harris Corporation has an impressive earnings surprise history for the trailing four quarters, beating estimates all through, for an average of 4.2%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>