We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
QUALCOMM Unit to Boost LTE-V2X Commercial Roll-Outs in China
Read MoreHide Full Article
Qualcomm Technologies, Inc, a subsidiary of QUALCOMM Incorporated (QCOM - Free Report) , China Mobile Research Institute and China Mobile IoT (“CMIoT”) Company Limited recently announced new roadside units (RSUs) for 3rd Generation Partnership Project (3GPP) Release 14 LTE-V2X direct communication (PC5). The system is based on the Qualcomm 9150 Cellular Vehicle-to-Everything (C-V2X) chipset solution. CMIoT is a wholly-owned subsidiary of China Mobile Limited (CHL - Free Report) .
The strategic collaboration among these three entities underscores the expansion of the long-term relationship for the development of the connected vehicle industry in China. LTE-V2X, which will pave an evolutionary path toward 5G New Radio (5G NR), is a core technology of the Intelligent Transport System (ITS). It is a global solution for V2X communications designed to support improved automotive safety, automated driving and traffic efficiency. Also, it is currently the only V2X communication technology compliant with the global 3GPP specifications.
The PC5-based direct communication mode of LTE-V2X offers vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I) and vehicle-to-pedestrian (V2P) communications on the unified 5.9 GHz ITS bands without the need for a Subscriber Identity Module (SIM), cellular subscription or network assistance. Notably, through LTE-V2X, vehicles on the road will have the capability to directly communicate with RSUs, allowing drivers to get information about various use cases.
Notably, C-V2X is a modern technology with superior and predictable radio performance, and will pave the path for secure driving facilities to save lives in future automated driving use cases. It continues to gain worldwide support from the telecommunication standards associations and the automotive ecosystem, including the 5G Automotive Association (5GAA) that has discussed about C-V2X’s readiness for the commercial deployment as early as 2019.
Qualcomm focuses on accelerating LTE-V2X commercial roll-outs in China by increasingly expanding its relationship with the region’s ecosystem. The company’s advance technologies and high-performing automobile solutions are likely to transform the landscape of connected vehicles.
In the past three months, shares of Qualcomm have rallied 26.8% compared with the industry’s rise of 12.8%.
Qualcomm currently carries a Zacks Rank #2 (Buy). A few other top-ranked stocks in the industry are Ribbon Communications Inc (RBBN - Free Report) and Ubiquiti Networks, Inc , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ribbon Communications has a long-term earnings growth expectation of 12%. It beat earnings estimates in each of the trailing four quarters, the average surprise being 168.1%.
Ubiquiti Networks has a long-term earnings growth expectation of 18.6%. It surpassed earnings estimates thrice in the trailing four quarters with an average positive surprise of 9%.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
Image: Bigstock
QUALCOMM Unit to Boost LTE-V2X Commercial Roll-Outs in China
Qualcomm Technologies, Inc, a subsidiary of QUALCOMM Incorporated (QCOM - Free Report) , China Mobile Research Institute and China Mobile IoT (“CMIoT”) Company Limited recently announced new roadside units (RSUs) for 3rd Generation Partnership Project (3GPP) Release 14 LTE-V2X direct communication (PC5). The system is based on the Qualcomm 9150 Cellular Vehicle-to-Everything (C-V2X) chipset solution. CMIoT is a wholly-owned subsidiary of China Mobile Limited (CHL - Free Report) .
The strategic collaboration among these three entities underscores the expansion of the long-term relationship for the development of the connected vehicle industry in China. LTE-V2X, which will pave an evolutionary path toward 5G New Radio (5G NR), is a core technology of the Intelligent Transport System (ITS). It is a global solution for V2X communications designed to support improved automotive safety, automated driving and traffic efficiency. Also, it is currently the only V2X communication technology compliant with the global 3GPP specifications.
The PC5-based direct communication mode of LTE-V2X offers vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I) and vehicle-to-pedestrian (V2P) communications on the unified 5.9 GHz ITS bands without the need for a Subscriber Identity Module (SIM), cellular subscription or network assistance. Notably, through LTE-V2X, vehicles on the road will have the capability to directly communicate with RSUs, allowing drivers to get information about various use cases.
Notably, C-V2X is a modern technology with superior and predictable radio performance, and will pave the path for secure driving facilities to save lives in future automated driving use cases. It continues to gain worldwide support from the telecommunication standards associations and the automotive ecosystem, including the 5G Automotive Association (5GAA) that has discussed about C-V2X’s readiness for the commercial deployment as early as 2019.
Qualcomm focuses on accelerating LTE-V2X commercial roll-outs in China by increasingly expanding its relationship with the region’s ecosystem. The company’s advance technologies and high-performing automobile solutions are likely to transform the landscape of connected vehicles.
In the past three months, shares of Qualcomm have rallied 26.8% compared with the industry’s rise of 12.8%.
Qualcomm currently carries a Zacks Rank #2 (Buy). A few other top-ranked stocks in the industry are Ribbon Communications Inc (RBBN - Free Report) and Ubiquiti Networks, Inc , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ribbon Communications has a long-term earnings growth expectation of 12%. It beat earnings estimates in each of the trailing four quarters, the average surprise being 168.1%.
Ubiquiti Networks has a long-term earnings growth expectation of 18.6%. It surpassed earnings estimates thrice in the trailing four quarters with an average positive surprise of 9%.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>