Orange S.A. ( ORAN Quick Quote ORAN - Free Report) recently collaborated with Amazon Web Services (AWS) — the cloud computing platform of Amazon.com, Inc. ( AMZN Quick Quote AMZN - Free Report) — to facilitate the digital transformation of enterprise firms to enable them to gain more mileage from various cloud-based applications. The strategic partnership is also likely to standardize and optimize applications within the AWS environments to help enterprises accelerate innovation, reduce risks and improve efficiency levels. The collaboration will offer a one-stop solution to customers by integrating data analytics and cybersecurity solutions under a single platform. While Orange boasts profound industry experience in cybersecurity and cloud-native applications, AWS has created a niche market in the cloud computing domain with a mix of infrastructure-as-a-service and packaged software-as-a-service offerings. Together the firms will work in unison to fast-track a seamless transition for customers to the cloud. Per the agreement, a Cloud Center of Excellence will be built on AWS to jointly coordinate an extensive training and certification program for more than 3,000 Orange Business Services domain experts. This, in turn, will help eliminate multivendor complexities, stimulate digitization and enable customers to explore innovation to improve cloud applications on AWS. In addition, continued investments by Orange to augment its cloud-native skills will help customers to boost on-demand delivery and flexibility, improve resiliency, and optimize costs. With a unique set of capabilities across connectivity, design, migration, security and local delivery, Orange Business Services offers a definite roadmap to help customers leverage the breadth and depth of AWS services to quickly develop and deploy cloud native applications. The tie-up between the two firms will facilitate consumption-based interfaces for seamless orchestration, network exposure and service assurance. This is expected to improve the service capabilities of the French carrier and enable it to significantly scale a traditional wireless network for varied customers. Notably, Orange Business Services is well poised to support the transition of global businesses across every stage of the data lifecycle from collection, transport, storage and processing to analysis and sharing, thereby translating to incremental revenues in the long run. The stock has lost 25.6% in the past year compared with the industry’s decline of 19.8%.
With a long-term earnings growth expectation of 5.8% and a
VGM Score of A, this Zacks Rank #3 (Hold) stock appears to be a prudent pick in this volatile market. Some better-ranked stocks in the industry are Ceragon Networks Ltd. ( CRNT Quick Quote CRNT - Free Report) and Vodafone Group PLC ( VOD Quick Quote VOD - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see . the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here Ceragon has a long-term earnings growth expectation of 15%. Vodafone has a long-term earnings growth expectation of 9.9%. More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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