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.
TESSCO (TESS) Boosts CBRS Solutions With Federated Wireless
Read MoreHide Full Article
TESSCO Technologies Incorporated recently announced its collaboration with Federated Wireless, a wireless communications company, to propel the adoption of Citizens Broadband Radio Service (CBRS) in the private wireless market.
The agreement is primarily focused at deploying best-in-class CBRS solutions while addressing its accretive requirements in industries such as transportation and manufacturing with a streamlined connectivity infrastructure. It is worth mentioning that TESSCO supplies more than 50,000 products from 400 of the industry’s top manufacturers in mobile communications, Wi-Fi, and wireless backhaul, among others.
Recognized as a forerunner in CBRS shared spectrum technology, Federated Wireless is a communication services provider that is equipped with a partner ecosystem of more than 40 device manufacturers and edge partners. With a diverse customer base ranging from telecommunications and education to retail and residential verticals, Federated Wireless is touted as the first company to conclude a broad range of network tests with its Spectrum Controller.
In fact, it also brings forth new advanced use cases such as Industrial IoT and network densification. As majority of operators are striving to evolve the scenario of wireless communications globally, CBRS plays an important role in supporting the exponential data growth with enhanced spectral efficiency.
Markedly, the game changing collaboration will fast-track the commercial adoption of CBRS in the private wireless market while providing a comprehensive range of CBRS solutions to both customers and suppliers. Interestingly, both TESSCO and Federated Wireless are part of the CBRS Alliance.
The CBRS Alliance drives technological innovations to ensure multi-vendor interoperability on the back of 3.5 GHz band spectrum in the United States. Apart from Federated Wireless, some of its sponsor members are Intel Corporation (INTC - Free Report) , Motorola Solutions, Inc. (MSI - Free Report) and Ericsson (ERIC - Free Report) . Backed by such dedicated endeavors, the partnership will not only boost the deployment process of CBRS private wireless networks but also reinforce TESSCO’s position with best-in-class operational and technical capabilities.
Moving forward, TESSCO expects to record business growth in fiscal 2021 on a healthy balance sheet position. While undertaking various initiatives to slash operating costs, the company continues to advance its strategic initiatives by investing in its Ventev business, commercial sales and product teams, software and service initiatives as well as other technological advances. Notably, the latest partnership is likely to develop TESSCO’s long-standing relationships with other major players in the global market, thereby ensuring a steady revenue stream in the long run.
TESSCO is well placed to capitalize on the exponential growth of the industry. It is undertaking measures to improve profitability in the long term. Shares of the Zacks Rank #3 (Hold) company have returned 5.6% compared with the industry’s growth of 29.4% in the past three months. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
TESSCO (TESS) Boosts CBRS Solutions With Federated Wireless
TESSCO Technologies Incorporated recently announced its collaboration with Federated Wireless, a wireless communications company, to propel the adoption of Citizens Broadband Radio Service (CBRS) in the private wireless market.
The agreement is primarily focused at deploying best-in-class CBRS solutions while addressing its accretive requirements in industries such as transportation and manufacturing with a streamlined connectivity infrastructure. It is worth mentioning that TESSCO supplies more than 50,000 products from 400 of the industry’s top manufacturers in mobile communications, Wi-Fi, and wireless backhaul, among others.
Recognized as a forerunner in CBRS shared spectrum technology, Federated Wireless is a communication services provider that is equipped with a partner ecosystem of more than 40 device manufacturers and edge partners. With a diverse customer base ranging from telecommunications and education to retail and residential verticals, Federated Wireless is touted as the first company to conclude a broad range of network tests with its Spectrum Controller.
In fact, it also brings forth new advanced use cases such as Industrial IoT and network densification. As majority of operators are striving to evolve the scenario of wireless communications globally, CBRS plays an important role in supporting the exponential data growth with enhanced spectral efficiency.
Markedly, the game changing collaboration will fast-track the commercial adoption of CBRS in the private wireless market while providing a comprehensive range of CBRS solutions to both customers and suppliers. Interestingly, both TESSCO and Federated Wireless are part of the CBRS Alliance.
The CBRS Alliance drives technological innovations to ensure multi-vendor interoperability on the back of 3.5 GHz band spectrum in the United States. Apart from Federated Wireless, some of its sponsor members are Intel Corporation (INTC - Free Report) , Motorola Solutions, Inc. (MSI - Free Report) and Ericsson (ERIC - Free Report) . Backed by such dedicated endeavors, the partnership will not only boost the deployment process of CBRS private wireless networks but also reinforce TESSCO’s position with best-in-class operational and technical capabilities.
Moving forward, TESSCO expects to record business growth in fiscal 2021 on a healthy balance sheet position. While undertaking various initiatives to slash operating costs, the company continues to advance its strategic initiatives by investing in its Ventev business, commercial sales and product teams, software and service initiatives as well as other technological advances. Notably, the latest partnership is likely to develop TESSCO’s long-standing relationships with other major players in the global market, thereby ensuring a steady revenue stream in the long run.
TESSCO is well placed to capitalize on the exponential growth of the industry. It is undertaking measures to improve profitability in the long term. Shares of the Zacks Rank #3 (Hold) company have returned 5.6% compared with the industry’s growth of 29.4% in the past three months. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>