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Ericsson (ERIC) 5G Gears to Boost Qatar FIFA World Cup Experience
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Ericsson (ERIC - Free Report) and Ooredoo Qatar are collaborating to bring a unique 5G experience for football fans across the Middle Eastern country in the upcoming FIFA World Cup tournament. The partnership between the Sweden-based telecommunications equipment manufacturer and the Qatar-based carrier is likely to add a new dimension to this global football extravaganza set to be held from November to December 2022.
Per the deal, the two firms will work in unison to offer seamless 5G connectivity in eight stadiums across six cities, as well as in dedicated fan zones, airports, and places of attraction. This will entail Ericsson to provide network optimization by applying industry-leading AI-powered technologies and leverage live and predictive network data to achieve the maximum potential. The firms will also aim to ensure optimum performance by effectively managing Ericsson Radio System products.
Ericsson Radio System comprises hardware, software and services for radio, Radio Access Network (RAN) Compute, antenna system, transport, power, and site solutions. It enables a smooth and cost-effective migration from 4G to 5G, supporting communications service providers to launch the avant-garde technology and expand the 5G coverage fast. The company’s 5G radio access technologies provide the infrastructure required to meet the growing demand for high-bandwidth connections and support the real-time, low-latency, high-reliability communication requirements of mission-critical applications.
With the emergence of the smartphone market and the subsequent usage of mobile broadband, user demand for coverage speed and quality has increased exponentially. Further, to maintain the performance with increased traffic, there is a continuous need for network tuning and optimization. Ericsson, being one of the premier telecom service providers, is much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity. It is reportedly the world’s largest supplier of LTE technology with a significant market share and has established a large number of LTE networks worldwide.
The long-term agreement with Ooredoo Qatar will facilitate the nationwide network upgrade to 5G technology. The state-of-the-art telecommunications equipment will further enable football fans to witness live streaming from the sports venues in addition to interactive communication and social networking services. To date, Ericsson has secured 149 commercial 5G agreements with unique communication service providers, of which 97 are live networks. The company is increasingly focusing on 5G system development to capitalize on the upcoming market opportunities. The company believes that the standardization of 5G is the cornerstone for the digitization of industries and broadband. Moreover, Ericsson foresees mainstream 4G offerings to give way to 5G technology in the future.
Meanwhile, the impending deployment of 5G networks is expected to boost the adoption of IoT devices, with technologies like network slicing gaining more prominence. Currently, Ericsson is investing in its competitive 5G-ready portfolio to enable customers to seamlessly migrate to 5G. AI and automation remain key enablers for its business development.
The stock has lost 10.1% over the past year against the industry’s growth of 16.3%. Nevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock.
Clearfield delivered an earnings surprise of 49%, on average, in the trailing four quarters.Earnings estimates for the current year for the stock have moved up 19.4% in the past 60 days. Over the past year, Clearfield has gained a stellar 194.3%.
Qualcomm Incorporated (QCOM - Free Report) , carrying a Zacks Rank #2 (Buy), is another solid pick for investors. It has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 11.2%, on average, in the trailing four quarters.
Earnings estimates for the current year for the stock have moved up 14.7% in the past 90 days. Qualcomm is likely to benefit in the long run from solid 5G traction and a surge in demand for essential products that are the building blocks for digital transformation in the cloud economy.
Arista Networks, Inc. (ANET - Free Report) carries a Zacks Rank #2. It has a long-term earnings growth expectation of 16.7% and delivered an earnings surprise of 6%, on average, in the trailing four quarters.
Arista is likely to benefit from strong momentum and diversification across its top verticals and product lines. It has expanded its cognitive campus edge portfolio with a new Wi-Fi 6E access point and has introduced an enterprise-grade Software-as-a-Service offering for its flagship CloudVision platform.
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Ericsson (ERIC) 5G Gears to Boost Qatar FIFA World Cup Experience
Ericsson (ERIC - Free Report) and Ooredoo Qatar are collaborating to bring a unique 5G experience for football fans across the Middle Eastern country in the upcoming FIFA World Cup tournament. The partnership between the Sweden-based telecommunications equipment manufacturer and the Qatar-based carrier is likely to add a new dimension to this global football extravaganza set to be held from November to December 2022.
Per the deal, the two firms will work in unison to offer seamless 5G connectivity in eight stadiums across six cities, as well as in dedicated fan zones, airports, and places of attraction. This will entail Ericsson to provide network optimization by applying industry-leading AI-powered technologies and leverage live and predictive network data to achieve the maximum potential. The firms will also aim to ensure optimum performance by effectively managing Ericsson Radio System products.
Ericsson Radio System comprises hardware, software and services for radio, Radio Access Network (RAN) Compute, antenna system, transport, power, and site solutions. It enables a smooth and cost-effective migration from 4G to 5G, supporting communications service providers to launch the avant-garde technology and expand the 5G coverage fast. The company’s 5G radio access technologies provide the infrastructure required to meet the growing demand for high-bandwidth connections and support the real-time, low-latency, high-reliability communication requirements of mission-critical applications.
With the emergence of the smartphone market and the subsequent usage of mobile broadband, user demand for coverage speed and quality has increased exponentially. Further, to maintain the performance with increased traffic, there is a continuous need for network tuning and optimization. Ericsson, being one of the premier telecom service providers, is much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity. It is reportedly the world’s largest supplier of LTE technology with a significant market share and has established a large number of LTE networks worldwide.
The long-term agreement with Ooredoo Qatar will facilitate the nationwide network upgrade to 5G technology. The state-of-the-art telecommunications equipment will further enable football fans to witness live streaming from the sports venues in addition to interactive communication and social networking services. To date, Ericsson has secured 149 commercial 5G agreements with unique communication service providers, of which 97 are live networks. The company is increasingly focusing on 5G system development to capitalize on the upcoming market opportunities. The company believes that the standardization of 5G is the cornerstone for the digitization of industries and broadband. Moreover, Ericsson foresees mainstream 4G offerings to give way to 5G technology in the future.
Meanwhile, the impending deployment of 5G networks is expected to boost the adoption of IoT devices, with technologies like network slicing gaining more prominence. Currently, Ericsson is investing in its competitive 5G-ready portfolio to enable customers to seamlessly migrate to 5G. AI and automation remain key enablers for its business development.
The stock has lost 10.1% over the past year against the industry’s growth of 16.3%. Nevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock.
A better-ranked stock in the industry is Clearfield, Inc. (CLFD - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Clearfield delivered an earnings surprise of 49%, on average, in the trailing four quarters.Earnings estimates for the current year for the stock have moved up 19.4% in the past 60 days. Over the past year, Clearfield has gained a stellar 194.3%.
Qualcomm Incorporated (QCOM - Free Report) , carrying a Zacks Rank #2 (Buy), is another solid pick for investors. It has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 11.2%, on average, in the trailing four quarters.
Earnings estimates for the current year for the stock have moved up 14.7% in the past 90 days. Qualcomm is likely to benefit in the long run from solid 5G traction and a surge in demand for essential products that are the building blocks for digital transformation in the cloud economy.
Arista Networks, Inc. (ANET - Free Report) carries a Zacks Rank #2. It has a long-term earnings growth expectation of 16.7% and delivered an earnings surprise of 6%, on average, in the trailing four quarters.
Arista is likely to benefit from strong momentum and diversification across its top verticals and product lines. It has expanded its cognitive campus edge portfolio with a new Wi-Fi 6E access point and has introduced an enterprise-grade Software-as-a-Service offering for its flagship CloudVision platform.