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Verizon (VZ) Deploys Record Public Safety Technology in 2021

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This has been a record year for Verizon Communications Inc. (VZ - Free Report) Frontline public safety technology deployments.

Created for first responders, Verizon Frontline is an advanced network and technology platform that has been developed in partnership with public safety officials to address their needs.

The Verizon Response Team provides assistance during crisis situations to government agencies, emergency responders, non-profit organizations and communities.

The members set up portable cell sites, Wi-Fi hotspots, free charging stations and other Frontline devices and solutions that enhance the network performance.

Year to date, Verizon’s shares have lost 10.3% compared with the industry’s decline of 11.2%.

Zacks Investment ResearchImage Source: Zacks Investment Research

During 2021, the team delivered Frontline technology to first responders as they dealt with crises ranging from extreme weather events and wildfires to the ongoing response to the pandemic.

Despite the challenges, the team extensively deployed technology solutions to cover more than 700 communities across the country. It provided public safety agencies with almost 9,000 Frontline devices ranging from mobile hotspots, routers and drones to deployable satellite solutions.

The number of solutions provided this year exceeds last year’s figure by more than 3,000 and represents a new high for the Verizon Response Team.

Notable achievements in 2021 include wildfire response to more than 128 events in 16 states, hurricane response with 84 deployments across 13 states and the COVID-19 response with 178 deployments across 24 states.

Verizon’s investment in 5G Ultra Wideband enables people to experience unparalleled speed on their phones and in homes. The company intends to provide 5G Ultra Wideband using the C-band spectrum to 100 million people by the end of first-quarter 2022.

VZ currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearfield, Inc. (CLFD - Free Report) is a better-ranked stock in the telecom space, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 60 days.

Clearfield has a trailing four-quarter earnings surprise of 50.8%, on average. The stock has rallied 207.6% in the past year.

Qualcomm, Inc. (QCOM - Free Report) , carrying a Zacks Rank #2 (Buy), is another solid pick for investors. The consensus estimate for next-year earnings has been revised upward by 1.2% over the past 30 days.

Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. It has appreciated 23.7% in the past year.

Sierra Wireless, Inc. (SWIR - Free Report) carries a Zacks Rank #2. The consensus mark for next-year earnings has been revised 300% upward over the past 60 days.

Sierra Wireless pulled off a trailing four-quarter earnings surprise of 34.2%, on average. The stock has returned 18% in the past year.