F5 Networks ( FFIV Quick Quote FFIV - Free Report) recently announced that it has collaborated with Japanese conglomerate SoftBank Corp. to offer advanced Multi-access Edge Computing ("MEC") services in Japan and international markets.
Per the agreement, the company's F5 Distributed Cloud Services will host and protect SoftBank's MEC applications for use cases such as the Internet of Things, smart buildings, smart retail, gaming, and Augmented Reality/Virtual Reality. The cloud platform will ensure a low-latency, high-quality, and secure application communications environment and enable SoftBank's enterprise customers to transfer more of their business-critical applications to multiple edge locations.
F5's Distributed Cloud Services will facilitate faster service delivery, enhance fault tolerance, and simplify application development and testing. The platform comes with automated operations in the network for functions such as 5G Core and Radio Access Network and delivers networking and security on an integrated cloud-native platform.
Under the present deal, F5 Networks will accelerate SoftBank's enterprise customers' digital transformation path by addressing challenging requirements pertaining to application availability, performance, and security.
It is worth mentioning that the Tokyo-based company had started MEC deployment for 5G SA (5G MEC) in May 2022 in Japan.
In February this year, F5 Networks declared the expansion of its application security and delivery portfolio with the launch of F5 Distributed Cloud Services. The newly launched platform provides security, multi-cloud networking, and edge-based computing solutions on a unified software-as-a-service platform.
Zacks Rank & Key Picks
F5 Networks currently carries a Zacks Rank #4 (Sell). Shares of FFIV have declined 11.1% in the past year.
Some better-ranked stocks from the broader sector are Computer and Technology Avnet ( AVT Quick Quote AVT - Free Report) , Axcelis Technologies ( ACLS Quick Quote ACLS - Free Report) and Analog Devices ( ADI Quick Quote ADI - Free Report) . While Avnet and Axcelis sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank of 2 (Buy). You can see . the complete list of today's Zacks #1 Rank stocks here The Zacks Consensus Estimate for Avnet's fourth-quarter fiscal 2022 earnings has been revised 55 cents northward to $1.96 per share over the past 60 days. For 2022, earnings estimates have moved 20.5% north to $6.83 per share in the past 60 days. Avnet's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 21.2%. Shares of AVT have rallied 10.7% in the past year. The Zacks Consensus Estimate for Axcelis' second-quarter 2022 earnings has been revised 3 cents upward to 99 cents per share over the past 30 days. For 2022, the Zacks Consensus Estimate for Axcelis' earnings has moved 41 cents north to $4.40 per share in the past 30 days. Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.5%. Shares of ACLS have surged 49.2% in the past year. The Zacks Consensus Estimate for Analog Devices' third-quarter fiscal 2022 earnings has been revised 5 cents upward to $2.42 per share over the past 30 days. For fiscal 2022, earnings estimates have moved 16 cents north to $9.24 per share in the past 30 days. Analog Devices' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of ADI have increased 0.5% in the past year.