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Sabre (SABR) Extends Distribution Deal With Cathay Pacific
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Sabre Corporation (SABR - Free Report) recently strengthened its existing relationship with Hong Kong’s Cathay Pacific Airways by inking a new distribution agreement. Per the deal, Cathay Pacific will be utilizing Sabre’s New Distribution Capability (NDC)-enabled consistent end-to-end workflow solution to distribute offerings to worldwide travel agencies through Sabre’s travel marketplace.
Through the latest move, the Cathay City-based air carrier intends to enhance its airline retailing capabilities and provide new and personalized offers like shopping and booking, and services to corporations and travel agencies globally.
In February, Cathay Pacific signed a new agreement with Sabre to leverage Sabre's AirVision Fares Manager and Fares Optimizer solutions to achieve strategic pricing and intelligent offer creation in the currently dynamic travel marketplace.
The recent collaboration reflects the reliability of Sabre’s Beyond NDC Program and Global Distribution System platform, which works like a marketplace connecting travel suppliers with buyers. This, in turn, is likely to aid the company in expanding its customer share in the Airlines Solutions segment.
The leading travel-related software and technology provider has a customer base spread over 160 nations globally. Sabre is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually. Currently, it has over 425,000 agency partners globally.
Of late, Sabre has been showing signs of a turnaround with consecutive deal wins from major global airlines, hoteliers and travel agencies. In May, Sabre entered a distribution agreement with Mexico’s Viva Aerobus to aid the airline in driving future revenue growth through agency sales.
In the same month, the company entered an agreement to acquire the Florida-based Nuvola — a single destination cloud-based platform providing service optimization software to the hospitality industry. Through this acquisition, the company plans to improve its hospitality retailing and merchandising strategy and broaden its property and operations abilities.
Zacks Rank & Stocks to Consider
Sabre currently carries a Zacks Rank of 3 (Hold). Shares of SABR have plunged 57% in the past year.
The Zacks Consensus Estimate for Axcelis’ second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 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 34.7% in the past year.
The Zacks Consensus Estimate for Baidu’s second-quarter 2022 earnings has been revised 31 cents southward to $1.38 per share over the past 30 days. For 2022, earnings estimates have moved 3 cents north to $8.27 per share in the past 30 days.
Baidu's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have fallen 25.5% in the past year.
The Zacks Consensus Estimate for Analog Devices' third-quarter fiscal 2022 earnings has been revised upward by 5 cents 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 decreased 11.6% in the past year.
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Sabre (SABR) Extends Distribution Deal With Cathay Pacific
Sabre Corporation (SABR - Free Report) recently strengthened its existing relationship with Hong Kong’s Cathay Pacific Airways by inking a new distribution agreement. Per the deal, Cathay Pacific will be utilizing Sabre’s New Distribution Capability (NDC)-enabled consistent end-to-end workflow solution to distribute offerings to worldwide travel agencies through Sabre’s travel marketplace.
Through the latest move, the Cathay City-based air carrier intends to enhance its airline retailing capabilities and provide new and personalized offers like shopping and booking, and services to corporations and travel agencies globally.
In February, Cathay Pacific signed a new agreement with Sabre to leverage Sabre's AirVision Fares Manager and Fares Optimizer solutions to achieve strategic pricing and intelligent offer creation in the currently dynamic travel marketplace.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
The recent collaboration reflects the reliability of Sabre’s Beyond NDC Program and Global Distribution System platform, which works like a marketplace connecting travel suppliers with buyers. This, in turn, is likely to aid the company in expanding its customer share in the Airlines Solutions segment.
The leading travel-related software and technology provider has a customer base spread over 160 nations globally. Sabre is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually. Currently, it has over 425,000 agency partners globally.
Of late, Sabre has been showing signs of a turnaround with consecutive deal wins from major global airlines, hoteliers and travel agencies. In May, Sabre entered a distribution agreement with Mexico’s Viva Aerobus to aid the airline in driving future revenue growth through agency sales.
In the same month, the company entered an agreement to acquire the Florida-based Nuvola — a single destination cloud-based platform providing service optimization software to the hospitality industry. Through this acquisition, the company plans to improve its hospitality retailing and merchandising strategy and broaden its property and operations abilities.
Zacks Rank & Stocks to Consider
Sabre currently carries a Zacks Rank of 3 (Hold). Shares of SABR have plunged 57% in the past year.
Some better-ranked stocks from the broader Computer and Technology sector are Axcelis Technologies (ACLS - Free Report) , Baidu (BIDU - Free Report) and Analog Devices (ADI - Free Report) . While Axcelis currently flaunts a Zacks Rank #1 (Strong Buy), Analog Devices and Baidu carry 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 Axcelis’ second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 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 34.7% in the past year.
The Zacks Consensus Estimate for Baidu’s second-quarter 2022 earnings has been revised 31 cents southward to $1.38 per share over the past 30 days. For 2022, earnings estimates have moved 3 cents north to $8.27 per share in the past 30 days.
Baidu's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have fallen 25.5% in the past year.
The Zacks Consensus Estimate for Analog Devices' third-quarter fiscal 2022 earnings has been revised upward by 5 cents 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 decreased 11.6% in the past year.