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Sabre (SABR) Adds Qatar Airways' NDC Content to Its GDS
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Sabre Corporation (SABR - Free Report) recently announced that it has integrated the International Air Transport Association-certified New Distribution Capability (“NDC”) content from Qatar Airways into its Global Distribution System (“GDS”).
With this integration, Sabre-connected travel agents worldwide will be able to manage, shop and book unique NDC contents offered by Qatar Airways through the former’s Sabre Red 360 point-of-sale tool. Sabre was running a pilot program related to this with its customers in Australia and Sweden before rolling out NDC contents globally on Jul 7.
The recent collaboration reflects the reliability of SABR’s Beyond NDC Program and GDS platform, which work 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 more than 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 June this year, the company announced that the Turkey-based online travel marketplace company, Wingie Enuygun, entered a multi-year renewal of the GDS agreement to accelerate its international growth plans.
In the same month, Sabre 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-enabled consistent end-to-end workflow solution to distribute offerings to worldwide travel agencies through Sabre’s travel marketplace.
In May, Sabre entered an agreement to acquire Florida-based Nuvola – a single-destination cloud-based platform providing service optimization software for the hospitality industry. Through this buyout, the company plans to improve its hospitality retailing and merchandising strategy and broaden its property and operations abilities.
Zacks Rank & Stocks to Consider
Currently, Sabre carries a Zacks Rank #3 (Hold). Shares of SABR have plunged 20.2% year to date (“YTD”).
The Zacks Consensus Estimate for Broadcom's third-quarter fiscal 2022 earnings has been revised upward by 9.9% to $9.62 per share over the past 60 days. For fiscal 2022, the Zacks Consensus Estimate for Broadcom's earnings has moved north by seven cents to $37.03 per share in the past 30 days.
Broadcom's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 2.2%. Shares of AVGO have plunged 25% YTD.
The Zacks Consensus Estimate for Synopsys' third-quarter fiscal 2022 earnings has been revised upward by 25.3% to $1.93 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 7.2% to $8.47 per share in the past 60 days.
Synopsys' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 2.7%. Shares of SNPS have decreased 13.3% YTD.
The Zacks Consensus Estimate for CrowdStrike's second-quarter fiscal 2023 earnings has been revised upward by three cents to 29 cents per share in the past 60 days. For fiscal 2023, earnings estimates have moved north by a penny to $1.24 per share in the past seven days.
CrowdStrike's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 44.3%. Shares of CRWD have plunged 7.1% YTD.
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Sabre (SABR) Adds Qatar Airways' NDC Content to Its GDS
Sabre Corporation (SABR - Free Report) recently announced that it has integrated the International Air Transport Association-certified New Distribution Capability (“NDC”) content from Qatar Airways into its Global Distribution System (“GDS”).
With this integration, Sabre-connected travel agents worldwide will be able to manage, shop and book unique NDC contents offered by Qatar Airways through the former’s Sabre Red 360 point-of-sale tool. Sabre was running a pilot program related to this with its customers in Australia and Sweden before rolling out NDC contents globally on Jul 7.
The recent collaboration reflects the reliability of SABR’s Beyond NDC Program and GDS platform, which work 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 more than 425,000 agency partners globally.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
Of late, Sabre has been showing signs of a turnaround with consecutive deal wins from major global airlines, hoteliers and travel agencies. In June this year, the company announced that the Turkey-based online travel marketplace company, Wingie Enuygun, entered a multi-year renewal of the GDS agreement to accelerate its international growth plans.
In the same month, Sabre 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-enabled consistent end-to-end workflow solution to distribute offerings to worldwide travel agencies through Sabre’s travel marketplace.
In May, Sabre entered an agreement to acquire Florida-based Nuvola – a single-destination cloud-based platform providing service optimization software for the hospitality industry. Through this buyout, the company plans to improve its hospitality retailing and merchandising strategy and broaden its property and operations abilities.
Zacks Rank & Stocks to Consider
Currently, Sabre carries a Zacks Rank #3 (Hold). Shares of SABR have plunged 20.2% year to date (“YTD”).
Some better-ranked stocks worth considering from the broader technology sector are Broadcom (AVGO - Free Report) , Synopsys (SNPS - Free Report) and CrowdStrike (CRWD - Free Report) . Broadcom and Synopsys each sport a Zacks Rank #1 (Strong Buy), while CrowdStrike carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Broadcom's third-quarter fiscal 2022 earnings has been revised upward by 9.9% to $9.62 per share over the past 60 days. For fiscal 2022, the Zacks Consensus Estimate for Broadcom's earnings has moved north by seven cents to $37.03 per share in the past 30 days.
Broadcom's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 2.2%. Shares of AVGO have plunged 25% YTD.
The Zacks Consensus Estimate for Synopsys' third-quarter fiscal 2022 earnings has been revised upward by 25.3% to $1.93 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 7.2% to $8.47 per share in the past 60 days.
Synopsys' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 2.7%. Shares of SNPS have decreased 13.3% YTD.
The Zacks Consensus Estimate for CrowdStrike's second-quarter fiscal 2023 earnings has been revised upward by three cents to 29 cents per share in the past 60 days. For fiscal 2023, earnings estimates have moved north by a penny to $1.24 per share in the past seven days.
CrowdStrike's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 44.3%. Shares of CRWD have plunged 7.1% YTD.