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Bandwidth (BAND), Cisco Collaborate to Simplify Cloud Migration

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Bandwidth Inc. (BAND - Free Report) has collaborated with Cisco to integrate Bandwidth Maestro with the cloud-native phone system Webex Calling and support enterprises with a streamlined cloud migration process. Webex Calling optimizes critical business communications and improves productivity, efficiency and responsiveness.

Webex boasts an extensive customer base of approximately ten million users who will be able to leverage advanced Maestro enterprise communication platforms that feature best-in-class UCaaS (Unified Communications as a Service), CCaaS (Contact Center as a Service), and AI platforms to facilitate the smooth delivery of cloud communication. Bandwidth provides greater control and manageability of phone numbers through Webex Control Hub, which reduces complexity and ensures a better experience for end users.

The inclusion of Bandwidth Maestro provides enhanced flexibility as it allows for cloud connectivity at any stage of the cloud migration journey, whether on premises or purely in the cloud. To connect to the PSTN (Public Switched Telephone Network), businesses can use Bandwidth's Tier 1 network instead of installing an on-site gateway. This facilitates quicker deployment, simplifies the process, and lowers overall expenses. This agreement signifies the extension of the company’s long-term business relationship with Cisco and significantly boosts its commercial outlook.

Bandwidth enables enterprises to rapidly scale communications functionalities to a vast range of applications and devices with its easy-to-use software APIs. It is the only application programming interface (API) platform provider that owns a Tier 1 network with enhanced network capacity, primarily catering to business enterprises. With 8,800 on-net rate centers, it delivers unparalleled network quality and proactively monitors network operations 24/7 to resolve quality issues. The company’s reduced capital expenditure requirements and lower marginal costs enable it to minimize total costs to customers.

Bandwidth operates as a Communications Platform-as-a-Service (CPaaS) provider, offering avant-garde software application programming interfaces for voice and messaging services. With an experience of two decades, it is the sole CPaaS provider in the industry with a diversified customer base ranging from communications service providers to small and medium-sized businesses.

Continuous innovation on CPaaS offerings allows enterprise customers to have direct access to Bandwidth’s comprehensive suite of products and services that cater to the networking requirements of large-scale Internet companies and cloud service providers based in the United States. The company believes that its evolving portfolio and accretive customer base are the cornerstones of long-term growth across a diverse set of markets.

Shares of Bandwidth have lost 39.3% in the past year compared with the industry’s decline of 39.1%.

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The company currently carries a Zacks Rank #3 (Hold).

InterDigital, Inc. (IDCC - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), delivered an earnings surprise of 170.89%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 579.03%. You can see the complete list of today’s Zacks #1 Rank stocks here.

It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.

Akamai Technologies, Inc. (AKAM - Free Report) ,  currently carrying a Zacks Rank #2(Buy), delivered an earnings surprise of 4.86%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 6.06%.

It is a global provider of content delivery network and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Its offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.

Meta Platforms Inc. (META - Free Report) , also sporting a Zacks Rank #1, delivered an earnings surprise of 15.46%, on average, in the trailing four quarters. It is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like the photo and video-sharing app Instagram and the WhatsApp messaging app, owing to acquisitions.

Meta is considered to have pioneered the concept of social networking, which is why it enjoys a first-mover advantage in this market. As developed regions mature, Meta undertakes measures to drive penetration in the emerging markets of South East Asia, Latin America and Africa.

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