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Verizon (VZ) to Showcase 5G Innovations at Los Angeles Event
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Verizon Communications Inc. (VZ - Free Report) and Samsung have joined forces to demonstrate innovative 5G capabilities and advanced use cases at the state-of-the-art Sofi Stadium in Los Angeles. Scheduled for Oct 11, this event will bring prominent business leaders and experts from Verizon and Samsung together to showcase the impact and significance of 5G across various industries.
The event visitors will have the unique opportunity to witness some of the most advanced technologies, such as coach-to-coach communications, 5G Edge Accelerated Access, 5G Edge Aerial Inspections and Real Time communications and cashless checkout through 5G Edge technology, among others. Notably, the coach-to-coach communication technology is already adopted by the NFL for all its stadiums. The attendees at the 5G innovation session will also be able to experience various other innovations, including Network Slicing experience on the Samsung Galaxy S23, Samsung Galaxy Connected Ecosystem and the robust Samsung Knox Security solution.
In addition to highlighting its upcoming innovations, the event will likely offer a key insight into its holistic growth strategy with customer focus at its core. Verizon is building the entire network infrastructure and ecosystem to provide the most amazing 5G experience to customers. The company is likely to benefit from a disciplined network upgrade strategy backed by a customer-centric business model and diligent execution of operational plans. With the ramp-up of 5G service across the country, Verizon is expected to retain its lead in promulgating 5G mobile networks nationwide by using virtualized machines, advanced levels of operational automation and adaptability.
Moreover, the company is offering various mix-and-match pricing in wireless and home broadband plans, which has led to solid customer additions with increased adoption of 5G devices and premium unlimited plans. In the enterprise and wholesale business, it is changing its revenue mix toward newer growth services like cloud, security and professional services.
The company has further expanded Fios Forward to support digital inclusion and provide opportunities for underserved households to thrive in the digital world. With no data caps, Fios customers can experience faster upload and download than comparable plans. Its focus on online content delivery, mobile video and online advertising should drive growth.
The company is actively investing in the installation of new cell sites to expand coverage and increase the capacity of its fiber optic cables. These enhancements are aimed at improving bandwidth and enabling faster data transmission across the state. As a result, communication service providers will be better equipped to enhance their wireless service offerings and empower local residents to unlock numerous opportunities that an advanced digital infrastructure can offer.
The stock has declined 12.5% in the past year compared with the industry’s fall of 4.6%.
Image Source: Zacks Investment Research
Verizon currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 5.62%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 5.58%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 9.79%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 29.19%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has delivered an earnings surprise of 12.8%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
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Verizon (VZ) to Showcase 5G Innovations at Los Angeles Event
Verizon Communications Inc. (VZ - Free Report) and Samsung have joined forces to demonstrate innovative 5G capabilities and advanced use cases at the state-of-the-art Sofi Stadium in Los Angeles. Scheduled for Oct 11, this event will bring prominent business leaders and experts from Verizon and Samsung together to showcase the impact and significance of 5G across various industries.
The event visitors will have the unique opportunity to witness some of the most advanced technologies, such as coach-to-coach communications, 5G Edge Accelerated Access, 5G Edge Aerial Inspections and Real Time communications and cashless checkout through 5G Edge technology, among others. Notably, the coach-to-coach communication technology is already adopted by the NFL for all its stadiums. The attendees at the 5G innovation session will also be able to experience various other innovations, including Network Slicing experience on the Samsung Galaxy S23, Samsung Galaxy Connected Ecosystem and the robust Samsung Knox Security solution.
In addition to highlighting its upcoming innovations, the event will likely offer a key insight into its holistic growth strategy with customer focus at its core. Verizon is building the entire network infrastructure and ecosystem to provide the most amazing 5G experience to customers. The company is likely to benefit from a disciplined network upgrade strategy backed by a customer-centric business model and diligent execution of operational plans. With the ramp-up of 5G service across the country, Verizon is expected to retain its lead in promulgating 5G mobile networks nationwide by using virtualized machines, advanced levels of operational automation and adaptability.
Moreover, the company is offering various mix-and-match pricing in wireless and home broadband plans, which has led to solid customer additions with increased adoption of 5G devices and premium unlimited plans. In the enterprise and wholesale business, it is changing its revenue mix toward newer growth services like cloud, security and professional services.
The company has further expanded Fios Forward to support digital inclusion and provide opportunities for underserved households to thrive in the digital world. With no data caps, Fios customers can experience faster upload and download than comparable plans. Its focus on online content delivery, mobile video and online advertising should drive growth.
The company is actively investing in the installation of new cell sites to expand coverage and increase the capacity of its fiber optic cables. These enhancements are aimed at improving bandwidth and enabling faster data transmission across the state. As a result, communication service providers will be better equipped to enhance their wireless service offerings and empower local residents to unlock numerous opportunities that an advanced digital infrastructure can offer.
The stock has declined 12.5% in the past year compared with the industry’s fall of 4.6%.
Image Source: Zacks Investment Research
Verizon currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 5.62%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 5.58%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 9.79%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 29.19%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has delivered an earnings surprise of 12.8%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.