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Ericsson (ERIC) Subsidiary Cradlepoint Launches X10 5G Router
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Cradlepoint, a wholly owned subsidiary of Ericsson (ERIC - Free Report) , introduced the X10 5G router, a comprehensive fixed wireless access (FWA) service solution designed for remote workers, small and medium-sized businesses and temporary sites. Its NetCloud Exchange advanced service architecture enables service providers to differentiate their FWA Internet offerings by developing tiered plans based on security levels and Quality of Service.
Streamlined cloud management through NetCloud empowers service providers to efficiently support managed services with enhanced scalability. Moreover, the robust APIs give flexibility, enabling smooth incorporation of X10 management within the existing management systems.
According to an Ericsson study, 5G will take up almost 80 percent of total FWA connections by 2028. Service providers are witnessing rising demand for a wide range of tailored solutions. Ericsson aims to capitalize on this expanding market for FWA services. Cradlepoint’s X10 5G router can be deployed swiftly and offers fast and reliable 5G connectivity with improved security compared to other solutions available in the market.
Along with enterprise-grade connectivity and streamlined management, the solution boasts cost efficiency, which makes it a lucrative choice for small and medium-sized organizations across diverse industries and applications. This strategic approach of adapting and innovating per the evolving market conditions will significantly boost Ericsson's portfolio and bolster commercial prospects.
With the emergence of the smartphone market and the subsequent usage of mobile broadband, user demand for coverage speed and quality has increased exponentially. Further, to maintain performance with increased traffic, there is a continuous need for network tuning and optimization. Ericsson is much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity. The company is reportedly the world’s largest supplier of LTE technology with a significant market share and has established a large number of LTE networks worldwide.
The company focuses on 5G system development and has undertaken many notable endeavors to position itself as a market leader. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. Ericsson expects mainstream 4G offerings to give way to 5G technology in the future. It currently has 158 live 5G networks across the globe, spanning 67 countries.
The stock has lost 5.2% over the past year against the industry’s growth of 8.8%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Ericsson currently carries a Zacks Rank #3 (Hold).
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC 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 as well as wireless 3G, 4G and IEEE 802-related products and networks.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2 at present, 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 13.28%, on average, in the trailing four quarters.
The company holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
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Ericsson (ERIC) Subsidiary Cradlepoint Launches X10 5G Router
Cradlepoint, a wholly owned subsidiary of Ericsson (ERIC - Free Report) , introduced the X10 5G router, a comprehensive fixed wireless access (FWA) service solution designed for remote workers, small and medium-sized businesses and temporary sites. Its NetCloud Exchange advanced service architecture enables service providers to differentiate their FWA Internet offerings by developing tiered plans based on security levels and Quality of Service.
Streamlined cloud management through NetCloud empowers service providers to efficiently support managed services with enhanced scalability. Moreover, the robust APIs give flexibility, enabling smooth incorporation of X10 management within the existing management systems.
According to an Ericsson study, 5G will take up almost 80 percent of total FWA connections by 2028. Service providers are witnessing rising demand for a wide range of tailored solutions. Ericsson aims to capitalize on this expanding market for FWA services. Cradlepoint’s X10 5G router can be deployed swiftly and offers fast and reliable 5G connectivity with improved security compared to other solutions available in the market.
Along with enterprise-grade connectivity and streamlined management, the solution boasts cost efficiency, which makes it a lucrative choice for small and medium-sized organizations across diverse industries and applications. This strategic approach of adapting and innovating per the evolving market conditions will significantly boost Ericsson's portfolio and bolster commercial prospects.
With the emergence of the smartphone market and the subsequent usage of mobile broadband, user demand for coverage speed and quality has increased exponentially. Further, to maintain performance with increased traffic, there is a continuous need for network tuning and optimization. Ericsson is much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity. The company is reportedly the world’s largest supplier of LTE technology with a significant market share and has established a large number of LTE networks worldwide.
The company focuses on 5G system development and has undertaken many notable endeavors to position itself as a market leader. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. Ericsson expects mainstream 4G offerings to give way to 5G technology in the future. It currently has 158 live 5G networks across the globe, spanning 67 countries.
The stock has lost 5.2% over the past year against the industry’s growth of 8.8%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Ericsson currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation (NVDA - Free Report) , currently carrying a Zacks Rank #2 (Buy), delivered a trailing four-quarter average earnings surprise of 18.99%. In the last reported quarter, it delivered an earnings surprise of 19.64%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC 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 as well as wireless 3G, 4G and IEEE 802-related products and networks.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2 at present, 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 13.28%, on average, in the trailing four quarters.
The company holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.