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Arrow Electronics (ARW) Upgrades Its ArrowSphere Platform
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Arrow Electronics (ARW - Free Report) has upgraded its ArrowSphere platform into a comprehensive digital solution for its customers in North America. This upgraded platform, driven by customer feedback, gives channel partners and vendors easy access to ARW’s services through one interface.
The improved ArrowSphere platform introduces several new features. The ArrowSphere Marketplace is a digital hub where partners can quote, purchase and manage solutions from the company's entire lineup in North America, now with a faster "register a deal" function.
ArrowSphere Deploy is a set of advanced tools for assessing cloud environments and addressing issues related to cost, security and compliance. It also automates product deployment across major hyperscaler clouds.
ArrowSphere Cloud has been updated with new dashboards focusing on security, cost optimization and sustainability. This includes a unique sustainability dashboard, allowing partners to track their carbon footprint in the cloud and monitor progress toward environmental goals.
In the near future, additional features, such as a renewal management application for hardware maintenance and software support, will be added to enhance the platform's capabilities.
ArrowSphere’s Constant Innovation to Fend Off Competition
The company’s upgraded platform is very user-friendly and acts as a central dashboard, collecting data from different sources into one place for easy management.
ArrowSphere combines many powerful applications into a single platform. It helps businesses work more efficiently with fewer steps and offers personalized support tailored to each customer's needs and preferences. It recently added more supporting tools and multi-cloud monitoring to its platform.
Arrow Electronics has been constantly investing in Innovation, which helps it stay ahead of its competition. New features have always helped Arrowsphere stay relevant and appealing to customers.
This constant innovation is expected to aid the company’s top-line growth in the upcoming quarters.
The Zacks Consensus Estimate for ARW’s fiscal 2024 revenues is pegged at $29.46 billion, indicating a year-over-year decline of 11.01%. The Zacks Consensus Estimate for 2024 earnings is pegged at $11.53 per share, indicating a year-over-year decline of 32.65%.
Shares of this currently Zacks Rank #4 (Sell) company have lost 2.8% year to date against the Zacks Computer and Technology sector’s growth of 9.5% due to tough competition from giants like International Business Machines (IBM - Free Report) , Datadog (DDOG - Free Report) and HashiCorp (HCP - Free Report) .
IBM Cloud Orchestrator offers a unified, adaptable and automated approach to integrating cloud services with the organization's data center policies, procedures and infrastructure across different information technology (IT) areas. It provides a set of tools for creating and enforcing business rules and IT policies, enabling the automation of tasks across intricate cloud environments, both automatically and manually.
Datadog is recognized as a leading monitoring and observability tool, gathering metrics and events throughout the entire DevOps stack. Datadog Cloud Cost Management helps improve cloud spending by giving engineers important cost information and detailed data on resources like CPU, memory and requests.
Terraform, developed by HashiCorp, is a widely used open-source tool for managing infrastructure as code. It stands out as one of the top choices among cloud infrastructure and DevOps tools. With Terraform, users can safely and effectively construct, modify and track cloud infrastructure by automating provisioning and resource handling.
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Arrow Electronics (ARW) Upgrades Its ArrowSphere Platform
Arrow Electronics (ARW - Free Report) has upgraded its ArrowSphere platform into a comprehensive digital solution for its customers in North America. This upgraded platform, driven by customer feedback, gives channel partners and vendors easy access to ARW’s services through one interface.
The improved ArrowSphere platform introduces several new features. The ArrowSphere Marketplace is a digital hub where partners can quote, purchase and manage solutions from the company's entire lineup in North America, now with a faster "register a deal" function.
ArrowSphere Deploy is a set of advanced tools for assessing cloud environments and addressing issues related to cost, security and compliance. It also automates product deployment across major hyperscaler clouds.
ArrowSphere Cloud has been updated with new dashboards focusing on security, cost optimization and sustainability. This includes a unique sustainability dashboard, allowing partners to track their carbon footprint in the cloud and monitor progress toward environmental goals.
In the near future, additional features, such as a renewal management application for hardware maintenance and software support, will be added to enhance the platform's capabilities.
Arrow Electronics, Inc. Price and Consensus
Arrow Electronics, Inc. price-consensus-chart | Arrow Electronics, Inc. Quote
ArrowSphere’s Constant Innovation to Fend Off Competition
The company’s upgraded platform is very user-friendly and acts as a central dashboard, collecting data from different sources into one place for easy management.
ArrowSphere combines many powerful applications into a single platform. It helps businesses work more efficiently with fewer steps and offers personalized support tailored to each customer's needs and preferences. It recently added more supporting tools and multi-cloud monitoring to its platform.
Arrow Electronics has been constantly investing in Innovation, which helps it stay ahead of its competition. New features have always helped Arrowsphere stay relevant and appealing to customers.
This constant innovation is expected to aid the company’s top-line growth in the upcoming quarters.
The Zacks Consensus Estimate for ARW’s fiscal 2024 revenues is pegged at $29.46 billion, indicating a year-over-year decline of 11.01%. The Zacks Consensus Estimate for 2024 earnings is pegged at $11.53 per share, indicating a year-over-year decline of 32.65%.
Shares of this currently Zacks Rank #4 (Sell) company have lost 2.8% year to date against the Zacks Computer and Technology sector’s growth of 9.5% due to tough competition from giants like International Business Machines (IBM - Free Report) , Datadog (DDOG - Free Report) and HashiCorp (HCP - Free Report) .
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
IBM Cloud Orchestrator offers a unified, adaptable and automated approach to integrating cloud services with the organization's data center policies, procedures and infrastructure across different information technology (IT) areas. It provides a set of tools for creating and enforcing business rules and IT policies, enabling the automation of tasks across intricate cloud environments, both automatically and manually.
Datadog is recognized as a leading monitoring and observability tool, gathering metrics and events throughout the entire DevOps stack. Datadog Cloud Cost Management helps improve cloud spending by giving engineers important cost information and detailed data on resources like CPU, memory and requests.
Terraform, developed by HashiCorp, is a widely used open-source tool for managing infrastructure as code. It stands out as one of the top choices among cloud infrastructure and DevOps tools. With Terraform, users can safely and effectively construct, modify and track cloud infrastructure by automating provisioning and resource handling.