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ERIC Elevates Digital Experience in Jordan: Will it Benefit the Stock?
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Ericsson (ERIC - Free Report) recently announced that it has collaborated with Zain Jordan to launch a comprehensive Business Support Systems (BSS) transformation initiative aimed at enhancing digital services, improving customer experiences and increasing operational agility. This strategic initiative is set to transition Zain Jordan’s existing BSS framework to a cloud-native architecture, aligning with the growing demands of the company’s dynamic telecom and information technology landscape.
Building on a longstanding relationship spanning more than a decade, Ericsson will upgrade and expand Zain Jordan’s current Ericsson Charging System, a modular, scalable and standards-based Online Charging System. The latest version of the system will introduce new features and capabilities hosted on Ericsson’s state-of-the-art Cloud Native Infrastructure Solution. This upgrade is expected to enable Zain Jordan to adopt a catalog-based business model, delivering a seamless and more personalized customer service experience for its prepaid customers.
The transformation will also accelerate service delivery, reduce operational costs and improve time to market. By introducing greater operational flexibility and paving the way for 5G monetization, Ericsson is helping Zain Jordan strengthen its leadership in the kingdom’s telecommunications sector. The move also supports Zain Jordan’s broader digital transformation ambitions, contributing to national efforts to advance the country’s digital economy.
ERIC Stock to Benefit?
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased in recent times. Ericsson is focusing on 5G system development and has undertaken many notable endeavors to position itself for market leadership on 5G. The company’s innovative solutions are reshaping connectivity across sectors, from enhancing network visibility through advanced 5G deployments to revolutionizing industries with robust IoT innovations.
Commanding a strong presence in more than 180 countries, Ericsson is expected to benefit from the increasing customer base. This will likely enable the company to generate higher revenues in the upcoming quarters. An improved financial performance is likely to propel the stock upward.
ERIC Stock Price Performance
Shares of Ericsson have gained 48.2% over the past year compared with the industry’s growth of 40.1%.
Image Source: Zacks Investment Research
ERIC’s Zacks Rank and Other Key Picks
Ericsson currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader industry have been discussed below:
In the last reported quarter, it delivered an earnings surprise of 4.88%. Juniper is leveraging the 400-gig cycle to capture hyperscale switching opportunities within the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within its AI-driven enterprise portfolio, enabling customers to simplify the rollout of their campus wired and wireless networks while providing greater insight to network operators.
InterDigital (IDCC - Free Report) carries a Zacks Rank #2 at present. In the trailing four quarters, InterDigital delivered an earnings surprise of 160.15%. The company is a pioneer in advanced mobile technologies that enable wireless communications and capabilities.
InterDigital designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank of 2 at present, supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.
Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than one million servers), cloud specialty providers, service providers, financial services and the rest of the enterprise.
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ERIC Elevates Digital Experience in Jordan: Will it Benefit the Stock?
Ericsson (ERIC - Free Report) recently announced that it has collaborated with Zain Jordan to launch a comprehensive Business Support Systems (BSS) transformation initiative aimed at enhancing digital services, improving customer experiences and increasing operational agility. This strategic initiative is set to transition Zain Jordan’s existing BSS framework to a cloud-native architecture, aligning with the growing demands of the company’s dynamic telecom and information technology landscape.
Building on a longstanding relationship spanning more than a decade, Ericsson will upgrade and expand Zain Jordan’s current Ericsson Charging System, a modular, scalable and standards-based Online Charging System. The latest version of the system will introduce new features and capabilities hosted on Ericsson’s state-of-the-art Cloud Native Infrastructure Solution. This upgrade is expected to enable Zain Jordan to adopt a catalog-based business model, delivering a seamless and more personalized customer service experience for its prepaid customers.
The transformation will also accelerate service delivery, reduce operational costs and improve time to market. By introducing greater operational flexibility and paving the way for 5G monetization, Ericsson is helping Zain Jordan strengthen its leadership in the kingdom’s telecommunications sector. The move also supports Zain Jordan’s broader digital transformation ambitions, contributing to national efforts to advance the country’s digital economy.
ERIC Stock to Benefit?
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased in recent times. Ericsson is focusing on 5G system development and has undertaken many notable endeavors to position itself for market leadership on 5G. The company’s innovative solutions are reshaping connectivity across sectors, from enhancing network visibility through advanced 5G deployments to revolutionizing industries with robust IoT innovations.
Commanding a strong presence in more than 180 countries, Ericsson is expected to benefit from the increasing customer base. This will likely enable the company to generate higher revenues in the upcoming quarters. An improved financial performance is likely to propel the stock upward.
ERIC Stock Price Performance
Shares of Ericsson have gained 48.2% over the past year compared with the industry’s growth of 40.1%.
Image Source: Zacks Investment Research
ERIC’s Zacks Rank and Other Key Picks
Ericsson currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader industry have been discussed below:
Juniper Networks, Inc. (JNPR - Free Report) sports a Zacks Rank of 1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the last reported quarter, it delivered an earnings surprise of 4.88%. Juniper is leveraging the 400-gig cycle to capture hyperscale switching opportunities within the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within its AI-driven enterprise portfolio, enabling customers to simplify the rollout of their campus wired and wireless networks while providing greater insight to network operators.
InterDigital (IDCC - Free Report) carries a Zacks Rank #2 at present. In the trailing four quarters, InterDigital delivered an earnings surprise of 160.15%. The company is a pioneer in advanced mobile technologies that enable wireless communications and capabilities.
InterDigital designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank of 2 at present, supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.
Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than one million servers), cloud specialty providers, service providers, financial services and the rest of the enterprise.