U.S. telecom behemoth, AT&T Inc. (T - Free Report) is undertaking initiatives to smoothen connections between multiple cloud platforms and offer improved cloud services, by leveraging its cloud networking product, AT&T NetBond.
The new cloud-to-cloud feature efficiently allows business customers to share their work between any of their public, private or hybrid cloud platforms,across a highly secured private AT&T network connection.
Connecting multiple cloud platforms has become important in recent years because businesses have started moving more data, systems and applications to the cloud. Moreover, businesses use three or more clouds, all of which are either a combination of public, private or hybrid clouds. Their applications are required to interact across different clouds. AT&T NetBond for Cloud helps businesses by providing scalable network connectivity enabling efficient traffic flow between clouds in the ecosystem.
Further, using the digital AT&T cloud portal, customers can manage connections between clouds. Instead of wasting time with multiple cloud providers to build connection points individually, businesses can now create or change connectivity configurations within minutes.
Additionally, being a pay-as-you-go model, AT&T NetBond also allows customers to raise bandwidth as per requirements in various time increments.
The AT&T NetBond for Cloud ecosystem is made up of more than 20 members delivering highly-secure access to more than 130 major cloud services. AT&T NetBond has a growing base of cloud platform partners. Amazon.com Inc.’s (AMZN - Free Report) Amazon Web Services (AWS), International Business Machines Corporation (IBM - Free Report) , Equinix, Inc. (EQIX - Free Report) , Microsoft Corporation’s (MSFT - Free Report) Microsoft Azure and Oracle Network Cloud Service’s FastConnect are some of the cloud platform partners.
AT&T currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AT&T has not been performing well of late. Over the past month, shares of AT&T have declined 4.2% compared with the industry’s fall of 4.0%.
Moreover, when compared with the market at large, the stock’s performance is pretty dreary, as the S&P 500 Index has rallied 1.2% over the same time span.
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