Recently, Ericsson (ERIC - Free Report) , Verizon Communications Inc. (VZ - Free Report) , and Qualcomm Technologies, Inc., a business arm of Qualcomm Incorporated (QCOM - Free Report) , boosted their technology innovation expertise by jointly completing the Frequency Division Duplexing (FDD) Massive Multiple Input-Multiple Output (Massive MIMO) trial on Verizon’s wireless network in Irvine, CA.
Over the last month, Ericsson’s shares yielded a return of 4.6%, as against 1.5% growth registered by the industry.
This Zacks Rank #3 (Hold) company is poised to grow on the back of greater cost discipline, solid innovation and its partnership deal with Cisco Systems, Inc. (CSCO - Free Report) . However, unfavorable customer-project adjustments or headwinds such as stiff industry rivalry are some causes of concern.
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Inside the Headlines
In the aforementioned trial, the three companies have utilized the latest Massive MIMO hardware and software of Ericsson on Verizon’s wireless network. Notably, these were coupled with Qualcomm Technologies’ mobile test device. The device was powered by the Qualcomm Snapdragon 845 Mobile Platform (comprising X20 LTE consuming Transmission Mode 9).
The Massive MIMO is a crucial constituent of Verizon’s 4th Generation Long Term Evolution (4G LTE) technology and will also become the primal technology component in the development of 5G. It holds the potential to significantly enhance users’ experience by improving network capacity.
Hence, Verizon’s wireless network in Irvine will improve significantly with the deployment of the FDD Massive MIMO.
The Massive MIMO portfolio of Ericsson will likely be available from 2018. Notably, it will be compatible with the smartphones comprising Transmission Mode 9 compatible chipset. These phones will likely be launched in markets by the first half of 2018.
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