The U.S. telecom giant, Verizon Communications Inc. (VZ - Free Report) has collaborated with leading players in the market to drive advancements across the Citizen Band Radio Spectrum (CBRS).
Having 150 MHz of 3.5 GHz shared spectrum, the CBRS band until now has been primarily used by the federal government for radar systems. The Federal Communications Commission had authorized shared use of the spectrum with wireless small cells in 2016.
With LTE Advanced technology and carrier aggregation, Verizon will be able to use this shared spectrum to add capacity to its network. Its customers will benefit from more capacity, higher peak speeds and faster throughput when accessing the network.
The end-to-end system testing began in February and is expected to continue over the next several weeks. This has provided actionable insights while significantly advancing CBRS spectrum deployment feasibility.
There are many players in the CBRS ecosystem and these successful trials ensure that all the various parts perform together as an end-to-end system for customers’ benefit. Both commercial deployment of LTE on CBRS spectrum and devices that can access the same are expected to begin in 2018.
The promise of the CBRS band and enabling the use of wider swaths of spectrum will likely make a big impact on carrying wireless data in the future.
At the same time, in a separate development, Verizon's Extended Reality organization, Envrmnt has created a simple-to-use, web-based tool, which will help creative and non-technical users build powerful augmented reality (AR) experiences. It has been built specifically for creating AR experiences for mobile devices in order to enhance the company’s revenues.
With the help of AR Designer, application publishers can quickly and easily deploy a diverse set of AR experiences, which can result in sales growth. Various firms, schools and government agencies make it easy for their customers to experience AR in a familiar environment, by integrating the Envrmnt software development kit into their own mobile application.
Over the last six months, Verizon’s shares have outperformed the industry with an average loss of 1.6% compared with a decline of 6.8% for the latter.
Verizon carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are United States Cellular Corporation (USM - Free Report) , Mellanox Technologies, Ltd. (MLNX - Free Report) and SITO Mobile, Ltd. (SITO - Free Report) . While United States Cellular and Mellanox Technologies sport a Zacks Rank #1 (Strong Buy), SITO Mobile carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
United States Cellular has an expected long-term earnings growth rate of 1%. It has exceeded earnings estimates thrice in the trailing four quarters, with an average of 306.5%.
Mellanox Technologies has an expected long-term earnings growth rate of 15%.
SITO Mobile has an expected long-term earnings growth rate of 25%.
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