CenturyLink, Inc. (CTL - Free Report) recently announced that it has joined forces with Google Cloud Partner Interconnect, a suite of cloud computing services by Alphabet Inc. (GOOGL - Free Report) . Partner Interconnect provides connectivity between on-premises network and virtual private cloud network through a supported service provider, enabling customers to connect to Google Cloud Platform globally.
CenturyLink Cloud Connect Solutions and Google Cloud Interconnect offer organizations with enterprise-grade connectivity to move private and public workloads from offices and data centers on wide area network (WAN) to Google Cloud Platform.
Evolving Business Ecosystem
In today's business environment, changes are taking place rapidly, making it necessary for organizations to quickly respond to market demands. Companies are now connecting to cloud services to innovate faster. CenturyLink is focused on delivering a network experience that matches users' cloud experience.
It provides solutions to meet business needs with extensive layer 1, 2 and 3 connectivity options for most major cloud service providers (CSPs) on a global scale. CenturyLink Cloud Connect Solutions provide private connectivity to recognized CSPs.
With Partner Interconnect, users can now choose CenturyLink Cloud Connect Solutions to provide connectivity to Google edge point of presence. Partner Interconnect offers Google Cloud customers better connectivity choices for hybrid environments.
CenturyLink Cloud Connect Solutions provide businesses with a flexible and agile network, similar to the cloud, easily linking cloud environments over private and secure connections. Real-time enhanced visibility and dynamic network controls offer users an enhanced network experience.
CenturyLink's global reach and extensive, high-performing connectivity options are designed to meet today's hybrid cloud and multi-cloud business needs. Users can get a more reliable, secure cloud connection with the company’s global fiber network and security solutions. They can also change connections between WAN and public, private and hybrid cloud resources within the ecosystem of cloud services and data centers.
The platform provides users with access to a variety of connectivity types and speeds including wavelength, Ethernet and IP virtual private network. Also, it offers deep peering interconnects with CenturyLink Internet Services for better cloud application performance.
Share Price Performance
CenturyLink is focused on improving its operating efficiencies through a number of methods including network simplification and rationalization. The company sees its managed and cloud services as a key differentiator from other players in the industry.
The company’s strong network capabilities, integrated hosting and network solutions are likely to boost growth in the cloud business. Over the past three months, CenturyLink’s shares have outperformed the industry with an average return of 0.9% against a decline of 3.8% for the latter.
Zacks Rank and Stocks to Consider
CenturyLink currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader industry include Garmin Ltd. (GRMN - Free Report) and HOYA Corporation (HOCPY - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Garmin has a long-term earnings growth expectation of 8.4%. It beat earnings estimates in each of the trailing four quarters, the average being 12.3%.
HOYA has a long-term earnings growth expectation of 10%. It exceeded earnings estimates twice in the trailing four quarters with an average positive surprise of 2%.
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