BCE Inc. (BCE - Free Report) recently inked a deal with Superior Propane to offer a comprehensive fuel tank monitoring solution for its clients. The contract for an undisclosed amount is likely to strengthen BCE’s position as a prime provider of state-of-the-art products for the Internet of Things (IoT) market.
Superior Propane is a leading supplier of portable fuels, equipment, and services to residential, commercial and industrial customers to more than 10,000 communities in Canada. It is supposedly the largest provider of propane and related equipment and services in the country with more than 150 distribution points, delivering above 1.5 billion litres of propane annually. It is headquartered in Mississauga, Ontario and is part of the Energy Distribution division of Superior Plus LP.
The fuel tank monitoring solution will provide remote access to customers and enable them to secure reliable and accurate data on fuel levels at various locations across the country. The products will operate on BCE’s wholly-owned subsidiary Bell Canada’s national LTE mobile network and will leverage innumerable sensors to accumulate data.
These leading-edge tank sensors are provided by Bell's Montréal-based partner Otodata, which is reportedly the largest IoT network operator in Canada. The fuel tank monitoring solution delivers data to a centralized dashboard, which then ensures timely fuel replenishment for Superior customers while reducing operational costs.
By collaborating with a Superior Propane, BCE is likely to generate incremental revenues. The company continues to benefit from robust activities in the wireless business, strong subscriber addition, drop in churn rates and focus on technology upgrades. The company continues to focus on six strategic areas including investment in broadband network and services, accelerating wireless services, leveraging wireline momentum, expanding media coverage, improving customer service and achieving a competitive cost structure. These initiatives are expected to generate higher revenues per user and attract new customers.
Over the past three months, BCE has incurred a loss of 3.8% compared with the industry decline of 9.7%.
BCE currently carries a Zacks Rank #3 (Hold). Some top-ranked stocks in the broader industry are Comtech Telecommunications Corp. (CMTL - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and Motorola Solutions, Inc. (MSI - Free Report) and Ubiquiti Networks, Inc. , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech Telecommunications has a long-term earnings growth expectation of 5%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 123.7%.
Motorola has a long-term earnings growth expectation of 8%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 12.1%.
Ubiquiti Networks has a long-term earnings growth expectation of 18.6%. It topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 8.9%.
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