CenturyLink, Inc. (CTL - Free Report) recently introduced a suite of fiber-based broadcast services that enables safe, secure and seamless connectivity to cloud-based media services and workflows. Dubbed the Vyvx Cloud Connect, the new network service facilitates broadcasters as well as studio and stadium venues across the country to easily upload live and linear video into and out of the cloud.
The Vyvx Cloud Connect service provides easy connectivity to Amazon Web Services, the on-demand cloud-computing platform of Amazon.com, Inc. (AMZN - Free Report) . This enables programmers to upload their video content directly to Amazon Web Services, thereby leveraging the benefits of cloud-based workflows to streamline, simplify and monetize their content.
In addition to protection and easy monitoring of the video content, the service ensures the accessibility of the full breadth of third-party media services available in the Amazon Web Services marketplace. Furthermore, it offers multi-region diverse connectivity paths into the cloud and could also be used for virtual private cloud environments.
CenturyLink is focused on bringing improved operational efficiencies through a number of methods including network simplification and rationalization. This should help the company improve its end to end provisioning time and drive standardization. CenturyLink has been trying to establish itself as a global leader in cloud infrastructure and has hosted IT solutions arena designed for enterprise customers. Further, its strong network capabilities, integrated hosting and network solutions are likely to promote growth in the cloud business. Notably, the company views its managed and cloud services as a key differentiator from other players in the market, which should boost top line.
The stock has recorded an average return of 20% in the past year while the industry has declined 1%.
CenturyLink currently has a Zacks Rank #3 (Hold). Some top-ranked stocks from the same space are United States Cellular Corporation (USM - Free Report) and Windstream Holdings, Inc. (WIN - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
United States Cellular Corporation has a long-term earnings growth expectation of 1%. It exceeded the Zacks Consensus Estimate thrice in the trailing four quarters with an average positive earnings surprise of 303.6%.
Windstream Holdings exceeded the Zacks Consensus Estimate twice in the trailing four quarters with an average positive earnings surprise of 23.5%.
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