In a concerted effort to augment public safety and better support law enforcement officials with cutting-edge technology, Verizon Communications Inc. (VZ - Free Report) will offer seamless connectivity to body-worn cameras. The company has inked an agreement to this effect with Axon Enterprise, Inc. (AAXN - Free Report) , a leading provider of techno-savvy products focused on law enforcement technologies, for an undisclosed amount.
Verizon will provide connectivity features to Axon’s first connected body-worn camera Axon Body 3. With attributes like live streaming, gunshot detection and the ability to preview and upload critical evidence in real time from the field, Axon Body 3 will offer an unmatched real-time situational awareness to security personnel. The product boasts a sleek yet rugged design and captures the best evidence with four built-in microphones, reduced motion blur and improved low-light performance. Axon Body 3 camera also possesses artificial intelligence capabilities for better crime solving and prevention.
Verizon will help these security features to come to life by offering its public safety private core — a software-defined network that diligently manages commercial and public safety traffic and serves as a platform for enhanced network access, secure applications and value-added services. The wireless connectivity will further enhance the safety of the officers and provide vital evidence in real time.
Leveraging the largest 4G LTE network across the country, covering more than 2.5 million square miles, Verizon will enable Axon to effectively reach to a wider population and better manage law enforcement activities. Verizon has been aggressively forging ahead to expand its fiber optics networks to support 4G LTE and upcoming 5G wireless standards as well as wireline connections.
Verizon has an attractive fundamental outlook based on increasingly favorable growth prospects for its Wireless business and the possibility of improved performance from its Wireline operations. Verizon will continue to achieve growth and profitability with a focus on gaining share in the retail post-paid market, increasing penetration of smartphones and selling more Internet devices such as tablets. Management is bullish on the industry's ability to grow revenues from smartphones, tablets and cloud computing.
Verizon has recorded an average return of 12.2% in the past year while the industry witnessed a decline of 0.3%.
Verizon currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are ATN International, Inc. (ATNI - Free Report) and Windstream Holdings, Inc. (WIN - 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.
ATN International has trumped earnings estimates thrice in the trailing four quarters with an average positive surprise of 146.1%.
Windstream surpassed earnings estimates twice in the trailing four quarters recording an average positive surprise of 23.5%.
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