Unisys Corporation (UIS - Free Report) recently took a few back-to-back steps in the network security and enterprise security spaces.
It announced the general availability of the Unisys Stealth (identity) biometric identity management software along with the launch of Unisys Stealth 4.0, which will be available from Apr 15. Also, it introduced Unisys Managed Public Key Infrastructure (PKI), a platform to manage the authentication process undertaken by organizations on users and devices on their networks.
The announcements did not come as a surprise, as in its last earnings call, Unisys had hinted that it intends to release two new Stealth products this year, which will leverage artificial intelligence and biometrics.
Unisys Stealth 4.0
Unisys Stealth 4.0 is designed to identify potentially risky users and devices on a client organization’s network and swiftly isolate them. With the rising adoption of cloud, mobile and the Internet of Things, various threats are constantly cropping up in the digital landscape, making it difficult for organizations to keep a track of the vulnerabilities.
The Stealth 4.0 has been integrated with LogRhythm security incident and event management system as well as with Palo Alto Networks' (PANW - Free Report) Panorama network security management console to help clients respond quickly to the threats and enable strong network visibility and visualization.
Unisys Stealth (identity)
This new software, part of the Stealth suit of products, has been devised to strengthen security in enterprises by leveraging its fingerprint, face, voice and iris recognition and behavioral biometrics capabilities.
Identity fraud, if not kept in check, can compromise national security. Moreover, per a study by Javelin Strategy & Research, identity fraud impacted 16.7 million individuals in the United States in 2018, leading to a total loss of $16.8 billion. This makes it very important to take stringent measures against identity and access management risks.
Unisys Managed PKI
In further efforts in identity management, Unisys launched this new platform to create and manage digital certificates that authenticate the identities of users and devices, which is necessary for organizations to secure financial transactions, e-commerce, internet banking and email.
Unisys Managed PKI is powered by HydrantID, and is designed to suit the Zero Trust security model, which is being increasingly adopted by organizations that are realizing the need to shift from traditional security controls to combat new-generation cyber-attacks.
Growing Efforts in Security Technology
Unisys has a strong product line in its Technology segment, and is expanding its distribution capabilities by building new reseller channels.
In the last reported quarter, the company benefited from the expanding Stealth portfolio. Revenues from the segment witnessed strong growth of 94% year over year. During the quarter, a large U.S. Department of Defense agency rented Stealth product authorization to provide secure zones to process and store sensitive government information in the agency’s production environment.
Notably, in December last year, Unisys was awarded the 2018 Tekne Cybersecurity Award for its Stealth family of software.
The company’s sustained investments in strategic high-potential products are expected to drive growth and boost results, going forward.
Zacks Rank & Other Key Picks
Unisys currently has a Zacks Rank #1 (Strong Buy).
A couple of other top-ranked stock in the broader Computer and Technology sector are Xilinx, Inc. (XLNX - Free Report) and Fortinet, Inc. (FTNT - Free Report) , each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Xilinx and Fortinet is projected to be 12% and 16.75%, respectively.
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