In a concerted effort to boost computing solutions, CenturyLink, Inc. (CTL - Free Report) and Infinera Corporation (INFN - Free Report) have deployed innovative technology to support SCinet’s high-performance network with adequate speed and agility. The tech companies will be providing top-notch equipment and services to meet the supercomputing requirements in the conference for networking, storage and analysis — SC19.
SCiNet, the largest supercomputer center in Canada, plays a pivotal role in the establishment of an agile digital infrastructure, thereby catering to the burgeoning connectivity requirements of the supercomputing community. SCinet will leverage Century Link’s multi-terabit capacity to transmit large volume of data for the betterment of global research and education communities.
The deployment of the trailblazing technology, supported by a strong 450,000-route-mile fiber network and Infinera’s automated transport solutions, will connect the Colorado Convention Center. This will provide CenturyLink’s 100-gigabit services for long-haul connectivity applications.
In order to strengthen its position in the market, CenturyLink is gradually shifting focus from integration to transformation efforts. The communications company intends to transform its business operations through product evolution and digitizing of customer interactions, which augurs well for its top-line growth.
The company is currently focused on bringing improved operational efficiencies through various methods, including network simplification and rationalization, which would aid in improving its end-to-end provisioning time and drive standardization. Moreover, 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 its top line.
In addition, CenturyLink has enhanced broadband speed and invests continuously in network development. The company is also investing in fiber-to-the-tower expansion and has expanded its fiber-based backhaul services. It expects its Managed Office and Managed Enterprise solutions to continue to gain traction and drive revenue growth on the back of increasing demands from small and large business customers.
CenturyLink has long-term earnings growth expectation of 7.4%. The stock has rallied 35.2% compared with the industry’s growth of 8.1% in the past three months.
CenturyLink currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry are Gogo Inc. (GOGO - Free Report) and Verizon Communications Inc. (VZ - 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.
Gogo surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 39.1%.
Verizon surpassed estimates in each of the preceding four quarters, the average positive earnings surprise being 2.2%.
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