Ericsson (Eric – Free Report) recently collaborated with Turkcell, a prominent communication service provider (CSP) in Turkey, to develop a cutting-edge 5G network slicing solution. Through a successful 5G standalone proof of concept (POC), this partnership demonstrated the ability to support multiple network slices on commercially available 5G devices to accommodate different customer user profiles and applications.
Network slicing allows you to develop multiple virtual networks within a shared physical network infrastructure. This technology allows different applications with diverse network requirements to function efficiently on the same network platform. This technology presents a huge business opportunity for his CSP and offers a wide range of market strategies, especially in the enterprise sector.
By implementing network slicing, service providers can increase the utilization of network resources, expand revenue streams, and explore new avenues to generate revenue. Ericsson forecasts that the revenue potential from slicing-enabled services for CSPs will reach $45 billion by 2025.
Ericsson and Turkcell have been actively exploring a wide range of 5G use cases targeting both consumer and enterprise segments. These include applications such as 5G-connected autonomous mobile robots, sensor networks, and network slicing to power mobile broadband. In recent operations, Ericsson has demonstrated that incorporating 5G network slicing can provide app developers, enterprises, and even individual subscribers with enhanced flexibility and performance across a variety of applications.
This procedure utilized Ericsson’s dual-mode 5G core, 5G RAN slicing, and Ericsson radio system. Ericsson Orchestrator provided automation. The PoC was implemented on a 5G core testbed running on TurkCell’s communications cloud infrastructure. User equipment route selection policy functionality was introduced by Ericsson Dynamic Network Slice Selection. This feature allows devices to connect to multiple network slices simultaneously, providing flexible service separation.
It also ensures better traffic steering, allowing carriers to optimize resource utilization and deliver a premium experience to end users. 5G network slicing is poised to not only meet different connectivity requirements, but also drive innovation across industries and facilitate the development of new business models that provide advanced services.
The partnership highlights the growing demand for Ericsson’s 5G product suite. The company’s focus on innovation and developing advanced 5G use cases is likely to strengthen its portfolio and drive commercial expansion.
The emergence of the smartphone market and subsequent use of mobile broadband has dramatically increased user demands for coverage speed and quality. In addition, network tuning and optimization is required on an ongoing basis to maintain performance as traffic increases.
Ericsson is pushing hard among carriers to expand network coverage and upgrade networks with faster speeds and higher capacity. The company is reportedly the world’s largest supplier of LTE technology with a significant market share and has established numerous LTE networks around the world.
The company has focused on 5G system development and has undertaken many notable initiatives to establish itself as a market leader. The company believes that 5G standardization will become the basis for the digitalization of industry and broadband. Ericsson expects his mainstream 4G products to be replaced by 5G technology in the future. Currently, there are 158 live 5G networks across 67 countries around the world.
The stock has declined 2.5% over the past year compared to the industry’s growth of 14.1%.
Zacks Rank and Stocks to Consider
Ericsson currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation (NVDA – Free Report) is currently sporting a Zacks Rank #1 (Strong Buy) and posted an impressive 20.18% return on average for the fourth quarter. In the last reported quarter, the company delivered an earnings surprise of 13.41%.You can see See the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the world leader in visual computing technology and the inventor of the graphics processing unit. Over the years, the company’s focus has evolved from his PC graphics to AI-based solutions that support high-performance computing, gaming, and virtual reality platforms.
Interdigital Co., Ltd. (IDCC – Free Report), and currently has a Zacks Rank #2 (Buy), the company achieved an impressive 4-quarter average performance of 170.50%. In the last reported quarter, the company delivered an earnings surprise of 16.53%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and functionality. The company designs and develops a wide range of advanced technology solutions for use in digital cellular, wireless 3G, 4G, and IEEE 802 products and networks.
Ubiquiti Co., Ltd. (UI – Free Report) currently has a Zacks Rank #2 and is an important pick across a wide range of industries. Headquartered in New York, we offer service providers and enterprises a comprehensive portfolio of networking products and solutions at disruptive prices.
We boast a unique network communications platform that is fully equipped to meet end-market customer needs. Additionally, we are working to reduce operational costs by leveraging the strengths of the Ubiquiti community and using self-sustaining mechanisms for rapid product support and information dissemination.
Zacks named it a “Double Best Single Pick”
From thousands of stocks, 5 Zacks experts have each selected their favorite stocks to soar +100% or more in the coming months. From these five, Research Director Sheraz Her Mian will handpick the one that will bring you the most explosive returns.
The company is a little-known chemical company, and despite a 65% increase over last year, it’s still very cheap. With continued demand, soaring 2022 profit estimates and $1.5 billion in stock buybacks, retail investors could jump in at any time.
Does this company stack up against other stocks that have recently seen their Zacks stock double, like Boston Beer Company, which has soared +143.0% in less than 9 months, and NVIDIA, which has soared +175.9% in one year? , or may exceed.
Free: See the top stocks and 4 runners-up >>
