Ericsson (Eric – Free Report) announced that it has signed a six-year contract with Vodafone Romania. According to the agreement, Ericsson will facilitate the upgrade of Vodafone’s existing infrastructure and accelerate the rollout of high-performance 5G networks in the country.
By leveraging Ericsson 5G RAN (Radio Access Network) technology, Vodafone aims to offer its customers faster connectivity, lower latency and secure network performance. The Ericsson Radio Systems portfolio boasts a comprehensive suite of 5G RAN products, including Ericsson antenna systems, which are an essential component of the RAN infrastructure. The system ensures higher throughput with significantly lower power consumption and reduces operating costs due to enhanced wind loads and reduced weight.
The solution’s offerings also include massive MIMO (multiple-input multiple-output) technology that enables communications service providers to seamlessly utilize the mid-band 5G spectrum. The implementation of these cutting-edge technologies will ensure a fast and smooth transition to 5G and accelerate the digital transformation across Romania.
The collaboration with Ericsson is an important part of Vodafone’s multi-year investment plan to develop a strong technology foundation to build a reliable and energy-efficient network infrastructure for the future. This initiative goes beyond robust connectivity to provide an innovative platform for residential users and enterprises to explore advanced use cases, drive industry transformation, and foster a more interconnected digital society. .
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 company’s stock has declined 5.7% over the past year, compared to the industry’s growth of 4.6%.
Zacks Rank and Stocks to Consider
Ericsson currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation (NVDA – Free Report), currently carrying a Zacks Rank #2 (Buy), the company delivered an average of 4-quarter earnings surprise of 18.99%. In the last reported quarter, the stock delivered an impressive return of 19.64%.You can view See the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NVIDIA is a 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 the company currently has a Zacks Rank #2, delivered an impressive 4-quarter performance of 170.71%. In the last reported quarter, the stock delivered an impressive return of 78.99%.
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 mobile phones, wireless 3G, 4G, and IEEE 802 products and networks.
Arista Networks Co., Ltd. (ANET – Free Report) currently carries a Zacks Rank #2 and could benefit from strong momentum and diversification across its top industries and product lines. The company takes a software-driven, data-centric approach to help customers build cloud architectures and improve cloud experiences. Arista has averaged an impressive return of 13.28% over his trailing four quarters.
The company holds a leadership position in the 100 Gigabit Ethernet switching share of ports in the high-speed data center segment. The company is gaining increasing market traction with its 200G and 400G high-performance switching products, and its proactive platform and predictive operations position it well-positioned for healthy growth in the data-driven cloud networking business. is maintained.
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