Ericsson (Eric – Free report) We recently collaborated T-mobile (TMUS – Free Report) to strengthen the growing need for a remote work culture. Approximately 22% of the U.S. workforce, or 32.6 million employees, is expected to work remotely by 2025. Under the agreement, T-Mobile will deploy connectivity powered by Secure Access Service Edge (SASE) functionality for Ericsson employees. ‘5G laptop.
Headquartered in Bellevue, Washington, T-Mobile is a national wireless service provider offering mobile voice, messaging and data services in postpaid, prepaid and wholesale markets. The company has widely deployed 5G and 4G LTE (Long-Term Evolution) networks. T-Mobile’s business relies heavily on its “Uncarrier Value Proposition,” which aims to increase customer satisfaction by offering the latest products at lower rates and simpler terms.
Ericsson aims to address the security concerns of corporate IT teams and employees by deploying 5G laptops in its Enterprise Virtual Cellular Network (EVCN) pilot in the United States. This initiative is likely to reduce fraud and improve cybersecurity for corporate employees working remotely. T-Mobile’s best-in-class SASE solution and T-SIMsecure, delivered through T-Mobile’s Security Slice, could give an edge to Ericsson’s EVCN solution.
Consolidation by the tech giants could result in higher employee satisfaction and increased productivity while operating in a hybrid structure. Through eSIM profile activation, the 5G laptop can be automatically connected to his TMUS network, ensuring seamless work flow and safety against cyber threats. With this landmark agreement, Ericsson is expected to shape the evolution of digitalization and flexible working environments in the near future.
The multifaceted collaboration with America’s most award-winning 5G network provider is likely to put Ericsson at the forefront of the wireless equipment market. The company believes that 5G standardization will become the basis for the digitalization of industry and broadband. The company is likely to enter into similar agreements in the future as it strengthens its position in the business sector by increasing its technological capabilities and reliability. There are currently 158 live 5G networks across 67 countries around the world.
The stock has declined 1.5% over the past year compared to the industry’s growth of 11.5%.
Zacks Rank and Top Picks
Erickson is currently carrying 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 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 mobile phones, wireless 3G, 4G, and IEEE 802 related products and networks.
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