Verizon Communications Inc. (VZ – Free Report) recently partnered with Vonage to launch the Verizon Network Application Programming Interface (API) on the Vonage platform, enabling seamless integration of various software systems. The partnership is expected to foster brand loyalty and deeper engagement among core customers, enhancing the overall experience and trust.
Headquartered in New Jersey, Vonage became a wholly owned subsidiary of Ericsson in 2022. The global leader in cloud communications services offers a comprehensive suite of communications APIs, including voice, video, messaging, and verification, as well as an AI-enabled portfolio. , low-code/no-code programmable components that leverage and simplify application development.
The partnership will focus on creating new APIs that will improve the new customer experience as well as upgrade security and services for customers. This partnership is essential to unlocking the full potential of 5G networks to accelerate digital transformation within enterprises, thereby enabling the gradual monetization of network assets.
Verizon operates the most reliable 5G network with advanced features deployed from core to edge. Businesses around the world dramatically increase value and productivity with access to Verizon’s strategic advanced network services and customer touch points. The APIs built by Verizon are expected to link developers, enterprises, applications, and rich network services and data to drive application functionality and customer experience, driving innovation, growth, and profitability. .
The integration of Verizon’s advanced network services with Vonage’s platform can accelerate enterprises’ digital transformation efforts by providing developers with access to an advanced suite of APIs. Additionally, businesses can create their own customer-centric solutions.
As developers design more sophisticated applications and services, the demand for advanced networking features will skyrocket, driving the growth of the network API market. This opens up various avenues for monetization and revenue generation.
The Verizon and Vonage partnership is set to transform the technology space by providing developers with access to advanced network services and features. As demand for enhanced connectivity grows, network APIs become more important, and this strategic alliance is poised to take the lead in shaping the future of network communications.
The company’s stock has declined 0.2% over the past year, compared to the industry’s decline of 0.9%.
Verizon carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
key pick
Interdigital Co., Ltd. (IDCC – Free Report) is a pioneer in advanced mobile technology that enables 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.
This Zacks Rank #2 (Buy) stock has an expected long-term earnings growth rate of 17.4% and has surged 75.3% over the past year. An established global footprint, a diverse product portfolio and the ability to reach different markets are InterDigital’s key growth drivers. Adding sensor, user interface, and video-related technologies to its already strong portfolio of wireless technology solutions is likely to create significant value given the size of the markets in which the company serves licensed technology. .
Arista Networks Co., Ltd. (ANET – Free Report ) is currently sporting a #1 Zacks Rank 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 averaged an impressive 12% return in his subsequent four quarters.
The company holds a leadership position in the 100 Gigabit Ethernet switching share of ports in the high-speed data center segment. 200 Gig and 400 Gig high performance switching products are gaining increasing attention in the market. The company remains well-positioned for healthy growth in its data-driven cloud networking business with its proactive platform and predictive operations.
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.
5 stocks set to double
Each has been hand-picked by Zacks experts as the top stocks most likely to rise +100% or more in 2023. Previously recommended stocks jumped +143.0%, +175.9%, +498.3%, and +673.0%.
Most of the stocks featured in this report have attracted the attention of Wall Street, making it a great opportunity to get in on the ground floor.
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