Verizon Communications Inc. VZ recently acquired Amazon Web Services, Inc. (“AWS”) to fully migrate its fleet management software platform – Verizon Connect Reveal – to a cloud services subsidiary. Amazon.com, Inc. AMZN. It is likely to provide better customer experience and help business enterprises use connected data for driver safety and stability.
Verizon Connect Reveal provides customizable GPS fleet management software to effectively track vehicle locations and driver behavior such as over speed, idling and harsh driving to improve fleet operations. This, in turn, helps reduce costs for vehicle maintenance and fuel consumption while improving dispatch, routing and visibility by proactively allocating resources for optimum utilization.
Fleet operators historically used 3G equipment to track vehicles that often failed to provide accurate data in remote locations that lacked widespread network coverage. By migrating to 4G and cloud networks, fleet operators will be able to identify accurate location data for faster routing facilities by deploying the vehicle closest to customers. With the Verizon Connect Reveal app, which is available exclusively on 4G networks, customers will benefit from a new high-fidelity tracking feature. This asset tracking software provides a three-fold jump in the frequency of real-time vehicle location updates on a live map, providing high visibility of project-critical equipment.
Amazon’s AWS Verizon Connect Reveal will help users enjoy extended wireless network coverage, higher bandwidth, and lower latency. AWS has carved out a niche market in the cloud computing domain with its mix of infrastructure-as-a-service and packaged software-as-a-service offerings. These companies will work in unison to fast-track the seamless transition to the cloud for customers. The strategic partnership is also expected to standardize and optimize applications within the AWS environment to help enterprises accelerate innovation, reduce risk and improve efficiency levels.
With one of the most efficient wireless networks in the United States, Verizon deploys the latest 4G LTE advanced technologies to deliver faster peak data speeds and capability for customers, thanks to customer-focused planning, disciplined engineering, and consistent be driven by strategic investments. The company is focused on meeting the heavy traffic demands across multiple verticals due to the expansion of 5G mmWave in new and existing markets, the condensation of 4G LTE wireless networks, and the capital expenditure required by the continued deployment of fiber infrastructure.
Verizon’s 5G mobility service provides a unique experience that impacts industries as diverse as public safety, healthcare, retail and sports. The company’s 5G network rests on three fundamental drivers to deliver the full potential of next-generation wireless technology. These are massive spectrum holdings, particularly in the millimeter-wave band for rapid data transfer, end-to-end deep fiber resources, and the ability to deploy large numbers of small cells. To expand coverage and improve connectivity, Verizon has secured 161MHz of mid-band spectrum in a C-band auction for a total consideration of $45.5 billion. These airwaves provide significant bandwidth with superior propagation characteristics for optimum coverage in both rural and urban areas.
The company continues with an aggressive rollout of 5G Ultra Wideband service to expand its coverage across the country. It is also offering the best of LTE and 5G ultrawideband features with the launch of On-Site 5G – a transformative on-premises, private 5G network – for business enterprises. This optimized solution enables firms crippled with hitherto coverage gaps, lost connectivity, fragmented security, data congestion and inconsistent service quality to have a dedicated capacity with enough bandwidth to reduce costly downtime and missed opportunities.
The stock has lost 10.6% over the past year, compared to the industry’s 11.5% decline. Still, we’re impressed with the underlying growth potential of this Jax Rank #3 (Hold) stock. you can see See the full list of today’s Jax #1 ranked (strong buy) stocks here,
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There are some better ranked firms within the broader industry. KVH Industries, Inc. KVHI and Tesco Technologies Incorporated Tess.
KVH Industries delivered an astonishing 20% on average in the last four quarters. Despite global supply chain disruptions, KVH Industries is driving growth and margin expansion through new product introductions and customer migration to high-throughput satellites.
This Jax Rank #2 (Buy) stock aims to make a decisive entry into the still-nascent autonomous transportation markets with a strong balance sheet position and zero debt. If KVH Industries is successful in mitigating supply chain problems effectively, there could be more room for expansion of cash flows.
Tesco delivered an average earnings surprise of 55.4% over the past four quarters. Jax ranks #2 in this. Tesco’s earnings estimate for the current year has increased by 28.8% since March 2021.
Tesco provides products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With over three decades of experience, it provides complete end-to-end solutions for the wireless industry.
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