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Verizon (VZ) Expands Handset Portfolio With Siyata SD7

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Verizon Communications Inc. (VZ - Free Report) , in association with Siyata Mobile Inc. , recently launched Siyata SD7 as part of the former’s stocked handset portfolio. This state-of-the-art mission-critical push-to-talk device aims to elevate communication for first responders and enterprise clients across the United States by offering a robust, high-performance 'cellular radio’ solution tailored to their needs.

The SD7 is equipped to integrate seamlessly with Verizon's network, delivering a reliable communication solution for high-pressure situations. Its rugged build is optimized to endure the harsh conditions encountered by first responders and incorporates key safety features such as an emergency button and GPS tracking for added security. 

The launch of this device is expected to be a game-changer for both first responders and enterprise clients. By integrating the SD7 into its portfolio, Verizon aims to provide its users with a tool that excels in extreme environments while delivering superior communication capabilities. Additionally, with its low start-up and operating costs, combined with exceptional coverage and functionality, the SD7 is poised to be an economical choice for users.

In today’s critical environment, where rapid decision-making and coordination are paramount, reliable communication tools are essential. Verizon’s commitment to providing high-quality, durable devices like the SD7 underscores its dedication to supporting businesses with advanced communication solutions that ensure connectivity and operational efficiency even in the most challenging conditions. Such innovative portfolio additions are likely to strengthen its position in the mission-critical communication space while generating incremental revenues in the future.

Shares of Verizon have gained 26.2% over the past year compared with the industry’s growth of 30.6%.

Zacks Investment Research
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Zacks Rank and Key Picks

Verizon currently carries a Zacks Rank #3 (Hold).

A couple of better-ranked stocks in the broader industry have been discussed below.

Ooma, Inc. (OOMA - Free Report) offers cloud-based communications solutions, smart security and other connected services. The company’s smart software-as-a-service and unified-communications-as-a-service platforms serve as a hub for seamless communications and networking infrastructure applications. It currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

It delivered a trailing four-quarter average earnings surprise of 8.90%. In the last reported quarter, Ooma delivered an earnings surprise of 27.27%.

Telephone and Data Systems, Inc. (TDS - Free Report) , sporting a Zacks Rank of 1 at present, provides wireless products and services, cable and wireline broadband, TV and voice services to approximately 6 million customers in Chicago. 

In the last reported quarter, TDS delivered an earnings surprise of 145.45%.


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