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Verizon (VZ) to Boost SD-WAN for National Labor Relations Board
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Verizon Communications Inc. (VZ - Free Report) recently announced that it had partnered with the National Labor Relations Board (“NLRB”) to modernize the latter’s network infrastructure with Enterprise Infrastructure Solutions. The deal marks a strategic win for the telecommunication giant as it aims to expand its footprint across the public sector.
Per the terms of the $4 million task-order agreement, Verizon will likely re-configure and upgrade NLRB’s existing Software-Defined Wide Area Network (SD-WAN) infrastructure across its 48 branch offices and headquarters. The latest upgrade includes an integrated network security solution, which is expected to offer cutting-edge security measures to safeguard sensitive NLRB data, thereby addressing the rising need for robust security measures in evolving digital landscape.
Additionally, the company will provide advanced cloud-based services to enhance NLRB's operational efficiency and agility. This comprehensive solution is designed to empower NLRB in fulfilling its mission of protecting the rights of private-sector employees.
Verizon's move to upgrade NLRB’s SD-WAN services reflects a broader trend in the telecommunications industry, where companies are continuously innovating to meet evolving customer needs. By integrating advanced security features and enhancing network management capabilities, the company aims to deliver a more reliable and secure network infrastructure. The latest improvements in its SD-WAN services are expected to strengthen Verizon’s position as a key player in the competitive enterprise network solutions market.
Shares of Verizon have gained 20.8% over the past year compared with the industry’s growth of 31.1%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Verizon currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank of 1 (Strong Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers. You can see the complete list of today’s Zacks #1 Rank stocks here.
It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.
CommScope Holding Company, Inc. (COMM - Free Report) , sporting a Zacks Rank of 1, is a premier provider of infrastructure solutions, including wireless and fiber optic solutions, for the core, access and edge layers of communication networks. It has a long-term growth expectation of 18.15%.
Harmonic Inc. (HLIT - Free Report) enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. It delivered a trailing four-quarter average earnings surprise of 32.5%. It currently sports a Zacks Rank of 1.
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Verizon (VZ) to Boost SD-WAN for National Labor Relations Board
Verizon Communications Inc. (VZ - Free Report) recently announced that it had partnered with the National Labor Relations Board (“NLRB”) to modernize the latter’s network infrastructure with Enterprise Infrastructure Solutions. The deal marks a strategic win for the telecommunication giant as it aims to expand its footprint across the public sector.
Per the terms of the $4 million task-order agreement, Verizon will likely re-configure and upgrade NLRB’s existing Software-Defined Wide Area Network (SD-WAN) infrastructure across its 48 branch offices and headquarters. The latest upgrade includes an integrated network security solution, which is expected to offer cutting-edge security measures to safeguard sensitive NLRB data, thereby addressing the rising need for robust security measures in evolving digital landscape.
Additionally, the company will provide advanced cloud-based services to enhance NLRB's operational efficiency and agility. This comprehensive solution is designed to empower NLRB in fulfilling its mission of protecting the rights of private-sector employees.
Verizon's move to upgrade NLRB’s SD-WAN services reflects a broader trend in the telecommunications industry, where companies are continuously innovating to meet evolving customer needs. By integrating advanced security features and enhancing network management capabilities, the company aims to deliver a more reliable and secure network infrastructure. The latest improvements in its SD-WAN services are expected to strengthen Verizon’s position as a key player in the competitive enterprise network solutions market.
Shares of Verizon have gained 20.8% over the past year compared with the industry’s growth of 31.1%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Verizon currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank of 1 (Strong Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers. You can see the complete list of today’s Zacks #1 Rank stocks here.
It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.
CommScope Holding Company, Inc. (COMM - Free Report) , sporting a Zacks Rank of 1, is a premier provider of infrastructure solutions, including wireless and fiber optic solutions, for the core, access and edge layers of communication networks. It has a long-term growth expectation of 18.15%.
Harmonic Inc. (HLIT - Free Report) enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. It delivered a trailing four-quarter average earnings surprise of 32.5%. It currently sports a Zacks Rank of 1.