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Ericsson (ERIC) to Boost US-Sweden Connectivity With 6G Technology
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Ericsson (ERIC - Free Report) recently welcomed a joint statement as part of the latest bilateral agreement between the U.S. and Swedish governments aimed at advancing the next generation of connectivity technologies. This collaborative effort signifies a significant step forward in the telecommunication sector, showcasing the company’s commitment to technological advancement.
By leveraging Ericsson’s deep industry expertise and resources of both countries, the collaboration aims to develop 6G technologies to help bridge digital divide globally. It is expected to encompass a wide range of cooperative activities, including 6G research, spectrum allocation and the introduction of new technologies in existing frequency bands. The collaboration will also focus on the global harmonization of 6G frequency bands, developing internationally aligned standards and fostering an inclusive 6G ecosystem.
This new declaration builds on recent initiatives, including a five-year memorandum of understanding between the U.S. National Science Foundation, Sweden's Vinnova and the Swedish Research Council, as well as the unveiling of a joint 6G Vision between the United States and the European Union on April 2024. These are anticipated to promote innovation in areas such as AI, 6G connectivity, ML and quantum technology.
As the world approaches the next generation of wireless technology, Ericsson's involvement in this collaboration highlights its leadership in 6G research and development. The company's innovative solutions are reshaping connectivity across sectors, from enhancing network visibility through advanced 5G deployments to revolutionizing industries with robust IoT innovations.
The company’s leadership in cloud and edge computing is providing scalable solutions for efficient digital infrastructures worldwide, ensuring flexibility and resilience in a rapidly evolving digital landscape. These advancements are set to play a crucial role in shaping the future of mobile connectivity and network infrastructure significantly.
Price Performance
Shares of Ericsson have gained 48% over the past year compared with the industry’s growth of 49.3%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Ericsson 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) , holding a Zacks Rank of 2 (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 (Strong Buy) 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%.
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.
CommScope Holding Company, Inc. (COMM - Free Report) 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 24.93%.
CommScope currently holds a Zacks Rank of 2.
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Ericsson (ERIC) to Boost US-Sweden Connectivity With 6G Technology
Ericsson (ERIC - Free Report) recently welcomed a joint statement as part of the latest bilateral agreement between the U.S. and Swedish governments aimed at advancing the next generation of connectivity technologies. This collaborative effort signifies a significant step forward in the telecommunication sector, showcasing the company’s commitment to technological advancement.
By leveraging Ericsson’s deep industry expertise and resources of both countries, the collaboration aims to develop 6G technologies to help bridge digital divide globally. It is expected to encompass a wide range of cooperative activities, including 6G research, spectrum allocation and the introduction of new technologies in existing frequency bands. The collaboration will also focus on the global harmonization of 6G frequency bands, developing internationally aligned standards and fostering an inclusive 6G ecosystem.
This new declaration builds on recent initiatives, including a five-year memorandum of understanding between the U.S. National Science Foundation, Sweden's Vinnova and the Swedish Research Council, as well as the unveiling of a joint 6G Vision between the United States and the European Union on April 2024. These are anticipated to promote innovation in areas such as AI, 6G connectivity, ML and quantum technology.
As the world approaches the next generation of wireless technology, Ericsson's involvement in this collaboration highlights its leadership in 6G research and development. The company's innovative solutions are reshaping connectivity across sectors, from enhancing network visibility through advanced 5G deployments to revolutionizing industries with robust IoT innovations.
The company’s leadership in cloud and edge computing is providing scalable solutions for efficient digital infrastructures worldwide, ensuring flexibility and resilience in a rapidly evolving digital landscape. These advancements are set to play a crucial role in shaping the future of mobile connectivity and network infrastructure significantly.
Price Performance
Shares of Ericsson have gained 48% over the past year compared with the industry’s growth of 49.3%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Ericsson 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) , holding a Zacks Rank of 2 (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 (Strong Buy) 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%.
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.
CommScope Holding Company, Inc. (COMM - Free Report) 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 24.93%.
CommScope currently holds a Zacks Rank of 2.