Yahoo Finance Ericsson (ERIC) to Boost DNB's Cybersecurity Applications
Ericsson ERIC recently announced that Digital Nasional Berhad (DNB) has deployed Ericsson Security Manager (ESM) solution to improve cybersecurity of the latter’s 5G network. DNB, a leading telecommunication company based in Malaysia, is the first to deploy ESM technology in the country. 5G network is essential for Malayasia’s digital transformation and with the deployment of ESM solution, DNB aims to ensure the network integrity of the communication infrastructure.
With the increasing dependency on digital services, Internet connectivity has become an integral part of our lives, leading to a surge in data theft and other cyber threats. This poses an imminent risk to enterprises' data and sensitive financial, medical and national security information. Attackers are undertaking dynamic strategies and advanced tactics to breach cybersecurity and to counter that a cutting-edge cyber defense solution must be deployed to mitigate the threat.
ESM is a resilient and comprehensive cybersecurity platform designed to ensure security across end-to-end telecom networks. Ericsson’s cybersecurity solution automates security management and will allow DNB to enjoy greater visibility, control and security compliance monitoring. The successful implementation of the solution will significantly improve the existing network’s security posture with seamless threat management, ensure privacy, mitigate risks and expedite the digital growth of the country.
Ericsson is benefiting from solid 5G momentum worldwide. Investments in research and development (R&D) have established it as a leader in 5G. In the Mobile Networks business, Ericsson plans to capitalize on the convergence of cloud, software and services by merging Digital Services and Managed Services to form a new segment dubbed Cloud Software and Services. With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has recently increased. To maintain superior performance as traffic increases, there is a need for network tuning and optimization. Ericsson solutions are much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity.
The company is focused on structural changes that will generate lasting efficiency gains and boost cost competitiveness. Courtesy of investing in R&D combined with operational efficiency, Ericsson has the world’s leading patent portfolio in cellular technology, with 60,000 granted patents and more than 100 signed licensing agreements. It is also focused on stabilizing its IT, cloud and project portfolio and re-establishing profitability in Managed Services by handling existing contracts and investing in automation and artificial intelligence.
The stock has lost 34.4% in the past year compared with the industry’s decline of 12.4%.
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Ericsson currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
InterDigital, Inc. IDCC, sporting a Zacks Rank #1, delivered an earnings surprise of 170.89%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 579.03%.
It is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.
Akamai Technologies, Inc. AKAM, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 4.86%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 6.06%.
It is a global provider of content delivery network (CDN) and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Its offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.
Meta Platforms Inc. META, sporting a Zacks Rank #1, delivered an earnings surprise of 15.46%, on average, in the trailing four quarters. Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video-sharing app Instagram and WhatsApp messaging app owing to acquisitions.
Meta is considered to have pioneered the concept of social networking, which is why it enjoys a first mover’s advantage in this market. As developed regions mature, Meta undertakes measures to drive penetration in emerging markets of South East Asia, Latin America and Africa.
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