Ericsson ERIC has collaborated with Digital Nasional Berhad (DNB) by deploying its Ericsson Security Manager (ESM) solution. The cybersecurity solution, which automates security management, will be used to secure DNB’s 5G network. Malaysia-based DNB is the first company in the country to deploy the ESM technology. As digital services are becoming more prevalent, there is an increasing risk of data theft. To mitigate cybersecurity threats, advanced cyber defense solutions must be deployed.
ESM is a comprehensive cybersecurity platform designed by Ericsson to ensure security across end-to-end telecom networks. With this solution, DNB will likely have greater visibility, control, and security compliance monitoring. The technology will improve the existing network’s security to prevent cyber threats and maintain privacy. The new deployment aims to boost the digital growth of the country and ensure the network integrity of the communication infrastructure.
Ericsson is a leading player in the 5G market due to significant investments in research and development (R&D). The company has established itself as a leader in 5G as the technology is essential for mobile broadband. Ericsson plans to converge cloud, software, and services by merging Digital Services and Managed Services to form a new segment dubbed Cloud Software and Services.
Ericsson is focused on making structural changes that will generate lasting efficiency gains and increase competitiveness. The company invests heavily in R&D, which is why it boasts the world’s leading patent portfolio with more than 60,000 granted patents and over 100 signed licensing agreements in cellular technology. Ericsson also aims to stabilize its IT, cloud, and project portfolio and re-establish profitability in Managed Services by investing in automation and artificial intelligence.
Unfortunately, the stock has not had a good year, dropping 34.4% compared to the industry decline of 12.4%.
Image Source: Zacks Investment Research
As of now, Ericsson has a Zacks Rank #3 (Hold).
Meanwhile, here are some other stocks that could be worth considering:
- InterDigital, Inc. IDCC: This company is sporting a Zacks Rank #1, delivering an average earnings surprise of 170.89% in the trailing four quarters. It pulled off an earnings surprise of 579.03% in the last reported quarter. IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities.
- Akamai Technologies, Inc. AKAM: This company is carrying a Zacks Rank #2 (Buy), delivering an average earnings surprise of 4.86% in the trailing four quarters. It pulled off an earnings surprise of 6.06% in the last reported quarter. AKAM is a global provider of content delivery network (CDN) and cloud infrastructure services.
- Meta Platforms Inc. META: This company is also sporting a Zacks Rank #1, delivering an average earnings surprise of 15.46% in the trailing four quarters. META is the world’s largest social media platform and is considered to have pioneered the concept of social networking.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Click here to read this article on Zacks.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.