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EchoStar Corporation’s SATS subsidiary, Hughes Network Systems, recently took digital signage to the next level with the launch of the HS600 Media Player. The initiative is aimed at aiding businesses to streamline their content delivery to any HDMI-enabled screen.
The state-of-the-art device is engineered to provide businesses with a seamless digital signage experience, offering the ability to integrate live television and other high-quality video content into existing display setups without requiring expensive equipment upgrades. The HS600 integrates with the Hughes MediaSignage platform, a cloud-based content management system. It offers a range of templates, making it easy to create professional and visually engaging displays. With this platform, businesses can effectively manage a broad spectrum of content, from promotional videos to company information, or live programming.
The cutting-edge features of HS600 find their usage in sectors like retail, manufacturing, hospitality and other deskless settings where engaging customers and employees remain the primary focus. The HS600 allows retailers to display promotions, feature products and inform customers about in-store deals and services in real-time. In a hospitality environment, restaurants and bars can use the media player to promote menu items while streaming live sports and entertainment. The seamless fusion of entertainment and information is instrumental in keeping guests engaged and boosting sales simultaneously.
Hughes is making significant strides in the digital signage industry with the newly launched media player. Its seamless integration with existing screens, paired with Hughes’ cloud-based content management system, allows businesses to deliver relevant, real-time information and entertainment that drives engagement and improves communication, with a greater return on investment.
Hughes’ Innovative Offerings Are Gaining Momentum
Hughes remains at the forefront of innovation, continuously investing in its differentiated product portfolio. In July 2024, it introduced a small business package from Hughes Managed Cybersecurity that safeguards the interests of its employees and customers. The acclaimed solution can provide cyber protection, content filtering, higher network availability, flexible Wi-Fi connectivity and real-time threat intelligence.
In May 2024, Hughes unveiled Low Earth Orbit Electronically Steerable Antenna for In-Flight Entertainment & Connectivity. The premium technology provides uninterrupted, superfast and enterprise-grade connectivity for global commercial aviation.
Unique product launch strategies to capture a major chunk of the highly competitive satellites and communication market are boosting SATS’ stock trajectory.
EchoStar is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband Internet services for home and small office customers.
SATS’ Potential Subscriber Losses Affect the Top Line
Net subscriber losses in Pay-TV, Retail Wireless and Broadband and satellite services are weighing on the top-line performance. In the last reported quarter, SATS revenues fell 9% year over year to $3.96 billion. The top line also missed the consensus mark by 0.6%. Soft revenues generated from pay-TV, Retail Wireless and Broadband and satellite services businesses amid growth in the 5G Network Deployment further dampened its results.
SATS’ Zacks Rank & Stock Price Performance
At present, EchoStar has a Zacks Rank #5 (Strong Sell). SATS’ shares are up 4.2% in the pre-market trading on Sept. 18. Shares of the company have gained 41.3% against the sub-industry’s decline of 14.5% in the past year.
Stocks to Consider
Some better-ranked stocks from the broader technology space are Harmonic Inc. HLIT, Arista Networks, Inc. ANET and Ubiquiti Inc. UI. HLIT sports a Zacks Rank #1 (Strong Buy), whereas ANET and UI carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here
Harmonic enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. HLIT delivered a trailing four-quarter average earnings surprise of 32.5%.
Arista Networks supplies products to a prestigious set of customers, including Fortune 500 global companies in markets like cloud titans, enterprises, financials and specialty cloud service providers. It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, ANET delivered an earnings surprise of 8.25%.
Ubiquiti company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques.
Zacks Investment Research
Courtesy of a software-driven, data-centric approach that helps customers build their cloud architecture, Arista Networks, Inc. ANET has surged 95.3% over the past year compared with the industry’s growth of 69.5%. It has also outperformed its peers like Juniper Networks, Inc. JNPR and Cisco Systems, Inc. CSCO over this period.
Arista continues to benefit from strong momentum and diversification across its top verticals and product lines with an improved market demand supported by a flexible business model and solid cash flow. As more and more business enterprises transition to the cloud, the company is well-poised for growth in data-driven cloud networking business with proactive platforms and predictive operations.
One-Year Price Performance
ANET Solutions Gaining Solid Market Traction
Arista holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200-and-400-gig high-performance switching products.
Additionally, Arista offers one of the broadest product lines of data center and campus Ethernet switches and routers in the industry. It provides routing and switching platforms with industry-leading capacity, low latency, port density and power efficiency. The company also innovates in areas such as deep packet buffers, embedded optics and reversible cooling.
Arista is witnessing solid demand trends among enterprise customers backed by its multi-domain modern software approach, which is built upon its unique and differentiating foundation, the single EOS (Extensible Operating System) and CloudVision stack. The versatility of Arista’s unified software stack across various use cases, including WAN routing and campus and data center infrastructure, sets it apart from other competitors in the industry. This, in turn, has translated into solid revenue growth for the company over the years.
Cloud-Native Cognitive Software: ANET’s Key Focus
Arista continues benefiting from the expanding cloud networking market, driven by strong demand for scalable infrastructure. In addition to high capacity and easy availability, its cloud networking solutions promise predictable performance and programmability, enabling integration with third-party applications for network management, automation and orchestration.
With customers deploying transformative cloud networking solutions, the company has announced several additions to its multi-cloud and cloud-native software product family with CloudEOS Edge. It has introduced cognitive Wi-Fi software that delivers intelligent application identification, automated troubleshooting and location services. This supports video conferencing applications like Microsoft Teams and Zoom.
ANET Launches EOS Smart AI Suite
Arista recently launched Etherlink AI platforms for optimal network performance across the most demanding AI workloads, including training and inferencing. Powered by new AI-optimized Arista EOS features, the new product portfolio can support more than 100,000 XPUs with 2-tier network topologies. This delivers superior application performance compared to more complex multi-tier networks while offering advanced monitoring capabilities, including flow-level visibility.
In addition, the company aims to provide the ideal accelerator-agnostic solution for AI clusters of any shape or size, providing flexible options for fixed, modular and distributed switching platforms. The EOS Smart AI suite will enable customers to have a single 800G end-to-end technology platform across front-end, training, inference and storage networks with AI-grade robustness and protection to high-value AI clusters and workloads.
In collaboration with NVIDIA Corporation NVDA, Arista aims to build optimal generative AI networks with lower job completion times that customers can easily configure and manage. The Arista EOS-based agent enables the network and the host to communicate with each other, facilitating a single point of control and visibility across an AI Data Center. This remote AI agent, hosted directly on an NVIDIA BlueField-3 SuperNIC or running on the server and collecting telemetry from the SuperNIC, allows EOS to configure, monitor and debug network problems on the server, ensuring end-to-end AI communication and optimization.
Estimate Revision Trend of ANET
Earnings estimates for Arista for 2024 have moved up 23.4% to $8.24 over the past year, while the same for 2025 has increased 22.4% to $9.24. The positive estimate revision depicts optimism about the stock’s growth potential.
End Note
With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, Arista appears to be a solid investment proposition. Further, a strong emphasis on quality, diligent execution of operational plans and continuous portfolio enhancements are driving more value for customers. Steady improvement in lead times and easing of supply-chain woes are major tailwinds.
The stock delivered a trailing four-quarter average earnings surprise of 15%. Arista currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
Zacks Investment Research
Vonage, a wholly owned subsidiary of Ericsson ERIC, recently introduced an advanced business messaging solution called Vonage Rich Communication Services (RCS). Businesses in more than 10 countries in North America, South America and the EMEA region can now readily access the technology. The integration of Vonage RCS into business applications through Vonage Messages API will facilitate customized conversations that improve client engagement across the entire customer journey.
In today’s fast-paced digital age, businesses are witnessing continuous change in customers’ choices and preferences. To match the speed of modern social media platforms and messaging apps and efficiently target potential customers, businesses need to deliver a more interactive, immersive and personalized communication experience. Legacy services of emails and basic text messages no longer serve these requirements.
Vonage’s RCS has the necessary capabilities to address these requirements. The service facilitates smooth and secure transmission of enriched content in any format, such as video, image and audio, directly to customers. Various functionalities such as typing indicators, location sharing and time-saving interaction buttons, which include suggested replies, significantly enhance conversational capabilities, thereby making communications more personalized and engaging.
The service enables businesses to send RCS messages encrypted with the company name and logo. Its carrier-supported verification status enhances the security of communications, eliminating cyber threats. These features bolster branding capabilities and improve customer trust in the business. Additionally, Vonage Conversational Commerce allows businesses to run personalized RCS campaigns. Its integrated AI-assisted chat turns notifications into a two-way conversation, thereby facilitating real-time communication and improving the likelihood of conversion. These attributes can immensely improve customer service efficiency, streamline transactions and boost conversion rates of marketing campaigns.
Will This Product Launch Drive ERIC Stock’s Performance?
The global RCS market is currently projected to grow at an exponential rate in the upcoming years, driven by growing demand for multimedia experience and a rise in mobile data usage. Vonage RCS’ advanced messaging features like interactive menus, chatbot support and media content are expected to gain solid traction as businesses move to future-proof their communication strategies in the changing landscape of customer communications.
ERIC Stock’s Price Performance
Shares of Ericsson have gained 45.4% over the past year compared with the industry’s 45.5% growth.
ERIC’s Zacks Rank and Key Picks
Ericsson currently carries a Zacks Rank #3 (Hold).
Arista Networks, Inc. ANET carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
In the last reported quarter, it delivered an earnings surprise of 8.25%. The company is engaged in providing cloud networking solutions for data centers and cloud computing environments. It offers 10/25/40/50/100 gigabit Ethernet switches and routers optimized for next-generation data center networks.
Ubiquiti Inc. UI carries a Zacks Rank #2 at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to tackle challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its UI’s visibility for future demand and inventory management techniques.
Workday Inc. WDAY carries a Zacks Rank of 2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%.
WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.
Zacks Investment Research
Nokia Corporation NOK recently announced that it has been selected by CoreWeave to deploy its state-of-the-art IP routing and optical transport solutions in the latter’s data centers in the United States and Europe to support high-performance AI infrastructure.
Known for handling compute-intensive workloads and AI-centered applications, CoreWeave requires a networking backbone that ensures rapid and dependable customer access to its services. Additionally, as the demand for generative AI, ML, graphics and rendering VFX is rapidly growing, critical network connectivity is also becoming essential for the company’s cloud infrastructure.
NOK’s Focus on Providing Networking Backbone
Nokia’s advanced solution promises to support CoreWeave’s backbone and edge platforms by delivering super-fast, reliable performance at scale while also managing more than 30% of traffic within the same energy envelope.
Post-deployment, the backbone will feature Nokia’s IP routing and optical transport portfolio, including the FP5-based Nokia 7750 Service Router. The router is known for its extensive routing capabilities, speeds of up to 800Gb/s and strong Ethernet VPN support. For optical transport and data center interconnection across the WAN, Nokia’s 1830 Photonic Service Interconnect solution will be employed. Additionally, to automate network functions and optimize resource management, Nokia’s Network Services Platform will be used.
Increasing Client Base to Drive Performance for NOK
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased in recent times. Further, to maintain superior performance as traffic increases, there is also a continuous need for network tuning and optimization.
Nokia is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, the company is transforming the way people and things communicate and connect. These include a seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and Internet of Things.
With a strong presence in more than 100 countries, the Finnish multinational telecommunication company is expected to benefit from the increasing customer base. This will likely enable the company to generate higher revenues in the upcoming quarters. Improving financial performance is likely to propel the stock upward.
NOK’s Stock Price Performance
Shares of Nokia have gained 6.5% over the past year compared with the industry’s growth of 45.9%.
NOK’s Zacks Rank and Key Picks
Nokia currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Ubiquiti Inc. UI carries a Zacks Rank #2 (Buy) at present. The company offers a comprehensive suite of networking products and solutions for service providers and enterprises. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its UI’s visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%.
Workday Inc. WDAY carries a Zacks Rank #2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains.
Airgain, Inc. AIRG currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.
Based in San Diego, CA, Airgain provides antenna products as integrated wireless solutions. These devices are designed to address vital connectivity requirements during product development and throughout the entire lifecycle of other industries, such as automotive and consumer, in addition to various sectors within an enterprise.
Zacks Investment Research
Intel Corporation INTC recently announced that it had extended its collaboration with Amazon Web Services, Inc. (AWS), a wholly-owned subsidiary of Amazon.com AMZN. The collaboration involves co-investment by the companies in custom chip designs under a multi-year, multi-billion-dollar framework.
Under this expanded agreement, the semiconductor company will develop an AI fabric chip for AWS, leveraging its most advanced Intel 18A process node. Additionally, a custom Xeon 6 chip will be produced on Intel 3, strengthening its existing partnership in which Intel provides Xeon Scalable processors for AWS.
Intel continues its longstanding relationship with AWS, which began in 2006 with the launch of the latter's first Amazon EC2 instances featuring Intel's Xeon Scalable processors. The company is making solid progress in its Xeon processors, including the Intel Xeon 6 processor with Performance cores (P-cores), which is expected to begin shipping in the third quarter of 2024, along with the Intel Gaudi 3 AI accelerator.
Intel has also announced the launch of glass substrates for advanced packaging of chips. This industry-leading product is likely to be available for mass consumption in the second half of this decade as it aims to deliver 1 trillion transistors on a package by 2030.
Will INTC Stock Benefit From the Collaboration?
The expanded partnership between Intel and AWS underscores the commitment of both companies to advancing U.S.-based semiconductor manufacturing and fostering a vibrant AI ecosystem in Ohio. Intel remains dedicated to its New Albany manufacturing site, while AWS plans to invest $7.8 billion to expand its data center operations in Central Ohio, adding to the $10.3 billion previously invested in the state since 2015. This collaboration is expected to drive innovation across their shared ecosystem, bolster growth of both companies and contribute to a sustainable domestic AI supply chain.
Looking ahead, the companies intend to explore further opportunities for chip designs based on Intel 18A and future process nodes, including Intel 18AP and Intel 14A, which are expected to be produced at Intel’s Ohio facilities. This expansion may also include migrating existing Intel designs to these advanced platforms, continuing their tradition of innovation and collaboration.
All these advancements will likely generate incremental demands for Intel’s goods and services, leading to higher revenues. Improving financial performance is likely to propel the stock upward.
INTC’s Stock Price Performance
Shares of Intel have lost 45% over the past year against the industry’s growth of 125%.
INTC’s Zacks Rank and Key Picks
Intel currently carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the broader industry have been discussed below.
Ubiquiti Inc. UI carries a Zacks Rank #2 (Buy) at present. The company offers a comprehensive suite of networking products and solutions for service providers and enterprises. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its UI’s visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%.
Airgain, Inc. AIRG currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.
Based in San Diego, CA, Airgain provides antenna products as integrated wireless solutions. These devices are designed to address vital connectivity requirements during product development and throughout the entire lifecycle of other industries, such as automotive and consumer, in addition to various sectors within an enterprise.
Zacks Investment Research
EchoStar Corporation’s SATS subsidiary DISH TV is reportedly considering a merger with AT&T Inc. and private equity firm TPG Inc.’s joint venture – DirecTV – according to a Bloomberg report.
Citing sources familiar with the matter, the report further added that no agreement has been reached, and the discussions are still at a nascent stage and could end without any conclusive outcome. Following the speculations of a potential merger, shares of SATS jumped 8.9% yesterday and closed the session at $26.44.
A potential merger between DirecTV and Dish could significantly transform the pay-TV market and satellite services in an increasingly streaming-dominated world.
The pay-TV landscape has been witnessing severe disruption owing to the proliferation of streaming services such as Netflix and Amazon Prime Video. By joining forces, DirecTV and Dish could potentially stabilize their subscriber bases and find new ways to compete in an era where on-demand services are continuously gaining traction. Bloomberg reported that combining the two satellite businesses would result in a larger subscriber base, estimated at 20 million, giving the new entity potential market strength.
The Merger to Face Intense Regulatory Scrutiny
A merger of this magnitude is likely to attract significant scrutiny from U.S. regulators, particularly regarding antitrust concerns, per Bloomberg. The U.S. Department of Justice previously blocked a merger between the two companies in 2002 due to antitrust concerns, with expectations of generating a satellite TV monopoly and disrupting competition. Back then, DirecTV was owned by General Motors.
The report highlighted that owing to the sweeping changes witnessed in the industry, the deal could pass regulatory scrutiny this time.
SATS’ Potential Subscriber Losses Affect Top Line
Net subscriber losses in Pay-TV, Retail Wireless and Broadband and satellite services are weighing on the top-line performance. In the last reported quarter, SATS revenues fell 9% year over year to $3.96 billion. The top line also missed the consensus mark by 0.6%. Soft revenue generated from pay-TV, Retail Wireless and Broadband and satellite services businesses amid growth in the 5G Network Deployment further dampened its results.
SATS’ Zacks Rank & Stock Price Performance
At present, SATS has a Zacks Rank #5 (Strong Sell). Shares have gained 44.2% against the sub-industry’s decline of 13.8% in the past year.
Stocks to Consider
Some better-ranked stocks from the broader technology space are Arista Networks, Inc. ANET, Harmonic Inc. HLIT and Ubiquiti Inc. UI. HLIT presently sports a Zacks Rank #1 (Strong Buy), whereas ANET and UI carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
Arista Networks supplies products to a prestigious set of customers, including Fortune 500 global companies in markets like cloud titans, enterprises, financials and specialty cloud service providers. 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 enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. HLIT delivered a trailing four-quarter average earnings surprise of 32.5%.
Ubiquiti company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques.
Zacks Investment Research
Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Invesco Russell 1000 Equal Weight ETF (EQAL) is a passively managed exchange traded fund launched on 12/23/2014.
The fund is sponsored by Invesco. It has amassed assets over $609.44 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.
Why Large Cap Blend
Large cap companies usually have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.20%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.67%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 12.20% of the portfolio. Financials and Real Estate round out the top three.
Looking at individual holdings, Charter Communications Inc (CHTR) accounts for about 0.69% of total assets, followed by Liberty Broadband Corp (LBRDK) and Ubiquiti Inc (UI).
The top 10 holdings account for about 6.03% of total assets under management.
Performance and Risk
EQAL seeks to match the performance of the Russell 1000 Equal Weight Index before fees and expenses. The Russell 1000 Equal Weight Index is composed of securities in the Russell 1000 Index and is equally weighted across nine sector groups with each security within the sector receiving equal weight.
The ETF has added about 9.20% so far this year and it's up approximately 16.71% in the last one year (as of 09/17/2024). In the past 52-week period, it has traded between $37.43 and $47.80.
The ETF has a beta of 1.10 and standard deviation of 18.24% for the trailing three-year period, making it a medium risk choice in the space. With about 997 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco Russell 1000 Equal Weight ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, EQAL is a reasonable option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Core S&P 500 ETF (IVV) and the SPDR S&P 500 ETF (SPY) track a similar index. While iShares Core S&P 500 ETF has $521.05 billion in assets, SPDR S&P 500 ETF has $555.26 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Zacks Investment Research
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