Will the Launch of RUCKUS Edge Platform Benefit COMM Stock?

Zacks
22 Oct 2024

CommScope Holding Company, Inc. COMM has expanded its AI-driven network assurance and business intelligence platform, RUCKUS One, with the launch of RUCKUS Edge, a new service delivery platform. RUCKUS Edge, built on the RUCKUS One cloud platform, utilizes the latter’s service catalog to provide a scalable and flexible solution for edge network deployment. By combining cloud orchestration with an edge appliance, this solution ensures a centralized, cloud-based control while enhancing performance and flexibility at the network edge.

Features of COMM’s RUCKUS Edge Platform

Integrated seamlessly with RUCKUS One, the state-of-the-art RUCKUS Edge platform offers a centralized cloud-managed interface that automates numerous tasks through the web interface and mobile app, reducing operational processes. The scalable platform is designed to cater to organizations of all sizes, with the flexibility to cluster multiple edge appliances for efficient workload distribution.

Security and privacy enhancements are realized through the VXLAN-based SD-LAN service, which creates isolated virtual network segments. This feature provides tailored access for various user groups while ensuring robust security. The RUCKUS Edge appliance enhances performance by processing data closer to users, significantly reducing latency and improving transmission speeds. The platform also supports seamless Wi-Fi roaming across campuses, maintaining uninterrupted connectivity for devices.

Moreover, CommScope's flexible, subscription-based pricing allows organizations to adopt a pay-as-you-go model, minimizing the total cost of ownership. The platform's architecture supports high availability and reliability through redundant clustered appliances, ensuring resilience and minimizing downtime for critical operations. 

With its AI-driven insights and assurance capabilities, RUCKUS One empowers IT teams to proactively address network issues before they disrupt services. The hybrid cloud architecture facilitates the management of wired and wireless LANs and IoT networks, creating a cohesive and efficient networking environment.





Will This Expansion Aid COMM’s Prospects?

CommScope has been pursuing strategies focused on reducing operational costs and optimizing the overall cost structure. It has a track record of successfully executing annual profit improvement plans and cost-saving initiatives. 

With operators moving toward converged or multi-use network structures, combining voice, video and data communications into a single network, CommScope is dedicated to developing solutions designed to support wireline and wireless network convergence, which will be essential for the success of 5G technology. The company’s portfolio of solutions has been specifically designed to help global service providers efficiently deploy fiber networks.

Through the launch of RUCKUS Edge, CommScope is taking a significant step toward enhancing security, performance and user experience in modern network management, positioning itself at the forefront of industry innovation.

These advancements are expected to generate incremental demand for CommScope’s solutions, leading to higher revenues. An improved financial performance is likely to propel the stock upward.





COMM’s Stock Price Performance

Shares of CommScope have gained 163.4% over the past year compared with the industry’s growth of 16.8%.


Image Source: Zacks Investment Research

COMM’s Zacks Rank and Other Key Picks

CommScope currently carries a Zacks Rank #2 (Buy). 

Some other top-ranked stocks in the broader industry have been discussed below.

Ubiquiti Inc. UI currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.




The company’s effective management of its strong global network of more than 100 distributors and master resellers improved 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 sports a Zacks Rank #1 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. 

Ooma, Inc. OOMA currently carries a Zacks Rank #2. In the last reported quarter, it delivered an earnings surprise of 7.14%. 

Ooma provides communications solutions and other connected services to small businesses and home and mobile users. The company's products include Ooma Office for small businesses, Business Promoter, Ooma Telo for home, Ooma end-point devices, Ooma Premier Service for Telo, Talkatone Application, as well as caller identification, call-waiting and voice mail services. Ooma is based in Palo Alto, United States.






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

Workday, Inc. (WDAY) : Free Stock Analysis Report

CommScope Holding Company, Inc. (COMM) : Free Stock Analysis Report

Ooma, Inc. (OOMA) : Free Stock Analysis Report

Ubiquiti Inc. (UI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10