Cincinnati Bell (CBB) Arm unveils solutions for remote connectivity
Cincinnati Bell Inc.CBB’s wholly-owned subsidiary, CBTS, recently announced the launch of an industry-leading portfolio of networking products featuring software-defined wide area networking (SD-WAN) technology. This will enable virtually connected employees to optimize collaboration and mitigate operational risk with secure and reliable bandwidth.
As working outside the office premises has become a new norm, the latest development is a boon, especially at a time when organizations are turning to self-provisioning and remote management features for streamlined connectivity in the context of the COVID-19 situation. Clearly, Cincinnati Bell’s dedicated efforts to evolve from a telecommunications company to an information technology-based company with modern fiber assets bode well for consumer and business customer growth.
As a leading technology company, CBTS is best known for its dynamic communication solutions that serve over 3,000 organizations in various industries such as retail, manufacturing, education and healthcare. Some of these offerings are Big Data Analytics, Unified Communications, Cloud Networking, Cybersecurity, Application Development and Consulting.
Equipped with flexible delivery models, the company is primarily focused on improving its operational efficiency and implementing next-generation cloud strategies to empower digital business transformation with utmost agility. Clearly, CBTS’ SD-WAN capabilities deliver a secure, high-quality experience to address latency-related performance issues and improve real-time business results to deliver an optimal remote working environment, regardless of the location.
CBTS unveiled three pioneering networking solutions – VeloCloud + Check Point CloudGuard Hosted Cloud Security Bundle, VMware SD-WAN by VeloCloud Bundle and Cisco Meraki Cloud Managed Security and SD-WAN Bundle – as part of the launch. These solutions have been specifically designed to minimize technical issues to provide a seamless work-from-home experience.
Through efficient workforce mobility, the innovative offerings allow teleworkers to improve their daily productivity with secure bandwidth and a reliable internet connection. Additionally, SD-WAN technology not only lifts advanced remote solutions, but also evenly distributes workloads with minimal hardware requirements and flexible deployments. Supported by these robust features, the latest launch of CBTS is likely to help various organizations overcome the challenges of infrastructure complexity while driving the growing relevance of remote working culture in the post-pandemic world.
Going forward, Cincinnati Bell intends to expand its IT and Hardware Services division with the goal of garnering more business from this segment. Additionally, the expansion of its geographical footprint in IT services has furthered the diversification of its customers, supporting its transformation into a provider of hybrid IT solutions. Notably, the company’s investment in fiber supports the growing IoT trend, which involves increased use of broadband connections and smart home devices. This will support the growing demand for data and accelerate the growth of 5G mobile technology in the near future.
Cincinnati Bell currently has a Zacks rank of #3 (Hold). The stock gained 46.2% against an industry decline of 12.5% over the past year.
Some top-ranked stocks in the broader industry are Telephone and Data Systems, Inc. TD, Telenor ASA TELNY and Portland General Electric Company POR. While Telephone and Data Systems sports a Zacks rank #1 (strong buy), Telenor and Portland General Electric have a Zacks rank #2 (buy). You can see the full list of today’s Zacks #1 Rank stocks here.
Telephony and data systems generated a positive earnings surprise over the last four quarters of 148.5% on average.
Telenor expects long-term earnings growth of 27.9%.
Portland General Electric recorded a positive surprise of 98.1% on average over the last four quarters.
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