Verizon (VZ) & AWS Expand Mobile Edge Computing to More Places

Verizon Communications Inc. VZ and Amazon Web Services now offer mobile edge computing in Charlotte, Detroit, Los Angeles and Minneapolis.

Verizon 5G Edge with AWS Wavelength, a cloud computing platform, brings AWS compute and storage services to the edge of Verizon’s wireless network.

Verizon 5G Edge is a mobile edge computing platform for businesses. It is designed to enable developers to build applications for mobile end users and ultra-low latency wireless edge devices.

5G Edge brings the data and processing by the applications and services closer to the end user at the edge of the network. Verizon is building the 5G edge computing ecosystem to enable businesses to take advantage of a private network and on-premise edge computing infrastructure.

Shares of Verizon have lost 6.7% in the past year, compared to a 9.5% decline in the industry.

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Verizon and AWS, launched in August 2020, currently offer mobile edge computing in 17 locations. These are Atlanta, Boston, Charlotte, Chicago, Dallas, Denver, Detroit, Houston, Las Vegas, Los Angeles, Miami, Minneapolis, New York City, Phoenix, the San Francisco Bay Area, Seattle and Washington DC.

AWS Wavelength is an infrastructure offering optimized for mobile edge computing applications. Wavelength zones are infrastructure deployments that embed AWS compute and storage services in the data centers of communications service providers at the edge of the 5G network. This reduces the need for return data to travel, allowing customers to take full advantage of the latency and bandwidth benefits of 5G.

With 5G Edge with AWS Wavelength, developers can build various applications such as machine learning, Internet of Things, and game streaming.

Easy Aerial and Fermata Power usage Verizon 5G Edge with AWS wavelength for drone and power management applications.

Verizon and AWS are partnering with SaaS providers such as Couchbase and Confluent for Developers to seamlessly access Verizon 5G Edge with AWS Wavelength.

VZ currently holds a Zacks Rank #3 (Hold). You can see the full list of current Zacks #1 Rank (Strong Buy) stocks here.

Vocera Communications, Inc. VCRA is a higher ranked stock in the broader Zacks Computer and Technology sector with a Zacks Rank #1. The Zacks Consensus Estimate for current year earnings has been revised upwards 6.2% over the past 60 days.

Vocera Communications posted a lagging earnings surprise for the fourth quarter averaging 109.6%. The stock has returned 76.9% in the past year.

SeaChange International, Inc. SEAC has a Zacks Rank #2 (Buy). The consensus estimate for earnings for the current year has been revised upwards by 10% in the past 60 days.

SeaChange International provided a lagging fourth quarter earnings surprise averaging 37.2%. The stock has risen 6.8% in the past year.

Qualcomm, Inc. QCOM, with a Zacks Rank #2, is another solid choice for investors. The consensus estimate for earnings for the current year has been revised upwards by 0.7% over the past 60 days.

Qualcomm provided a lagging fourth-quarter earnings surprise averaging 11.2%. It is up 8.7% in the past year.

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