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Verizon (VZ) Offers BlueJeans Basic for Free Virtual Meeting

Verizon Communications Inc. VZ recently announced the launch of BlueJeans Basic, a free virtual video conferencing plan for users that allows attendees to meet as long as they want. The new feature by Verizon subsidiary BlueJeans, which offers an interoperable cloud-based video conferencing service across a wide range of devices and conferencing platforms, is aimed to facilitate a seamless transition to a hybrid workplace with a spontaneous and engaging interactive digital platform.

BlueJeans Basic allows up to 25 persons to meet on a single platform equipped with HD video, spatial audio, industry-leading noise reduction and dynamic leveling for impeccable call quality. Leveraging AES 256-bit encryption, BlueJeans Basic also includes enterprise-grade security features like Waiting Room, Screen Sharing Controls and the option to Hard Mute participants individually or upon entering the meeting.

It is likely to create an immersive virtual office to facilitate organic conversations in a hybrid work environment and simulate a real-life experience in a digital workplace. Such technological innovations are likely to provide flexibility to remote workers and unlock workplace productivity and happiness. By creating a virtual space that simulates a real-life office environment where distributed teams can collate together to brainstorm, organize and socialize, BlueJeans aims to address a major hurdle in today’s hybrid work reality.

With one of the most efficient wireless networks in the United States, Verizon deploys the latest 4G LTE Advanced technologies to deliver faster peak data speeds and capacity for customers, driven by customer-focused planning, disciplined engineering and constant strategic investment. The company remains focused on making necessary capital expenditures due to the expansion of 5G mmWave in new and existing markets, the densification of the 4G LTE wireless network to cater to huge traffic demands across multiple verticals and the continued deployment of the fiber infrastructure.

Verizon’s 5G mobility service offers an unparalleled experience that impacts industries as diverse as public safety, health care, retail and sports. The company’s 5G network hinges on three fundamental drivers to deliver the full potential of next-generation wireless technology. These are massive spectrum holdings, particularly in the millimeter-wave bands for faster data transfer, end-to-end deep fiber resources and the ability to deploy a large number of small cells. To expand coverage and improve connectivity, Verizon has acquired 161MHz of mid-band spectrum in the C-Band auction for a total consideration of $45.5 billion. These airwaves offer significant bandwidth with better propagation characteristics for optimum coverage in rural and urban areas.

The stock has lost 26.9% over the past year compared with the industry’s decline of 13.8%.

Zacks Investment Research
Zacks Investment Research


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Verizon carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Picks

Arista Networks, Inc. ANET, sporting a Zacks Rank #1, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 14.2% and delivered an earnings surprise of 14.2%, on average, in the trailing four quarters.

It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.

Juniper Networks, Inc. JNPR carries a Zacks Rank #2 (Buy). It has a long-term earnings growth expectation of 7% and delivered an earnings surprise of 1.6%, on average, in the trailing four quarters.

Juniper is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence.

Ubiquiti Inc. UI, carrying a Zacks Rank #2, offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. Ubiquiti’s excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth.

Ubiquiti boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, the company is committed toward reducing its operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.

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Verizon Communications Inc. (VZ) : Free Stock Analysis Report

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Arista Networks, Inc. (ANET) : Free Stock Analysis Report

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