Yahoo Finance AT&T (T) to Boost Michelin's Global Network for Business Growth
AT&T Inc. T is providing an SD-WAN and WAN solution that will help modernize the network of Michelin MGDDY.
Headquartered in Clermont-Ferrand, France, Michelin is a leading global tire manufacturer. It has seven R&D centers around the world, 69 manufacturing facilities and sales agencies in 171 countries.
Michelin’s existing network infrastructure was impairing its ability to deliver efficient customer service. The company decided to augment 200 sites worldwide to make use of cloud-based applications. This will allow Michelin to benefit from greater scalability and agility through AT&T’s connectivity.
Michelin, which also aims to be a leader in sustainable mobility, is utilizing technology for value creation and growth of the business. The global SD-WAN solution uses AT&T’s Virtual Private Network and Dedicated Internet services. This will help Michelin build a network with full ownership of the technology.
AT&T is supporting Michelin in its digital transformation strategy with this SD-WAN solution. It will manage the deployment, operation and maintenance of this solution.
Michelin chose to work with AT&T on this project, which highlights the latter’s sales leadership team in France and strong global network. AT&T is focused on making Michelin’s network ready for the future.
AT&T is witnessing an increasing demand for its wireless services from varied customers. It remains to be seen how the positive momentum gets reflected in the stock price, going forward.
AT&T’s shares have lost 3.6% in the past year against 12.5% growth of the industry.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the industry are United States Cellular Corporation USM and Cambium Networks Corporation CMBM, both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
U.S. Cellular delivered a trailing four-quarter earnings surprise of 123.9%, on average.
Cambium delivered a trailing four-quarter earnings surprise of 46.5%, on average.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>
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
United States Cellular Corporation (USM) : Free Stock Analysis Report
AT&T Inc. (T) : Free Stock Analysis Report
Michelin (MGDDY) : Free Stock Analysis Report
Cambium Networks Corporation (CMBM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
