This story originally appeared on Zack
CommScope Holding Company, Inc. COMM recently partnered with an over-the-air TV service provider – Evoca – for a cutting-edge set-top box solution to deliver one-of-a-kind converged live and streaming content to subscribers. Dubbed VIP7802-ATSC, this innovative technology is powered by Android TV with two integrated multimode tuners ATSC 3.0 and ATSC 1.0.
Evoca’s next-generation TV service is used by several customers, primarily due to its ability to reach underserved communities that have been plagued by poor quality of service. It offers a high-quality alternative to older cable and streaming services with contract-free pricing options and easy-to-use equipment. Boasting a thriving list of high definition streaming programs, Evoca aims to provide a premium entertainment experience with aggregated streaming content.
With an unprecedented increase in on-demand content followed by changing TV viewing habits during the pandemic, the VIP7802-ATSC set-top box is expected to prove to be a significant breakthrough for the industry, enabling broadcasters and broadcasters alike. clients. CommScope’s deep technological expertise in the development of the set-top box solution, combined with new capabilities and Android TV, will enable Evoca to strengthen its television and entertainment content offering. Compliant with the ATSC 3.0 standard, the VIP7802-ATSC decoder will be named “Pilot” by Evoca.
Pilot or the VIP7802 is touted as CommScope’s modern IP decoder, equipped with a powerful Vulkan 3D GPU, dual-band Wi-Fi 6 radios and an exceptionally fast quad-core processor. These technologies support 4K UltraHD resolution and High-Dynamic Range formats to provide an enriched viewing experience for customers. It also supports software platforms such as RDK 4.0 to accelerate service innovation.
Besides streaming TV services, the product is compatible with streaming services like Amazon Prime, Netflix, Inc. NFLX and Disney + while providing seamless Internet access. The set-top box solution will allow Evoca to deploy its next-generation television service in several markets in a cost-effective manner. Pilot will be installed on a converged broadband broadcast platform with supreme audio and video clarity. Its deployment is slated for early Q1 2022 and will also be offered to broadcast partners and others in ATSC 3.0 markets nationwide.
Going forward, CommScope aims to pursue strategies focused on reducing operational costs and optimizing the overall cost structure. It is well positioned to capitalize on long term industry growth trends including fiber and mobility, IoT and low latency. The CommScope NEXT program is expected to improve business processes and unlock shareholder value. It is also improving its customer relationships and competitive position, paving the way for healthy mobility solutions, as communications service providers continue to expand their networks to increase capacity and coverage.
Despite current global supply chain issues, CommScope expects to take advantage of favorable industry winds such as demand for 5G, launch of HELIAX SkyBlox to meet demand for network upgrades. Growth, cost control and portfolio optimization remain its priorities. At the beginning of April 2021, the company announced its plan to split up the Domestic Networks activity. The restructuring will allow CommScope and Home Networks to drive innovation and develop new technologies for home and consumer products based on a robust manufacturing model.
Zacks Rank # 4 (Sell) share gained 48.2% compared to industry8.6% growth over the past year.
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Some top-ranked stocks across the industry are Clearfield, Inc. CLFD and InterDigital, Inc. IDCC. While Clearfield sports a Zacks Rank # 1 (strong buy), InterDigital carries a Zacks Rank # 2 (buy). You can see The full list of today’s Zacks # 1 Rank stocks here.
Clearfield has posted a surprise profit of 49% on average over the past four quarters.
InterDigital delivered a surprise profit over the last four quarters of 536%, on average.
5 actions in the process of doubling
Each was selected by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations climbed + 143.0%, + 175.9%, + 498.3% and + 673.0%.
Most of the stock in this report is flying under Wall Street’s radar, which provides a great opportunity to get into the ground floor.