Will the Deployment of AI-Driven Wi-Fi 7 at COTA Benefit COMM Stock?

CommScope Holding Company, Inc. COMM recently announced that its RUCKUS Networks has successfully deployed a cutting-edge AI-driven Wi-Fi 7 solution at the Circuit of The Americas (COTA) racetrack in Texas. This positions it as the first racetrack to utilize this solution with Automated Frequency Coordination (AFC) technology. The deployment is aimed at significantly reducing interference and enhancing network performance, setting a new standard in connectivity. What COMM Brings to the Table?The comprehensive upgrade includes installing indoor and outdoor RUCKUS Wi-Fi 7 access points equipped with AFC technology, ICX switches, virtual SmartZone controllers and RUCKUS AI. Integrated seamlessly with RUCKUS wireless access points, the state-of-the-art ICX switches simplify network set-up and management, enhance security, minimize troubleshooting and make upgrades easy. The RUCKUS AI platform, coupled with the Melissa AI-driven virtual network assistant, provides enhanced network efficiency and service assurance. Further, the virtual SmartZone controllers enable service providers and enterprises to smoothly elevate their WLAN deployment. As sports fans increasingly demand faster and more reliable wireless connections, this deployment responds to those expectations effectively. The RUCKUS Wi-Fi 7 system upgrade encompasses all areas of the racetrack, including fan zones, critical race operations, media facilities and vendor areas, providing remarkable speed, capacity and responsiveness. This advanced solution enhances speed and reliability and is expected to alleviate pressure on COTA’s IT team, marking a significant improvement in event execution.Will This Expansion Aid COMM’s Prospects?With operators moving toward converged or multi-use network structures, combining voice, video and data communications into a single network, CommScope is dedicated to developing solutions designed to support wireline and wireless network convergence, which will be essential for the success of 5G technology. The company’s portfolio of solutions has been specifically designed to help global service providers efficiently deploy fiber networks.Recently, the company expanded its AI-driven RUCKUS One platform, with the launch of RUCKUS Edge, a new service delivery platform. RUCKUS Edge, built on the RUCKUS One cloud platform, utilizes the latter’s service catalog to provide a scalable and flexible solution for edge network deployment. By combining cloud orchestration with an edge appliance, this solution ensures a centralized, cloud-based control while enhancing performance and flexibility at the network edge. These advancements are expected to generate incremental demand for CommScope’s solutions, leading to higher revenues. An improved financial performance is likely to propel the stock upward.COMM’s Stock Price PerformanceShares of CommScope have gained 159.7% over the past year compared with the industry’s growth of 15.9%.Image Source: Zacks Investment ResearchCOMM’s Zacks Rank and Key PicksCommScope currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader industry have been discussed below.Ubiquiti Inc. UI currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The company’s effective management of its strong global network of more than 100 distributors and master resellers improved UI’s visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%. Workday Inc. WDAY carries a Zacks Rank #2 (Buy) at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. Ooma, Inc. OOMA currently carries a Zacks Rank #2. In the last reported quarter, it delivered an earnings surprise of 7.14%. Ooma provides communications solutions and other connected services to small businesses and home and mobile users. The company's products include Ooma Office for small businesses, Business Promoter, Ooma Telo for home, Ooma end-point devices, Ooma Premier Service for Telo, Talkatone Application, as well as caller identification, call-waiting and voice mail services. Ooma is based in Palo Alto, United States.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Workday, Inc. (WDAY): Free Stock Analysis Report CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report Ooma, Inc. (OOMA): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks