U.S. markets close in 2 hours 43 minutes
  • S&P 500

    4,427.61
    +71.16 (+1.63%)
     
  • Dow 30

    34,641.31
    +343.58 (+1.00%)
     
  • Nasdaq

    13,890.41
    +351.12 (+2.59%)
     
  • Russell 2000

    2,035.06
    +31.03 (+1.55%)
     
  • Crude Oil

    87.39
    +1.79 (+2.09%)
     
  • Gold

    1,829.60
    -22.90 (-1.24%)
     
  • Silver

    23.78
    -0.12 (-0.49%)
     
  • EUR/USD

    1.1296
    -0.0010 (-0.09%)
     
  • 10-Yr Bond

    1.7740
    -0.0090 (-0.50%)
     
  • GBP/USD

    1.3520
    +0.0014 (+0.10%)
     
  • USD/JPY

    114.3260
    +0.4600 (+0.40%)
     
  • BTC-USD

    37,835.48
    +571.20 (+1.53%)
     
  • CMC Crypto 200

    867.46
    +11.65 (+1.36%)
     
  • FTSE 100

    7,469.78
    +98.32 (+1.33%)
     
  • Nikkei 225

    27,011.33
    -120.01 (-0.44%)
     

Amazon (AMZN) Expands Customer Base With AWS Private 5G Launch

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • AMZN
  • AIG
  • XM
  • UAL

Amazon's AMZN cloud computing platform, Amazon Web Services ("AWS"), introduced a managed service named AWS Private 5G.

AWS Private 5G helps companies in seamless deployment and scaling up of private 5G mobile networks in their facilities.

With the help of the service, customers can mention their mobile network coverage area and required capacity for their devices in the AWS console. Accordingly, AWS will provide the small cell radio units, servers, 5G core and RAN software, and SIM cards to deploy private 5G network and connect devices.

The service automates the setting up process so that additional devices can be supported.

Thus, customers can enjoy 5G networks with more reliability, coverage, lower latency, and higher bandwidth, while scaling their networks with the addition of more devices seamlessly.

Amazon.com, Inc. Price and Consensus

Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. Price and Consensus

Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote

AWS Portfolio Strength

The latest move by Amazon mark its effort to expand its portfolio of offerings to provide better services to customers.

Apart from AWS Private 5G, the company introduced AWS Mainframe Modernization to help customers seamlessly shift mainframe and legacy workloads to the cloud at minimal charges.

It also introduced AWS IoT FleetWise so that automakers can easily collect and organize vehicle data and transfer it to the cloud in near real-time.

Additionally, AMZN introduced AWS IoT TwinMaker, which provides a solution for developers to seamlessly integrate data from various sources and combine it for creating a graph that relates to a real-world environment.

Amazon also unveiled three serverless options for its suite of analytics services for analyzing data without any need for configuration and management of the underlying infrastructure.

Growing Customer Base

With the launch of AWS Private 5G, the company expects to gain strong traction among various customers. Customers and partners, including DISH, Amazon Fulfillment, and Koch Global Services, have already shown interest in the service.

Apart from companies choosing the latest service, companies like American International Group AIG, United Airlines UAL and Qualtrics International XM have selected AWS as their official cloud provider.

American International Group picked AWS to leverage its complete cloud capabilities for improving business procedure, digital transformation and modernizing services.

Along with cloud services, AIG selected AWS's financial service expertise to enhance customers' experience.

United Airlines has chosen AWS to use its machine learning, Internet of Things, analytics, databases, computing, storage, and security capabilities to advance its travel services to provide a better traveling experience to customers.

By leveraging AWS, UAL has already introduced the latest features in its app and digital channels so that customers can understand and follow COVID-related travel restrictions.

Qualtrics has been shifting its complete portfolio of experience management applications and customer-facing workloads to AWS.

AWS's infrastructure and broad capabilities like machine learning, analytics, databases, security, and compute are helping Qualtrics to gain operational efficiency and provide customers with deeper insights with the help of new features.

However, increasing expenses for research and development for product introductions remain headwinds for Amazon. The company currently carries a Zacks Rank #5 (Strong Sell).

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


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

Amazon.com, Inc. (AMZN) : Free Stock Analysis Report

United Airlines Holdings Inc (UAL) : Free Stock Analysis Report

American International Group, Inc. (AIG) : Free Stock Analysis Report

Qualtrics International Inc. (XM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research