CenturyLink to Widen Cloud Offerings With Oracle FastConnect
CenturyLink, Inc. CTL recently announced that it will offer private access to Oracle Cloud with Oracle Cloud Infrastructure FastConnect to provide customers with a network experience that matches their cloud experience. Oracle Cloud is a cloud computing service offered by Oracle Corporation ORCL.
The communications provider’s Cloud Connect Solutions and Oracle's FastConnect service will allow customers to enjoy consistent performance and reliability of a direct and secure connection. A virtual cloud network is a private network in Oracle Cloud Infrastructure, providing complete control over network environment. It includes assigning own private IP address space, creating subnets and route tables.
CenturyLink’s Ethernet services connectivity offers real-time network visibility and dynamic bandwidth, providing enterprises with control and scalability across their entire cloud ecosystem. The portal-based, self-service functionality enables customers to rapidly connect to virtual private clouds and move cloud-based workloads.
A direct connection to Oracle Cloud through Oracle FastConnect enables a fast, private connection to an integrated cloud platform with services across Platform-as-a-Service and Infrastructure-as-a-Service.
CenturyLink Cloud Connect Solutions provide private connectivity to recognized cloud service providers. It provides businesses with a network as flexible and agile as the cloud, seamlessly linking cloud environments over private and secure connections.
CenturyLink's global reach and extensive, high-performing connectivity options are designed to meet today's hybrid cloud and multi-cloud business requirements. The real-time visibility and dynamic bandwidth control offer users an enhanced network experience.
The company’s strong network capabilities, integrated hosting and network solutions are likely to promote growth in the cloud business. Notably, the company sees its managed and cloud services as a key differentiator from other players in the market, which should boost its top line.
Over the past three months, shares of CenturyLink have gained 11.7% against a decline of 1.9% for the industry.
CenturyLink currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Comtech Telecommunications Corp. CMTL and Micron Technology, Inc. MU, both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech has a long-term earnings growth expectation of 5%. It beat earnings estimates in each of the trailing four quarters, the average being 123.7%.
Micron has a long-term earnings growth expectation of 8.2%. It beat earnings estimates in each of the trailing four quarters, the average being 5.9%.
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