Dolby Laboratories, Inc. DLB recently announced that its Dolby.io Transcode API has completed the beta stage and is now available for all users. With this announcement, developers and businesses now have access to a media conversion platform that will help accelerate the creation of superior quality workflows.
What Does Transcode API Offer?
The Dolby.io Transcode API is an API-driven media conversion platform for seamlessly streaming and delivering content over the web, making it easy to quickly create high-quality, file-based video workflows for any screen. The Transcode API provides powerful conversion tools wherein the outputs are already optimized for web delivery so that one does not have to use any advanced configuration to deliver media to any screen.
The Transcode API can be leveraged by anyone from a developer who needs to manage massive volumes of user-generated content to a business with recorded video intended to be used by huge audiences. The Transcode API will help businesses and developers add video to their apps quickly without needing a media expert. With the Transcode API, Dolby offers the most frequently used video codecs like AVC, HEVC, VP8 and VP9.
The Dolby.io Transcode API is the latest flexible component in a suite of APIs, which makes the content look and sound its best. With robust multi-cloud storage integration for Amazon S3, Microsoft Azur, and Google Storage, one can take source videos from one provider as input and write them cross-cloud to any other provider. Incorporating enhanced features like video concatenation and trimming, the Transcode API will be a valuable inclusion in any media workflow, giving developers a powerful toolset to understand, improve and distribute their content.
The Transcode API has simple and transparent pricing with no maintenance or hidden charges.
San Francisco, CA-based Dolby specializes in audio noise reduction and audio encoding/compression. The company offers state-of-the-art audio, imaging, and voice technologies that revolutionize entertainment and communications at theaters, home, work and mobile devices.
Dolby is well poised to benefit from the higher adoption of Dolby Vision and Dolby Atmos technology, thanks to the rising demand for premium-viewing experiences. Dolby Cinema technology is considered a major profit churner for the company. Its growth strategy stands on three pillars — advancing the science of sight and sound, providing creative solutions, and delivering superior experiences. Diligent capital deployment strategies and robust financials ensure the company’s long-term growth.
Shares of DLB have lost 23% compared with the industry’s fall of 10.9% in the past year.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Dolby carries a Zacks Rank of 3 (Hold) currently.
Some better-ranked stocks from the broader technology space are Flex Ltd FLEX, American Software AMSWA and Iridium Communications IRDM, all of which carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Flex has a projected earnings growth rate of 19.75% for fiscal 2022. The Zacks Consensus Estimate for Flex’s fiscal 2022 earnings has been revised upward by 9 cents in the past 60 days.
Flex’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 25.6%. Shares of FLEX have declined 1.6% in the past year.
American Software has a projected earnings growth rate of 24.24% for fiscal 2022. The Zacks Consensus Estimate for American Software’s fiscal 2022 earnings has been revised upward by 4 cents in the past 60 days.
American Software’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 92.14%. Shares of AMSWA have dropped 0.1% in the past year.
Iridium has a projected earnings growth rate of 157.14% for 2022. The Zacks Consensus Estimate for Iridium’s 2022 earnings has been revised upward by 2 cents in the past 60 days.
Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and met estimates twice, the average surprise being 39.4%. Shares of IRDM have gained 3.8% in the past year.
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
Dolby Laboratories (DLB) : Free Stock Analysis Report
Flex Ltd. (FLEX) : Free Stock Analysis Report
Iridium Communications Inc (IRDM) : Free Stock Analysis Report
American Software, Inc. (AMSWA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research