Time New York: Mon 20 May 04:41 am  |  Save 15% on H&R Block Online


Amdocs, Fortinet, Versa Join Forces for Secure Orchestration


Amdocs DOX recently announced that it is joining forces with cyber-security solutions provider Fortinet FTNT and software solution provider Versa Networks to develop a multi-domain orchestration solution.

Amdocs NFV (Network Function Virtualization) orchestration solution will include Fortinet Security Fabric and Versa Networks’ SD-WAN platform, allowing service providers to enable enterprise customers to securely spin up and spin down virtual network functions across customer premises, data centers and the cloud. With this solution, service providers can quickly roll out and monetize their managed SD-WAN and security services, while reducing costs.

With the partnership, Amdocs and its partners aim to transform service providers from the currently available proprietary hardware networks to open software-centric networks that take maximum advantage of cloud and IT technologies.

Amdocs Strengthens Position in NFV Market

The company’s NFV area is witnessing positive developments, which will ultimately aid its growth. Amdocs recently signed a deal with Comcast CMCSA on the latter’s SD-WAN offering, which will leverage its leading energy portfolio, bringing orchestration, fulfilment and automation capabilities to service providers.

The numbers of global service providers that are evaluating NFV are also on the rise. Per Global Market Insights, the NFV market is projected to surpass a valuation of $70 billion by 2024.

Moreover, MarketsandMarkets forecast for the global Software Defined Networking market says that it is expected to witness a CAGR of 71.4% by 2022. Amdocs’ constant efforts to enhance its capabilities on this front is likely to help it cash in on this opportunity.

Strategic Partnerships Drive Growth

Amdocs continues to expand its global client base by signing long-term contracts and collaborating with major industry players worldwide. The company’s key transformation projects include those with global service providers like T-Mobile TMUS, Altice and DISH in North America; British Telecom, Orange in Europe; América Móvil, Airtel, Telefónica, SingTel and Globe in the rest of the world.

During its last reported quarter, the company rolled out automated operation capabilities for Vodafone India. It also partnered with Telstra in Australia over next generation OSS platform for its B2B line of business.

Amdocs’ recent partnership with Amazon Web Service to deliver cloud-based omni-channel routing and interaction management for Globe Telecom in the Philippines reflects its domain expertise necessary to move communication in media companies into the cloud environment. Such deals are expected to boost the company’s top line.

Amdocs Limited Revenue (TTM)

Amdocs Limited Revenue (TTM) | Amdocs Limited Quote

Amdocs currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 – 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>

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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.