Advanced Micro Devices, Inc. (NASDAQ:AMD) and Saguna collaborate to create scalable and economical Mobile Edge Computing (MEC) platforms for powering time-sensitive and bandwidth-intensive Internet of Things (IoT) and mobile data and video applications.
With the advent of IoT and the need to connect increasing numbers of connected devices, mobile networks face a tough scalability challenge. The need to secure the large volumes of data and content generated by these connected devices exacerbates the situation.
Addressing these challenges, AMD and Saguna are working to help mobile operators and system integrators transform the centric mobile network architecture with distributed edge computing operating inside the Radio Access Network (RAN), in close proximity to the end user or thing. The pre-integrated platform design enables network vendors and system integrators to scale and secure mobile networks while creating a flexible MEC design that reduces time-to-market for developing and deploying new MEC services. The joint initiatives are based on Saguna Open-RAN MEC platform running on the high-performance AMD Embedded R-Series processor (codenamed “Merlin Falcon”).
The AMD R-Series is a system-on-chip (SOC) that combines GPU and CPU processing resources that can simultaneously execute IPSec security, control, and data processing. By packaging these capabilities in low-power processing architecture and bringing them to the edge of mobile networks, AMD processing can dramatically improve performance and increase security while helping reduce operating costs.
The Saguna Open-RAN MEC platform creates an open ecosystem and long-term growth engine inside the mobile RAN. The ETSI MEC standard-based solution enables mobile operators to quickly and effectively deploy new revenue generating services for content delivery, Internet-of-things (IoT) connectivity, retail and enterprise applications and more. With fully virtualized software architecture, Saguna Open-RAN reduces CAPEX and OPEX promoting the adoption network function virtualization (NFV).
“As the number of mobile, connected devices continues to expand, AMD is thrilled to be working with Saguna to deliver secure, low-power platforms for Mobile Edge Computing,” said Dilip Ramachandran, senior director of communications and networking, AMD Enterprise Solutions. “By working with Saguna, our customers can confidently scale the delivery of their services as their business and their customers’ demands grow.”
“We are very excited to collaborate with AMD to accelerate the growth of the MEC ecosystem. Our joint initiatives will expand community of mobile operators, system integrators and application developers, which can bring to market new MEC services and applications” said Ofer Talmor, Saguna’s VP Products. “As MEC becomes a market standard, Saguna emerges as the most practical and advanced solution in the market today offering mobile operators the fastest track to a profitable high-performance network.” (Original Source)
Shares of Advanced Micro Devices closed yesterday at $1.90. AMD has a 1-year high of $3.23 and a 1-year low of $1.61. The stock’s 50-day moving average is $2.32 and its 200-day moving average is $2.09.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on January 20, Credit Suisse analyst John Pitzer maintained a Sell rating on AMD. Separately, on the same day, Deutsche Bank’s Ross Seymore maintained a Hold rating on the stock and has a price target of $2.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, John Pitzer and Ross Seymore have a total average return of 14.6% and 13.1% respectively. Pitzer has a success rate of 59.8% and is ranked #73 out of 3560 analysts, while Seymore has a success rate of 54.5% and is ranked #84.
Overall, 2 research analysts have rated the stock with a Sell rating, 4 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $2.70 which is 42.1% above where the stock closed yesterday.
Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.
