Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Teradyne Unit Introduces Fully Integrated 5G Test Solution

Published 12/20/2017, 10:05 PM
Updated 07/09/2023, 06:31 AM

LitePoint, a subsidiary of Teradyne, Inc. (NYSE:TER) , recently launched the industry's first fully-integrated 5G millimeter wave test solution, IQgig-5G. The test solution simplifies design validation for 5G product developers and speeds up product development.

The system works with both 28 GHz and 39 GHz 5G millimeter wave bands and its multiple RF ports streamline measuring signals with both horizontal and vertical polarizations. The test solution also makes RF measurements easier for both conducted and over-the-air.

As the world advances toward 5G millimeter wave spectrum, there is a need to develop and understand the performance of 5G millimeter wave products, spanning from semiconductors to end systems. The test solution presently supports only pre-5G modulation standard but can be upgraded to support 3GPP NR standards. The initial 3GPP ‘5G’ is not expected to be available until 2019 and its widespread commercial usage is not expected before 2020s.

Notably, shares of Teradyne have gained 69.3% year to date, outperforming the 48.3% rally of the industry it belongs to.

5G Millimeter Wave Spectrum

5G millimeter wave spectrum is expected to enhance mobile broadband speeds and support extensive mobile data usage. The spectrum is considered by many organizations and researchers and can be used for high-speed wireless communications to deliver faster, higher-quality video, and multimedia content and services.

The need for high frequency spectrums is on the rise as the new generation of computers and smartphones demand higher data usage. Ted Rappaport, founding director of NYU Wireless, expects mobile data traffic to rise 53% every year in the near future. As more devices support 5G, the need for LitePoint’s test solutions will grow thereby boosting Teradyne’s top line growth.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Teradyne, Inc. Revenue (TTM)

Teradyne, Inc. Revenue (TTM) | Teradyne, Inc. Quote

Our Take

LitePoint is well positioned in the fast-growing wireless testing market. LTE, LTE Advanced and 802.11ac adoption is expected to accelerate and this combined with new standards like NFC testing and fully-integrated 5G millimeter wave test solution will increase the opportunities for the company. Further, a proliferation of reliable, high-bandwidth connections in vehicles over the next five years will be another driver of test intensity as quality and reliability of these connections will be dominant. The company is also set to benefit from new developments in Internet of things. All of these indicate healthy top-line growth.

Zacks Rank & Stocks to Consider

Teradyne has a Zacks Rank #3 (Hold).

Intel Corporation (NASDAQ:INTC) , IPG Photonics Corporation (NASDAQ:IPGP) and NVIDIA Corporation (NASDAQ:NVDA) are some of the better-ranked stocks in the broader technology sector. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth for Intel, IPG Photonics and NVIDIA is currently projected to be 8.4%, 12% and 10.3%, respectively.

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Click here for Zacks' private trades >>



IPG Photonics Corporation (IPGP): Free Stock Analysis Report

Intel Corporation (INTC): Free Stock Analysis Report

NVIDIA Corporation (NVDA): Free Stock Analysis Report

Teradyne, Inc. (TER): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.