SONY Launches Latest Version of Creators Cloud Platform – February 24, 2023
SONY Corporation‘S (SONY – Free Report) subsidiary Sony Electronics recently launched the next generation of its Creators’ Cloud platform specifically for individual content creators and small content teams. The company launched Creators’ Cloud in September 2022, but it was primarily intended for professional and enterprise users.
Following the launch of the Creators’ App, the next version of the Creators’ Cloud platform will include features such as portability of content from a select Sony camera to a smartphone, as well as uploading content from the smartphone to the Creators’ Cloud. It also includes a feature that allows users to view content both on smartphone and in the cloud through the Creators’ App viewer.
By using the Creators’ App, developers and creators can remotely connect, control and select Sony cameras.
Sony’s Creators’ Cloud platform features a cloud storage facility as well as Ci Media Cloud to encourage collaborative media workflows and a Discover platform to improve connection with colleagues.
Japan-based Sony Corporation designs, manufactures and sells consumer and industrial electronic devices. The company’s products include audio and video equipment, televisions, displays, semiconductors, electronic components, game consoles, computers, computer peripherals and telecommunications equipment.
Sony’s performance benefits from improved sales in the company’s gaming and networking segments. The company now expects to sell more than 19 million units for its PlayStation 5 this year. The continued strength in the Music & Entertainment, Technology and Services segment also bodes well.
The company’s music segment benefited from higher recorded and music publishing sales from paid subscription streaming services. Frequent product launches and strategic collaborations bode well.
Sony currently has a Zacks Rank #1 (Strong Buy). You can see the full list of today’s Zacks #1 Rank stocks can be found here.
Other stocks to consider
Some better-ranked stocks in the broader technology space are Arista Networks (A NET – free report) perion network (PERI – Free report) and pegasystems (PEGA – Free Report), each currently holding a Zacks Rank #1 (Strong Buy). You can see the full list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus estimate for Arista Networks’ earnings in 2023 is $5.76 per share, which is up 11% over the past 60 days. The long-term earnings growth rate is expected to be 14.2%.
Arista Networks earnings beat the Zacks Consensus estimate in all of the last four quarters, averaging 14.2%. ANET shares are up 13.2% over the past year.
The Zacks consensus estimate for Perion’s 2023 earnings is $2.69 per share, which is up 16% over the past 60 days. The long-term earnings growth rate is expected to be 25%.
Perion’s earnings have beaten the Zacks consensus estimate for all of the past four quarters, averaging 31.7%. The PERI share increased by 56.3% in the past year.
The Zacks Consensus estimate for Pegasystems’ 2023 earnings is $1.31 per share, up 111% over the past 60 days.
Pegasystems’ earnings beat the Zacks Consensus estimate in two of the last four quarters, with an average surprise of 11.2%. PEGA shares are down 41.9% over the past year.
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