Itron Boosts Intelligent Connectivity Solutions With Verizon's eSIM Tech

Core Insights - Itron, Inc. has partnered with Verizon Communications to integrate Verizon's eSIM technology into Itron's Intelligent Connectivity platform, enhancing cellular connectivity for utilities and improving operational efficiency [1][3][4] Company Overview - Itron is a technology and services company based in Liberty Lake, WA, recognized as a leading global supplier of various meters and communication systems for the utility and municipal sectors [5] Partnership Details - The collaboration aims to provide an eSIM solution that adheres to global mobile standards, ensuring reliable network performance and facilitating remote management for utilities [3][4] Financial Performance - Itron's Networked Solutions segment contributed 67.7% to total revenues of $416.7 million in Q3 2024, reflecting an 8% year-over-year increase driven by new initiatives and ongoing deployments [6] Market Position - The partnership with Verizon positions Itron to meet the increasing demand for advanced communication technologies in the utility sector, potentially enhancing its long-term financial performance [4] Stock Performance - Itron currently holds a Zacks Rank 2 (Buy), with shares increasing by 85.9% over the past year, outperforming the sub-industry growth of 23.2% [7]