Frontier Communications Corp (NASDAQ: FTR) is having an overwhelmingly strong day in the market today, and for good reason. The company announced the release of a new service, opening a new stream of revenue and leading to excitement among investors. Today, we’ll talk about the news, what we’re seeing from the stock, and what we’ll be watching for with regard to FTR ahead.
FTR Gains On The Launch Of A New Service
As mentioned above, Frontier Communications is having a strong day in the market today after announcing the launch of a service known as Total360 Business Continuity & Disaster Recovery Service. In the release, FTR said that the new service is powered by Datto.
According to the release, Total360 is designed to convert data directly from servers into virtual machine-readable files. These files can then be recovered from a web interface, hypervisor or virtual machine monitor. Essentially, FTR has created a innovative form of data storage that allows for instant on-site or off-site recovery, helping to reduce organizational downtime in the case of a digital or physical disruption or disaster. In a statement, Ken Arndt, Executive Vice President at Frontier Communications, had the following to offer: