Weatherford (WFRD) announced it has signed an agreement with Amazon Web Services (AMZN), selecting AWS as its preferred cloud provider. Weatherford will migrate and modernize its software and hardware suite, including its Modern Edge Platform and CygNet control system, to AWS. The collaboration will also support the development of next-generation technologies, enhance Weatherford’s Unified Data Model, and improve the WFRD Software Launchpad.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFRD:
- Weatherford price target lowered to $70 from $90 at Citi
- Weatherford management to meet with Piper Sandler
- SLB price target lowered to $44 from $46 at Piper Sandler
- Weatherford price target lowered to $77 from $85 at Barclays
- Weatherford International: Resilience and Strategic Positioning Drive Buy Rating