Verizon Communications Inc. VZ has formed a new business unit — Robotics Business Technology — to develop enterprise-grade solutions for aerial and ground robotics.The unit will provide comprehensive solutions that leverage Verizon’s 5G and mobile edge compute capabilities. Robotics Business Technology comprises Skyward, Verizon’s drone management company. In April 2017, Verizon acquired Skyward to streamline drone operations.It also comprises incubed IT, a leading software developer for autonomous mobile robots, which was acquired by Verizon in February 2021. A dedicated team will work on automating command and control of robots on Verizon’s 5G Ultra Wideband network.The unit is part of Verizon’s New Business Incubation, which works to accelerate the mutually beneficial relationship between humans and machines through platforms that support the fourth industrial revolution.The solutions from Robotics Business Technology will allow firms to efficiently deploy and manage drones and ground robots. With the help of advanced machines, they can gather data, monitor infrastructure and automate logistics operations.The unit will provide connected robotics solutions to customers for indoor and outdoor use cases in manufacturing, construction, logistics and utilities, among others.Verizon’s disciplined network strategy for long-term sustainable growth is noteworthy. It aims to provide 5G Ultra Wideband service using C-band to 100 million people by the end of first-quarter 2022.Verizon’s shares have inched up 3% in the past year compared with the industry’s growth of 6.8%.Image Source: Zacks Investment ResearchThe stock currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader industry are Cogent Communications Holdings, Inc. CCOI, Motorola Solutions, Inc. MSI and Ooma, Inc. OOMA, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Cogent has a trailing four-quarter earnings surprise of 29%, on average.Motorola has a trailing four-quarter earnings surprise of 11.6%, on average.Ooma has a trailing four-quarter earnings surprise of 65.5%, on average. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Verizon Communications Inc. (VZ): Free Stock Analysis Report Motorola Solutions, Inc. (MSI): Free Stock Analysis Report Cogent Communications Holdings, Inc. (CCOI): Free Stock Analysis Report Ooma, Inc. (OOMA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research