Tag: Communications Equipment

Marvell Technology, is buying optical components maker Lumentum, in a $115 billion all-stock deal, including debt, as the custom chipmaker looks to challenge larger rival Broadcom,  and take advantage of the AI spending boom.

Nokia Oyj reported a 35% rise in third-quarter comparable operating profit on Thursday, driven by strong demand for network infrastructure used in artificial intelligence and cloud computing, while maintaining its full-year financial outlook. 

Lumentum Holdings Inc. (NASDAQ:LITE) shares rose 4.8% Monday following the company’s addition to the Nasdaq-100 Index.

Shares of Lumentum Holdings Inc rose in premarket U.S. trading on Friday, after the group reportedly said demand from the artificial intelligence industry for its optical components was on track to fill its order book through 2028.

Nvidia (NVDA), opens new tab will invest $2 billion each in photonic product makers Lumentum (LITE), opens new tab and Coherent (COHR), opens new tab to support the companies’ research and development and manufacturing operations in the U.S., the companies said on Monday.

LM Ericsson B ADR (ERIC) reported fourth quarter EPS of $2.57, $2.38 better than the analyst estimate of $0.19. Revenue for the quarter came in at $69.29B versus the consensus estimate of $7.13B.

British defence and security company QinetiQ on Monday warned of delays in short-term contracts being awarded in the U.S. and UK, where new policies are being implemented after recent changes in government.

Nokia plunged to a three-year low after losing out to rival Ericsson on a major contract with telecom juggernaut AT&T over the rollout of an open-radio access network (Open RAN) in the U.S.

Cisco Earnings Weigh on Arista, Juniper Stocks. Why the Reaction Is Overdone.

Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.

People flocked to a flagship Apple store in downtown Beijing on Friday morning to pick up the latest iPhone, despite market worries that nationalistic fervor would dampen the U.S. company’s sales in China.