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Fly News Breaks for March 3, 2016
Mar 3, 2016 | 14:43 EDT
Northland analyst Tim Savageaux attributes Ciena's (CIEN) mixed quarterly report and guidance to company-specific market share and execution issues, but also believes they are addressable. Savageaux noted that the company cited increased competitive activity from Alcatel-Lucent (ALU) prior to its merger with Nokia (NOK) as contributing to its issues in EMEA. The analyst lowered his price target on Ciena to $23 from $25, but called the sharp post-earnings selloff a buying opportunity in its shares as well as the broader optical networking infrastructure group. He maintains his Outperform rating on the stock, citing trough valuation and the fact that it is relatively early in the 100G optical cycle.
News For CIEN;ALU;NOK From the Last 2 Days
Aug 17, 2018 | 09:06 EDT
Verizon (VZ) and Nokia (NOK) continue to advance the development and deployment of 5G technology by achieving the first successful transmission of a 3GPP New Radio, or NR, 5G signal to a receiver situated in a moving vehicle, seamlessly handing off the signal from one radio sector to another. The test took place at Nokia's campus in Murray Hill, New Jersey. It follows the companies' completion of a series of outdoor data sessions over the 5G NR standard, and the successful multi-carrier aggregation to boost those signals into Gbps range, that took place in June. In the test, a data transmission on 28 GHz spectrum was sent from two 5G NR radios on the Nokia building to a vehicle outfitted with a receiver and equipment to measure transmission statistics. The vehicle traveled between the two radios, achieving 5G NR Layer 3 3GPP-compliant mobility handoff of the signal between the two sectors.
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