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Nokia (NOK) to Deploy Optical Backbone for WINDTRE in Italy

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Nokia Corporation (NOK - Free Report) has been selected by WINDTRE to deploy a high-performance optical backbone at the core of its network infrastructure.

Based in Italy, WINDTRE is a telecommunications company that provides integrated mobile, fixed telephony and Internet services.

Nokia’s photonic solution will help WINDTRE address the growing demand for superfast connectivity and deliver high-capacity services to business customers.

Nokia’s solution will help WINDTRE provide next-generation broadband services to consumer and business customers. WINDTRE will benefit from the cost-effective and resilient optical network.

The new backbone will be able to re-route traffic as needed, providing the robustness required in the business-critical part of the infrastructure.

Nokia’s shares have inched up 4.3% in the past six months compared with the industry’s growth of 14.5%.

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Nokia’s coherent technology solutions will provide WINDTRE with a massive capacity that grows as subscriber demand increases.

The solution will leverage Nokia’s fifth-generation PSE-V super-coherent chipset to support programmable line rates up to 600G on a pure photonic infrastructure. The PSE-V powers the next generation of Nokia’s high-capacity transponders, packet-optical switches and subsea terminal platforms.

Nokia is well-poised to benefit from the ongoing technology cycle, given the strength of its end-to-end portfolio. The company has made meaningful progress in its three-phased journey of value creation.

NOK currently has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

SeaChange International, Inc. (SEAC - Free Report) is a better-ranked stock in the broader Zacks Computer and Technology sector that carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its current-year earnings has been revised 10% upward over the past 30 days.

SeaChange International delivered a trailing four-quarter earnings surprise of 37.2%, on average. The stock has returned 34.7% in the past year.

United States Cellular Corporation (USM - Free Report) , carrying a Zacks Rank #2, is another decent pick for investors. The consensus estimate for current-year earnings has been revised 7.3% upward over the past 60 days.

United States Cellular Corporation pulled off a trailing four-quarter earnings surprise of 4.1%, on average. The stock has lost 1.7% in the past year.

Sierra Wireless, Inc. (SWIR - Free Report) carries a Zacks Rank #2. The consensus mark for current-year earnings has been revised 20.5% upward over the past 60 days.

Sierra Wireless pulled off a trailing four-quarter earnings surprise of 34.2%, on average. The stock has lost 6.7% in the past year.