Nokia Corporation ( NOK Quick Quote NOK - Free Report) recently revealed that Mediacom Communications, one of the prominent cable operators in the United States, has selected Nokia’s XGS-PON (Passive Optical Network) solutions to offer multi-gigabit broadband service in remote rural areas in the country. Mediacom offers broadband services to 3.3 million homes and enterprises across the nation. The company, in collaboration with Nokia, is aiming to reduce the digital divide and connect more people in rural America with high-quality broadband services. Globally, Nokia is the leading provider of XGS-PON systems and equipment. About seven out of every ten fiber-connected homes in the United States reportedly rely on its equipment. This signifies the solid customer foundation Nokia boasts in the country and its partnership with Mediacom will further solidify its presence in the region. Cable operators are increasingly preferring XGS PON and 25G PON technology for the installation of FTTH (Fiber to the Home) solutions. Nokia’s PON solutions are cost-effective, energy efficient and easy to deploy with unmatched scalability for higher return on investment. The Biden administration is committed to ensuring high-speed connectivity for all its citizens. Mediacom’s expansion strategy will be partially funded by state and federal grant projects. Leveraging Nokia's indigenous technology, Mediacom will be able to gain a substantial leap in bandwidth capacity. It will also be able to fulfill current service requirements that can accommodate future service growth and expansion as well. Nokia will also provide chassis-based Optical Line Terminals, which will enable Mediacom to efficiently address the evolving and diverse traffic demands across its network spanning 22 states. This not only enhances performance and resilience but also ensures more efficient utilization of network resources. The successful completion of this initiative will boost Nokia’s credibility in the wireless equipment market and strengthen Mediacom’s position as the leading cable operator in the country. Nokia is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, it is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and Internet of Things. Given the strength of its end-to-end portfolio, Nokia is well-positioned for the ongoing technology cycle. The company’s deal win rate is encouraging, with notable successes in key 5G markets. Its installed base of high-capacity AirScale products, which enable customers to quickly upgrade to 5G, is growing rapidly. The stock has declined 19.4% in the past year compared with the industry’s fall of 12.1%. Image Source: Zacks Investment Research
Nokia currently has a Zacks Rank #3 (Hold).
Stocks to Consider Motorola Solutions, Inc. ( MSI Quick Quote MSI - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 5.62%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 5.58%. You can see . the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here It provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets. Splunk Inc. ( SPLK Quick Quote SPLK - Free Report) , sporting a Zacks Rank #1, delivered an earnings surprise of 154.90%, on average, in the trailing four quarters. In the last reported quarter, it delivered an earnings surprise of 69.05%. Splunk provides software solutions that enable enterprises to gain real-time operational intelligence by harnessing the value of their data. The company's offerings enable users to investigate, monitor, analyze and act on machine data and big data, irrespective of format or source and help in operational decision-making. NVIDIA Corporation ( NVDA Quick Quote NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 9.79%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 29.19%. NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.