Nokia (NYSE:NOK) Corporation NOK has collaborated with TOP-IX (TOrino Piemonte Internet eXchange) to provide its 400GE network-powered IP routing platforms. This will enable the North West Italy-based Internet service provider to scale up the capacity of its network services on the back of an augmented geographical footprint.
Per the deal, TOP-IX will install Nokia 7250 Interconnect Router (IXR)-X1 platforms with 400GE network for enhanced network infrastructure, thanks to better network automation and operational capabilities.
Nokia 7250 IXR platforms are based on the Service Router Operating System (SR OS). A scalable OS supports a wide-ranging portfolio of physical and virtualized routers. The latest move is likely to prove highly beneficial for Nokia and TOP-IX to cater to the dynamic preferences of consumers and businesses.
Nokia’s shares have gained 42.4% in the past year compared with the industry’s growth of 12%.
Image Source: Zacks Investment Research
The 7250 (IXR)-X1 platforms have been designed to support emerging 5G technologies such as Multi-access Edge Computing, distributed core and centralized and cloud RAN. The platforms deliver multi-terabit-scale interconnectivity within data centers and across wide-area networks.
With trailblazing network performance and reliability, the offering enables webscale and enterprise networks to address the accretive traffic requirements. Also, they are purpose-built for access and aggregation in mission-critical enterprise applications and fixed-mobile convergence.
The agreement will allow TOP-IX not only to boost its regional interconnection but also upgrade its peering infrastructure, both directly and through alliances across Europe. Apart from seamlessly expanding the regional Internet Exchange Provider’s network capacity, Nokia’s avant-garde technology will secure TOP-IX’s cloud services over the IP routing solution, in turn, maintaining data sovereignty.
Driven by such a positive endeavor, the latest network modernization move is likely to be a win-win for both entities. It will enhance TOP-IX’s network visibility, operational efficiency and time to market and solidify Nokia’s position in the booming 5G era, driven by growing technological innovations and partnerships.
Nokia is well-positioned to benefit from the growing demand for next-generation connectivity. It has made meaningful progress in its three-phased journey of value creation. Its focus on capital allocation and technology leadership in 2021 is likely to help it grow in 2022 and beyond. The Finland-based telecom equipment vendor aims to drive its product roadmaps and cost competitiveness through additional 5G investments. All these factors bode well for its long-term growth.
NOK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearfield (NASDAQ:CLFD), Inc. CLFD is a solid pick for investors, carrying a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 30 days.
Clearfield delivered a trailing four-quarter earnings surprise of 50.8%, on average. CLFD has surged 166.3% in the past year.
Qualcomm Incorporated QCOM carries a Zacks Rank #2 (Buy). The consensus estimate for current-year earnings has been revised 14.1% upward over the past 30 days.
Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. It has gained 12.3% in the past year. QCOM has a long-term earnings growth expectation of 15.3%.
Sierra Wireless (NASDAQ:SWIR), Inc. SWIR also carries a Zacks Rank #2. The consensus estimate for current-year earnings has narrowed from a loss of $1.22 per share to a loss of 97 cents over the past 30 days.
Sierra Wireless delivered a trailing four-quarter earnings surprise of 34.2%, on average. It has gained 7.9% in the past year. SWIR has a long-term earnings growth expectation of 12.5%.
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.
See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>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
QUALCOMM Incorporated (NASDAQ:QCOM): Free Stock Analysis Report
Sierra Wireless, Inc. (SWIR): Free Stock Analysis Report
Nokia Corporation (NOK): Free Stock Analysis Report
Clearfield, Inc. (CLFD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research