Communications Equipment

Senao Networks Inc. announced the launch of its new x86 enterprise server portfolio, spanning data center and edge deployments with NVIDIA RTX GPU support in selected configurations. The portfolio comprises five platforms: the SR810 and SR710 for high-performance enterprise compute, the SR610 for mainstream enterprise compute, and the SE210 and SE110 for edge intelligence. The systems are designed to support generative AI, AI inference, model fine-tuning, data analytics, visualization, and intelligent edge computing workloads. Dr. Bou Lin, President at Senao Networks Inc., said the portfolio provides flexible computing building blocks that let customers deploy AI according to their own performance, security, and infrastructure requirements, from the data center to the edge. The launch expands Senao Networks' enterprise computing offering beyond its networking, security appliance, and manufacturing business, with product details available on the Senao Computing website.

Cisco Systems reported fiscal fourth-quarter product revenue of $13.459 billion, up from $10.886 billion a year earlier, while services revenue was nearly unchanged at $3.793 billion versus $3.787 billion. The August 12 results cover the quarter ended July 25. Services costs fell to $1.160 billion from $1.199 billion, lifting calculated gross margin to 69.4% from 68.3% and producing $45 million more gross profit on just $6 million of incremental sales. Product revenue supplied almost the entire $2.579 billion increase in consolidated quarterly sales, and a 10% decline in quarterly product sales would remove $1.35 billion of revenue, which services would need to grow 35.5% from their current base to offset. At the October 8 closing price of $114.89, Cisco traded at 22.6 times the $5.08 midpoint of management's fiscal 2027 adjusted EPS guidance and 28.5 times the $4.03 midpoint of GAAP guidance, while total product orders grew 35%, or 25% excluding hyperscalers.

Cisco Systems closed fiscal 2026 with $9.3 billion in hyperscaler AI infrastructure orders, about 4.5 times fiscal 2025, and roughly $4 billion in related revenues, and now expects hyperscaler AI revenues to reach $7.5 billion in fiscal 2027. For fiscal 2027, Cisco projects revenues of $72.2-$73.4 billion and non-GAAP earnings of $5.05-$5.11 per share, while for the first quarter of fiscal 2027 it expects revenues between $18 billion and $18.2 billion, non-GAAP earnings of $1.32-$1.34 per share, a non-GAAP gross margin of 65-66% and an operating margin of 35.5-36.5%. In the fourth quarter of fiscal 2026, networking product orders rose 40% year over year, the eighth straight quarter of double-digit growth, and company-wide orders excluding hyperscalers rose 25%. Cisco won three new hyperscaler designs in the quarter, covering a P200 scale-across system, a G200 scale-out system and an optical line system, with fiscal 2026 hyperscaler AI orders about 60% Silicon One-based systems and 40% optics, while Acacia generated more than $1 billion in orders in the last reported quarter. Security revenues increased 14% year over year in the fourth quarter of fiscal 2026, with firewall orders up more than 30% for the second consecutive quarter, and Cisco expects security growth to move from low single digits in fiscal 2026 to high single digits in fiscal 2027 and reach double-digit growth as the year progresses.

Humana shares surged 15% in premarket trading after the health insurer said 95% of its Medicare Advantage members would be enrolled in plans rated four stars or higher in 2027, up sharply from 20% in 2026, well above J.P. Morgan's expected 60% to 70%. Delta Air Lines fell around 3.3% after cutting its annual profit forecast by nearly a quarter at the midpoint as surging fuel costs outweighed strong travel demand. Lumentum rose 3.8% after Chief Executive Michael Hurlston told Bloomberg Television in Tokyo that demand for its optoelectronic components had effectively booked out manufacturing capacity through early 2029, saying the company could not meet approximately 70% of demand for some products through next year and roughly 30% for certain others through 2028; Coherent gained 3.5% in sympathy. American Express fell almost 2% in after-hours trading after the Office of the Comptroller of the Currency imposed a $350 million penalty over compliance failures that let approximately $13 billion of suspected money laundering go undetected between 2014 and 2025. SpaceX gained 3.7% on a deal to acquire a nationwide low-band spectrum portfolio, sending T-Mobile US, Verizon Communications and AT&T down between 5% and 6%, while tower operators American Tower, Crown Castle and SBA Communications advanced between 6% and 10%.

Openreach is deploying Ciena's Waveserver platform, powered by WaveLogic 6 1.6Tb/s coherent technology, as part of its Optical Spectrum Extended Access portfolio. The deployment combines 400G and 800G client traffic over dedicated 1.6Tb/s wavelengths, with a compact 2RU chassis supporting up to 32 400G services, and enables Openreach to introduce national 800G services across the U.K. while providing a pathway to higher speeds. The solution will let Openreach offer wholesale customers tailored, high-capacity network services including connectivity for cable landing stations, data centers and core network nodes. Ciena faces competition from Corning, which announced a long-term partnership with NVIDIA to expand U.S.-based optical connectivity manufacturing capacity by 10 times and increase domestic fiber production capacity by more than 50%, and from Nokia, whose Network Infrastructure unit delivered double-digit growth in second-quarter 2026. Ciena shares have gained 27.3% in the past month, and the Zacks Consensus Estimate for its fiscal 2026 earnings has been revised upward over the past 60 days.

Lumentum chief executive officer Michael Hurlston said the company's components are completely sold out through early 2029, sending shares of optical equipment makers higher. In an interview in Tokyo on Friday, Hurlston said Lumentum cannot meet about 70% of demand for some products through next year and will not be able to address 30% of demand for other products through 2028, according to Bloomberg. Just six months ago, Hurlston said Lumentum was on track to sell out its capacity by 2028. In premarket trading, Lumentum gained 3.76%, Applied Optoelectronics rose 4.83%, Fabrinet advanced 2.35%, Coherent climbed 3.15%, and Lightwave Logic added 1.57%. Lumentum, which received a $2B investment from Nvidia earlier this year along with rival Coherent, supplies advanced indium phosphide devices that help enable high-speed cloud computing and data transmission, and analysts on average expect its sales to more than double this year.

Lumentum's optoelectronic products for AI infrastructure projects are effectively sold out through nearly 2029, according to CEO Michael Hurlston. Hurlston attributed the sold-out capacity to surging demand from technology companies. He discussed the business outlook and global demand for AI in an exclusive interview with Shery Ahn on "Bloomberg: The Asia Trade".

Tianfu Communication released an investor relations activity record announcement, responding to recent rumors about overseas import and export policy restrictions. The company stated that the policies issued so far do not impose constraints on optical device products and do not affect its business. The company said its main business is the research, development, production, and sales of various passive and active optical devices. Its sales revenue from the U.S. market accounts for a relatively low proportion, with North American sales revenue making up about 1.28% of total operating revenue in 2025. Based on current operations, the company's orders on hand and customer demand remain robust overall, and it will advance global capacity expansion in an orderly manner according to market demand and customer project timelines. The company remains optimistic about the long-term prospects of the optical interconnect industry, especially the continued growth opportunities in areas such as CPO and NPO. In addition, the company's FAU and ELS products supporting CPO already have a solid foundation in performance, yield, and delivery assurance, and these products have achieved stable mass production and delivery.

The battle for control of ST Hengxin has flared up again. A proposal by seven shareholders including actual controller Meng Xianmin to convene an extraordinary general meeting has been shelved once more after state-owned ally Ningbo Meishan Bonded Port Area Dongxu Investment Partnership withdrew at the last minute. The board's audit committee received the proposal on September 30, but Dongxu Investment declared the same day that it would no longer act as a proposer. It holds 8.306 million shares, or 1.37 percent. After its withdrawal, the remaining shareholders hold a combined 57.5873 million shares, or 9.52 percent, falling short of the 10 percent threshold required by the Company Law. The board's audit committee therefore declined to review the proposal. This is the second setback for Meng Xianmin within a month. A proposal in mid-September was rejected by the board with zero votes in favor, six against, and one abstention. Previously, due to judicial transfers and auctions, Meng Xianmin had been forced to reduce his holdings by 25.1 million shares, with his stake falling from 10.51 percent to 6.36 percent. The combined stake of the convener camp also shrank from 14.88 percent to 10.90 percent. Meng Xianmin is now losing ground on both the equity and board fronts, while Shunbo Tianyuan Shanghai Enterprise Management Partnership, which took over his auctioned shares, has Hubei Provincial Asset Management and other state-owned forces behind it, becoming a new variable with a 3.98 percent stake.

Calix, Inc. announced that its board of directors increased its existing stock repurchase program authorization by an additional $100 million. The company said the added authorization is intended to give it greater flexibility to continue its disciplined capital allocation approach. Repurchases under the program may be made from time to time through open market purchases, privately negotiated transactions or otherwise, in accordance with Securities and Exchange Commission rules and other applicable legal requirements. Calix said the specific timing, price and size of any purchases will depend on prevailing stock prices, general economic and market conditions and other considerations consistent with its capital allocation strategy. The program does not obligate Calix to buy any dollar amount or number of shares and may be suspended or discontinued at any time.

Arista Networks has unveiled a new open Ethernet rack-scale portfolio designed to support high-density artificial intelligence infrastructure across both scale-up and scale-out environments, developed with AMD, Arm, Broadcom, d-Matrix, Meta, Microsoft and Qualcomm. The company's Etherlink SU-14 architecture extends Ethernet into scale-up environments, supporting up to 144 accelerators in a single rack and up to 1,024 XPUs through cross-rack configurations. For scale-out AI environments, the rack-scale solutions support technologies such as ESUN, NVIDIA's NVLink, NVLink Fusion and PCIe, built on Arista's Netdi foundation using Ultra Ethernet Consortium standards. The rack designs integrate liquid-cooled 7060EX7 switches with up to 102.4 Tbps of capacity per switch, and the company's next-generation optics, including XPO and open CPO/NPO, can raise networking capacity from 1.6 Pb/s to 6.5 Pb/s per rack compared with current OSFP-based switches. Arista faces competition from Cisco Systems, which is expanding its AI infrastructure business through its Secure AI Factory with NVIDIA, and from NVIDIA, which is advancing its Vera Rubin platform and developing Spectrum-6 Ethernet.

Sercomm is making its RDK Video Accelerator set-top box, built on the Broadcom BCM74116, available as reference hardware for application developers and as a YouTube reference device. The company said the device, developed in collaboration with Broadcom, is designed for application development, validation and testing on RDK and provides a high-performance foundation for next-generation video entertainment, interactive TV, cloud gaming and AI-enabled services. Sercomm Chief Commercial Officer Daniel Whalen said the dedicated open environment is intended to accelerate application validation and smooth the path to deployment on RDK-based consumer devices, with the set-top box combining LPDDR5 memory, edge AI capabilities and the latest Wi-Fi and Bluetooth technologies. Broadcom's Lewis Brewster, Vice President of Marketing for Wireless Broadband Communication, said the Sercomm 74116 platform is a highly integrated 4K streaming receiver with Wi-Fi 7 and Bluetooth 6.0 antennas, a neural processing unit for edge AI, Matter and Thread compatibility, Post-Quantum Cryptography, intelligent super scaling, multi-view displays and both Standard Dynamic Range and High Dynamic Range video and graphics. RDK President and General Manager Jason Briggs said making the device available as reference hardware is a natural extension of Sercomm's long-standing membership in the RDK community and removes a real barrier for developers who want to build, test and validate applications on RDK.

Tianfu Communication announced that on October 8, 2026, it granted 2.2769 million Class II restricted shares to 740 incentive recipients at a grant price of 119.5 yuan per share, representing 0.2087% of the company's total share capital. The grant conditions for this incentive plan have been met. Due to the departure of five incentive recipients, the number of grantees was adjusted from 745 to 740, and the number of granted shares was adjusted from 2.2887 million to 2.2769 million. The total estimated equity expense for the grant is 346 million yuan, which will be recognized in installments from 2026 to 2030. The performance assessment targets require net profit growth in 2027, 2028, and 2029 compared with 2025 to be no less than 150%, 400%, and 700%, respectively.

Nokia Oyj has agreed a new partnership with Finnish satellite company ICEYE to build secure LEO broadband systems for governments. The collaboration targets sovereign and defense satellite communications services, focusing on secure, high-performance connectivity for public sector clients. Separately, Nokia is discontinuing its joint MoCA-based broadband offering with InCoax, citing limited market interest in that technology partnership. The ICEYE government LEO alliance and the MoCA exit capture only one part of how the group is reshaping its portfolio. Nokia Oyj is a €53.8b communications group that supplies mobile, fixed, and cloud network solutions across regions from North and Latin America to Asia and the Middle East. The clearest marker ahead will be whether Nokia and ICEYE convert the 2028 LEO launch plan into signed multi-year government contracts over the next 12 to 24 months.

Arista Networks announced a new open Ethernet rack-scale portfolio for AI infrastructure, targeting high-density data center deployments. The portfolio is designed for scale-up and scale-out AI networking, with advanced resiliency features and liquid-cooled rack architectures supporting up to 144 accelerators. Arista is collaborating with major hardware and cloud partners on these rack-scale Ethernet solutions, using open standards-based designs. The launch deepens Arista's bet on open Ethernet AI fabrics, EOS software and merchant silicon as AI networking shifts away from proprietary systems. The clearest checkpoint for investors is how much of Arista's at least US$3.5b to US$3.6b guided AI fabrics revenue for 2026 actually comes from these rack-scale Ethernet platforms and related ESUN based offerings by 2028.

Cisco introduced a broad set of agentic collaboration innovations at WebexOne 2026, spanning how people work, how the workplace adapts, and how businesses engage customers. On the Webex side, the company said Claude Managed Agents will soon let teams turn shared context into deeper analysis and coordinated multi-step action, while collaborative AI agents can be invited directly into spaces, meetings and calls, and an OpenAI dots integration brings Webex context into dots with dots later available inside Webex as an always-on personal agent. For the workplace, Cisco is unifying secure networking, collaboration devices, digital experience assurance and physical spaces into a single architecture managed through Cisco Cloud Control, adding Workplace Designer visual planning, Experience Metrics extended into the workplace, and Workplace Insights for space and capacity planning. Cisco also announced RoomOS 27, available in November, which adds native support for fully featured Google Meet through a new partnership with Google alongside Webex, Microsoft Teams and Zoom, an AI Assistant on Collaboration Devices that can engage in 32 languages, and new management tools including Workspace Advisor, Smart Room Assurance, Divisible Rooms, and Splunk and agent integrations. For customer experience, Cisco introduced Dialog, an all-new agentic harness for the Webex AI Agent platform that supports long-horizon execution, persistent relationship context, self-learning with every interaction and rapid onboarding, with Webex AI Agents operating within safety guardrails from Cisco AI Defense and observability powered by Splunk. Cisco also launched Ceiling Speaker Pro, an IP-connected meeting room speaker that replaces multi-vendor audio setups with a single Ethernet cable.

ClearBridge Investments named Arista Networks as a leading contributor in its third-quarter 2026 commentary for its Large Cap Growth Strategy, citing solid execution and new customer scaling. The firm said Arista was a positive outlier among AI infrastructure names and raised full-year guidance in its latest update, easing concerns created by earlier supply constraints and uneven revenue trends. Arista Networks closed at $215.36 per share on October 6, 2026, returning 11.63% over the past month and 64.36% over the past year, with a market capitalization of $271.62 billion and a 52-week range of $114.52 to $216.07. The ClearBridge Large Cap Growth Strategy outperformed its Russell 1000 Growth Index benchmark, which gained 0.9%, while the Russell 1000 Value Index rose 2.6%. According to the firm's database, 91 hedge fund portfolios held Arista Networks at the end of the second quarter, up from 85 in the previous quarter.

Cisco Systems has added Quantum XChange's post quantum cryptography solution to the Cisco Networking App Marketplace, offering quantum safe key management that plugs directly into Cisco networking equipment. The company said this is the first FIPS validated post quantum cryptography product available through its marketplace. The integration lines up with Cisco's push to embed more security functions inside the network itself and with its focus on secure AI infrastructure, including projects such as the Bell Canada sovereign AI platform for regulated workloads. The key proof point going forward is customer adoption of Cisco's quantum safe and AI security offerings, particularly in government and regulated sectors, with upcoming quarterly reports and customer case studies as the places to watch for references to quantum resistant deployments on existing Cisco hardware and to new deals tied to sovereign or high sensitivity AI projects.

Arista Networks announced its open Ethernet rack-scale portfolio for high-density scale-up and scale-out AI infrastructure, engineered in partnership with AMD, Arm, Broadcom, d-Matrix, Meta, Microsoft, and Qualcomm. The offering introduces Etherlink SU-144, an Ethernet-based scale-up architecture that expands unified computing domains up to 144 accelerators in a single-hop network and scales to 1,024 XPUs through cross-rack topologies, across three physical form factors: an orthogonal chassis, a cabled backplane, and a cross-rack system. The scale-out fabric, built on a common Netdi foundation, supports scale-up protocols including ESUN, Nvidia's NVLink, NVLink Fusion, and PCIe, and incorporates Ultra Ethernet Consortium standards, Multipath Reliable Connection fabric resiliency, multi-plane routing, and Dynamic and Cluster Load Balancing. Rack designs feature multiple liquid-cooled 7060EX7 switches with 102.4 Tbps capacity per switch, fiber patch panels, integrated liquid-cooling manifolds, drip trays with active leak detection, rack management controllers, and power shelves with Backup Battery Units. Full integration of switches, optics, liquid cooling, and rack control with next-generation optics such as XPO and open CPO/NPO raises rack capacity from 1.6 Pb/s with today's OSFP-based switches to 6.5 Pb/s, translating to nearly a 50% reduction in overall data center footprint.

Lantronix President and CEO Saleel Awsare will attend the Association of the U.S. Army 2026 Annual Meeting and Exposition in Washington, D.C., from Oct. 12 to 14, where he will hold meetings with investors, defense customers and partners. The company said its unmanned systems business grew from a minimal contribution in fiscal 2025 to $12.6 million in revenue in fiscal 2026. Lantronix also cited the recent Blue UAS Framework listing of its Open-Q 8550CS System-on-Module, which expands access to U.S. defense and government programs, and demand tied to the Department of War's $1.1 billion Drone Dominance Program as well as European and beyond-visual-line-of-sight markets. The company reported more than 30 active engagements across defense, commercial, public safety and counter-UAS, with customers and partners including Sightline, AVT Australia, Swarmer and Unusual Machines. Awsare said customer demand is moving Lantronix up the value chain toward integrated edge AI for autonomous systems.

Ciena Corp. rebounded as much as 14.3 percent in intraday trading on Tuesday to $445.36 apiece, helped by peer Marvell Technology's growth outlook for the optical interconnects sector. At its recent Investor Day, Marvell said it expects the industry to grow by 60 to 70 percent to about $65 billion through 2030, with switching and storage alone reaching $85 billion, or a compounded annual growth rate of 40 percent. Those figures were markedly higher than Ciena's own 30 percent growth outlook for its business by 2029. Bernstein initiated coverage with an outperform rating and a $440 price target, acknowledging near-term supply constraints but calling the stock undervalued, while Evercore maintained an outperform rating and a $550 price target, citing optimism that Ciena can achieve more than $25 in earnings per share. Hedge fund holders in Ciena rose to 81 in the second quarter from 73 in the first, with combined holdings up 2 percent to $3.997 billion from $3.913 billion quarter-on-quarter.

Digi International announced the launch of the Digi EX60, a new indoor enterprise 5G router designed to make 5G a primary broadband option for branch offices, retail locations and distributed enterprises. The platform delivers 5G as either a primary connection or automatic failover for an existing wired link, with Dual SIM Dual Standby capability enabling failover up to 10x faster than traditional approaches. Digi EX60 is built around 3GPP Release 17 5G enhanced mobile broadband and carrier aggregation, with a 2.5 GbE WAN port, Wi-Fi 7, and a single-box architecture combining router, switch, Wi-Fi access point and edge computing. Centralized management runs through Digi Remote Manager, which includes a Model Context Protocol server for connecting an AI assistant of choice and Digi Remote Reach for single-click access to devices behind the router with no VPN, cloud proxy or added cost. Digi Artificial Network Intelligence, a purpose-built AI agent available as a value-added service, lets operators ask questions in plain language and identify potential issues before they cause downtime. Digi EX60, model EX60-5B-1N, is available beginning October 6, 2026, through Digi global sales channels and authorized partners as part of Digi 360, and at launch supports AT&T, Verizon and T-Mobile networks.

Nokia CEO Justin Hotard said the tech industry could build data centers twice as fast if not for supply constraints, telling CNBC that continued demand signals the AI buildout is still in its early days. "If we could build 2x faster, our customers could build 2x faster, they probably would," Hotard said, adding that he does not believe the industry is overbuilding. Nokia, one of the world's biggest telecommunications equipment makers, has pivoted into the AI infrastructure space, and its stock is up around 130% over the past year. Investments in the AI buildout, from data centers to chips and related infrastructure, will total $10.3 trillion from 2025 to 2032, an average of 3.63% of U.S. gross domestic product per year, according to research presented at the Brookings Papers on Economic Activity. Hotard said demand is not solely dependent on frontier labs like Anthropic and OpenAI releasing new models, arguing that even without another frontier model in the next three years, deploying existing technology could yield tremendous progress.

Aurora Networks, a business of Vistance Networks, has secured Europe's first large-scale unified DOCSIS 4.0 deployment with Ziggo, alongside Comcast field trials, the company said after showcasing an expanded DOCSIS 4.0 and 50G PON portfolio at SCTE TechExpo26 in Atlanta. The Ziggo rollout uses Aurora's DAA, vCCAP Evo and ServAssure NXT, and is described as the first large-scale unified DOCSIS 4.0 deployment in Europe. Vistance Networks' narrative projects $2.4 billion in revenue and $89.6 million in earnings by 2029, requiring 7.6% yearly revenue growth and an earnings decrease of $165.8 million from $255.4 million today. That forecast yields a $23.12 fair value, a 273% upside to the current price. Some analysts are more optimistic, assuming revenue could reach about US$2.5 billion with earnings near US$79 million, while warning that intense hardware commoditization might squeeze margins.

The Practical Solution Public Company Limited, or TPS, has launched "TALLI," an artificial intelligence platform developed by a Thai team to meet enterprise use cases. Boonsom Kijkasetsthaporn, an executive at TPS, said TALLI boosts operational efficiency within organizations, letting users access data conveniently, quickly, and accurately under the access rights, usage scope, and governance rules set by each organization. The launch marks another important step for TPS in leveraging its IT expertise to expand into new solutions and broaden its customer base. Meanwhile, the outlook for third-quarter 2026 earnings remains positive, driven by the gradual recognition of revenue from its backlog, which currently stands at approximately 1.784 billion baht and will be recognized according to plan. TPS continues to pursue bids and develop new solutions amid rising demand for digital and AI technology in the business sector.

The Practical Solution Public Company Limited, or TPS, has launched the TALLI platform, a fully Thai-built AI platform developed from the company's IT expertise. Boonsom Kijkasetsthaporn said TALLI will boost operational efficiency within client organizations, giving them convenient, fast, accurate and correct access to data within defined permissions, scope and governance. The company sees the launch as an opportunity to expand its core business and a positive signal for its third-quarter 2026 performance. The company currently has a backlog awaiting revenue recognition of 1.784 billion baht.

Viasat Inc., through its subsidiary Inmarsat Government, Inc., was awarded the U.S. Space Force's MECS2 contract in September 2026, securing an initial US$42 million task order under a seven-year Indefinite Delivery/Indefinite Quantity agreement with a ceiling of up to US$307 million to provide fully managed global SATCOM services for the U.S. Marine Corps. The award deepens Viasat's role in secure, multi-orbit government communications and highlights the importance of its ViaSat-3-enabled Ka-band network and 24x7 managed services capabilities. The company's narrative projects $5.5 billion revenue and $626.3 million earnings by 2029, with forecasts yielding a $103.94 fair value, a 44% upside to its current price. Some of the lowest ranked analysts were far more cautious, assuming only about 3.9 percent annual revenue growth and continued losses. The MECS2 award looks incrementally positive for the investment thesis, reinforcing defense demand and multi-orbit capabilities, but it does not by itself resolve near term pressure from high ViaSat-3 and Inmarsat capex or the risk that broadband subscriber declines keep weighing on revenue quality.

Arista Networks raised its 2026 revenue guidance to US$12.60 billion, including at least US$3.50 billion from AI-related business, after reporting second-quarter fiscal 2026 revenue of US$3.00 billion, a 37.7% year-over-year increase. The higher outlook underscores how AI-driven cloud networking has become a central revenue pillar for the company, shaping its growth mix across hyperscale and enterprise customers. Arista was also added to the S&P 100 in September 2026, a move that reflects its growing weight in large-cap U.S. equity indices just as management ties more of its outlook to AI-related revenue. The company's longer-range narrative projects US$21.4 billion in revenue and US$8.2 billion in earnings by 2029, requiring 26.6% yearly revenue growth and an earnings increase of about US$4.2 billion from US$4.0 billion today. Some of the lowest-ranked analysts had already assumed about US$18.6 billion of 2029 revenue and US$6.9 billion of earnings before this guidance, illustrating how differently Arista's AI exposure and long-term supply commitments can be read.

Harmonic Inc. introduced Recon, a Comcast co-developed network monitoring and measurement family that pairs in-network hardware, handheld tools and cloud software to give broadband operators real-time visibility into fiber performance and fault locations. In parallel, Harmonic's cOS virtualized broadband platform is enabling operators like Lightcurve to deliver multi-gigabit speeds over existing coax. The Recon announcement ties most directly to Harmonic's push around cOS SensAI, since Recon's field data feeds SensAI's intelligence layer for proactive fault detection and remediation. Harmonic's narrative projects $609.8 million revenue and $92.1 million earnings by 2029, requiring 15.3% yearly revenue growth and about an $83.6 million earnings increase from $8.5 million today, while some of the lowest estimate analysts assume revenue of about US$571,000,000 and earnings of roughly US$80,000,000 by 2029.

ALT Telecom Public Company Limited, or ALT, disclosed that it is in negotiations for additional deals with global-tier customers, the Global Hyperscalers, in the fourth quarter of 2026, after signing network and digital infrastructure lease contracts worth a total of approximately 2 billion baht in the third quarter of 2026, with a contract term of 20 years. Preeyaporn Tangpaosak, Managing Director, told the Stock Vision news team that the company targets double-digit growth in revenue in the second half of 2026, driven by recurring revenue recognition from its existing network. The expansion of its large-customer base has raised the value of work awaiting revenue recognition, or backlog, for the group from 5.115 billion baht as of the second quarter of 2026 to approximately 6.9 billion baht in September 2026. The company is also proceeding with bids for smart grid power network systems and AMI smart meter installation work for the Provincial Electricity Authority and the Metropolitan Electricity Authority, as well as government work in security and digital fields, with a combined value of several billion baht. It is also pushing to connect networks in the Eastern Economic Corridor, or EEC, with data centers in Bangkok and overseas, setting a target internal rate of return, or IRR, for new projects of no less than 10 to 15 percent. The company sees three key drivers supporting revenue and profit growth over the next 12 to 18 months: the data center and AI trend, growth in smart meter and smart grid work, and margin expansion from operating leverage.

Calix, Inc. CALX announced the successful completion of a trial of its 50G-PON access solution with Astound, demonstrating a scalable path for broadband providers to expand network capacity without major network overhauls. The trial showed the technology supports downstream speeds of up to 50 gigabits per second, along with flexible upstream capabilities, and lets Astound pursue growth across residential, business, wholesale and multi-tenant markets. The solution can operate alongside existing XGS-PON infrastructure while using the same AXOS-powered operational model, workflows and back-office integrations, allowing providers to add higher-capacity services while preserving existing network and operational investments. Calix said the technology can help operators scale their networks as demand grows for enterprise connectivity, dedicated access, wholesale transport, mobile x-haul and high-density multi-tenant environments.

Ericsson has been selected by Cellnex Poland as one of the suppliers for the modernization and expansion of its Radio Access Network, covering radios, RAN compute modules, microwave links, antennas and enclosures. The deployment is designed to improve network coverage, speeds and reliability across urban and rural areas while reducing site footprint, energy consumption and tower load. Post-deployment, Cellnex will become Ericsson's lead customer for the MINI-LINK 6356 E-band radio, and the project will also feature Ericsson's Transport Automation Controller for microwave backhaul, enabling AI-driven automation and network management. The agreement is particularly relevant to Ericsson's Networks segment, which accounted for 63.8% of the company's 2025 net sales, and comes as Ericsson reported second-quarter 2026 revenues that fell 6% year over year to SEK 52.7 billion, missing the Zacks Consensus Estimate, while adjusted gross margin increased to 48.4%.

Inseego Corp. announced the completion of its acquisition of Nokia's Fixed Wireless Access business, a deal first announced on April 30, 2026. The transaction is expected to approximately double Inseego's revenue and position the company as a global wireless broadband leader, adding indoor, outdoor and millimeter-wave FWA solutions and extending its footprint to carriers across Europe, the Middle East, Asia, Oceania, and the Americas. Under the terms of the acquisition and Nokia's $10 million cash investment in Inseego, also completed today, Nokia received approximately 1.9 million shares of Inseego common stock, representing an approximately 11% ownership interest, plus warrants to purchase up to approximately 0.8 million shares at an exercise price of $4.26 per share. Nokia will also provide a $10 million cash payment to Inseego by October 15, 2026 to support engineering investment in interoperability between Inseego's device OS and cloud platform and certain Nokia technology ecosystems. Approximately 250 people associated with the acquired business will support Inseego's expanded operations, and Inseego has established an international headquarters in Amsterdam and a development center in Athens while expanding its presence in Bangalore.

ICEYE and Nokia announced a partnership to develop secure, sovereign and high-performance broadband low Earth orbit satellite communications systems for governments, supporting missions from defense and border security to emergency services and disaster response. Built on trusted European technology, the jointly developed systems will give nations ownership and control of the satellites, ground segment and terminals, with the first communications satellites expected to be launched in 2028. The systems will deliver targeted, high-throughput, low-latency connectivity over priority mission areas, designed to complement military and commercial networks rather than replace them. The partnership combines ICEYE's track record delivering sovereign satellite missions with Nokia's experience in secure networking technologies and growing defense portfolio, integrating satellites, ground infrastructure and ruggedized end-user terminals. ICEYE CEO and Co-founder Rafal Modrzewski said nations must be able to fully own and control their communications without dependency on a foreign commercial operator's terms of service, while Nokia President and CEO Justin Hotard said sovereign operations depend on secure, resilient connectivity across land, sea, air and space. Modrzewski and Hotard will take the stage at the Helsinki Security Forum on October 2 for a session titled "How to Salvage Europe's Technological Sovereignty."

Bell Canada and Cisco announced a memorandum of understanding in late September 2026 to build a sovereign AI infrastructure platform in Canada, pairing Bell's domestic data centres and networks with Cisco's AI, security, observability, and Sovereign Critical Infrastructure technologies for customers with strict data residency and control needs. The partnership sits alongside Cisco's US$9.3b in hyperscale AI infrastructure orders for FY26 and US$7.5b of expected related FY27 revenue, extending the same AI networking and security capabilities toward government and regulated workloads. Cisco's investment narrative projects $83.4 billion in revenue and $20.1 billion in earnings by 2029, requiring 9.6% yearly revenue growth and a $6.8 billion earnings increase from $13.3 billion today, with a $137.25 fair value estimate implying 28% upside. Some of the most optimistic analysts see Cisco reaching about US$90.6b in revenue and US$23.0b in earnings by 2029, while other fair value estimates put the stock as low as $110.56. The MOU reinforces the AI and regulated-sector demand story but does not materially change the near-term gross margin headwind or the risk that investors reassess Cisco's growth and earnings multiple.

Shares of ALT Telecom, or ALT, rose 3.01% to 1.71 baht at 10:02 a.m. after the company signed a contract for a fiber optic network project along the Bangkok-EEC route linked to data centers, with a total value of approximately 2 billion baht, and it will begin recognizing revenue in the middle of next year. KGI Securities (Thailand) said in an analysis, giving a base target price of 3.0 baht, that it expects ALT to be one of the stocks benefiting from the unlocking of the PDP2026 plan and data centers this October. It also expects that the investment project to replace smart meters to support Thailand's energy transition will be an upside. Currently ALT holds a 40% stake in Energy Max, which operates a smart meter business, while the other 50% is held by PIS, a subsidiary of SKY, and it is expected that in the third quarter of 2026 there is a chance of recording an extraordinary profit from selling Energy Max shares to PIS. It estimates support at 1.65 baht and resistance at 1.71-1.75 baht; if this resistance range is broken, the next resistance is estimated at 1.80-1.90 baht, with a stop loss at 1.60 baht.