Financial Performance - FedEx reported second-quarter revenue of $23.5 billion, exceeding analyst estimates of $22.79 billion [1] - The company posted adjusted earnings of $4.82 per share, surpassing estimates of $4.11 per share [1] Guidance Update - FedEx raised its fiscal 2026 revenue growth expectation to 5% to 6%, up from the previous guidance of 4% to 6% [2] - The low end of adjusted earnings guidance was increased from a range of $17.20 to $19 per share to a new range of $17.80 to $19 per share, compared to estimates of $18.22 per share [3] Analyst Ratings and Price Targets - B of A Securities raised the price target for FedEx from $285 to $315 while maintaining a Neutral rating [4] - Wells Fargo increased its price target from $290 to $295 with an Equal-Weight rating [4] - Stifel raised its price target from $305 to $328 while maintaining a Buy rating [4] - Jefferies increased its price target from $315 to $326 while maintaining a Buy rating [4] - JP Morgan raised its price target from $285 to $294 while maintaining a Neutral rating [4] - BMO Capital increased its price target from $265 to $290 while maintaining a Market Perform rating [4]

Financial Performance - FedEx reported second-quarter revenue of $23.5 billion, exceeding analyst estimates of $22.79 billion [1] - The company posted adjusted earnings of $4.82 per share, surpassing estimates of $4.11 per share [1] Guidance Update - FedEx raised its fiscal 2026 revenue growth expectation to 5% to 6%, up from the previous guidance of 4% to 6% [2] - The low end of adjusted earnings guidance was increased from a range of $17.20 to $19 per share to a new range of $17.80 to $19 per share, compared to estimates of $18.22 per share [3] Analyst Ratings and Price Targets - B of A Securities raised the price target for FedEx from $285 to $315 while maintaining a Neutral rating [4] - Wells Fargo increased its price target from $290 to $295 with an Equal-Weight rating [4] - Stifel raised its price target from $305 to $328 while maintaining a Buy rating [4] - Jefferies increased its price target from $315 to $326 while maintaining a Buy rating [4] - JP Morgan raised its price target from $285 to $294 while maintaining a Neutral rating [4] - BMO Capital increased its price target from $265 to $290 while maintaining a Market Perform rating [4]

Core Insights - Ribbon Communications reported a year-over-year revenue growth of 2% for Q3 2025, with a year-to-date increase of 6% [2] - The IP Optical Networks segment saw a significant sales increase of 11% year-over-year, particularly in the EMEA and India regions [2] - The introduction of the Acumen AIOps platform marks a strategic innovation aimed at enhancing service providers' operational efficiency [2] Financial Highlights - Q3 2025 GAAP revenue was $215 million, compared to $210 million in Q3 2024 [6] - GAAP net loss for Q3 2025 was $12 million, an improvement from a loss of $13 million in Q3 2024 [6] - Non-GAAP adjusted EBITDA for Q3 2025 was $29 million, slightly down from $30 million in Q3 2024 [6] Business Outlook - For Q4 2025, the company projects revenue between $230 million and $250 million, with a non-GAAP gross margin expected to be in the range of 55% to 56% [3] - Adjusted EBITDA for Q4 2025 is projected to be between $42 million and $48 million [3] Operational Performance - Cash flow from operations for Q3 2025 was $26 million, with a closing cash balance of $77 million, up $14 million from Q2 2025 [2] - The company maintained a net debt leverage ratio of 2.2 times at the end of Q3 2025 [2] Segment Performance - Cloud & Edge sales increased by over 8% year-to-date, with continued growth in sales to Global Service Providers [2] - The company experienced minor impacts from the U.S. Federal Government shutdown, but ongoing voice modernization projects are progressing [2]

Core Insights - Harmonic's cOS virtualized broadband platform is being adopted by Flamingo TV Bonaire to modernize its broadband infrastructure, enhancing high-speed connectivity and network efficiency while facilitating future migration to fiber [1][2][4] Company Overview - Harmonic is a leader in virtualized broadband and video delivery solutions, enabling service providers to deliver high-quality video streaming and gigabit internet services globally [5] - The company has revolutionized broadband networking with the first virtualized broadband solution, allowing flexible deployment of gigabit internet services [5] Product Details - The cOS platform allows Flamingo TV to migrate to a distributed access architecture with minimal disruption, providing a single platform for both DOCSIS 3.1 and future PON services, resulting in reduced hardware needs and significant power and space savings [2][4] - Harmonic's cOS Central offers network analytics that improve real-time visibility and proactive issue resolution, ensuring reliable broadband service availability [3] Market Position - Harmonic's cOS platform supports next-gen broadband services for over 33 million homes worldwide, demonstrating its strong market presence across North America, Europe, Latin America, and Asia [4]