If you haven't looked at Nokia (NYSE: NOK) stock lately, you might be surprised. Most consumers remember Nokia as a leading cellphone company that found itself pushed aside by the introduction of the smartphone. However, Nokia has reinvented itself as a telecom equipment company, and the tech stock now trades at its highest levels in more than 10 years. Despite those gains, its long-term growth may have barely begun; here's why. Will AI create the world's first trillionaire? Our team just released a repor ...

For the full year, Cohen said gross margin was 76.8% in 2025, up from 75.2% in 2024. Operating income rose 55% to a record $14.8 million , representing 20.6% of revenue, compared with $9.5 million , or 15.6% , in 2024. Full-year non-GAAP net income was a record $18.4 million , equal to 25.8% of revenue, or $1.09 per diluted share, compared with $13.5 million (or $0.83 per diluted share) in 2024.On a GAAP basis, Cohen reported fourth-quarter net income of $3.6 million and GAAP EPS of $0.21 , up from $0.14 in ...

Financial Data and Key Metrics Changes - RADCOM achieved a record revenue of $71.5 million for 2025, reflecting a 17.2% year-over-year growth, exceeding the guidance of 15%-18% [6][24] - GAAP earnings per share increased by over 65% year-over-year, with net income reaching a record $18.4 million, or $1.09 per diluted share [6][24] - The company reported a gross margin of 76.8% for 2025, up from 75.2% in 2024, and an operating margin of 20.6%, compared to 15.6% in the previous year [24][26] Business Line Data and Key Metrics Changes - In Q4 2025, RADCOM's revenue was $18.9 million, up 16% year-over-year, with a gross margin of 77.6%, the highest since 2018 [22][24] - Operating income for Q4 reached $4.3 million, with an operating margin of 23%, the highest in eight years [22] - R&D expenses for Q4 were $4.9 million, reflecting a 16.2% year-over-year increase, indicating a focus on innovation and product development [23] Market Data and Key Metrics Changes - A GSMA survey indicated that 71% of operators plan to implement agentic AI in 2025, highlighting a significant market opportunity for RADCOM [10] - The demand for AI-driven solutions is reshaping network priorities, with operators increasingly integrating AI across network layers to optimize capacity and efficiency [11] Company Strategy and Development Direction - RADCOM aims to expand its customer base, particularly targeting new Tier 1 customers, to drive the next phase of profitable growth [8] - The company is committed to maintaining a disciplined focus on technology advancement, particularly in 5G service assurance and agentic AI capabilities [9][19] - Strategic partnerships with NVIDIA and ServiceNow are being deepened to enhance product offerings and market presence [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue growth of 8%-12% in 2026, driven by both new business and expansion within the existing customer base [8][19] - The strong balance sheet is viewed as a strategic advantage, allowing continued investment in product innovation and R&D while maintaining profitability [9][20] - The company recognizes the challenges and opportunities presented by AI and is focused on delivering solutions that reduce the total cost of ownership for operators [20] Other Important Information - RADCOM's cash and short-term deposits reached a record $109.9 million, with no debt, reflecting strong cash flow management [6][26] - The board appointed Rami Schwartz as chairman, effective February 2026, to support the company's growth strategy [17][18] Q&A Session Summary Question: How should RADCOM think about capital allocation in 2026, especially regarding M&A? - Management indicated that M&A remains the first priority and is being actively pursued [29] Question: Any changes in the guidance philosophy and assumptions for the 2026 guidance? - Management believes they are in the second half of the sales cycle and set guidance at 8%-12%, assuming closures in the first half of the year [30] Question: What are the key drivers for expanding business with existing customers like AT&T? - Management highlighted that agentic AI and unique datasets are driving opportunities for expansion with existing customers [35] Question: How critical is the agentic AI element for breaking into accounts? - Management stated that both analytic capabilities and agentic AI are important for driving opportunities and expanding customer relationships [37]

Financial Data and Key Metrics Changes - RADCOM achieved a record revenue of $71.5 million for 2025, representing a 17.2% year-over-year growth, exceeding the guidance of 15%-18% [5][22] - GAAP earnings per share increased by over 65% year-over-year, reaching $1.09 per diluted share [5][22] - The company reported a cash and short-term deposit balance of $109.9 million, with no debt, marking the highest in its history [5][24] - Gross margin for the fourth quarter was 77.6%, the highest since 2018, while the full year gross margin was 76.8%, up from 75.2% in 2024 [20][22] Business Line Data and Key Metrics Changes - In Q4 2025, RADCOM's revenue was $18.9 million, up 16% year-over-year, with operating income reaching $4.3 million and an operating margin of 23% [20][22] - R&D expenses for Q4 were $4.9 million, a 16.2% increase year-over-year, reflecting a focus on innovation and collaboration [21] - Sales and marketing expenses for Q4 were $4.2 million, a 1.4% year-over-year increase, indicating ongoing investment in sales capabilities [21] Market Data and Key Metrics Changes - A GSMA survey indicated that 71% of operators plan to implement Agentic AI in 2026, highlighting a significant market opportunity for RADCOM [9] - The demand for AI-driven solutions is reshaping network priorities, with operators increasingly integrating AI across network layers [10] Company Strategy and Development Direction - RADCOM aims to expand its customer base by adding new tier-one customers, which is a key priority for the next phase of profitable growth [6][8] - The company is committed to maintaining a disciplined focus on technology advancement, particularly in 5G service assurance and Agentic AI capabilities [8][18] - Strategic partnerships with NVIDIA and ServiceNow are being deepened to enhance product offerings and market presence [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue growth of 8%-12% in 2026, driven by both new business and expansion within the existing customer base [7][18] - The company highlighted the importance of its strong balance sheet as a strategic advantage, allowing for continued investment in product innovation and R&D [8][18] - Management noted that the gap between AI ambition and data readiness among operators presents a clear opportunity for RADCOM to add value [9] Other Important Information - RADCOM was recognized in the Fast Mode 100 for 2025 and received multiple awards for innovation, reinforcing its competitive differentiation [15][16] - A governance update was provided, with Rami Schwartz appointed as chairman of the board, effective February 8, 2026 [16][17] Q&A Session Summary Question: How should RADCOM think about capital allocation in 2026, especially regarding M&A? - Management indicated that M&A remains the first priority and is being actively pursued [25] Question: What are the key drivers for expanding business with existing customers like AT&T? - Management highlighted that Agentic AI and unique datasets are driving opportunities for expansion with existing customers [26][27] Question: How critical is Agentic AI to breaking into new accounts? - Management stated that both analytic capabilities and Agentic AI are critical for driving opportunities and expanding the customer base [27][28]

Financial Data and Key Metrics Changes - In Q4 2025, Ribbon generated revenues of $227 million, a decrease of 10% from the prior year [14] - For the full year, revenues were $845 million, an increase of 1% or $11 million year-over-year [14] - Adjusted EBITDA for Q4 was $40 million, a $15 million decrease from the prior year [15] - Non-GAAP net income for Q4 was $106 million, a $78 million improvement year-over-year, driven by a tax benefit [16] Business Line Data and Key Metrics Changes - IP Optical Networks revenue in Q4 was $85 million, a 2% decrease versus the prior year, while full year revenue was $333 million, up 1% from 2024 [16] - Cloud and Edge revenue in Q4 was $142 million, down 14% year-over-year, but full year revenues were $511 million, a $6 million increase from 2024 [17] - For the full year, sales to global service providers increased 5% and were 70% of overall sales, while sales to enterprise customers increased 2% year-over-year [8] Market Data and Key Metrics Changes - Sales to U.S. federal agencies were approximately $10 million lower than the fourth quarter of 2024 [7] - EMEA sales were down year-over-year due to reduced sales to Russia, while excluding Russia, sales in EMEA were flat [8] - Sales in the Asia-Pacific region grew 19% year-over-year, significantly driven by business in India [8] Company Strategy and Development Direction - The company aims to drive profitable growth through modernization projects with service providers, governments, and enterprises [21] - There is a focus on integrating voice technologies with AI platforms, particularly through the Acumen AIOps platform [24] - The company is exploring opportunities in high-speed broadband infrastructure, particularly in underserved regions [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism despite a dynamic macro environment, citing a strong backlog and customer base [4] - The company is taking a cautious approach for 2026 due to uncertainties in investment priorities and federal spending [28] - Management expects revenue growth to be back-end loaded in 2026, with significant opportunities anticipated in the second half of the year [43] Other Important Information - The company repurchased approximately 972,000 shares of common stock in Q4 for a total cost of approximately $3.3 million [19] - A deferred tax benefit of approximately $90 million was recognized in Q4, resulting in cash tax savings of $15 million-$20 million per annum [15] Q&A Session Summary Question: Details on new Cloud and Edge bookings - The $50 million of new bookings were from non-Verizon customers, spread across a growing base of about a dozen different customers [32] Question: Clarification on delays affecting revenue - Delays were primarily due to backlog projects and budget issues, with significant impacts from a U.S. customer undergoing restructuring [38][39] Question: Expectations for sequential growth throughout the year - Management indicated that they expect sequential growth throughout the year, with a cautious approach due to current uncertainties [40][41] Question: Federal segment revenue decline - U.S. federal business revenue was approximately $10 million in Q4, down from over $20 million in the prior year [70] Question: Insights on Acumen platform POCs - The company is in deployment with its lead customer and has about a dozen other POCs lined up, focusing on demonstrating OpEx savings [78]

Group 1 - Viavi Solutions Inc. experienced a significant stock price increase, reaching a record high not seen in over two decades, driven by a new corporate restructuring initiative expected to yield annual savings of $30 million [1][3] - During intra-day trading, the stock peaked at $24.95 before closing at $24.70, reflecting a 17.45 percent increase [2] - The company announced a 5 percent reduction in its global workforce, facility rationalization, and asset write-offs to enhance operational efficiencies, with an anticipated expenditure of $32 million for severance payments [3] Group 2 - In the second quarter ending December 2025, Viavi Solutions reported a net loss of $48.1 million, a decline from a net income of $9.1 million in the same period the previous year, despite a 36 percent increase in net revenues to $369.3 million [4] - For the six-month period, the net loss totaled $69.5 million, reversing a net income of $7.3 million from the comparable semester, with revenues rising by 31 percent to $668.4 million [4]

Financial Data and Key Metrics Changes - Net revenue for Q2 was $369.3 million, at the high end of guidance ($360-$370 million), up 23.5% sequentially and 36.4% year-over-year [4] - Operating margin for Q2 was 19.3%, above guidance (17.3%-18.5%), increasing 360 basis points quarter-over-quarter and 440 basis points year-over-year [4] - EPS was $0.22, above guidance ($0.18-$0.20), up $0.07 sequentially and $0.09 year-over-year [5] Business Segment Data and Key Metrics Changes - NSE revenue for Q2 was $291.5 million, at the high end of guidance ($283 million-$293 million), up 45.8% year-over-year due to acquisitions [6] - OSP revenue for Q2 was $77.8 million, slightly above guidance ($77 million), up 9.7% year-over-year, driven by anti-counterfeiting products [7][8] - NSE gross margin was 64.7%, down 10 basis points year-over-year, while operating margin was 15.6%, up from 8.7% year-over-year [7] Market Data and Key Metrics Changes - Strong demand in the data center ecosystem and aerospace and defense sectors contributed to NSE revenue growth [14] - The service provider business remained stable, with some opportunistic demand from cable operators transitioning to new architectures [15] Company Strategy and Development Direction - The company is focusing on operational efficiencies through a restructuring plan, impacting approximately 5% of the workforce, with expected annual savings of about $30 million [10][11] - The strategy includes reinvesting savings into higher growth areas, particularly in data center and aerospace and defense applications [11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong demand from the data center ecosystem and aerospace and defense customers, expecting revenue momentum to persist through 2026 [14][15] - The company anticipates Q3 revenue to be in the range of $386-$400 million, with NSE revenue expected between $304 and $316 million [12] Other Important Information - Total cash and short-term investments at the end of Q2 were $772.1 million, up from $549.1 million in Q1 [8] - The company plans to pay an earnout liability of about $75 million for Inertial Labs due to strong performance [13] Q&A Session Summary Question: Update on NSE business mix - Management indicated a shift towards 45% data center, 40% service provider, and 15% aerospace and defense, with data center growth driving the change [21][22] Question: Visibility on demand and order book - Management confirmed improved visibility on demand, with multi-quarter commitments from major customers [26][27] Question: Impact of restructuring on specific product areas - Restructuring is across multiple functions to enhance efficiency, not targeting specific areas [29][30] Question: Exciting defense and aerospace programs - Key drivers include resilient PNT systems for drones and autonomous systems, with emerging opportunities in data centers for precise timing [35][36] Question: Breakdown of data center business across lab, production, and field - Management does not provide specific breakdowns but noted that lab instruments are driven by R&D CapEx, while production is linked to volume demand [53][55]

Financial Data and Key Metrics Changes - Net revenue for Q2 2026 was $369.3 million, up 23.5% sequentially and 36.4% year-over-year, exceeding guidance of $360-$370 million [4] - Operating margin for Q2 was 19.3%, above the guidance range of 17.3%-18.5%, and increased by 360 basis points quarter-over-quarter and 440 basis points year-over-year [4] - EPS was $0.22, above the guidance range of $0.18-$0.20, and increased by $0.07 sequentially and $0.09 year-over-year [5] Business Segment Data and Key Metrics Changes - NSE revenue for Q2 was $291.5 million, up 45.8% year-over-year, driven by acquisitions and strong demand in the data center ecosystem [5][6] - OSP revenue for Q2 was $77.8 million, up 9.7% year-over-year, primarily due to strength in anti-counterfeiting products [6][7] - NSE gross margin was 64.7%, slightly down year-over-year, while OSP gross margin was 50.8%, up 20 basis points year-over-year [6][7] Market Data and Key Metrics Changes - Strong demand was noted in the data center ecosystem, particularly for lab and production products, driven by AI data center build-outs [15] - Aerospace and defense business saw significant growth, with continued high demand for positioning, navigation, and timing products [15][16] - Service provider business remained stable, with some opportunistic demand from cable operators transitioning to new architectures [16] Company Strategy and Development Direction - The company approved a restructuring plan affecting approximately 5% of the global workforce, expecting to incur about $32 million in charges but aiming for annual savings of $30 million [10][11] - The focus will be on reinvesting savings into higher growth areas, particularly in data center and aerospace and defense sectors [11][30] - The company anticipates continued revenue momentum in the data center ecosystem through 2026, supported by robust bookings [15][17] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing strength of the data center ecosystem and aerospace and defense markets, expecting these trends to continue [15][17] - The company noted improved visibility on demand, with multi-quarter commitments from major customers [26] - Management highlighted the importance of operational efficiency and resource allocation to support growth in strategic areas [30] Other Important Information - Total cash and short-term investments at the end of Q2 were $772.1 million, up from $549.1 million in Q1 [8] - The company did not repurchase any shares during the quarter, prioritizing debt management [10] - The fully diluted share count increased to 233.4 million shares from 224.8 million shares year-over-year [10] Q&A Session Summary Question: Update on NSE business mix across data center, aerospace and defense, and telco - Management indicated a shift towards 45% data center, 40% service provider, and 15% aerospace and defense, reflecting strong growth in data center demand [21][22] Question: Visibility on demand and order backlog - Management confirmed improved visibility on demand, with commitments extending up to three quarters ahead [26] Question: Impact of restructuring on specific product areas - The restructuring is aimed at improving efficiency across multiple functions, not targeting specific areas [29] Question: Exciting defense and aerospace programs - Management highlighted resilient PNT (position, navigation, timing) as a key driver, particularly for drones and autonomous systems [36] Question: Growth in optical domain and data center demand - Management noted strong growth across all segments, particularly driven by advancements in optical technology and increased demand for fiber monitoring [41][45] Question: Breakdown of data center business across lab, production, and field - Management stated that while they do not break down these categories, production is expected to be a significant growth driver linked to volume demands [56][58]

Fiscal Q2 2026 Earnings Call Supplementary Slides January 28, 2026 Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements under Section 27A of the Securities Act of 1934. Forward-looking statements are all statements we make other than those dealing specifically with historical matters. These forward-looking statements include, among other things, financial guidance and our expectations regarding the acquired business. Please refer to the Company's fi ...

Core Viewpoint - Ericsson reported stronger-than-expected fourth-quarter earnings, with an EPS of 27 cents, surpassing the analyst consensus estimate of 23 cents [1] Financial Performance - The company's reported sales for the quarter were 69.3 billion Swedish Krona ($7.37 billion), representing a 5% year-over-year decline but exceeding the consensus revenue estimate of $7.03 billion [2] - Organic sales rose by 6% for the period, excluding the impact of acquisitions, divestments, and foreign currency fluctuations [2] Segment Performance - The Networks division experienced a 6% decline in sales, while the Enterprise segment saw a significant 25% drop, mainly due to the divestment of iconectiv [3] - Cloud Software and Services sales grew by 3%, with a 12% increase in sales across all market areas [4] - Within the Networks segment, organic sales decreased by 4%, with growth in specific regions partially offsetting declines in others [4] Profitability and Cash Position - The adjusted gross margin improved to 48.0% from 46.3% year-over-year, driven by cost-reduction actions and operational efficiency [5] - Adjusted EBIT margin improved to 17.7% from 13.1% year-over-year, and adjusted EBITA margin improved to 18.3% from 14.1% [5] - Free cash flow before M&A was 14.9 billion Swedish Krona, down from 15.8 billion Swedish Krona in the prior-year period [6] - The company's net cash position was 61.2 billion Swedish Krona at year-end 2025 [6] CEO Commentary - CEO Börje Ekholm highlighted that the company achieved organic growth despite a flat RAN market, driven by momentum in mission-critical networks, 5G core, and Enterprise [7]