HELSINKI, Nov. 4 - Nokia's Board of Directors has announced its decision to apply for the delisting of its shares from the regulated market of Euronext Paris. The shares were initially listed in Paris in November 2015.This move follows a comprehensive review of the trading volume, costs, and administrative requirements associated with the Paris listing. Nokia's primary listing will remain on Nasdaq Helsinki, and its American Depositary Receipts (ADRs) will continue to be traded on the New York Stock Exchang ...

Adtran Holdings (Nasdaq: ADTN) November 4, 2025 Investor presentation Cautionary note regarding forward-looking statements This investor presentation contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among other things, statements and graphics reflecting the Company's beliefs and expectations relating to future customer spending and market trends; future fiber and cloud ...

Core Insights - Marvell Technology Inc. announced a $5 billion share repurchase program, which, along with the remaining $1.7 billion from its existing plan, totals nearly 10% of its outstanding stock [2][3] - Analysts express optimism regarding the company's prospects for 2026 and 2027, with BofA Securities raising the price target from $78 to $88 and maintaining a Neutral rating, while JPMorgan maintains an Overweight rating with a price target of $120 [5] Company Performance - Despite the positive news regarding the buyback, Marvell's shares declined by 2.10% to $78.41 during early trading [3] - The company's AI business growth is reported to underperform compared to peers, with expectations for broad-based growth in AI, datacenter, and cyclical end markets in 2026 [6] Market Opportunities - Marvell has various segments such as storage, switching, AECs, NICs, and other AI assets, each representing a total addressable market (TAM) of over $1 billion [3] - The datacenter segment, including AI, is expected to grow in line with overall capital expenditure spending in 2026, with accelerating revenue growth anticipated in 2027 and 2028 [6] - AI custom ASIC revenues are projected to grow at least 18%-20% in 2026, and the optical networking business is expanding into scale-up networking [6]

Core Insights - Nokia's stock has increased by 11% over the past month, outperforming the S&P 500's 2% rise, driven by a multi-year 5G automation deal with AT&T and the EU's approval of its $2.3 billion acquisition of Infinera [2] - The company reported Q2 2025 revenue of €4.93 billion ($5.8 billion), a 1.8% year-over-year increase, and a net profit of €96 million, marking a return to profitability [3] - Nokia has reduced its operating profit guidance for 2025 to €1.6 billion–€2.1 billion, down from €1.9 billion–€2.4 billion, due to a weaker U.S. dollar and tariff-related costs [4] - Currently trading at approximately $4.60 per share, Nokia's valuation is around 15× consensus 2025 earnings, which is a premium compared to Ericsson's ~13× forward earnings [5] - Despite short-term financial challenges, Nokia's strategic successes and investor confidence may support its stock momentum [6] Financial Performance - Nokia's Q2 2025 revenue was €4.93 billion ($5.8 billion), reflecting a 1.8% increase year-over-year [3] - The net profit for Q2 2025 was €96 million, indicating a return to profitability after a loss in the previous year [3] - Operating profit guidance for 2025 has been cut to €1.6 billion–€2.1 billion, down from €1.9 billion–€2.4 billion, due to external economic pressures [4] Market Position and Valuation - Nokia's stock is currently valued at approximately $4.60 per share, translating to around 15× consensus 2025 earnings, which is higher than Ericsson's valuation [5] - The company is experiencing mixed fundamentals, with modest revenue growth and margin pressures, despite recent stock rallies [5] Strategic Developments - The appointment of Justin Hotard as CEO signals Nokia's commitment to AI infrastructure and data centers [4] - Recent strategic wins, including the AT&T deal and Infinera acquisition, enhance Nokia's market presence and capabilities in optical networking [2]