Ciena Announces $1 Billion Stock Buyback Through 2027
Ciena has announced a $1 billion share repurchase program, authorized by its Board of Directors, set to begin in fiscal year 2025 and run through the end of fiscal year...
Financials
DIRECTV Snaps Up DISH, EchoStar Focuses on 5G Open RAN
DIRECTV announced plans to acquire DISH, EchoStar's video distribution business, through a debt exchange transaction. The deal aims to create a stronger competitor in the video industry, which streaming services...
AT&T Unloads Remaining 70% Stake in DIRECTV to TPG
AT&T agreed to sell its remaining 70% stake in DIRECTV to TPG in a non-contingent transaction, subject to customary closing conditions. Over the past three years, AT&T has received $19...
Verizon Notes 4,800 Job Cuts, Severance Charge
In an SEC filing, Verizon Communications disclosed several significant items to impact its financial results for the third quarter of 2024. These include a severance charge related to a voluntary...
GSMA Appoints Vivek Badrinath as Next Director
Vivek Badrinath has been appointed Director General and Member of the GSMA Board effective 1stApril 2025. He replaces Mats Granryd, who will step down from his role after MWC Barcelona...
Edgio Files for Chapter 11, Plans to Sell Business to Facilitate Smooth Transition
Edgio (Nasdaq: EGIO), a leader in security, speed, and simplicity for digital infrastructure, has voluntarily filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware to...
EXA Infra Expands in Southeast Europe with Acquisition of GCN
EXA Infrastructure has announced the acquisition of Global Communication Net AD (GCN), a Bulgarian telecommunications company with a 2,500 km fibre-optic network. The deal extends EXA’s network assets into South-Eastern...
Broadcom Reports $13.1B in Q3 Revenue, Continued Growth in AI and VMware
Broadcom Inc. reported third-quarter revenue of $13.1 billion for fiscal year 2024, representing a 47% increase year-over-year, largely driven by the company’s semiconductor solutions and VMware contributions. Excluding VMware, revenue...
Ciena posts Q3 revenue of $942M, down 11.8% YoY
Ciena Corporation (NYSE: CIEN) reported its unaudited financial results for the fiscal third quarter of 2024, noting a significant 11.8% year-over-year revenue decline to $942.3 million, driven by continued challenges...
Credo Credits Rapid AI Infrastructure Rollouts for Revenue Surge
Credo (Nasdaq: CRDO) reported strong financial results for the first quarter of fiscal year 2025, showing significant revenue growth driven by increased demand for AI infrastructure deployments. The company achieved...
HPE Delivers Strong Q3 with AI-Driven Revenue Growth
Hewlett Packard Enterprise (HPE) posted a strong performance in its third fiscal quarter of 2024, highlighted by 10% revenue growth and a focus on AI system conversions. The company reported...
Huawei’s H1 Revenue Rockets up 34% YOY to US$57.3B
In the first half of 2024, Huawei generated approximately CNY 417.5 billion (around USD 57.3 billion) in revenue, marking a 34.3% year-on-year increase. The company also reported a net profit...
Marvell Sees 10% Sequential Revenue Growth in Q2, Boosted by AI
Marvell Technology (NASDAQ: MRVL) announced its financial results for the second quarter of fiscal year 2025, reporting net revenue of $1.273 billion, which exceeded the mid-point of its guidance by...
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