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Nokia Optimizes Network Infrastructure in Saudi Arabia - Arista Networks (NYSE:ANET), Nokia (NYSE:NOK)

iconBenzinga

2024-07-03 23:52

Nokia Corporation (NYSE: NOK) recently announced that it has collaborated with stc Group to install Nokia's AI-powered MantaRay Cognitive SON solution for network optimization in Saudi Arabia. This deployment marks a significant leap in the application of AI for telecom network management and automation.

  Zacks Rank & Stocks to Consider

  Nokia currently carries a Zacks Rank #3 (Hold).

  NVIDIA Corporation, sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%.

  NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company's focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.

  Arista Networks, Inc.ANET, carrying a Zacks Rank #2 (Buy) at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 16.07% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters.

  It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.

  Silicon Motion Technology CorporationSIMO, carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 4.72%.

  It is a leading developer of microcontroller ICs for NAND flash storage devices. The semiconductor company also designs, develops and markets high-performance, low-power semiconductor solutions for original equipment manufacturers and other customers.

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