Ciena's stock took a nosedive after the company revised its full-year guidance due to challenges caused by high inventory levels at telecom service providers. Industry-wide Impact Similar issues are impacting other key players in the sector, including Cisco Systems and Hewlett Packard Enterprise. The company's shares dropped by 14.9% to $52.75 during recent trading on … [Read more...] about Ciena Stock Lower Guidance Impact
Telecom
AT&T Strikes $14 Billion Deal with Ericsson for Network Equipment
AT&T, one of the leading telecom companies in the United States, has recently entered into a significant agreement with Ericsson, a Swedish supplier of network equipment. The deal entails AT&T purchasing up to $14 billion worth of equipment from Ericsson over a span of five years. This development is a part of AT&T's ambitious plan to establish a commercial-scale … [Read more...] about AT&T Strikes $14 Billion Deal with Ericsson for Network Equipment
