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Qualcomm (QCOM) & Fastweb to Offer Enhanced Connectivity in Italy

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Qualcomm Incorporated QCOM and Fastweb, a leading telecommunications operator in Italy, recently announced plans to commercialize 5G standalone (SA) millimeter wave (mmWave) on Qualcomm 5G Fixed Wireless Access Platform Gen 2.

Expected to be rolled out in 2022, the combined efforts will enable Fastweb to scale the reach of its FWA deployments. This, in turn, will help the operator to bring the full potential of 5G to 12 million homes and businesses in Italy by the end of 2025.

Fastweb can deliver ultra-high throughput and low latency broadband access to customers by integrating 5G SA with mmWave using the Snapdragon X65 and X62 5G Modem-RF Systems.

5G SA provides benefits that include lower latency in the core network, support for 5G network virtualization and network slicing. 5G mmWave, which unlocks frequency bands above 24 GHz, enables 5G FWA to realize its full potential.

The Snapdragon X65 and X62 5G Modem-RF Systems are from Qualcomm’s fourth-generation 5G modem-RF family. These have been designed to enable the rapid rollout of Release 16 features across mobile broadband, fixed wireless access, industrial IoT and 5G private networks through software upgrades.

Qualcomm benefits from the ramp-up in 5G-enabled chips and increasing demand for products and services that are the building blocks for digital transformation in the cloud economy.

The stock has gained 32.4% in the past year compared with the industry’s growth of 13.5%.

Zacks Investment Research
Zacks Investment Research


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Qualcomm and Fastweb are supporting the digital transformation in Italy by providing enhanced connectivity and digital services. The chipmaker aims to bring the benefits of mobile to industries that include automotive, the Internet of Things and computing.

QCOM currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearfield, Inc. CLFD is another top-ranked stock in the industry, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised 20.5% upward over the past 60 days.

Clearfield delivered a trailing four-quarter earnings surprise of 50.7%, on average. It has gained 116% in the past year.

ADTRAN, Inc. ADTN, flaunting a Zacks Rank #1, is another solid pick for investors. The consensus estimate for current-year earnings has been revised upward by 5.7% over the past 60 days.

ADTRAN delivered a trailing four-quarter earnings surprise of 140.4%, on average. It has appreciated 25.7% in the past year.

Sierra Wireless, Inc. SWIR carries a Zacks Rank #2. The consensus mark for current-year earnings has been revised upward by 237.5% over the past 60 days.

Sierra Wireless pulled off a trailing four-quarter earnings surprise of 58%, on average. The stock has returned 20.2% in the past year.


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