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SAN JOSE - Peraso Inc. (NASDAQ:PRSO), a technology company whose stock has surged over 25% in the past week and maintains a strong balance sheet with more cash than debt, announced Wednesday that WeLink Communications has chosen its 60 GHz mmWave technology to power high-speed broadband deployments in dense urban areas across the United States. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment, with 12 additional exclusive insights available to subscribers.
The collaboration aims to deliver multi-gigabit connectivity to businesses and consumers in historically underserved neighborhoods through WeLink’s mesh-based fixed-wireless access architecture, which can provide speeds up to 2 Gbps.
WeLink is currently operating in three major U.S. metropolitan markets with plans for further expansion. The company’s mesh architecture offers an alternative to fiber installations in areas where traditional infrastructure deployment may be impractical or cost-prohibitive.
"By leveraging Peraso’s 60 GHz technology within our unique mesh architecture, we can deliver reliable multi-gigabit speeds to dense urban neighborhoods at a fraction of the cost and implementation time of fiber," said Dennis O’Connell, CEO of WeLink.
According to the companies, the mmWave technology offers advantages over traditional fiber deployments, including lower costs, faster installation timelines, and reduced maintenance requirements.
Ron Glibbery, CEO of Peraso, stated that the technology enables "2 Gbps links that rival fiber performance," making affordable broadband accessible in previously underserved communities.
The partnership highlights growing industry interest in 60 GHz solutions for urban environments where high-speed connectivity demands continue to increase while traditional infrastructure expansion faces challenges.
This information is based on a press release statement from Peraso Inc. For comprehensive analysis and detailed financial metrics, including the company’s complete Fair Value assessment and growth potential, visit InvestingPro, where you’ll find an extensive research report covering what really matters about Peraso’s business and market position.
In other recent news, Peraso Inc. reported a decline in net revenue for the second quarter of 2025, dropping to $2.2 million from $3.9 million in the previous quarter. Despite this decrease, the company projects record quarterly revenue for the third quarter, estimating between $2.8 million and $3.1 million. Meanwhile, Peraso received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement, with a deadline to regain compliance by March 4, 2026. In merger-related developments, Mobix Labs has enhanced its acquisition offer for Peraso by adding a cash component to its previous all-stock proposal, aiming to provide value and growth potential for Peraso shareholders. However, Peraso is exploring strategic alternatives as Mobix Labs declined to sign a confidentiality agreement during the review process. Benchmark has reiterated its Speculative Buy rating on Peraso, with a price target of $3.00, citing the company’s momentum in developing millimeter wave solutions. These developments highlight the ongoing strategic and financial activities surrounding Peraso Inc.
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