Here is the company report on Teleste from Atte and Roni 
We reiterate our Accumulate recommendation for Teleste and our target price of EUR 4.2. The company’s Q1 result exceeded our forecasts, and we have revised our estimates slightly upwards. Although the merger of the largest customer in the Networks segment still creates uncertainty regarding order development in the coming quarters, the recovery of the European market, along with an expanded customer base and efficiency measures implemented in both business units, provide the ingredients for continued earnings growth. This is also anticipated by Teleste’s outlook. Mirrored against the earnings growth outlook for the coming years, Teleste’s valuation (2026e adj. P/E 10x) looks moderate.