Wireless stocks were on the move Tuesday, with a few names rising amid positive corporate news.

Nextel Communications ( NXTL) led the pack following upbeat comments ahead of a conference with analysts in New York. The wireless provider reiterated its 2003 profit outlook of 75 cents a share late Monday. The company also expects to add 1.7 million new subscribers this year.

At the meeting today, chief executive officer Tim Donahue said: "It looks very solid from where we stand, so you should expect good things to continue from a performance perspective at Nextel," according to Reuters.

The company also reaffirmed its estimate to generate over $500 million in free cash flow, or cash from operations excluding interest and capital spending, this year. Shares of Nextel were 4% higher at $14.25.

Another bright spot in the sector was Proxim ( PROX), a provider of wireless networking products. The company announced Monday it has teamed up with Swedish Axis Communications to sell wireless video surveillance systems. The companies' product will enable cameras to be installed in hard-to-reach places without wiring, such as on bridges or building fa¿ades, a feature which has seen increased demand amid heightened terrorism threats. Proxim shares were rising 16% to $2.25 in afternoon trading.

Dobson Communications ( DCEL) was also a strong gainer. The rural and suburban wireless provider announced late Monday it managed to secure an agreement with Bank of America to reduce an existing loan. The deal includes the transfer of 32.5 million shares to the bank, which still leaves Dobson with 65% of voting power over the company. Dobson shares were up 9% at $4.78.

More from Opinion

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Time to Talk Tesla: What Happened This Week, Elon?

Time to Talk Tesla: What Happened This Week, Elon?