Geometry Dash APK Hill Climb Racing APK
29.6 F
New York
Friday, January 28, 2022

Nokia (NYSE:NOK) Stock in Focus: Moderate Buy Rating

Must read

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Voyager Digital Ltd (OTCMKTS:VYGVF) Hits All-Time High on Download News

The remarkable rally enjoyed by several crypto assets over the course of the past months has also resulted in an increased demand...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Surges Higher On Sector Strength

The Solar Integrated Roofing Corp (OTCMKTS:SIRC) stock has come into sharp focus among investors and on Wednesday, the stock made significant gains...

While it used to be best known for smartphones, Nokia (NYSE:NOK) is now largely a telecommunication equipment company. The stock has performed poorly since hitting 2019 highs, and by the middle of March, it had experienced declines to the tune of around 50%. But, trading action of late shows there is promise.

What to Watch?

Many investors might believe that this could be an opportunity to pick up the Nokia stock. Hence, it is important to take a closer look at the Nokia stock and figure out if it is worth investing in. 5G is going to be rolled out soon, and work is in progress to get the infrastructure in place for the much-anticipated launch.

5G is a major opportunity for telecom equipment providers, and hence, there could be a play on the Nokia stock. It is expected to drive future growth for the company, and it has already signed up partnerships with big-ticket companies like Marvell Technology and Intel. 5G remains the most important trigger for Nokia, but if the rollout is delayed or gets stalled, then it could be a problem for the company. That being said, key operators like AT&T and Verizon have not made any such comments. As of now, a delay does not seem to be on the horizon as far as 5G rollout is concerned.

However, the coronavirus pandemic has put pressure on the economy and also on companies across sectors. Hence, it could result in lower capital expenditure spending, and if that happens, then things could get uncertain for Nokia.

The situation with the Nokia stock is binary in nature. If the 5G rollout progresses as expected, then it could be a boost for the stock, but if there are delays, then it could have a highly negative effect on the stock. That being said, analysts believe that Nokia is going to generate earnings of 27 cents per share in 2020. However, analysts have also projected that revenues are going to decline by 3.5% and hit $22.3 billion.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service