Geometry Dash APK Hill Climb Racing APK
34.9 F
New York
Saturday, December 10, 2022

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

Must read

Asia Broadband Inc (OTCMKTS:AABB) Is Up 1100% This year: What’s The Buzz?

There are some stocks that have managed to clock massive over the course of the past month or so and one of...

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

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...

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

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
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.
SmsVerifyer.com Affordable best sms verification service