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Nokia's Cloud-Native Core Technology to be Deployed in India
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Nokia Corporation (NOK - Free Report) recently announced that its cloud-native core technology is being deployed in Delhi by Idea Cellular, an Indian mobile network operator. This is part of Idea’s move toward digitization to meet the escalating data demand and mobile broadband growth.
Nokia’s AirGile cloud-native core network will provide Idea the flexibility and adaptability required to deliver high-quality performance and low latency demanded by the 5G programmable world. The AirGile solution is based on modular software architecture built with cloud technologies for improved cloud redundancy and software overload protection. This will help Idea to address the growing demand for data and voice services on a common cloud platform.
Nokia Cloud Mobility Manager performs the Mobility Management Entity functions within the packet core network and supports the Cellular Internet of Things (IoT)-Serving Gateway Node function within narrowband IoT/machine-type communications networks. Nokia Cloud Mobile Gateway performs gateway functions within the packet core to address the growth of enhanced broadband and deliver new IoT, machine-type communications and 5G services. This enables the evolution to a 5G core by supporting both non-standalone and standalone deployment options and a services-based architecture, allowing allocation of network resources to a specific service type through network slicing capabilities. The company’s Cloud Packet Core delivers the performance required to meet the networking requirements for a diverse range of services as well as automated cloud networking with dynamic lifecycle management capabilities.
Nokia is leading the journey to the 5G Core with cloud-native products and solutions that support rapid and cost-effective service deployment across a range of access technologies. The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. It is expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.
However, in the past three months, shares of Nokia have lost 16.9% against growth of 4.9% for the industry primarily due to foreign currency fluctuations and soft market conditions across its geographical operations.
Nokia currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Ribbon Communications Inc. (RBBN - Free Report) , Clearfield, Inc. (CLFD - Free Report) and QUALCOMM Incorporated (QCOM - Free Report) . While Ribbon Communications sports a Zacks Rank #1 (Strong Buy), Clearfield and QUALCOMM carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ribbon Communications has a long-term earnings growth expectation of 12%. It beat earnings estimates in each of the trailing four quarters, the average being 168.1%.
Clearfield beat earnings estimates in each of the trailing four quarters, the average being 52.8%.
QUALCOMM has a long-term earnings growth expectation of 10.9%. It beat earnings estimates in each of the trailing four quarters, the average being 19.8%.
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Nokia's Cloud-Native Core Technology to be Deployed in India
Nokia Corporation (NOK - Free Report) recently announced that its cloud-native core technology is being deployed in Delhi by Idea Cellular, an Indian mobile network operator. This is part of Idea’s move toward digitization to meet the escalating data demand and mobile broadband growth.
Nokia’s AirGile cloud-native core network will provide Idea the flexibility and adaptability required to deliver high-quality performance and low latency demanded by the 5G programmable world. The AirGile solution is based on modular software architecture built with cloud technologies for improved cloud redundancy and software overload protection. This will help Idea to address the growing demand for data and voice services on a common cloud platform.
Nokia Cloud Mobility Manager performs the Mobility Management Entity functions within the packet core network and supports the Cellular Internet of Things (IoT)-Serving Gateway Node function within narrowband IoT/machine-type communications networks. Nokia Cloud Mobile Gateway performs gateway functions within the packet core to address the growth of enhanced broadband and deliver new IoT, machine-type communications and 5G services. This enables the evolution to a 5G core by supporting both non-standalone and standalone deployment options and a services-based architecture, allowing allocation of network resources to a specific service type through network slicing capabilities. The company’s Cloud Packet Core delivers the performance required to meet the networking requirements for a diverse range of services as well as automated cloud networking with dynamic lifecycle management capabilities.
Nokia is leading the journey to the 5G Core with cloud-native products and solutions that support rapid and cost-effective service deployment across a range of access technologies. The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. It is expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.
However, in the past three months, shares of Nokia have lost 16.9% against growth of 4.9% for the industry primarily due to foreign currency fluctuations and soft market conditions across its geographical operations.
Nokia currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Ribbon Communications Inc. (RBBN - Free Report) , Clearfield, Inc. (CLFD - Free Report) and QUALCOMM Incorporated (QCOM - Free Report) . While Ribbon Communications sports a Zacks Rank #1 (Strong Buy), Clearfield and QUALCOMM carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ribbon Communications has a long-term earnings growth expectation of 12%. It beat earnings estimates in each of the trailing four quarters, the average being 168.1%.
Clearfield beat earnings estimates in each of the trailing four quarters, the average being 52.8%.
QUALCOMM has a long-term earnings growth expectation of 10.9%. It beat earnings estimates in each of the trailing four quarters, the average being 19.8%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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