Nokia Corporation (NOK - Free Report) has completed its acquisition of Comptel Corporation, a Finnish telecommunications software company. The acquisition plans were made public on Feb 9.
This buyout enables the acquirer to build up a standalone software business by bolstering its software portfolio. The buyout boosts Nokia’s software portfolio by adding capabilities that help digital service providers deliver new communications services to the market faster. The purchase also enhances the acquiring company’s portfolio in several other ways including capturing data-in-motion.
Together, the two companies will be able to offer a highly-developed software intelligence and real-time network information to bring about improved digital experiences.
It is significant to remind investors that Nokia’s growth-by-acquisition strategy is impressive. Earlier in the year, the company had completed its acquisition formalities for Deepfield, the US-based leader in real-time analytics for IP network performance management and security. Last year, the company had effected a series of acquisitions including, Alcatel-Lucent, Withings S.A. and Gainspeed.
Nokia’s recent resolution of the patent-related dispute with Apple (AAPL - Free Report) has removed a major overhang from over its shares. Following the deal, the company will get an up-front cash payment from Apple. Additionally, Apple will once again start selling Nokia’s digital health products from its retail and online stores.
Owing to these tailwinds, shares of Nokia have been performing well of late. The stock has gained 13.84% in the last three months, outperforming the Zacks categorized Wireless Equipment industry’s rise of 3.52% over the same period.
Zacks Rank & Key Picks
Nokia currently carries a Zacks Rank #2 (Buy). Other stocks worth considering in the broader Computer and Technology sector are Sierra Wireless, Inc. and Ubiquiti Networks, Inc. . Both carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Sierra Wireless and Ubiquiti Networks have gained over 7% and 2%, respectively, in the last three months.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Nokia Corporation (NOK - Free Report) has completed its acquisition of Comptel Corporation, a Finnish telecommunications software company. The acquisition plans were made public on Feb 9.
This buyout enables the acquirer to build up a standalone software business by bolstering its software portfolio. The buyout boosts Nokia’s software portfolio by adding capabilities that help digital service providers deliver new communications services to the market faster. The purchase also enhances the acquiring company’s portfolio in several other ways including capturing data-in-motion.
Together, the two companies will be able to offer a highly-developed software intelligence and real-time network information to bring about improved digital experiences.
It is significant to remind investors that Nokia’s growth-by-acquisition strategy is impressive. Earlier in the year, the company had completed its acquisition formalities for Deepfield, the US-based leader in real-time analytics for IP network performance management and security. Last year, the company had effected a series of acquisitions including, Alcatel-Lucent, Withings S.A. and Gainspeed.
Nokia’s recent resolution of the patent-related dispute with Apple (AAPL - Free Report) has removed a major overhang from over its shares. Following the deal, the company will get an up-front cash payment from Apple. Additionally, Apple will once again start selling Nokia’s digital health products from its retail and online stores.
Owing to these tailwinds, shares of Nokia have been performing well of late. The stock has gained 13.84% in the last three months, outperforming the Zacks categorized Wireless Equipment industry’s rise of 3.52% over the same period.
Zacks Rank & Key Picks
Nokia currently carries a Zacks Rank #2 (Buy). Other stocks worth considering in the broader Computer and Technology sector are Sierra Wireless, Inc. and Ubiquiti Networks, Inc. . Both carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Sierra Wireless and Ubiquiti Networks have gained over 7% and 2%, respectively, in the last three months.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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