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Nokia (NOK) & Eastlink Join Forces to Upgrade 5G Network
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Nokia Corporation (NOK - Free Report) inked a multiyear agreement with Eastlink, a prominent communication service provider in Canada. With cutting-edge fiber optic and mobile networks at its disposal, Eastlink aims to leverage Nokia's AirScale portfolio to extend its coverage area. In this endeavor, Nokia will play a crucial role in bolstering a significant segment of Eastlink's mobile radio access network infrastructure.
5G technology has brought about significant advancements across diverse sectors like healthcare, autonomous vehicles, financial services and facilitating remote work and learning. Advancement of 5G infrastructure is necessary to bridge the digital divide and promote social inclusion. The objective of this collaboration is to ensure unparalleled network capacity and performance while maintaining energy efficiency and reliability.
Powered by the energy-efficient ReefShark System-on-Chip technology, the Airscale portfolio features baseband units, remote radio heads, and massive MIMO (Multiple-Input Multiple-Output) antennas. These components simplify the deployment process, ensure enhanced 5G capabilities with improved coverage and provide high-speed connectivity to end users. The multiyear strategic access network partnership accentuates the growing acceptance of Nokia’s next-generation solutions.
Nokia 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. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and Internet of Things.
It is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. The company’s deal win rate is encouraging with notable successes in key 5G markets. Its installed base of high-capacity AirScale products, which enable customers to quickly upgrade to 5G, is growing rapidly.
The stock has declined 24.5% in the past year compared with the industry’s fall of 23.6%.
Nokia currently has a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Motorola Solutions, Inc (MSI - Free Report) currently carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 5.62%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 5.58%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
Workday Inc. (WDAY - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 13.05%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 18.02%.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 0.26%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 18.48%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.
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Nokia (NOK) & Eastlink Join Forces to Upgrade 5G Network
Nokia Corporation (NOK - Free Report) inked a multiyear agreement with Eastlink, a prominent communication service provider in Canada. With cutting-edge fiber optic and mobile networks at its disposal, Eastlink aims to leverage Nokia's AirScale portfolio to extend its coverage area. In this endeavor, Nokia will play a crucial role in bolstering a significant segment of Eastlink's mobile radio access network infrastructure.
5G technology has brought about significant advancements across diverse sectors like healthcare, autonomous vehicles, financial services and facilitating remote work and learning. Advancement of 5G infrastructure is necessary to bridge the digital divide and promote social inclusion. The objective of this collaboration is to ensure unparalleled network capacity and performance while maintaining energy efficiency and reliability.
Powered by the energy-efficient ReefShark System-on-Chip technology, the Airscale portfolio features baseband units, remote radio heads, and massive MIMO (Multiple-Input Multiple-Output) antennas. These components simplify the deployment process, ensure enhanced 5G capabilities with improved coverage and provide high-speed connectivity to end users. The multiyear strategic access network partnership accentuates the growing acceptance of Nokia’s next-generation solutions.
Nokia 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. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and Internet of Things.
It is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. The company’s deal win rate is encouraging with notable successes in key 5G markets. Its installed base of high-capacity AirScale products, which enable customers to quickly upgrade to 5G, is growing rapidly.
The stock has declined 24.5% in the past year compared with the industry’s fall of 23.6%.
Nokia currently has a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Motorola Solutions, Inc (MSI - Free Report) currently carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 5.62%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 5.58%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
Workday Inc. (WDAY - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 13.05%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 18.02%.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 0.26%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 18.48%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.