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Nokia (NOK) Introduces its Eco-Friendly Packaging Solution
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Nokia Corporation (NOK - Free Report) recently introduced 100% recyclable packaging solutions for its complete suite of fixed networks Lightspan portfolio. The company aims to implement the new packaging for its entire Lightspan product line by the end of 2023. The initiative accentuates Nokia’s ambitious 2030 goal of drawing down its green gas emissions by 50%. The eco-friendly packaging boasts a design that is compact and lightweight, resulting in an impressive 60% reduction in packaging size and a 44% plunge in overall weight. Such enhancements will allow Nokia to optimize product shipments and cut down transportation-related CO2 emissions by an estimated 60%.
The solution replaces non-biodegradable foam, plastic and various chemical components with 100% renewable alternatives. The packaging has already shown its efficiency in delivering advanced gigabit speed G.Fast access nodes to Deutsche Telekom. Recyclable cardboard components have been used as the protective material for mitigating dropping impacts. The durability of these packages allows for their reuse in return shipments.
There is a growing inclination toward sustainable products across all industries owing to rising environmental regulatory compliances around the globe. Nokia’s recent transition to eco-friendly packaging contributes significantly to the circular economy.
As a premier telecommunications service provider globally, Nokia's adoption of sustainable packaging sets the trend for a broader industry-wide movement toward sustainability.
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, it is transforming the way people and things communicate and connect with each other.
The company aims to create new business and licensing opportunities in the consumer ecosystem. To strengthen its leading position in the market, the company facilitates its customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation needed to support dynamic operations, reduce complexity and improve efficiency. It seeks to expand its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Declining trends in Submarine Networks, Cloud and Cognitive Services are concerns
The stock has declined 24.9% in the past year compared with the industry’s fall of 4.4%.
Image Source: Zacks Investment Research
Nokia currently has a Zacks Rank #4 (Sell).
Stocks to Consider
Model N Inc (MODN - Free Report) , sporting a Zacks Rank #1 (Strong Buy), delivered an earnings surprise of 20.78%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 3.33%. You can see the complete list of today’s Zacks #1 Rank stocks here.
MODN provides revenue management solutions for life sciences and technology companies, including applications for configuration, price, quote, rebate management and regulatory compliance.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 9.79%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 29.19%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to artificial intelligence-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2 (Buy), is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista delivered an earnings surprise of 12%, on average, in the trailing four quarters.
ANET holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gigabit high-performance switching products and is well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
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Nokia (NOK) Introduces its Eco-Friendly Packaging Solution
Nokia Corporation (NOK - Free Report) recently introduced 100% recyclable packaging solutions for its complete suite of fixed networks Lightspan portfolio. The company aims to implement the new packaging for its entire Lightspan product line by the end of 2023. The initiative accentuates Nokia’s ambitious 2030 goal of drawing down its green gas emissions by 50%. The eco-friendly packaging boasts a design that is compact and lightweight, resulting in an impressive 60% reduction in packaging size and a 44% plunge in overall weight. Such enhancements will allow Nokia to optimize product shipments and cut down transportation-related CO2 emissions by an estimated 60%.
The solution replaces non-biodegradable foam, plastic and various chemical components with 100% renewable alternatives. The packaging has already shown its efficiency in delivering advanced gigabit speed G.Fast access nodes to Deutsche Telekom. Recyclable cardboard components have been used as the protective material for mitigating dropping impacts. The durability of these packages allows for their reuse in return shipments.
There is a growing inclination toward sustainable products across all industries owing to rising environmental regulatory compliances around the globe. Nokia’s recent transition to eco-friendly packaging contributes significantly to the circular economy.
As a premier telecommunications service provider globally, Nokia's adoption of sustainable packaging sets the trend for a broader industry-wide movement toward sustainability.
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, it is transforming the way people and things communicate and connect with each other.
The company aims to create new business and licensing opportunities in the consumer ecosystem. To strengthen its leading position in the market, the company facilitates its customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation needed to support dynamic operations, reduce complexity and improve efficiency. It seeks to expand its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Declining trends in Submarine Networks, Cloud and Cognitive Services are concerns
The stock has declined 24.9% in the past year compared with the industry’s fall of 4.4%.
Image Source: Zacks Investment Research
Nokia currently has a Zacks Rank #4 (Sell).
Stocks to Consider
Model N Inc (MODN - Free Report) , sporting a Zacks Rank #1 (Strong Buy), delivered an earnings surprise of 20.78%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 3.33%. You can see the complete list of today’s Zacks #1 Rank stocks here.
MODN provides revenue management solutions for life sciences and technology companies, including applications for configuration, price, quote, rebate management and regulatory compliance.
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 9.79%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 29.19%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to artificial intelligence-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2 (Buy), is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista delivered an earnings surprise of 12%, on average, in the trailing four quarters.
ANET holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gigabit high-performance switching products and is well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.