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Nokia (NOK) Aims to Serve U.S. Federal Entities With NFS Launch
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Nokia Corporation (NOK - Free Report) recently announced the formation of Nokia Federal Solutions (NFS) to accelerate the development of advanced technologies for the U.S. Federal Government. NFS will function as a dedicated entity for federal agencies, providing essential technologies and expertise for critical services. To fulfill the NFS initiative, Nokia will employ a team of experts in commercial communication with a strong understanding of unique requirements in U.S. federal entities.
A robust communication infrastructure is of utmost importance to ensure national defense and overall security. Nokia recently inked an agreement to acquire the Fenix Group, a leading provider of tactical communication products. Leveraging Fenix's tactical field expertise, Nokia is aiming to develop a private wireless solution that offers self-forming, self-healing, ad hoc networking in small, lightweight devices for various military requirements.
Data-intensive applications are becoming crucial in modern defense use cases for various reasons, such as improved decision-making, logistics optimization, cybersecurity, information warfare and more.
Nokia’s private wireless broadband and 5G capabilities will likely act as a vital component for the wide-scale deployment of data-intensive applications in defense. This will facilitate the development of a secure, dependable and highly scalable communication infrastructure. It will significantly improve strategic communications and support a wide range of applications such as cyber, intelligence, surveillance and reconnaissance systems.
The technology automates the strategic backbone network that links various defense locations and operations and efficiently supports massive data traffic with minimized latency. The smooth adaptability of 5G broadband technology makes it well-suited for tactical requirements in temporary field headquarters, border control points or navy task forces. Integration of improved video communications and advanced data-intensive applications will likely ensure better coordination among personnel and bolster situational awareness.
In addition to 5G and private wireless, the Finland-based company will also offer its IP Routing, Microwave and Optical Networking solutions to federal agencies. Nokia is a decade-old technology partner of the U.S. government and the recent venture highlights its commitment to further strengthen this collaboration.
Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. Its installed base of high-capacity AirScale products, which enables customers to upgrade to 5G quickly, is growing fast. It 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.
NOK aims to create new business and licensing opportunities in the consumer ecosystem. It facilitates customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation required 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.
The stock has declined 27% in the past year against the industry’s growth of 4.8%.
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 AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc (IDCC - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 170.71%. In the last reported quarter, it delivered an earnings surprise of 78.99%.
It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 13.24%. In the last reported quarter, it delivered an earnings surprise of 9.29%.
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.
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Nokia (NOK) Aims to Serve U.S. Federal Entities With NFS Launch
Nokia Corporation (NOK - Free Report) recently announced the formation of Nokia Federal Solutions (NFS) to accelerate the development of advanced technologies for the U.S. Federal Government. NFS will function as a dedicated entity for federal agencies, providing essential technologies and expertise for critical services. To fulfill the NFS initiative, Nokia will employ a team of experts in commercial communication with a strong understanding of unique requirements in U.S. federal entities.
A robust communication infrastructure is of utmost importance to ensure national defense and overall security. Nokia recently inked an agreement to acquire the Fenix Group, a leading provider of tactical communication products. Leveraging Fenix's tactical field expertise, Nokia is aiming to develop a private wireless solution that offers self-forming, self-healing, ad hoc networking in small, lightweight devices for various military requirements.
Data-intensive applications are becoming crucial in modern defense use cases for various reasons, such as improved decision-making, logistics optimization, cybersecurity, information warfare and more.
Nokia’s private wireless broadband and 5G capabilities will likely act as a vital component for the wide-scale deployment of data-intensive applications in defense. This will facilitate the development of a secure, dependable and highly scalable communication infrastructure. It will significantly improve strategic communications and support a wide range of applications such as cyber, intelligence, surveillance and reconnaissance systems.
The technology automates the strategic backbone network that links various defense locations and operations and efficiently supports massive data traffic with minimized latency. The smooth adaptability of 5G broadband technology makes it well-suited for tactical requirements in temporary field headquarters, border control points or navy task forces. Integration of improved video communications and advanced data-intensive applications will likely ensure better coordination among personnel and bolster situational awareness.
In addition to 5G and private wireless, the Finland-based company will also offer its IP Routing, Microwave and Optical Networking solutions to federal agencies. Nokia is a decade-old technology partner of the U.S. government and the recent venture highlights its commitment to further strengthen this collaboration.
Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. Its installed base of high-capacity AirScale products, which enables customers to upgrade to 5G quickly, is growing fast. It 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.
NOK aims to create new business and licensing opportunities in the consumer ecosystem. It facilitates customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation required 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.
The stock has declined 27% in the past year against the industry’s growth of 4.8%.
Image Source: Zacks Investment Research
Nokia currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
NVIDIA Corporation (NVDA - Free Report) , currently carrying a Zacks Rank #2 (Buy), delivered a trailing four-quarter average earnings surprise of 18.99%. In the last reported quarter, it delivered an earnings surprise of 19.64%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc (IDCC - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 170.71%. In the last reported quarter, it delivered an earnings surprise of 78.99%.
It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 13.24%. In the last reported quarter, it delivered an earnings surprise of 9.29%.
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.