We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nokia Inks Patent License Agreement with Amazon: Stock to Gain?
Read MoreHide Full Article
Nokia Corporation (NOK - Free Report) recently inked a patent license agreement with Amazon (AMZN - Free Report) . Amazon, the e-commerce giant, is also a dominant player in the emerging digital streaming market. It has opted to deploy Nokia’s leading-edge video technologies across its streaming services and devices. Nokia’s top line is expected to benefit from the deal. However, the financial terms and other contractual details have been kept confidential.
Nokia is an industry leader in video and multimedia technology verticals. Its deep expertise in multimedia technologies is built upon solid research and development initiatives supported by investment totaling over 150 million euros in the last 25 years. Its comprehensive portfolio of multimedia tech comprises video compression, content delivery, content recommendation and various other leading-edge technologies.
In 2023, Nokia accused Amazon of unauthorized use of its video technology. The lawsuit was filed against Amazon in India, the United States, Germany and the European Unified Patent Court. However, the recently signed deal put an end to all the legal disputes. The new agreement offers Amazon access to Nokia's multimedia technologies which will effectively enhance Amazon’s streaming services and its Prime video content portfolio.
Will NOK Stock Benefit From Strong Licensing Momentum?
Nokia has kickstarted 2025 by signing a multi-year patent license agreement with Samsung. The leader in the consumer electronics market has opted to deploy Nokia’s video technologies across its TVs. The company also inked a license agreement for its video technologies with HP Inc. in 2024. Now, the recently signed agreement with Amazon highlights the growing traction of NOK’s multimedia expertise across the industry.
The digital streaming market is expected to grow at a substantial rate in the upcoming years. Per a report by Business Research Insight, the market is expected to witness an 18.66% CAGR (compound annual growth rate) from 2024 to 2033. Nokia, with its cutting-edge inventions for multimedia products and services, is expected to play a crucial role in multimedia research and standardization.
NOK's Stock Price Movement
Shares of Nokia have gained 50.6% over the past year compared with the industry’s growth of 43.5%.
Image Source: Zacks Investment Research
NOK’s Zacks Rank and Key Picks
Nokia currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
In the trailing four quarters, it delivered an earnings surprise of 158.41%. It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Celestica Inc. (CLS - Free Report) sports a Zacks Rank #1 at present. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world's leading original equipment manufacturers.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nokia Inks Patent License Agreement with Amazon: Stock to Gain?
Nokia Corporation (NOK - Free Report) recently inked a patent license agreement with Amazon (AMZN - Free Report) . Amazon, the e-commerce giant, is also a dominant player in the emerging digital streaming market. It has opted to deploy Nokia’s leading-edge video technologies across its streaming services and devices. Nokia’s top line is expected to benefit from the deal. However, the financial terms and other contractual details have been kept confidential.
Nokia is an industry leader in video and multimedia technology verticals. Its deep expertise in multimedia technologies is built upon solid research and development initiatives supported by investment totaling over 150 million euros in the last 25 years. Its comprehensive portfolio of multimedia tech comprises video compression, content delivery, content recommendation and various other leading-edge technologies.
In 2023, Nokia accused Amazon of unauthorized use of its video technology. The lawsuit was filed against Amazon in India, the United States, Germany and the European Unified Patent Court. However, the recently signed deal put an end to all the legal disputes. The new agreement offers Amazon access to Nokia's multimedia technologies which will effectively enhance Amazon’s streaming services and its Prime video content portfolio.
Will NOK Stock Benefit From Strong Licensing Momentum?
Nokia has kickstarted 2025 by signing a multi-year patent license agreement with Samsung. The leader in the consumer electronics market has opted to deploy Nokia’s video technologies across its TVs. The company also inked a license agreement for its video technologies with HP Inc. in 2024. Now, the recently signed agreement with Amazon highlights the growing traction of NOK’s multimedia expertise across the industry.
The digital streaming market is expected to grow at a substantial rate in the upcoming years. Per a report by Business Research Insight, the market is expected to witness an 18.66% CAGR (compound annual growth rate) from 2024 to 2033. Nokia, with its cutting-edge inventions for multimedia products and services, is expected to play a crucial role in multimedia research and standardization.
NOK's Stock Price Movement
Shares of Nokia have gained 50.6% over the past year compared with the industry’s growth of 43.5%.
Image Source: Zacks Investment Research
NOK’s Zacks Rank and Key Picks
Nokia currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
InterDigital (IDCC - Free Report) sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the trailing four quarters, it delivered an earnings surprise of 158.41%. It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Celestica Inc. (CLS - Free Report) sports a Zacks Rank #1 at present. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world's leading original equipment manufacturers.