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Nokia Expands Developer Access With APIs on Google Cloud Marketplace
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Key Takeaways
NOK has listed three advanced network APIs on Google Cloud Marketplace for global developer access.
The APIs enable secure number verification, location validation and on-demand high-quality connectivity.
This move supports Nokia's software push and positions it for growth in high-margin vertical markets.
Nokia (NOK - Free Report) has announced the availability of three of its advanced network APIs—Quality of Service on Demand, Number Verification and Device Location Verification—on Google Cloud Marketplace. Google Cloud Marketplace serves as a comprehensive catalog of solutions from Google and its ecosystem partners, enabling users to seamlessly discover and deploy technologies.
This move is aimed at making it easier for developers across the globe to integrate robust telecom capabilities into their applications. Nokia is streamlining access for developers to utilize mobile network features without dealing with the complexities of the underlying infrastructure by listing these APIs on a widely used platform.
With Nokia’s APIs accessible through this platform, developers can tap into multiple mobile networks and create innovative services using Nokia’s Network as Code platform and developer portal. This offering provides standardized, simplified access to network functions, with additional APIs expected to be launched on the Marketplace in the near future.
These APIs adhere to global standards, such as GSMA’s Open Gateway and CAMARA, ensuring interoperability and scalability for applications developed across Nokia’s expanding network of CSP partners.
Each API offers distinct capabilities: the Quality of Service on Demand API allows developers to request guaranteed, high-performance connectivity for specific durations, ideal for scenarios like live streaming at crowded venues. The Number Verification API helps confirm ownership of a phone number, an essential tool for industries like finance and retail to combat fraud. Meanwhile, the Device Location Verification API enhances transaction security by validating if a device is being used from its registered location.
Management highlighted that the availability of Nokia APIs on Google Cloud Marketplace is about giving developers easy access and simplified use of trusted network intelligence.
In addition to its latest API advancements, Nokia is experiencing strong momentum in its strategic focus areas of software and enterprise, which bodes well for the growth of its licensing business. The company is poised to benefit from copper and fiber deployments of passive optical networking. Nokia seeks to expand its business into targeted, high-growth and high-margin vertical markets to capitalize on growth opportunities beyond its traditional primary markets. Furthermore, its large installed base of high-capacity AirScale products serves as a strong tailwind, enabling customers to upgrade to 5G more efficiently.
NOK’s Zacks Rank & Stock Price Performance
Nokia currently carries a Zacks Rank #3 (Hold). Shares of Nokia have gained 9.2% over the past six months compared with the Wireless Equipment industry’s growth of 2.7%.
Image Source: Zacks Investment Research
Stocks to Consider From the Computer and Technology Space
NETGEAR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 179.12%. In the last reported quarter, NTGR delivered an earnings surprise of 105.71%. Its shares have surged 92.5% in the past year.
Intuit’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.15%. In the last reported quarter, INTU Holdings delivered an earnings surprise of 6.98%. Its shares have soared 20.7% in the six months.
Ubiquiti earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 29.93%. In the last reported quarter, UI delivered an earnings surprise of 61.29%. UI shares have skyrocketed 144.7% over the past year.
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Nokia Expands Developer Access With APIs on Google Cloud Marketplace
Key Takeaways
Nokia (NOK - Free Report) has announced the availability of three of its advanced network APIs—Quality of Service on Demand, Number Verification and Device Location Verification—on Google Cloud Marketplace. Google Cloud Marketplace serves as a comprehensive catalog of solutions from Google and its ecosystem partners, enabling users to seamlessly discover and deploy technologies.
This move is aimed at making it easier for developers across the globe to integrate robust telecom capabilities into their applications. Nokia is streamlining access for developers to utilize mobile network features without dealing with the complexities of the underlying infrastructure by listing these APIs on a widely used platform.
With Nokia’s APIs accessible through this platform, developers can tap into multiple mobile networks and create innovative services using Nokia’s Network as Code platform and developer portal. This offering provides standardized, simplified access to network functions, with additional APIs expected to be launched on the Marketplace in the near future.
Nokia Corporation Price and Consensus
Nokia Corporation price-consensus-chart | Nokia Corporation Quote
These APIs adhere to global standards, such as GSMA’s Open Gateway and CAMARA, ensuring interoperability and scalability for applications developed across Nokia’s expanding network of CSP partners.
Each API offers distinct capabilities: the Quality of Service on Demand API allows developers to request guaranteed, high-performance connectivity for specific durations, ideal for scenarios like live streaming at crowded venues. The Number Verification API helps confirm ownership of a phone number, an essential tool for industries like finance and retail to combat fraud. Meanwhile, the Device Location Verification API enhances transaction security by validating if a device is being used from its registered location.
Management highlighted that the availability of Nokia APIs on Google Cloud Marketplace is about giving developers easy access and simplified use of trusted network intelligence.
In addition to its latest API advancements, Nokia is experiencing strong momentum in its strategic focus areas of software and enterprise, which bodes well for the growth of its licensing business. The company is poised to benefit from copper and fiber deployments of passive optical networking. Nokia seeks to expand its business into targeted, high-growth and high-margin vertical markets to capitalize on growth opportunities beyond its traditional primary markets. Furthermore, its large installed base of high-capacity AirScale products serves as a strong tailwind, enabling customers to upgrade to 5G more efficiently.
NOK’s Zacks Rank & Stock Price Performance
Nokia currently carries a Zacks Rank #3 (Hold). Shares of Nokia have gained 9.2% over the past six months compared with the Wireless Equipment industry’s growth of 2.7%.
Image Source: Zacks Investment Research
Stocks to Consider From the Computer and Technology Space
Some better-ranked stocks from the broader technology space are NETGEAR, Inc. (NTGR - Free Report) , Intuit Inc. (INTU - Free Report) and Ubiquiti Inc. (UI - Free Report) . NTGR and INTU sport a Zacks Rank #1 (Strong Buy), while UI carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NETGEAR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 179.12%. In the last reported quarter, NTGR delivered an earnings surprise of 105.71%. Its shares have surged 92.5% in the past year.
Intuit’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.15%. In the last reported quarter, INTU Holdings delivered an earnings surprise of 6.98%. Its shares have soared 20.7% in the six months.
Ubiquiti earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 29.93%. In the last reported quarter, UI delivered an earnings surprise of 61.29%. UI shares have skyrocketed 144.7% over the past year.