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Nokia Corporation (NOK - Free Report) has recently completed the acquisition of Unium, a US-based software company, specialized in providing solutions to complex wireless networking problems for use in mission-critical and residential Wi-Fi networks. The deal was initially announced last month.
Unium will now function as part of Nokia's Fixed Networks business group. The acquirer’s Wi-Fi portfolio will be embedded with the acquired company's software and intelligent mesh wireless technology, which has capacity to bolster the end-to-end, whole-home Wi-Fi solution of the former. Also, the technology will support Nokia’s objective of offering solutions to Wi-Fi related problems at home.
We remind investors that the company has been making acquisitions/inking deals for quite some time to drive growth. Last year, it acquired Comptel Corporation, a Finnish telecommunications software company. The buyout boosted Nokia’s software portfolio by adding capabilities that help digital service providers deliver new communications services to the market faster. The same year, the company also closed the acquisition of Deepfield, the US-based leader in real-time analytics for IP (Internet Protocol) network performance management and security.
Nokia carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Comtech Telecommunications Corporation (CMTL - Free Report) , Harris Corporation and Motorola Solutions, Inc. (MSI - Free Report) . While Comtech Telecommunications sports a Zacks Rank #1 (Strong Buy), Harris and Motorola carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Comtech Telecommunications, Harris and Motorola have gained more than 32%, 9% and 16%, respectively, in the last three months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Nokia's Unium Buyout Enhances Whole-Home Wi-Fi Network
Nokia Corporation (NOK - Free Report) has recently completed the acquisition of Unium, a US-based software company, specialized in providing solutions to complex wireless networking problems for use in mission-critical and residential Wi-Fi networks. The deal was initially announced last month.
Unium will now function as part of Nokia's Fixed Networks business group. The acquirer’s Wi-Fi portfolio will be embedded with the acquired company's software and intelligent mesh wireless technology, which has capacity to bolster the end-to-end, whole-home Wi-Fi solution of the former. Also, the technology will support Nokia’s objective of offering solutions to Wi-Fi related problems at home.
We remind investors that the company has been making acquisitions/inking deals for quite some time to drive growth. Last year, it acquired Comptel Corporation, a Finnish telecommunications software company. The buyout boosted Nokia’s software portfolio by adding capabilities that help digital service providers deliver new communications services to the market faster. The same year, the company also closed the acquisition of Deepfield, the US-based leader in real-time analytics for IP (Internet Protocol) network performance management and security.
Nokia Corporation Price
Nokia Corporation Price | Nokia Corporation Quote
Zacks Rank & Key Picks
Nokia carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Comtech Telecommunications Corporation (CMTL - Free Report) , Harris Corporation and Motorola Solutions, Inc. (MSI - Free Report) . While Comtech Telecommunications sports a Zacks Rank #1 (Strong Buy), Harris and Motorola carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Comtech Telecommunications, Harris and Motorola have gained more than 32%, 9% and 16%, respectively, in the last three months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>