Nokia Corporation (NOK - Free Report) and StarHub recently completed the first outdoor trial of 5G New Radio on 3.5GHz frequency band in Singapore to enhance consumer service and boost efficiencies for enterprises. Businesses can now use 5G-enabled video analytics to enhance efficiency and minimize production errors. StarHub is a Singapore-based company that offers world-class communication, entertainment and digital solutions.
Together, the companies exhibited industrial and consumer applications to industry partners and enterprise customers over 'live' Nokia 5G cells and core network technology. Customers can now achieve greater operational efficiencies and better performance as they begin to deliver enhanced mobile broadband services.
Nokia deployed AirScale Radio Access technology with 5G New Radio 3GPP-compliant software and the Nokia AirFrame data center solution. The company is offering communications service providers (CSPs) a pre-integrated and ultra-optimized network using its 5G Future X end-to-end architecture to accelerate the launch of 5G.
Notably, Nokia 5G Future X is the first end-to-end 5G portfolio of solutions, software and services to provide CSPs with the opportunity to take advantage of 5G. It enables CSPs to launch 5G use cases based on the commercial standards definition from 3GPP.
High speed, high capacity and low latency 5G technologies are the cornerstones of future connectivity that enable new growth opportunities. Nokia’s installed base of high-capacity AirScale product, which enables customers to quickly upgrade to 5G, is growing fast. The company is accelerating 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.
Nokia helps customers to shift from an economy-of-scale network operating model to demand-driven operations by offering flexible automation to support dynamic operations, reduce complexity and improve efficiency. The company is continuously expanding its business into targeted, high-growth and high-margin vertical markets to cash in on opportunities beyond traditional primary markets. The rollout of 5G networks is expected to significantly improve market conditions in 2019 and 2020, helping it garner a strong market position.
The stock has outperformed the industry with an average return of 8.9% compared with 0.1% rise of the latter in the past year.
Nokia currently has a Zacks Rank #3 (Hold). A few better-ranked stocks in the industry are Comtech Telecommunications Corp. (CMTL - Free Report) , QUALCOMM Inc. (QCOM - Free Report) and Ubiquiti Networks, Inc. (UBNT - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech has a long-term earnings growth expectation of 5%. It beat earnings estimates in each of the trailing four quarters, the average being 136%.
Qualcomm has a long-term earnings growth expectation of 11.5%. It beat earnings estimates in the last four quarters, the average being 18.5%.
Ubiquiti has a long-term earnings growth expectation of 14%. It surpassed earnings estimates in three of the trailing four quarters, the average positive surprise being 11.3%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>