Nokia Corporation (NOK - Free Report) collaborates with Smart Communications (Smart) for developing a drone solution to enable the Philippine Red Cross (PRC) manage its disaster response efforts more efficiently. The partnership was recently announced in an event at PRC logistics and training Center, Subic Bay, Philippines, where the companies demonstrated the capabilities of advanced technology like LTE-connected drones and portable network.
As part of the Nokia Saving Lives (NSL) initiative, Nokia Drone Networks solution comprises Nokia drones, private and secure mobile broadband as well as cloud connectivity that aids in disaster response efforts. Notably, the event highlighted the way NSL solution combined with a high-capacity mobile broadband network facilitates Red Cross emergency operations. It also demonstrated the way a critical communication channel can be established with the help of NSL solution in remote sites during emergencies.
Currently, the NSL solution incorporates a portable LTE network that helps to connect with drones, a high-performance server and analytics applications. Furthermore, Nokia has provided training to 25 of its employees for offering technical assistance to Red Cross emergency response teams. As part of the company’s commitment toward the UN Sustainable Development goals, these employees have already contributed 1,000 man-hours to the Red Cross disaster preparedness education.
Existing Business Scenario
Nokia is continuously expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Rollouts of next-generation 5G networks are anticipated to improve market conditions significantly in 2019 and 2020.
In addition, the company has become a leading player in the mobile and fixed network infrastructure, with the industry’s most complete, end-to-end portfolio of products, services and licensing. Nokia’s deal win rate is an added positive, with notable successes in the key 5G markets of the United States and China. Its installed base of high-capacity AirScale product, which enables customers to quickly upgrade to 5G, is developing rapidly.
In the past month, this Zacks Rank #3 (Hold) company has lost 1.4% compared with industry’s decline of 2.9%.
However, the company’s considerable operations in geographies outside the United States expose it to political and economic disruptions, all of which might directly hurt profits.
Some better-ranked stocks from the same space are Ubiquiti Networks, Inc. (UBNT - Free Report) , Juniper Networks, Inc. (JNPR - Free Report) and Harris Corporation (HRS - Free Report) . While Ubiquiti Networks sports a Zacks Rank #1 (Strong Buy), Juniper Networks and Harris carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ubiquiti Networks exceeded estimates thrice in the preceding four quarters, the average positive earnings surprise being 11.30%.
Juniper Networks surpassed estimates in each of the trailing four quarters, the average being 10.99%.
Harris outpaced estimates in each of the preceding four quarters, the average being 7.06%.
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