Nokia Corporation (NOK - Free Report) in collaboration with China Mobile Research Institute — the research division of China Mobile Limited — recently introduced the industry's first hybrid indoor radio solution with location services. The solution is aimed at meeting 5G connectivity demands inside busy and large buildings. The 5G hybrid distributed indoor system will help operators to minimize deployment costs, and it testifies the 5G commercial readiness of Nokia AirScale Indoor Radio portfolio.
Notably, this active smart indoor coverage system leverages Nokia 5G Pico RRH (remote radio head) system together with passive DAS (distributed access systems) antennas and Bluetooth Low Energy technology. Indoor coverage has become a key area for operators to develop new 5G services. This is because per a research by China’s Ministry of Industry and Information Technology, consumption of 70% of 5G business applications will take place indoors with high-value customers likely to spend 80% of working hours in an indoor environment. The companies see it as an opportunity to gain market share while catering to evolving customer needs.
Nokia is committed to working closely with China Mobile as a long-term technology partner. The company continues to build on its technology momentum to help the latter modernize its network.
The Finnish company is well-positioned for the technology cycle given the strength of its end-to-end portfolio. Its installed base of high-capacity AirScale product, which enables customers to quickly upgrade to 5G, is growing fast. Leveraging state-of-the-art technology, Nokia is transforming the way people communicate and connect with each other. The company is focusing on expanding its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.
The stock has outperformed the industry with an average return of 21.1% compared with 7.3% growth recorded by the latter in the past year.
Nokia currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include QUALCOMM Incorporated (QCOM - Free Report) , Ubiquiti Networks, Inc. (UBNT - Free Report) and Juniper Networks, Inc. (JNPR - Free Report) . While Qualcomm and Ubiquiti sport a Zacks Rank #1 (Strong Buy), Juniper carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Qualcomm has a long-term earnings growth expectation of 11.5%. It beat earnings in each of the trailing 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%.
Juniper has a long-term earnings growth expectation of 5.5%. It beat earnings estimates in each of the trailing four quarters, the average being 11%.
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