Yahoo Finance Nokia (NOK) Unveils New Network Solution for Critical Operations
Nokia Corporation NOK recently introduced new 4G and 5G Core Network software solutions to support essential operational requirements in the public safety and power utility domain. In today’s digital world, seamless network connectivity is required to ensure the proper functioning of a modern society for sustainable long-term economic development. Many government and private agencies play a crucial role to maintain the continuous functionality of vital infrastructure related to energy, transportation and public safety. Nokia's newly-introduced network solutions cater to the specific requirements of these organizations, providing them with reliable and widespread wireless connectivity across extensive areas.
The solution enables organizations to leverage secure enterprise-grade capabilities and enhance network infrastructure with increased automation and efficiency. It features unified 4G and 5G data, voice and subscriber device management capabilities, greater adaptability to various technology and applications including various broadband communication tools for public safety and IoT capabilities tailored for power utilities. Nokia aims to mitigate risks and expedite the deployment of wide-area private networks that fulfill dynamic requirements of mission-critical operations.
Nokia estimates that the market size for Core network solutions in the enterprise FAN/WAN private wireless communications sector is likely to grow 50% to Euro 1.5 billion by 2027. The company is focused on tapping into the growth trajectory by capitalizing the emerging demand trends and strengthen its position in the private wireless market.
Nokia is well-positioned in the ongoing technology cycle, given the strength of its end-to-end portfolio. The company’s deal win rate is encouraging 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 growing fast. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include seamless transition to 5G technology, ultra broadband access, IP and Software Defined Networking, cloud applications and Internet of Things.
The company is witnessing healthy momentum in its focus areas of software and enterprise, which augurs well for the licensing business. It is poised to benefit from copper and fiber deployments of passive optical networking. It is the only global supplier that offers O-RAN with commercial 5G Cloud-RAN networks. The company intends to accelerate strategy execution, sharpen customer focus and reduce long-term costs. At the same time, it is focused to build a strong scalable software business and expand it to structurally attractive enterprise adjacencies. Nokia’s C-Band portfolio supports 5G standalone and non-standalone networks, cloud-based implementations and Open RAN products.
The stock has declined 21.7% in the past year compared with the industry’s fall of 16.6%.
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Nokia currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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