Yahoo Finance Nokia (NOK) to Upgrade Network Infrastructure of Zain Jordan
Nokia Corporation NOK recently announced that Zain selected its 5G Radio Access Network (RAN) equipment to modernize the latter’s network infrastructure and accelerate digital transformation across Jordan. The Finland-based telecom giant assisted Zain with its cutting-edge technology in several regions, including Saudi Arabia and this agreement ensures the expansion of that long-standing business partnership.
Under the multiyear agreement, Nokia will supply AirScale Baseband, Massive MIMO radios, and Remote Radio Head products powered by ReefShark System on Chip (SoC) technology. The ReefShark technology reduces power consumption while enhancing capacity and coverage.
With its advanced 5G solutions supported by a comprehensive AirScale Baseband and Radio portfolio, Nokia is willing to help Zain minimize the digital divide and enhance socio-economic inclusion nationwide with fast, reliable and uninterrupted connectivity. Fast and dependable connectivity improves residence access to adequate healthcare facilities and financial services. It also empowers students with greater digital learning experience and help reduce the digital inequality in the remote regions. This agreement will strengthen Nokia’s position in the wireless equipment market and will likely ensure further commercial expansion.
Nokia enables its customers to move away from an economy-of-scale network operating model to demand-driven operations through easy programmability and flexible automation to support dynamic operations, reduce complexity and improve efficiency. The company seeks to expand its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. It is well-positioned for 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 products, which enable customers to upgrade to 5G quickly, is growing fast.
It has made significant progress on its three-phased journey of value creation. The company’s strategy includes Reset, Accelerate and Scale. Its focus on capital allocation and technology leadership is expected to help it grow profitably. Nokia is on track to achieve sustainable, profitable growth and technology leadership. 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.
The stock has declined 8% in the past year compared with the industry’s fall of 8.5%.
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Nokia currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Splunk Inc. SPLK, sporting a Zacks Rank #1 (Strong Buy), delivered an earnings surprise of 131.1%, on average, in the trailing four quarters. In the last reported quarter, it delivered an earnings surprise of 83.78%. Splunk provides software solutions that enable enterprises to gain real-time operational intelligence by harnessing the value of their data. The company's offerings enable users to investigate, monitor, analyze and act on machine data and big data, irrespective of format or source and help in operational decision-making.
Its software has a broad range of applications, including security analytics, business analytics and IT operations. Splunk is benefiting from healthy customer engagement, evident from the consistently high net retention and competitive win rates alongside solid momentum with large orders overall.
Arista Networks, Inc. ANET, sporting a Zacks Rank #1, delivered an earnings surprise of 14.17%, on average, in the trailing four quarters. Earnings estimates for ANET for the current year stand at $5.85 per share. Arista provides cloud networking solutions for data centers and cloud computing environments. The company offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for next-generation data center networks.
It continues to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. It is well-poised for growth in data-driven cloud networking business with proactive platforms and predictive operations. Arista has introduced network observability software, DANZ Monitoring Fabric (DMF), on its switching platforms for enterprise-wide traffic visibility and contextual insights.
Juniper Networks, Inc. JNPR , carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 1.55%, on average, in the trailing four quarters. It is witnessing strong momentum across its core industry verticals and is confident of its long-term prospects. Investments in customer solutions and sales organizations have enabled the company to capitalize on the solid demand across end markets.
Juniper is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help build a network infrastructure for services and applications based on a single Internet protocol network worldwide. The company caters to the networking needs of enterprises, public sector organizations and service providers across the globe.
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