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Nokia Corporation (NOK)

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3.9500-0.1400 (-3.42%)
As of 11:54AM EDT. Market open.
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  • A
    Abu
    Not much of a consolation, but at least I tried to wake up the investor and press departments of Nokia by writing them the following message today:

    START OF MESSAGE

    Good day, In all friendliness let me inform that many investors feel negatively about diversions such as a UN pledge: NOKIA IS NOT PERCEIVED TO BE PERFORMING AND IS EVEN FELT AS RUDDERLESS DUE TO THE SILENCE OF CEO LUNDMARK.

    I think I summed up the feelings of many investors when I a moment ago replied to a Nokia tweet on the UN pledge the following:

    Long suffering shareholders would be immensely more interested in a shareholder value pledge. The share price shows Nokia is not trusted and a UN pledge will not change that. When will CEO Lundmark publicly talk about the current performance of Nokia and shareholder value?

    I say this with good intentions as I am a shareholder in Nokia since 2012 and wish the company all well. The share price has fallen by more than 20% since Lundmark took over. Being silent about Nokia is perceived extremely badly by the investor community. I wrote to you a couple of weeks ago to suggest CEO Lundmark could write a blog or give an interview, where he among other things reassures investors by saying, among other things, something like the following:

    “Nokia is constantly progressing on many fronts and is the preferred partner of many great companies around the world. Our guidance for 2020 is intact with clearly positive cash flow and EPS of EUR 0.25 +/- five cents. We are intent on resolutely enhancing Nokia’s competitiveness and shareholder value through additional cost cuts and rightsizing of our portfolio.”

    END OF MESSAGE

    I wrote to Nokia because I believe in the prospects of Nokia but I'm very dissatisfied with the communication policy of the company. We need put pressure on Nokia to perform and I will continue doing my small part in that field.
  • D
    Dreamer
    Because Nokia has created this incredibly poor reputation, we get hammered simply for signing a document in favor of rainbows and unicorns. Keep in mind it was once a $50 stock and the leader in a new technology which it squandered by failing to be pro-active and taking political correctness to a level hurtful to the company. Any hint of a change no matter how positive, is viewed through a prism of potential danger to the company. Nokia has to prove and prove again that it is not the company that could not shoot straight. The psychology of the market is stacked against us until proof is laid down in capital letters - which Nokia should be able to do in the end. But in the meantime, we suffer. Two quarters of performance might be enough to at least gain a level of credibility. Guidance cannot be of the tentative nature Suri was so prone to do. It must be strong, unequivocal, direct and strictly positive.

    Another reason for the fall is "Pitch-man Cramer saying yesterday that Nokia's equipment is expensive and not as good as [nameless] "others". We still need to hold on at least until the next earnings release.
  • L
    Loren
    Nokia Corporation said on Sunday it had surge expectations of new management after the Finish telecoms equipment maker had failed to live up to its potential. Also you might want to consider some of these companies that offer good and great deal in terms of Medical Cannabis... Know it here: http://psce.pw/InnovativecbdDeliveryCatchingFire
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  • N
    Nokia
    Verizon taking huge risk - it's 5G network will be last to deploy in U.S.
    Why? It was just reported that Verizon still needs its indoor technology (w/Corning) to be field tested and still needs to be "lab tested" by Samsung. It's stated, "Lab trials of the indoor tech over 28GHz spectrum recently wrapped up with Corning at a test facility in Westlake, Texas and are now underway with Samsung. Corning has started field testing with Verizon in a live network environment, taking place in various places across the country. Samsung will do the same once its work in the lab proves successful.
    Why is Verizon so concerned about providing indoor connectivity? Because its current 5G Ultra Wideband network currently doesn't deliver indoor coverage because high-band millimeter wave signals are easily blocked and don't penetrate well. Verizon says that it wants to advance private wireless networks for enterprise users. It states that once they're commercially deployed, the indoor small cells will deliver 5G coverage for healthcare, manufacturing, education, and retail environments.
    This is what Nokia already has been successfully doing - the past years - with over 180 commercial enterprise contracts and more on the way. This illustrates that Verizon is way behind in this aspect - and trying to catch up. Also, think about this as a comparison between a someone buying a home and someone renting a home. What Nokia has already been doing with commercial enterprises (huge ones like Toyota and many others) is catering to companies that will invest their money in purchasing their own 5g system and be able to easily deploy it, transition from their current 4g system to 5g seamlessly, and also easily maintain and monitor their systems within their own company. What Verizon is doing is setting up a system that the business has to go through the carrier. So this means, higher fees that the "renter" has to pay month after month and year after year. Sure, it may be good for smaller businesses, but it's not even ready yet!
    What all of this shows, is that analysts and the market itself has not looked further into Verizon's history and why it has made the choices it has - in regards to 5G. Verizon will not be Number 1 - as it has before. The landscape clearly has changed - as evidenced by how T-Mobile and AT&T has positioned itself (Nokia is a mainstay with each telecom). But clearly, if you look at what has happened in the past 3 years with Verizon, what its CEO has stated, not being transparent or providing ample information about what it has planned, and being honest to consumers- it looks like Verizon is hiding a lot of its troubles. Verizon's plan looks risky - as they look like they'll be spending a lot more to develop its 5g infrastructure, however, in the meantime, mobile customers will grow impatient and go with T-Mobile or AT&T. While business enterprises (at least the larger ones) will choose to go with Nokia.
    Also, one last note, did you hear about the news that Ericsson bought out Cradlepoint for $1.1 billion? This purchase was so that Ericsson can compete in the business enterprise sector - as it is huge. With health care, police and fire departments, emergency institutions, manufacturing, retail, military, etc. - this sector will provide income to 5g companies in the billions each year. And this is one area that Nokia is at the forefront- with its end to end enterprise network.
    It's time for analysts, large investment institutions, and regular investors to wake up - Nokia's future is undeniably very, very strong. The market doesn't realize it yet, but it will soon.
  • A
    Abu
    RAGHAV SAHGAL, PRESIDENT OF NOKIA ENTERPRISE: INDUSTRY 4.0 ACCELERATION WITH 5G STANDALONE. "We launched the world's first commercially available 5G standalone (SA) private wireless solutions for the industrial world. To be clear, we are not launching a test-kit or a trial. We are launching a ‘direct to 5G’ entry point for high-spec industrial use case validation, which will push the 5G ecosystem and leapfrog enterprises into the future with industrial applications such as robotics, mixed reality platforms, digital automation of operations, and 4K video."

    "Industrial first movers have already made early investments in 4.9G private wireless networks, including Nokia's 180+ private wireless enterprise customers, across industries such as transportation, energy, manufacturing and logistics, governments and cities."

    "We are offering customers the choice to start with 4.9G/LTE, which can cover 85% of existing use cases, then evolve to 5G as the ecosystem matures. Alternatively, they can go directly to 5G. We are working on 30 private 5G commercial engagements to make this a reality including first movers such as Lufthansa Technik, Deutsche Bahn and Toyota Production Engineering, which are already embarking on their 5G journey.

    https://www.nokia.com/blog/the-future-of-enterprise/
    Industry 4.0 Acceleration with 5G Standalone
    Industry 4.0 Acceleration with 5G Standalone
    www.nokia.com
  • N
    Nokia
    Verizon is playing catch up - and its plan will ultimately cost the company more.
    In 2019, it was reported that AT&T and T-Mobile both made it clear that they'll be using low-band spectrum- the kind they've already been using for LTE- to reach customers in suburban and rural areas with 5G. T-Mobile's acquisition of Sprint's mid-band spectrum (which is faster than what's used for LTE, but slower than millimeter wave) also provided T-Mobile with versatility and an advantage. Verizon needed some sort of solution to deliver 5g to people outside of cities. They could not do this - depending on millimeter wave - at least not everywhere. Verizon's CEO Hemmer stated at this time, "The speed that we get will be the speeds we're seeing now". (Remember, this was in 2019) - prior to the completion of T-Mobile's acquisition of Sprint.
    So has Verizon been transparent with its customers? If you go through how Verizon has handled transitioning into 5g, it seems like the company has put forth a "smoke and mirrors" approach to doing things. Secrecy, not providing factual information, not disclosing it's plan and vision.
    CNET reported on June 19, 2020: "Verizon launched the first "5G" service in the world in October 2018, but it's a bit of a technicality. The service, called 5G Home, is a fixed broadband replacement, rather than a mobile service. An installer has to put in special equipment in your house or apartment that can pick up the 5G signals and turn that into a WI-FI connection in the home so your other devices can access it." There was debate about whether this service even qualified as 5G. Verizon argued it did, but many other experts and telecom rivals dispute that claim. This was a blatant attempt to prop up Verizon - as the leader in telecom and 5g, but many saw this as publicity propaganda.
    So where is 5g with the 3 leading telecom companies? T-Mobile is the only one claiming nationwide coverage - with Nokia being an integral contracted company with T-Mobile in doing this. Nokia's seamless and tested 5g infrastructure has made it easy for T-Mobile to be the frontrunner in the 5g race thus far.
    AT&T plans to go nationwide by the end of summer - according to CNET.
    Verizon said it would use spectrum from its existing 4G network to power a more wide-ranging 5G network in the 2nd half of this year - but hasn't gotten too specific about its low band plan.
    (Continued in my next blog)
  • p
    paola
    Cramer said Nokia's products are expensive and other companies have better that is why stock went down and stayed down
  • A
    Abu
    NOKIA, ERICSSON PROMISE TO MAKE 5G IN INDIA, WHILE HUAWEI BEING REPLACED. European vendors Nokia and Ericsson have committed to make 5G network equipment in India, allowing local telecom operators to source network elements locally and contribute towards building the economy.

    https://economictimes.indiatimes.com/industry/telecom/telecom-news/nokia-ericsson-promise-to-make-5g-gear-here-airtel/articleshow/78228157.cms
    Bharti Airtel also works with Chinese gear vendors Huawei and ZTE in India for select circles. However, both Chinese vendors import their gear from other markets. Besides, Bharti Airtel has been reducing its dependence on Chinese vendors, especially
    Bharti Airtel also works with Chinese gear vendors Huawei and ZTE in India for select circles. However, both Chinese vendors import their gear from other markets. Besides, Bharti Airtel has been reducing its dependence on Chinese vendors, especially
    economictimes.indiatimes.com
  • V
    Vladimir
    NOK stock will take off if one of these options happen:

    - stock buy-back
    - dividend reinstated
    - head count reduction
    - fresh rumors of take-over
    - earnings beat

    My money is on:

    - earnings beat
    - dividend reinstated

    This should happen with Q3 earnings. New CFO will stress that NOK free cash flow keeps improving and dividend might be coming in 2021.
  • A
    Abu
    We learned this week, Nokia Software is number one worldwide in its field. Another successful unit is Nokia Enterprise: For the full year 2019, the Nokia Enterprise had revenues of #$%$1.4 billion, an increase of 18% in constant currency from 2018. Customers include Soci�t� du Grand Paris, Deutsche Bahn, SBB, Elektro, Florida Power & Light, UPMC, Lufthansa Technik, BMW, some of the world's largest webscale companies, and many others. From the ER for q2 2020: "...we now have more than 180 private 4G and 5G deals and 83 new enterprise customers that have been added so far this year as we continue to expand our footprint. Overall, I remain very pleased with the trajectory of this business. So far, our enterprise customer base has remained relatively resilient during the pandemic, and we continue to see a path to double-digit growth on a full-year basis. "
  • V
    Victor
    Nokia's next earning release for 3Q 2020 on October 30, 2020. Estimate for earning per share of $.06 and revenue of $6.28 billions. If Nokia exceeds these estimates, then we should be on our way up, else God have mercy upon us.
  • N
    Nokia
    President Trump promised that the U.S. will win the 5g race - in his RNC speech. With Nokia working closely with the U.S. DOD and government the last several years and with Nokia having a clean, seamless 4g to 5g implementation process, Nokia is a favored company for the U.S. Many factors point to U.S. selecting Nokia as at least one of the major players to quickly build its 5g network. 1) Ericsson is 60% owned by the Swedish-which would make it difficult for a U.S. company to buy it out. A buyout by Cisco, Qualcomm, or another 5g related company could happen 2) Bell Labs was once a U.S. company. Nokia has owned it for several years- giving comfort and familiarity to the U.S. gov- as a trusted source. 3) Nokia has had to go through many rigorous and long testing and confirmation processes that its 5g equipment and software works exponentially. Apple confirmed this via their contract with Nokia in Denmark, T-Mobile confirmed this via it's successful 5g infrastructure, Rakuten and Dish Network have confirmed this via their contracts with Nokia. It's reported that Dish went through months and months of rigorous trials, tests, and confirmations before selecting Nokia as one of their lead 5g companies.
    Trump promised a solution to the 5g issue for the U.S. and also promised to WIN the 5g race with China. Nokia looks like it will be one of the major companies to lead the implementation of 5g in the U.S.
    Also, it's been reported (by Deloitte) that China has spent $24 billion more thus far than the U.S- for 5g. It is estimated that China will spend $400 billion more in the next 5 years. Nokia stands to make many, many times more than the small amount it might have lost via Verizon, so once the wise investors realize this, big money will flood into Nokia- as everyone will want to jump onto Nokia's 5g bandwagon!
  • N
    Nokia
    Verizon's 5g plans could mean loss of customers and delays for carrier. In April 2019, PC Mag reported that "Verizon's 5g network is a few cells running early firmware that lacks key features." It continues, "the carrier seems to have been in a race with South Korea to be able to advertise the availability of the world's first 5g-capable phone." PC Mag also states, "I can't help but think this is one of the rare cases where the marketers won out over the engineers at Verizon. Lots of things are missing from this network."
    In July 2019, Verizon (as reported in the Verge) said it "has a secret 5g plan" - after T-Mobile's CEO called the company "clueless" and "dead in the water without a strategy". Verizon opted not to disclose its 5g strategy at this time and decided to keep quiet- saying that the silence offered the company a "competitive edge".
    In 2018, Verizon took great pride in being the first to roll out what it called "5g home broadband. Verizon's 5g Home was built upon its own, pre-standard 5g communication technology called 5g TF. While it does employ some core 5g tech like millimeter wave, Verizon's fixed home 5g internet felt like a rush job to get out ahead of the competition and be first in 5g (as reported in The Verge). Time has shown that Verizon has since halted 5g Home's rollout until it can switch everything over to the industry-backed 5g NR. This underlines that Verizon was more concerned about being "first" - instead of being transparent and professional in their 5g plans.
    (Read more in my next blog)
  • n
    nunya
    It appears that today will be not only interesting but painful for many. I can see that my portfolio is going to suffer today.
    All stocks are down pm and most for no news. They are just down. All I can say is trust your homework and don't panic.
  • R
    R802
    I normally don't like it when a company starts using cash for buying back shares, but with loan rates so low... NOK should start supporting share price with a massive buyback. They need to set up make higher revenue and profits, but also put a floor in the stock price! They need to state, ever share below X will be bought back by the company!
  • M
    Mykl
    The Bloomberg article (link won't post) fails to mention that Nokia is a leader in Open Ran and has embraced the technology - while Ericsson has stayed out of it and is losing ground there to Nokia.

    Nokia knows that this is the future for base station management and software, reducing the need for new hardware upgrades.

    Kudos to Suri and his team for taking this bold step a few years ago!
  • A
    Abu
    NOKIA REPLACES THE FORMER 4G PROVIDER IN AZERBAIJAN. Nokia today announced that it has expanded the 4G footprint of the Azerbaijan-based mobile operator, Azercell Telecom, with the installation of its AirScale 4G base stations at more than 1,400 sites across the country. Nokia is the sole supplier in this deal and will replace the former 4G provider and develop the network further. Azercell will also utilize Nokia Software’s NetAct Cloud network management system, which is cloud-agnostic and meets customer demands for software-only delivery. The deal includes Nokia’s services for network design, deployment, and optimization. Installation began at the end of 2018 and was completed in July 2020.

    https://www.nokia.com/about-us/news/releases/2020/09/17/nokia-expands-4g-footprint-of-azerbaijans-azercell/
    Press Release Nokia expands 4G footprint of Azerbaijan’s Azercell
    Press Release Nokia expands 4G footprint of Azerbaijan’s Azercell
    www.nokia.com
  • A
    Alexander
    Nokia is down to close at $4.09, but call option strike $4.50
    for Oct. 9, 2020 is actually UP 0.01 to close at 0.07
    on HUGE volume of 16,092 contracts)) Hope to see Nokia at $4.50+ soon !
  • n
    nunya
    Some lighter news. An asteroid the size of a bus is headed toward earth and is expected to pass by at a mere 26 thousand miles on September 24.
  • N
    Nokia
    President Trump during his RNC speech promised that the U.S. will win the 5g race (w/China). Trump also promised a solution to the U.S. 5g implementation (the 5g Clean Network bill states a date of Sept. 20, 2020- for something to be done). Because matters this complicated take time to develop so that all of the pieces are in place, those 2 bold statements by Pres. Trump says a lot.
    When analysts look at what 5g company the U.S. would consider, there are several that pop up. Nokia and Ericsson are the 2 major 5g players (other than Huawei-which has been banned). Forbes reported that Ericsson would be unlikely for a buy out by a U.S. company because it's 60% owned by the Swedes. The Edge and Barrons reported that Nokia would be the more likely candidate for a buy out by a U.S. company - because of the price and what it can offer. Cisco's CEO earlier this year ruled out interest by Cisco buying out Nokia, however, it was reported that many U.S officials still felt that incentives provided by the U.S. gov could sway Cisco to proceed. It is reported that Cisco really needs to add to its current portfolio - and analysts say that a buyout of Nokia would provide Cisco with better future. Qualcomm also has been mentioned - as Nokia and Qualcomm has worked closely together these past years (one prime example is with T-Mobile- which Cisco also worked on). What makes a Qualcomm-Nokia team-up interesting is that the 2 companies hold an extensive amount of 5g patents and licenses. Imagine the amount of royalties from mobile devices, etc. -both of these companies combined could reap.
    There are several factors that make Nokia a prime choice to be at least one of the major 5g companies chosen to build out and implement 5g for the U.S. 1) Nokia has worked for many years with the U.S. Dept of Defense -and has successfully completed many projects with the DOD and continue to do so. 2) Bell Labs was once one of the leading U.S. companies and the owner of many patents. The award winning Bell Labs has been owned by Nokia for years now and the familiarity and comfort level with the U.S. because it was once a U.S. company, is a factor. 3) Nokia is able to provide a seamless transition from 4g to 5g -without interruption. It is also easier to operate, takes less time to monitor and repair, and also can be implemented with any system (that belongs to other companies). This has been proven and this is a huge plus. 4) Nokia has proven with many large companies - to be reliable and has been chosen by companies like Apple (with their contract in Denmark), T-Mobile - which recently successfully launched it's 5g in the U.S., Rakuten (Japan) and Dish Network - which after months and months of trials, tests, and confirmations, selected and contracted Nokia. The wins and positive news that you read about every day with Nokia is not a coincidence, but is a statement of how many "wins" Nokia has - in comparison to other companies. Ask yourself, do you hear about Ericsson, Qualcomm, Huawei, ZTE, or any other major 5g player - as much as you hear about Nokia? Take each positive news as a confirmation of Nokia's strength in the industry - one that will dominate the 5g playing field for the next decade.
    It's reported (by Deloitte) that China has spent $24 billion more than the U.S. thus far on 5g and plan to spend more than $400 billion over the next 5 years. Once the U.S. confirms that Nokia is indeed one of the 5g companies that will be building out and be chosen to help the U.S. win the 5g race with China, everyone will want to invest in Nokia. When you look at which company the U.S. can rely on, trust, and also help to expedite 5g throughout our country, the company that stands out is Nokia. I am sure that there will be other companies - which will help expedite 5g infrastructure and implementation, however, Nokia will not be excluded. Trump knows that the U.S. has to win the 5g race (w/China) - and he is determined to do so.