( Nokia ): What a difference a year makes. At this time in 2014, Nokia was still a mobile phone manufacturer, along with its networking and maps businesses. But with a new year comes a new Nokia, and investor's would be wise to take notice.
The new Nokia is a streamlined, revenue-producing machine consisting of three business units. In the recently completed Q3, $3.4 billion of Nokia's $3.9 billion in total revenues came from its high-performing Network unit. Like each of Nokia's business units, Networks improved compared to Q3 2013, up 13%. Nokia's highly regarded mapping solutions, also enjoyed double-digit growth in revenues compared to 2012.
Nokia's valuable patent portfolio continues to pay handsomely as demonstrated by the 9% improvement from the Technologies unit, the group responsible for maintaining, and growing, Nokia's patent properties. With so much sales growth, earnings up 50% year over year, a 2% dividend yield, and future guidance above earlier estimates, Nokia's share price must be flying high, right?
Luckily for investors, the answer is no. The first trading day of 2014, Nokia was priced at $7.94 a share, slightly above today's share price. Why? Nokia hasn't shed its underdog reputation despite its solid performance, and therein lies the opportunity for investors in 2015. In addition to expectations for continued growth along with its decent dividend, Nokia is trading at a very respectable 19 times future earnings. That's not quite bargain-basement pricing, but it does represent good value.
Probably they're using Chinese currency for some reason?
As per my notes estimates for FY 2014 earnings per share is $6.24, up from $4.90 in 2013..
yes/ do a little more DD. Read barrons tonight. Another ride tuesday, up
Sentiment: Strong Buy
Stock sells at 200 and change, but analyst's average price target is listed by yahoo at well over a thousand. P.E. in the key numbers section is shown jumping to around 4 and earnings are projected in the 50 range. Obviously this is not true (or the stock would be selling higher) and has something to do with the way yahoo is reading and compiling the information. Anyone understand this?