Nokia (NOK) Jumps: Stock Rises 9.3%

Nokia Corp. (NOK) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.66 to $7.03 since Jan 23.

The company has seen five positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Nokia. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

Nokia currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Investors interested in the wireless equipment industry could also consider ShoreTel, Inc. (SHOR), Comtech Telecommunications Corp. (CMTL) and Harris Corp. (HRS). While ShoteTel sports a Zacks Rank #1 (Strong Buy), Comtech and Harris have a Zacks Rank #2 (Buy).

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