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  • 24/7 Wall St.9 days ago

    Even With Alcatel Integration Woes, Why Nokia Shares Could Rise 70% or More

    Argus expects Nokia to face near-term challenges but believes that the company is well positioned for the development and roll-out of 5G networks over the next several years.

  • Benzinga9 days ago

    Argus Says Nokia Faces Near-Term Headwinds, But Remains Well-Positioned

    Argus’ Jim Kelleher believes the Q2 results reported by Nokia Corp (ADR) (NYSE: NOK ) highlight the challenges within the mature wireless networks market, which is poised between decelerating 3G/4G demand ...

  • Barrons.com20 days ago

    Nokia Off 4% on Q2 Revenue Miss; Sees Higher Expected Alcatel Cost Savings

    Shares of Nokia (NOK) are down 22 cents, or 4%, at $5.47, after the company this morning missed with its Q2 revenue result, and reported profit in line with consensus, and said it now expects to save more money on its integration of Alcatel in two years' time than it had originally. Sales in the three months ended in June declined by 11%, year over year, to €5.68 billion, including the historical results of Alcatel, which Nokia acquired earlier this year, yielding EPS of 3 Euro cents. Nokia’s CEO, Rajeev Suri, said that the results were “largely as expected and reflect solid execution in the midst of a challenging market and the ongoing integration of Alcatel-Lucent." He said sales and profit reflected in part "a meaningful negative impact from one of our major customers in Latin America." Suri lauded the company’s cost-reduction efforts, and also a patent settlement reached with Samsung Electronics (005930KS), which is expected to push Nokia’s licensing revenue to €950 million annually by the end of this year: During the quarter we continued to make excellent progress in many areas.