- Benzinga•19 days ago
The year 2006 was a trying time for the U.S. economy, as GDP growth slowed along with job growth. The high-flying residential housing market landed with a thud. Consumers were stifled by rising debt burden. ...
- Zacks•last month
Nokia Corp.'s (NOK) acquisition of its rival company Alcatel-Lucent for $17.4 billion last year has transformed it into a formidable player in the global telecom infrastructure market.
- Barrons.com•2 months ago
As I mentioned this morning, Nokia (NOK) held its annual analyst meeting in Barcelona, and the company said that its core “Networks” division, the bulk of its revenue, will see sales decline next year as the overall market for telco gear contracts. The stock has gotten two downgrades today, one this morning from Merrill Lynch, from Buy to Neutral. Then, this afternoon, over the transom came a note from BMO Capital Markets’s Tim Long cut his price target to Market Perform from Outperform, and cut his price target to $4 from $6, writing that he was "way off on how bad the communications equipment market would be this year." He offers up the big numbers on that slumping market: Nokia’s primary market, which management sizes at €113 billion in 2016, is expected to grow 1% CAGR through 2021.
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