- Barrons.com•24 days 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.
- TheStreet.com•last month
Before you commit to a purchase, do your homework and take note of your intended recipient's age, interests and aptitude.
- Motley Fool•last month
The core networks business continues to face weak demand as the company works to integrate Alcatel-Lucent.
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