|Bid||70.86 x 100|
|Ask||71.06 x 9800|
|Day's Range||70.91 - 71.14|
|52 Week Range||63.38 - 75.27|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.32%|
Some new exchange-traded funds are well-timed. Others, not so much. To be fair, good timing with new ETFs is often a matter of coincidence, but as the old saying goes, “it's better to be lucky than good.” ...
One of the more notable themes in the world of exchange-traded funds last year was investors affinity for international equity funds. When 2017 drew to a close, five of the year's top 10 asset-gathering ...
Recently, Melita announced that it has partnered with Ericsson (ERIC) to modernize its mobile networks. Melita is a telecommunications company that provides services in verticals including cable television, broadband Internet, and mobile telephone. Melita Mobile should now be able to provide customers with a 4.5G mobile network with initial Internet speed up to 200 Mbps.
Nokia (NOK) has a dividend yield of 4.4%, indicating an annualized payout of $0.24 per share and a dividend payout ratio of 61.2%. Peer companies Cisco (CSCO), Juniper (JNPR), and Europe’s (EFA) Ericsson (ERIC) have dividend yields of 3%, 2.9%, and 2%, respectively. The company completed its share repurchase program of 1 billion euros as well as its 7 billion capital structure optimization program, which it announced back in October 2015.
In 4Q17, Nokia’s (NOK) Networks segment experienced YoY (year-over-year) growth in mobile networks, applications and analytics, and IP (Internet protocol) and optical networks driven by strength in its product portfolio. Nokia has stated that the performance of its AirScale product has been good. Earlier this year, Nokia announced that it had partnered with NTT DoCoMo (DCM) in the 5G (fifth-generation) space.
Mobile networks have been focusing on individual customers through voice and SMS (short message service) in 2G (second generation) and Web browsing, video streaming, and high-speed Internet in 3G (third-generation) and 4G (fourth-generation) technology. The transition to 5G (fifth-generation) technology is expected to serve consumers as well as industries. Applications such as 4K and 8K video streaming VR (virtual reality) and AR (augmented reality) will mean a requirement for higher bandwidth, greater capacity, and increased security.
Fitbit (FIT) stock has fallen 12.5% since the firm announced its 3Q17 results on November 1, 2017. Fitbit has been affected by declining sales over the last two years, and the company has attributed this fall in sales to saturation in developed markets in the United States and Europe (EFA). Although Fitbit has introduced various products in the last two years, device sales haven’t met expectations. Fitbit’s management is still optimistic about long-term device sales and had stated that Fitbit was the number-one Health and Fitness application downloaded on iOS and Android (GOOG)(GOOGL) in 3Q17.
Qualcomm’s (QCOM) annual shareholder meeting is scheduled for March 6, 2018. The annual meeting presents an opportunity for Qualcomm shareholders to have their say on how the company is run. On January 24, The European Union’s (EZU) antitrust agency fined Qualcomm ~$1.2 billion.
The recent stock-market rout counted as a major risk-off move by investors, but it was the least stock-like stocks that bore the brunt of the selling.
Highlighting the performance of the mainframe business in fiscal 4Q17, IBM stated, “we delivered 71% revenue growth at constant currency, and we had the largest shipped MIPS in any quarter in its history.” 4Q17 was the first full quarter for the next generation of its z system, the z14 mainframe, which was launched in July 2017. Thus, the mainframe product refresh cycle in 4Q17 helped the company to report revenue growth. It remains to be seen whether this performance can be maintained.
Earlier in the series, we discussed IBM’s (IBM) fiscal 4Q17 results, which marked the first time that the company reported revenue growth after 22 straight quarters of revenue decline. Europe (EFA), the Middle East, and Africa posted $7.2 billion, while Asia-Pacific posted ~$4.5 billion. While the Americas region posted 3% growth in its revenues, Europe and Asia-Pacific posted a decline of 1% and 2%, respectively.