|Bid||0.00 x 45900|
|Ask||0.00 x 39400|
|Day's Range||9.70 - 9.89|
|52 Week Range||7.38 - 10.46|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.11 (1.11%)|
|1y Target Est||10.76|
HELSINKI/NEW YORK (Reuters) - About a dozen rural U.S. telecom carriers that depend on Huawei for network gear are in discussions with its biggest rivals, Ericsson and Nokia, to replace their Chinese equipment, sources familiar with the matter said. The carriers, which include Pine Belt in Alabama, and Union Wireless in Wyoming, are seeking discounted pricing and looking forward to government assistance but have yet to reach agreements, these sources said. Nokia and Ericsson declined to comment.
Increased market traction for reliable products and services will likely help BlackBerry (BB) to record higher revenues in first quarter fiscal 2020.
The UK’s likely plan to shut Huawei out of parts of its 5G networks makes little technical sense, according to the head of Ericsson’s US business, who warned that countries should choose either to allow companies complete access or none at all. Niklas Heuveldop, chief executive of Ericsson North America, said in an interview that any plan to allow a company such as Huawei to supply equipment to “noncore” parts of 5G networks but not the “core” misunderstands how the network will work.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. One of these stocks was Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC). Is Telefonaktiebolaget LM Ericsson (publ) […]
WASHINGTON , June 19, 2019 /PRNewswire/ -- Deployment includes Ericsson's 3GPP standards-based 5G New Radio (NR) hardware and software to macro cell sites across the Municipality of Anchorage Consumers ...
GCI combines its flagship metro fiber network and substantial radio spectrum holdings with Ericsson's industry-leading technology to deliver Alaska's first, standards-based 5G NR experience. ANCHORAGE, ...
The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions
WASHINGTON , June 17, 2019 /PRNewswire/ -- Cutting-edge Standalone New Radio (NR) software enables super-fast response times, and a new feature to rapidly extend 5G coverage New high-capacity Massive MIMO ...
Resolution of trade conflict with Mexico and high expectation of rate cut by the Fed enabled the technology sector to recover lost ground in June.
It's difficult to categorize Nokia (NYSE:NOK) as anything but a disappointment. Nokia shares have lost two-thirds of their value over the past decade. Recent performance hasn't been much better: NOK stock touched a 52-week low just last month.Source: Shutterstock The sense of disappointment goes beyond the stock price. This is a company that's offered promise repeatedly in recent years, with multiple potential catalysts for growth. The sale of its phone business to Microsoft (NASDAQ:MSFT) in 2013 brought in over $7 billion in cash, which was supposed to allow the Finnish tech company to focus on its networking business. The acquisition of Alcatel-Lucent was a supposed game-changer in driving so-called end-to-end sales.Nokia launched the Nokia 8 in 2017 to try and become a player in the smartphone business. It predicted the development of 5G wireless would be a significant driver for growth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those catalysts have played out. Nokia stock continues to drift downward. Revenue rose 1% in constant currency last year. Adjusted earnings declined.Nokia's CEO seems to insist that this time is different -- and he may be right. But investors would be wise to keep a skeptical attitude until he finally delivers on that promise. 5G and the Case for NOK StockHistory aside, there is an intriguing case for Nokia stock at the moment. NOK is cheap, at 13x 2020 EPS estimates. The company still has more than $2 billion in net cash on the balance sheet. And 5G development is on the way - with a major competitor potentially hamstrung. * 7 Stocks to Buy for the Coming Recession Nokia CEO Rajeev Suri addressed the company's 5G opportunity in an interview with Bloomberg this week. Suri said Nokia was competing well in 5G. China's Huawei, which clearly has taken share from Nokia in recent years, has been a target of the U.S. government based on national security concerns. But Suri argued that even that aside, "we compete quite favorably with Huawei".As for Scandinavian rival Ericsson (NYSE:ERIC), Suri claimed that Nokia wins "two-thirds of the time" when going up against them. The end-to-end offering now account for roughly half the company's pipeline of opportunities. Meanwhile, 5G demand continues to rise and Suri highlighted another opportunity in industrial IoT (Internet of Things). Suri's figures suggest demand in that part of IoT may be a bigger benefit to Nokia than 5G.Listening to Suri, it's easy to believe that NOK stock might finally be ready to rise. The opportunities are real, and substantial. European countries aren't putting the same pressure on Huawei as their U.S. counterparts, but the negative press surrounding that Chinese firm surely gives Nokia at least some sort of advantage. All told, Nokia looks ready to grow. At 13x earnings, Nokia stock isn't priced as such. Q1 Earnings and the Case Against Nokia StockThere are two problems with the case here, however. The first is that Nokia's first earnings were notably disappointing, leading NOK stock to drop 10%. And the second, again, is that Nokia has made promises before -- and had opportunities on which to capitalize.To be fair, Suri told Bloomberg that the company hadn't yet recognized revenue from signed contracts -- echoing commentary from Nokia after Q1. The company still sees significant 5G-related growth coming in the second half of the year. * 7 Dark Horse Stocks Winning the Race in 2019 But the company also admitted that full-year guidance would be tough to hit. And given the long-running credibility problems here, Nokia stock clearly has become a "show me" story. That's why investors sold so quickly after Q1 numbers: the fear is that Nokia is going to disappoint again. On the NOK Stock SidelinesThat risk colors the bull case for NOK stock, even at the lows. Networking is a tough business: even leader Cisco Systems (NASDAQ:CSCO) trades at just 16x forward earnings despite notably better results of late. Ericsson stock has been dead money for a decade. The same is true of Juniper Networks (NYSE:JNPR). Sure, 13x earnings for Nokia stock seems cheap … but it's not amazingly so in the context of the sector.Meanwhile, as intriguing as 5G appears, Nokia itself expects its addressable market to stay flat in 2019. Any revenue growth will have to come from market share gains and -- despite Suri's commentary and Huawei's struggles -- it's tough to have confidence in Nokia's ability to compete. It certainly hasn't done so in recent years.Nokia can prove skeptics wrong - and if it does, Nokia stock will gain. But until there's more than just optimistic talk backing up its growth potential, those skeptics, myself included, aren't changing their mind.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Is 5G Adoption Finally The Long-Awaited Catalyst For Nokia Stock? appeared first on InvestorPlace.
British telecom companies should show "all due caution" before using China's Huawei equipment in their 5G networks because the government cannot ignore the warnings from the United States, its digital minister said. Britain has found itself caught up in the diplomatic row between Washington and Beijing after the Trump administration told allies not to use Huawei's 5G equipment for fear it could allow China to spy on sensitive communications and data. Britain's National Security Council, chaired by Prime Minister Theresa May, had agreed in April to allow Huawei restricted access to non-core parts of the 5G network, but that decision has been put on hold following the U.S. intervention.
Indonesia's largest mobile service provider Telkomsel has selected Ericsson's (ERIC) NFV infrastructure (NFVI) core network technology for a major core network upgrade as it moves towards 5G deployment. Ericsson's core network solutions will enable Telkomsel to improve speed, efficiency and agility for its current business and for future opportunities.
Buyers availing the new AT&T (T) Business Unlimited Preferred plan can get the Samsung Galaxy S10 5G handset on the wireless service provider's 5G mmWave network.
Ericsson's (ERIC) June 2019 Mobility Report projects 1.9 billion 5G subscriptions, up from 1.5 billion anticipated in the November 2018 report, marking a surge of almost 27%.
WASHINGTON, June 11, 2019 /PRNewswire/ -- Rapid early momentum and enthusiasm for 5G has led Ericsson (ERIC) to forecast an extra 400 million enhanced mobile broadband subscriptions globally by the end of 2024. The June 2019 edition of the Ericsson Mobility Report forecasts 1.9 billion 5G subscriptions - up from 1.5 billion forecasted in the November 2018 edition - an increase of almost 27 percent. Other forecasts have also increased notably as a result of the rapid 5G uptake.