|Bid||6.14 x 90000|
|Ask||6.15 x 96200|
|Day's Range||6.18 - 6.24|
|52 Week Range||4.04 - 6.65|
|PE Ratio (TTM)||-48.67|
|Dividend & Yield||0.18 (2.93%)|
|1y Target Est||N/A|
Telecoms gear maker Nokia is likely to see a boost to quarterly earnings on Thursday from a recent patent licensing deal with Apple that offsets weak demand in its main equipment business from network operators. In a Reuters poll of analysts, Nokia's networks sales are seen falling 3 percent in the second quarter from a year ago, while revenues from its technologies unit, including patent royalties, are seen up 40 percent following the deal with Apple.
Currently trading at around $6.20 per share, NOK stock is still cheap by most valuation metrics. From my vantage point, investors looking for a potential breakout stock should pounce on Nokia, which should trade near $8 when applying a 20 multiple to next year’s earnings, which puts NOK in line with the S&P 500.
HMD Global’s rollout of its Android-powered Nokia-branded smartphones continue. Many of the geekerati are waiting for the heavy-hitter, the big-cheese, the numero-uno, the specs-with-everything Nokia 8 handset. And we’ve just had our best look at it yet.