NOK - Nokia Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
5.13
-0.03 (-0.58%)
As of 3:40PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close5.16
Open5.16
Bid5.12 x 396000
Ask5.13 x 1400
Day's Range5.10 - 5.18
52 Week Range4.71 - 6.65
Volume24,712,866
Avg. Volume22,815,056
Market Cap28.274B
Beta (3Y Monthly)-0.05
PE Ratio (TTM)N/A
EPS (TTM)-0.19
Earnings DateN/A
Forward Dividend & Yield0.29 (5.71%)
Ex-Dividend Date2019-05-22
1y Target Est6.65
Trade prices are not sourced from all markets
  • What Kind Of Shareholder Appears On The Nokia Corporation's (HEL:NOKIA) Shareholder Register?
    Simply Wall St.11 hours ago

    What Kind Of Shareholder Appears On The Nokia Corporation's (HEL:NOKIA) Shareholder Register?

    Every investor in Nokia Corporation (HEL:NOKIA) should be aware of the most powerful shareholder groups. Institutions...

  • Tempting as It May Be, Nokia Stock Isn’t Going Anywhere
    InvestorPlaceyesterday

    Tempting as It May Be, Nokia Stock Isn’t Going Anywhere

    Ever since Apple (NASDAQ:AAPL) launched its now-iconic iPhone, Nokia (NYSE:NOK) has been in crisis mode. Of course, what has consistently dragged on the company is that it has never really left that mode. Nokia stock peaked around the $40 level in 2007. Today, you can pick up shares for a little over $5. Source: Shutterstock Of course, with such a low price point, this attracts contrarian buyers. After all, we're talking about Nokia stock, not some nameless, faceless upstart tooling around in the pink sheets. True, the Nokia brand isn't anywhere near as relevant as it once was. However, the Finnish telecom firm very much has clout.This is evident through the company's many wheeling and dealings. Recently, NOK announced that China Unicom (NYSE:CHU) selected Nokia's solution for the Chinese telecom's 4G and 5G networks . Significantly, China Unicom has a very ambitious target to deliver 5G wireless connectivity within this year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Plus, Nokia stock benefits from geopolitical tailwinds. Earlier this year, I wrote that our own telecom giant AT&T (NYSE:T) has "critical value beyond the print."Primarily, what underlines the U.S.-China trade war is the two sides' rush to dominate next-generation technologies. Thus, companies like AT&T represent more than just capitalistic concerns; rather, they facilitate the pathway for these technologies to advance American interests.Second, the trade war has temporarily erased Huawei - the largest supplier of mobile network technology - from the picture. That gives an obvious opportunity for NOK, and by logical deduction, Nokia stock.And as our own James Brumley pointed out, Nokia has struck with multiple awarded contracts. But is that enough for NOK stock? NOK Stock and the FundamentalsAdmittedly, when I saw Brumley's contribution towards Nokia stock, I only read the headlines. But it was enough of a catchy one that I decided to look at the price chart before reading what my colleague had to say.Again, at $5, NOK stock is a very tempting mistress. Not only is it still a relatively well-known brand, but it's also levered to an extremely viable business. Everyone that's anyone is racing for 5G dominance. Moreover, 5G has serious geopolitical and even military implications.Such an environment suggests that the next-gen telecom network will provide robust revenue channels. That's especially true for Nokia if it can claim first-to-market advantages in specific regions or technical subsegments.And to Brumley's argument, Nokia is securing contracts with big names, such as China Mobile (NYSE:CHL), Sprint (NYSE:S), T-Mobile (NASDAQ:TMUS) and BT Group (NYSE:BT). Obviously, these are big tailwinds for NOK stock.But what isn't so appealing is trading sentiment. Specifically, Nokia has no discernible correlation with revenue trends. For instance, from the first quarter of 2013 through Q1 2019, Nokia shares and revenue had a correlation coefficient of -20%. Between Q1 2016 through Q1 2019, the correlation inversely strengthened to 34%. However, this is still not a statistically significant relationship. Click to EnlargeWhy does this matter? Because you really want your core investments to make rational sense. In other words, if Nokia's management says they're on a recovery path, I don't expect NOK stock to jump just on that alone. However, if Nokia proved its point through sales increases, I expect shares to steadily tick higher.Longer-term, that hasn't happened. For example, in Q4 2015, Nokia rang up only $3.95 billion in sales. Three years later, the company delivered revenue of $7.84 billion. Still, shares dropped on average from $6.31 to $5.57. Nokia Stock Is an Interpretive ArtworkIn my last article about NOK stock, I suggested that it was nothing more than a short-term trade. Largely, I feel the same way because of the lack of rationality in the market.However, I concede that this lack of rationality also presents an opportunity. To quote Brumley, Nokia "has gotten little to no credit for its newly-won contracts, as investors struggle to get past the company's disappointing first-quarter results."Perhaps the reason why Nokia stock has little correlation with the fundamentals is that most folks simply don't recognize the opportunity. Therefore, if you take the risk now, you potentially have a front-row seat to a massive recovery.But it could also mean that the markets have reason to doubt Nokia. Brumley even conceded that Q2 2019 numbers may not look great.And let's remind ourselves why Q1 figures were so disappointing: Nokia failed to supply 5G telecom equipment in time. Stated differently, if you buy Nokia stock, you're doing so on technical potential, not on proven fundamentals.As of this writing, Josh Enomoto is long T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Tempting as It May Be, Nokia Stock Isn't Going Anywhere appeared first on InvestorPlace.

  • Nokia (NOK) Gains As Market Dips: What You Should Know
    Zacks2 days ago

    Nokia (NOK) Gains As Market Dips: What You Should Know

    Nokia (NOK) closed the most recent trading day at $5.12, moving +0.39% from the previous trading session.

  • Seriously, Nokia’s 5G Portfolio Makes NOK Stock Worth a Shot
    InvestorPlace6 days ago

    Seriously, Nokia’s 5G Portfolio Makes NOK Stock Worth a Shot

    Back in late May, yours truly suggested the 5G opportunity Nokia (NYSE:NOK) has ahead of it made NOK stock a buy. The 37 commercial 5G contracts Nokia had inked at the time was lighting the path ahead for Finland's telecom-tech giant, despite the fact that NOK was still facing its share of headaches.Source: Shutterstock In the meantime, the figure has been ramped up to 42 contracts. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond But that early-June news did nothing to bolster beaten-down Nokia stock. However, a rebound of NOK stock may be in the works. The comeback is just going to take some time to pan out, as NOK does indeed appear to have become a "show me first" stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe show is coming. Setting the StageOne of the 42 5G deals that NOK has received was with Taiwan Star Telecom, which is growing its existing network to prepare for 5G service. It was the "off the shelf," complete nature of Nokia's portfolio that made NOK the easy choice for TST.China Mobile (NYSE CHL) confirmed at last month's Mobile World Congress that it would be the first to utilize Nokia's Massive MIMO solution, laying the ground work for its 5G network. China Unicom (NYSE:CHU) announced on Wednesday that Nokia's optical fronthaul hardware would help usher in its foray into 5G. Sprint (NYSE:S), T-Mobile (NASDAQ:TMUS) and BT Group (NYSE:BT) are all also tapping Nokia for help on the 5G front.Given NOK's confirmed 5G contracts, CEO Rajeev Suri's June comment that his company wins "two-thirds of the time" when competing with rival Ericsson (NYSE:ERIC) for new business isn't a tough idea to believe. His company is making new deals at a pace Ericsson has somehow been unable to keep up with.But that just hasn't mattered to investors, who ultimately dictate the price of NOK stock. Slow Moving, But Not That SlowWhen Nokia's CEO, Suri, commented in May that "5G is not the future anymore. It is here, and Nokia is leading it. We are winning deals and rolling out some of the world's first 5G networks" he didn't necessarily mean that NOK was literally in the process of rolling out 5G networks.For that matter, he didn't mean that it would launch the networks during that week or month. It can take several weeks -- if not months -- just to put the new hardware in place and put it into operation. In some cases, the installations called for by inked contracts likely aren't even scheduled to happen until next year.Revenue from such deals can't be booked yet, of course, and none has been. NOK made that point in conjunction with its Q1 report, and Suri reiterated it last month. The publicly available details of those contracts are minimal, at best; NOK doesn't divulge the specifics of deals it makes, nor should it.With 42 contracts in hand, however, analysts and investors alike are arguably underestimating how much revenue is in its pipeline for the latter part of this year and all of next year.Meanwhile, NOK will sign additional 5G deals, which aren't factored into most analysts' estimates.Analysts' alarmingly anemic average estimates for NOK adds further credence to that theory. They've estimated that its revenue will drop by 3%, and only recover by about as much in 2020. The following year's revenue growth outlook is only marginally better. Earnings per share is projected to improve at a faster clip, but still modestly, and still not rapidly until 2021. Click to EnlargeIt's going to take some time for Nokia's 5G opportunity to bear fruit, but it may not take nearly as much time as the pros are suggesting. The Bottom Line on NOK StockSo far, NOK has gotten little to no credit for its newly-won contracts, as investors struggle to get past the company's disappointing first -quarter results. Unfortunately, the upcoming second -quarter results may be equally disappointing.Any Q2 trouble may already be more than priced into Nokia stock, though.Whatever's in the cards, from Q3 on, the telecom technology giant is far better positioned to top revenue and earnings estimates than most investors appear to believe. The weakness of Nokia stock since April is still a dip worth buying if you can stomach a few quarters of volatility.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Seriously, Nokia's 5G Portfolio Makes NOK Stock Worth a Shot appeared first on InvestorPlace.

  • Telecom Stock Roundup: Qualcomm Wins EU Battle, AT&T's Streaming Service & More
    Zacks7 days ago

    Telecom Stock Roundup: Qualcomm Wins EU Battle, AT&T's Streaming Service & More

    While Qualcomm (QCOM) will have the freedom to adopt a range of technologies for Internet-connected cars, AT&T (T) will mark the debut of streaming service with HBO Max in spring 2020.

  • Cisco (CSCO) to Acquire Acacia Communications (ACIA) for $2.6 Billion
    Zacks9 days ago

    Cisco (CSCO) to Acquire Acacia Communications (ACIA) for $2.6 Billion

    Cisco Systems (CSCO) announced early Tuesday that it has entered into an agreement to acquire Acacia Communications (ACIA) for approximately $2.6 billion net of cash and marketable securities.

  • Nokia Careful Not to Upset Beijing as It Courts Huawei Customers
    Market Realist9 days ago

    Nokia Careful Not to Upset Beijing as It Courts Huawei Customers

    The restrictions that Huawei is facing in Western countries are expected to benefit competitors such as Nokia.

  • Nokia (NOK) Stock Moves -0.4%: What You Should Know
    Zacks10 days ago

    Nokia (NOK) Stock Moves -0.4%: What You Should Know

    In the latest trading session, Nokia (NOK) closed at $5.04, marking a -0.4% move from the previous day.

  • Nokia's (NOK) 5G Portfolio is Set to Modernize TST's Network
    Zacks10 days ago

    Nokia's (NOK) 5G Portfolio is Set to Modernize TST's Network

    Nokia's (NOK) end-to-end 5G-ready portfolio will enable TST to expand coverage in the 900MHz/2600Mhz band across Taiwan.

  • Now Definitely Is Not the Time to Give up on Nokia Stock
    InvestorPlace10 days ago

    Now Definitely Is Not the Time to Give up on Nokia Stock

    Nokia (NYSE:NOK) stock continues to struggle. Amid its most recent earnings disappointment, Nokia stock has fallen back toward the $5 per share level.Source: Shutterstock This price action merely keeps Nokia stock in the range in which it has traded for more than two years. However, the recent price action, as well as political factors, help to make it a more appealing equity for income investors.Nokia is no stranger to transformation. Nokia lead the market in cell phone sales before Apple's (NASDAQ:AAPL) iPhone made its phones obsolete. Also, the company began as a pulp mill in the 19th century and even made toilet paper as late as the 1960s. Given that change, the move from cell phones to 5G telecom equipment does not seem that dramatic.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, making the transition to a new industry and translating that into stock gains remain two different propositions. Here, NOK has stumbled amid stagnant stock growth and a huge earnings miss that has taken Nokia stock back to the $5 per share range. * 7 Retail Stocks to Buy That Are Down in 2019 In terms of stock growth, I think my colleague Luke Lango correctly pegged NOK as a "show me proposition." It still trades more than 80% below levels Nokia saw in its glory days before smartphones hit the market. Moreover, despite leading the way in 5G equipment, it has generated anemic revenue growth. Decline Boosted Nokia's payoutThat said, Will Ashworth has also pointed to the bright dividend prospects. The current 29-cent per share dividend yields over 5.6% as of the time of this writing. This greatly exceeds the payouts of peers such as Cisco (NASDAQ:CSCO) and Ericsson (NASDAQ:ERIC), both of whom have seen higher stock price growth than NOK over the last two years.I see a case for income-oriented investors buying NOK at these levels. The stock has traded in a range for the last 2.5 years. Earnings growth will provide the needed cash to maintain the payout. Also, while it does not sell at the absolute low point of this approximate $4 per share to $7 per share range, I see only limited downside. Nokia and the Trade WarMoreover, to Lango's point, NOK could get its chance to "show me" thanks to the U.S.-China trade war. Its domicile in Finland may work to the company's advantage. China Mobile (NYSE:CHL) had signed contracts with both Nokia and Ericsson for 5G equipment before negotiators announced a recent truce. Despite the dominance of China-based Huawei In that country, this shows that Chinese companies still want to establish relationships with key Western 5G vendors.Also, I think the on-again, off-again restrictions on Huawei could still help bring more business to NOK. The tenuous nature of the sanctions keeps Huawei under a cloud of uncertainty. Despite this change of heart, the Trump Administration could re-impose sanctions on Huawei at any time should trade talks break down.Communications firms can avoid this risk by choosing a vendor like Nokia. Although some companies will choose Ericsson, having one less competitor still helps NOK. While it still has much to prove, NOK appears well-positioned for dividend investors from both technological and political perspectives. The Bottom Line on Nokia StockNOK stock appears well-positioned to deliver returns for investors thanks to its dividend and the current political climate. Yes, other equities such as Cisco and Ericsson have delivered higher stock price growth in recent years.Still, the latest drop in NOK to the $5 per share range has taken its dividend yield above 5.6%. At nearly triple the S&P 500 average, this makes Nokia stock attractive to investors who need to generate cash.Furthermore, its base of operation in Finland keeps the company at arms-length from the U.S.-China trade war. Not only can it attract business in China, but it should also win clients in other countries from those fearful that Trump will again impose sanctions on Huawei.With a generous cash return now and possible stock appreciation coming later, NOK can serve investors well on two fronts as it helps to bolster the world's move into 5G.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs -- Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post Now Definitely Is Not the Time to Give up on Nokia Stock appeared first on InvestorPlace.

  • GlobeNewswire13 days ago

    Taiwan Star Telecom expands LTE services and prepares for 5G migration with Nokia end-to-end portfolio

    Espoo, Finland- Nokia today announced that TST (Taiwan Star Telecom) has chosen the Nokia end-to-end (E2E) solution to expand the coverage and capacity of its LTE network to support subscriber growth. The new solution will also enable TST to offer narrowband Internet of Things (IoT) services, as well as prepare TST to migrate to 5G services in the future.

  • Telecom Stock Roundup: AT&T Mulls Divestitures, Ericsson's Smart Factory & More
    Zacks14 days ago

    Telecom Stock Roundup: AT&T Mulls Divestitures, Ericsson's Smart Factory & More

    AT&T (T) is considering the sale of its four regional sports networks to trim debt, while Ericsson (ERIC) plans to build its first fully automated smart factory in the United States.

  • Nokia's Oulu Factory Selected as Advanced 4IR Lighthouse
    Zacks14 days ago

    Nokia's Oulu Factory Selected as Advanced 4IR Lighthouse

    Nokia's (NOK) Oulu factory, which produces 1,000 4G and 5G base stations per day, employs private 4.9/LTE network, IoT analytics on Edge Cloud and other technologies.

  • GlobeNewswire15 days ago

    Nokia's digitalization of its 5G Oulu factory recognized by the World Economic Forum as an "Advanced 4th Industrial Revolution Lighthouse"

    Nokia's 5G "factory of the future" in Oulu, Finland was selected by McKinsey and the World Economic Forum as an Advanced 4th Industrial Revolution (4IR) Lighthouse, reflecting leadership and proven success in adopting and implementing 4IR technologies at scale. Leveraging Nokia technologies to digitalize its own pre-production facility demonstrates Nokia's ability to digitally transform and modernize its customers' manufacturing facilities for Industry 4.0.

  • Nokia (NOK) Outpaces Stock Market Gains: What You Should Know
    Zacks16 days ago

    Nokia (NOK) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Nokia (NOK) closed at $5.06, marking a +0.6% move from the previous day.

  • Benzinga17 days ago

    Needham: Acacia Communications In Lead With Digital Signal Processing Development

    Acacia Communications, Inc. (NASDAQ: ACIA ) is achieving rapid new digital signal processing introductions, which should allow the company to gain share, lock in customers and strengthen its competitive ...

  • GlobeNewswire17 days ago

    Nokia and SAC Wireless answer call for trained 5G cell tower crews with military veterans program as 5G deployment ramps up in the U.S.

    Press Release Nokia subsidiary, SAC Wireless LLC, offers world-class training centers around the country through its Warriors 4 Wireless recruitment and training.

  • Dividend Investors Should Buy Nokia Stock
    InvestorPlace20 days ago

    Dividend Investors Should Buy Nokia Stock

    If there's a more boring large-cap stock than Nokia (NYSE:NOK), I'd love to know which one it is. On the surface, NOK stock does not seem very appealing, since it's been in the doldrums for at least the past 36 months. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's hard to believe, but in 2000, NOK stock traded around $60 per share. As recently as 2007, it sold for nearly $40. Now around $5, Nokia stock doesn't excite investors much. * The 7 Top Small-Cap Stocks Of 2019 Nonetheless, I've got two reasons why dividend investors ought to give NOK the time of day. A Great DividendNOK stock is currently yielding nearly 6%. Of the 86 stocks listed on a U.S. stock exchange with a market cap of $2 billion or more and a stock price less than $10, Nokia's dividend yield is the 19th highest, according to Finviz.com. Of stocks with a market cap greater than $10 billion and a share price that's less than $10, it's the sixth highest out of 26 stocks. The market cap of Nokia stock is $27.7 billion. It finished the first quarter with $7.6 billion of cash and short-term investments. That means it's currently trading at 3.6 times cash. By comparison, Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:MSFT) are trading at 7.8 and 11.5 times cash, respectively. I would never confuse NOK with Apple and Microsoft. However, Nokia decided this quarter to pay a quarterly dividend of 0.05 euros per share and is authorized to pay out up to an additional 0.15 euros through February 2020. In U.S. currency, that's 23 cents per share for the entire fiscal year. NOK is not going to be a home run for investors. But it has net cash of $2.6 billion and will only pay out up to $1.3 billion of dividends in its current fiscal year. As a result, there's zero likelihood that investors won't receive their dividends, making NOK quite appealing to income investors. 5G to the Rescue?InvestorPlace columnist Luke Lango recently discussed the pros and cons of buying Nokia stock. A lot of his thoughts focused on the move to 5G in the U.S. and around the world. "Nokia is at the heart of the 5G pivot. The company makes and sells the end-to-end networking solutions, which are essentially the building blocks for 5G coverage. NOK has also won over 40 5G contracts, which is more than any other components provider. Essentially, these deals make them the global end-to-end 5G-solutions leader," Luke stated in an article published on June 19. If 5G becomes widespread, NOK is ideally positioned to take advantage of that trend. As a result, in such a scenario, its profits and dividend yield will rise, while NOK stock will climb to double digits. That's a big "if," but given NOK once ruled the wireless industry, it's not impossible to imagine it making a comeback. The Bottom Line on Nokia StockHowever, as Lango warned, Nokia has had an uncanny ability to report horrible quarterly earnings, leaving most investors highly suspicious of its outlook. Frankly, investors would have to be crazy to buy Nokia stock based on the hope that 5G will boost its stock. That could happen. But NOK also could fall flat on its face and miss the opportunity entirely. I think NOK will land somewhere in the middle, which isn't half bad, since it pays such an attractive dividend. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Dividend Investors Should Buy Nokia Stock appeared first on InvestorPlace.

  • Elizabeth Warren, moderate?
    MarketWatch21 days ago

    Elizabeth Warren, moderate?

    Wall Street may fear Elizabeth Warren, but her plans are actually quite moderate, writes Tim Mullaney.

  • Nokia's New Massive MIMO Solution Chosen by China Mobile
    Zacks21 days ago

    Nokia's New Massive MIMO Solution Chosen by China Mobile

    Nokia's (NOK) AirScale Massive Multiple Input Multiple Output Adaptive Antenna solution helps operators to concurrently deliver 4G and 5G services while controlling costs.

  • GlobeNewswire21 days ago

    Kalmar, Ukkoverkot and Nokia build a wireless digitalization infrastructure for port and terminal R&D

    Press Release Kalmar and Ukkoverkot have signed a two-year co-operation agreement with Nokia Kalmar will employ a private wireless network for research and development.

  • GlobeNewswire21 days ago

    Zain brings 5G to Saudi Arabia with Nokia

    Zain Saudi Arabia (Zain KSA), one of the world's first 5G network operators, is bringing unprecedented change to the Kingdom of Saudi Arabia with the roll out of its 5G network using Nokia's end-to-end portfolio. As well as enhancing mobile broadband services in the Kingdom, the ultra-high bandwidth and low-latency 5G network will enable new applications and services for advanced industrial automation, improved education, healthcare, entertainment, and more. Sultan Abdulaziz AlDeghaither, CEO of Zain KSA, said:  "Zain Saudi is a pioneer in introducing next-gen telecoms services and with this 5G deployment we continue that tradition as we will launch a wide range of new applications and services for our customers.

  • GlobeNewswire22 days ago

    Rekor Systems Selected by Nokia to Provide Automatic License Plate Reader Software as Part of Nokia’s Analytics Solutions

    COLUMBIA, Md., June 26, 2019 -- Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor"), a leading provider of innovative vehicle recognition systems, announced today it has been selected.

  • GlobeNewswire22 days ago

    China Mobile first to deploy Nokia's new Massive MIMO solution, accelerating the transition to 5G services

    Nokia has announced that China Mobile (CMCC) will adopt its new AirScale mMIMO Adaptive Antenna (MAA), created specifically for the massive bandwidth and coverage requirements of the Chinese market as it transitions to 5G. Building on CMCC's leadership in the 2.6 GHz 5G ecosystem, the Nokia MAA ensures that, as one of the world's biggest operators, CMCC can more efficiently allocate network resources between 4G and 5G users and address the demand for high-bandwidth 5G use cases.