5.82 +0.02 (0.34%)
After hours: 7:56PM EDT
|Bid||5.79 x 38500|
|Ask||5.80 x 312500|
|Day's Range||5.75 - 5.81|
|52 Week Range||5.07 - 6.65|
|Beta (3Y Monthly)||-0.06|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.24 (3.88%)|
|1y Target Est||7.07|
NEW YORK, NY / ACCESSWIRE / April 23, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq.
Nokia is making 5G deployments faster and more cost-efficient with its patent-pending 5G virtual testing environment. In its over-the-air validation area in Oulu, Finland, Nokia works with operators to simulate massive MIMO antenna beamforming performance by combining physical testing with a leading edge virtual environment.
Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Nokia Corporation (NOK) securities between October 25, 2018 and March 21, 2019 (the “Class Period”). Investors have until June 18, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Nokia lawsuit, please go to https://bespc.com/nok/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Nokia Corporation (“Nokia” or the “Company”) (NYSE: NOK) securities between October 25, 2018 and March 21, 2019, inclusive (the “Class Period”). Nokia investors have until June 18, 2019 to file a lead plaintiff motion.
The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGO(Continued from Prior Part)Jacobs drops Qualcomm takeover bid At least two developments this month have served to eliminate uncertainties over the fate of Qualcomm (QCOM). First is the
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Nokia Corporation (“Nokia” or the “Company”) (NOK) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Nokia securities between October 25, 2018 and March 21, 2019, both dates inclusive. Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/nok.
Nokia (NOK) is likely to report lower y-o-y revenues in Q1 due to risks arising from delay in project timings and deliveries despite ramp up of 5G deliveries, particularly in North America.
Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Tom v. Nokia Corporation et al., (Case No. 1:19-cv-03509), on behalf of persons and entities that purchased or otherwise acquired Nokia Corporation (NYSE: NOK) (“Nokia” or the “Company”) securities between October 25, 2018 and March 21, 2019, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). On March 21, 2019, the Company disclosed that it had been, “made aware of certain practices relating to compliance issues at the former Alcatel Lucent business [acquired by Nokia November 2016] that have raised concerns.'' Nokia then advised investors that it had initiated an internal investigation and that it was cooperating with regulatory authorities to resolve the matter.
Nokia CorporationStock Exchange ReleaseApril 18, 2019 at 9:00 (CET +1) Nokia provides recast comparative segment results and additional financial disclosures for 2018.
Nokia (NYSE:NOK), which reinvented itself this decade as a telecom equipment supplier, is still waiting for the 5G gold rush.Source: Shutterstock The new mobile phone standards will require new base stations and radios that can handle both huge amounts of data and new swaths of frequency bandwidth.The question has always been how fast, and how urgent, the equipment gold rush will be. There is also the question of how much of that gold Nokia will get.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's because, while Nokia owns old-line phone equipment brands Alcatel and Lucent, it's not the only supplier. Ericsson (NASDAQ:ERIC), also once known as a mobile phone brand, is in the market. So is Samsung (OTCKMKTS:SSNLF). The market power of Chinese competitors Huawei and ZDF, and U.S. startups like privately held Altiostar Networks, which recently won Rakuten's business in Japan with a software upgrade, will also be tested this year. The First QuarterThe first clues to Nokia's success will come in the March quarter report, now due to be delivered April 25. Analysts are expecting profits of 3 cents per share, about $170 million, on revenue of $5.77 billion. * 10 Best Stocks to Buy and Hold Forever Any profit would be welcome because Nokia hasn't had a positive bottom line since 2015. That year was also the heart of the 4G buildout. Since then, network owners have been buying frequencies or hoarding cash, to prepare for the technology now being introduced.Analysts will be looking, not just to the numbers, but to Nokia's success in winning 5G contracts. Network operators are looking to stagger their rollouts, spreading the cost out over several years. Nokia is also facing unspecified "compliance issues" at Alcatel-Lucent, the base station equipment unit it acquired in 2016 .Those problems, which don't seem to be shared by its primary competitors, are behind the Goldman Sachs (NYSE:GS) "sell" rating on Nokia, issued April 15, that hit the stock hard. Goldman notes that Samsung recently won the business of Verizon (NYSE:VZ) and that Huawei is now equal to Nokia in market share. Nokia, Not NokiaConsumers have been seeing Nokia phones in stores for three years.But while these phones are Nokia-branded, and the company gets royalty payments on them, they're the product of another company. That's HMD Global, staffed by former Nokia executives, who picked up the business from Microsoft (NASDAQ:MSFT) in 2016 and have their phones made by Foxconn, the same people who make the Apple (NASDAQ:AAPL) iPhone. The designs are built around Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) Android software.The hope was that HMD phones would be a credit to the Nokia brand, but there are problems. Some went to the wrong countries, sending data back to China. The company's head of design left. The new designs, which compete with the Samsung Galaxy line, are drawing indifferent reviews, due to issues that should have been ironed out in the design phase. The Bottom LineGiven the collapse of Nokia after the launch of the iPhone, it is remarkable that it remains a consumer brand and an industry player.But it's not yet a winner.Analysts are hoping Nokia can earn 42 cents per share next year, which would make the stock dirt cheap at its April 17 price of $5.70 per share, a forward price to earnings multiple of just 14.Whether it can hit that mark, however, is increasingly questioned. There are 30 analysts following the stock, and five have downgraded it in the last three months, with less than half now saying you should buy it.I wish the company well, but not with my money.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in MSFT and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Nokia Stock Is Still Waiting for the 5G Gold Rush appeared first on InvestorPlace.
German car parts maker Continental and French rival Valeo have joined Daimler and Bury Techologies to seek an EU antitrust investigation into Nokia's patent licensing practices for cars, the Finnish tech company said on Wednesday. Last month, German carmaker Daimler and Bury complained to the European Commission about Nokia's patents essential to car communications.
Are These Tech Stocks Overvalued after Nearing 52-Week Highs?(Continued from Prior Part)Stock returnsTechnology hardware company Cisco Systems (CSCO) has generated returns of 31% in the last 12 months. The stock was volatile last year but managed to
Traders weren't nearly as stoked about stocks on Monday as they were on Friday. In fact, the S&P 500 fell just a hair yesterday, never even really threatening to eclipse record-high levels met in September of last year.Goldman Sachs (NYSE:GS) was a key driver of the slight loss. Shares of the investment bank fell 3.8% following a lackluster first-quarter report. Nokia (NYSE:NOK) lost more ground, though, falling a little more than 5% after Goldman downgraded the tech company on concerns it would struggle to keep up with its competition.At the other end of the spectrum, Bio-Path Holdings (NASDAQ:BPTH) made a huge 33% gain on news that it was not going to go through a secondary offering right now after all. With the prospect of dilution off the table for at least a while, current owners celebrated. There just weren't enough names like Bio-Path to keep the market out of the red. Bullish breadth and depth were easily outpaced by bearish breadth and depth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Tuesday's trading, the stock charts of Hanesbrands (NYSE:HBI), Omnicom Group (NYSE:OMC) and Schlumberger Limited (NYSE:SLB) are shaping up as your best bets, with budding trends that look like they're going to take shape with or without the market's help. Schlumberger Limited (SLB)The past several years have been tough ones for all oil stocks, but have been especially miserable for Schlumberger and its shareholders. Not only did SLB stock lose more ground than the average energy name between 2014 and late last year, oil's rebound since late last year hasn't lifted Schlumberger as much as it has lifted other stocks in the same sector. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot That may be about to change this week though, at least in a modest way. Thanks to yesterday's solid 1.64% gain, SLB is toying with a move to new multiweek highs, and there's plenty of room to run before hitting another resistance level. Click to Enlarge • The upper of the two technical ceilings, plotted in white on the daily chart, is at $46.25. SLB punched through that level where it had peaked a couple of time on yesterday's strength.• While not convincingly so just yet, Monday's high-volume rally after last week's high volume advance says there are some major buyers testing the waters.• Should the breakout effort take hold, the next most likely upside target is between $60 and $65. That's where a Fibonacci retracement line awaits, and where major support has been defined with a red dashed line. Omnicom Group (OMC)Just a few months ago, Omnicom Group shares were teetering on a key breakdown. A technical floor around $65, plotted in white on both stock charts, was still intact, but repeatedly under pressure. On the cusp of completing a head-and-shoulders pattern, OMC was anything but a buy.A great deal has changed in the meantime. Not only has Omnicom pushed up and off of that support level, shares are knocking on the door of a fairly important technical ceiling. A little more of the same could unleash a concerted buying effort. Click to Enlarge • The technical ceiling is at just above $78, plotted in red on both stock charts. That level has been where shares have peaked several times since July.• While not yet above $78, we're seeing more bullish volume than bearish. The broad (albeit volatile) rise of the Chaikin line on the weekly chart is telling, but yesterday's high-volume gain further says there are would-be buyers waiting in the wings.• Although not over the hurdle yet, should that happen, the next plausible ceiling is the late-2016 peak around $89, plotted in yellow on the weekly chart. Hanesbrands (HBI)Hanesbrands shares have been anything but a picture of consistency since 2015, but there has been a method to the madness. It has been decidedly net-bearish, but more than that, the downtrend has been decidedly well-framed. That downtrend is marked on the weekly chart with dashed white lines.That may be about to change though. As of last week and into this week, the upper boundary of the long-term channel is being pressured. One or two more good days could do the trick and spur a wave of pent-up buying. Click to Enlarge • If HBI stock can move above the long-standing resistance line, the most plausible target is around $22.50, plotted with a yellow dashed line on both stock charts. That area was an oddly horizontal ceiling in June and July of last year.• If this is all just an effort to close the gap left behind in July of last year, bear in mind there's still a gap from February. Even a firm breakout thrust could still eventually be pressured to unwind.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 3 Big Stock Charts for Tuesday: Hanesbrands, Omnicom Group and Schlumberger appeared first on InvestorPlace.
Nokia (NOK) is well positioned to drive its business from the ongoing technology cycle, given the strength of its end-to-end portfolio of network equipment, software and services.
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Nokia Corporation (“Nokia” or the “Company”) (NYSE: NOK) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. On March 21, 2019, the Company disclosed that it had been, “made aware of certain practices relating to compliance issues at the former Alcatel Lucent business [acquired by Nokia November 2016] that have raised concerns.'' Nokia then advised investors that it had initiated an internal investigation and that it was cooperating with regulatory authorities to resolve the matter.
Nokia and ANTEL, the Uruguayan state owned operator, successfully completed the installation of the first 5G commercial network in Latin America. This network deployment started in the Barra de Manantiales area, Maldonado Department, where the first 5G base stations are operational and ready to provide services.
Espoo, Finland - BT is deploying Nokia's 7750 Service Router (SR)-s platform to dramatically boost backbone network capacity in preparation for the continued rise in residential and mobile traffic driven by the traffic demands of FTTP and 5G. Traffic across BT's core network is growing upwards of 40 percent year on year, driven by video and gaming over high speed fixed and mobile broadband. To stay ahead of this rising demand, and meet the increasing demand for high-performance, high-capacity routing across its converged networks, BT has chosen Nokia's 7750 SR-s platform.
German electronics firm Bury has asked European Union antitrust regulators to investigate Nokia's licensing practices on patents essential to car communications, the second such complaint after Daimler. While companies with key patents are expected to offer these on fair, reasonable and non-discriminatory terms, the lack of clear rules on calculating license fees and terms inevitably lead to disputes when companies fail to agree on the charges. Bury, a family-owned company with production plants in Germany, Poland and Mexico, said it had filed a complaint to the European Commission.
The multi-terabit router, Nokia 7750 SR-14s, featuring the innovative Nokia FP4 network processor, is now live in Proximus' network. End of August 2018, Proximus announced its program to tenfold the capacity of its IP transport network with its TITAN project.