Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Nokia (NOK) to Revamp LTE Network for Finland's Ukkoverkot

Nokia Corporation NOK recently announced plans to modernize the LTE network of Ukkoverkot, a Finnish mobile data operator offering wireless data communications services for infrastructure operators, public safety authorities and other critical use. The company operates an LTE-based mobile data network and other local private LTE networks.

The renovated network will be infused with Nokia’s leading LTE solution, providing enhanced network quality, capacity, security and reliability.

About the Deal

From fourth-quarter 2017, Nokia will upgrade Ukkoverkot’s existing network technology with its state-of-the-art LTE-based solution only to improve network performance to a great degree. This network advancement will enable Ukkoverkot’s customers in industrial IoT (Internet of Things) settings to realize benefits from the new industry 4.0 applications. On the other hand, critical communications and public safety operators may benefit from the more reliable and high-bandwidth services having standardized public safety features. 

The contract signifies Nokia’s growing momentum over delivery of critical communications networks for customers. The new solution will deploy Nokia’s 450MHz LTE for the first time in Finland. Ukkoverkot has selected Finnish airport operator Finavia as its first micro-operator customer. Finavia will develop private LTE network for Helsinki airport using Nokia’s technology.

Zacks Rank & Key Picks

Nokia currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Computer and Technology sector are InterDigital, Inc. IDCC, Juniper Networks, Inc. JNPR and Motorola Solutions, Inc. MSI. While InterDigital and Juniper Networks sport a Zacks Rank #1 (Strong Buy), Motorola carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of InterDigital and Juniper Networks have gained 6.3% and 2%, respectively, in a month. While Motorola has an impressive earnings history, having outshined the Zacks Consensus Estimate in each of the preceding four quarters with an average beat of 14.5%.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Juniper Networks, Inc. (JNPR): Free Stock Analysis Report
 
Nokia Corporation (NOK): Free Stock Analysis Report
 
InterDigital, Inc. (IDCC): Free Stock Analysis Report
 
Motorola Solutions, Inc. (MSI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.