Nokia (NOK) to Boost WorldLink’s Internet Service in Nepal – November 19, 2021

Nokia Corp. (NOK Free Report) recently announced that its Wi-Fi Beacon 1.1 mesh access point has been deployed by WorldLink Communications to provide an exceptional home Wi-Fi experience for subscribers.

WorldLink is the largest broadband Internet service provider in Nepal. This initiative strengthens the long-standing partnership between the two companies.

The service will be offered through WorldLink’s Photon Internet, which boasts a 300 Mbps speed for home and enterprise customers. The Beacon 1.1 uses Nokia’s Wi-Fi Mesh technology to overcome barriers to deliver excellent Internet connectivity for every device at home.

Nokia’s shares have gained 47.6% in the past year compared with the industry’s growth of 26.8%.

Zacks Investment ResearchImage Source: Zacks Investment Research

With Nokia’s Beacon 1.1, WorldLink’s customers are likely to benefit from a reliable and fast indoor coverage. The solution will also enable the service provider to offer innovative services like home automation with the Internet of Things.

Nokia is well-poised to benefit from the ongoing technology cycle given the strength of its end-to-end portfolio. It has made meaningful progress in its three-phased journey of value creation. Its focus on capital allocation and technology leadership is likely to help it grow profitably.

The company aims to expand its business into targeted, high-growth, and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.

Nokia is focused on its strategy that hinges on four priorities. The first priority is to lead in high-performance end-to-end networks with its communications service provider customers. The second one is its relentless pursuit to expand network sales to select vertical markets. Building a strong standalone software business is the third priority. Fourthly, it aims to create new business and licensing opportunities in the consumer ecosystem.

NOK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearfield, Inc. (CLFD Free Report) is a better-ranked stock in the industry, carrying a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 30 days.

Clearfield delivered a trailing four-quarter earnings surprise of 50.8%, on average. It has soared 188.7% in the past year.

Qualcomm, Inc. (QCOM Free Report) , carrying a Zacks Rank #2, is another solid pick for investors. The consensus estimate for current-year earnings has been revised 0.1% upward over the past seven days.

Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. It has gained 27.6% in the past year.

Harmonic, Inc. (HLIT Free Report) sports a Zacks Rank #1. The consensus estimate for current-year earnings has been revised 23.1% upward over the past 30 days.

Harmonic delivered a trailing four-quarter earnings surprise of 61.1%, on average. The stock has appreciated 68.7% in the past year.

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