#9 - Nokia (NYSE:NOK)
Nokia (NOK) - For all the talk of 5G, you would think it was a tide that was lifting all stocks. That may eventually be the case, but it hasn’t worked out that way so far for Nokia (NYSE:NOK). Unlike some of the other stocks in this presentation, this is not a question of Nokia going out of business. In fact, there are reasons to believe that Nokia may have a bright future. The problem for NOK investors is that the company has a lot of exposure to China and they are entering an aggressive investment cycle that will put pressure on the company’s margins. All of which brings the discussion back to 5G. In all likelihood, Nokia will come out of this period as a stock that is worth taking a long position on. But that time is not likely to come in 2020 and maybe not 2021 either. You can find other profitable areas to invest in then keeping your money on hold with NOK stock.
About Nokia Oyj
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.
More- Current Price
- $4.79
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $5.86 (22.5% Upside)
