NOK continues to perform well

Nokia Is Catching Up: Snowballing Success

Jul. 14, 2021 5:17 AM ET Nokia Corporation (NOK)

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Summary

NOK continues to perform well, with revenue increasing 10% year over year and a positive ROE amounting to 7.9 percent.

As of July 13, 2021 NOK announced that they will provide a more optimistic outlook for 2021, causing the stock's price to gap up by 8% in pre-market trading.

NOK continues to grow its 5G portfolio, closing the gap with its competitors.

Wireless communication network concept. IoT(Internet of Things). ICT(Information Communication Technology)ial charts in sky on city background. Business information concept

MarsYu/E+ via Getty Images

An Update: Investment Thesis

Nokia (NYSE:NOK) has increased by 36.78 percent in just three months and is poised to continue rising, aided by a positive catalyst from their management and bullish price action. Additionally, I included a DCF analysis to substantiate my fair value estimate for Nokia. From a technical analysis perspective, NOK is primed for another breakout.$Nokia Oyj(NOK)$

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

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