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
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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.$Nokia Oyj(NOK)$
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