Buoyed by a holistic growth model, Nokia Corporation (NYSE: NOK) is currently trading at $4.22, close to its 52-week high of $4.225. The stock has gained 19.6% over the past six months compared with the industry's growth of 19.1%, outperforming peers like Comtech Telecommunications Corp. (NASDAQ: CMTL) but lagging Ericsson (NASDAQ: ERIC).
Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. The company's deal win rate is encouraging with notable successes in the key 5G markets of the United States and China.
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NOK's Value Creation Journey, Strategic Focus
Nokia has made significant progress on its three-phased journey of value creation: Reset, Accelerate and Scale. Its focus on capital allocation and technology leadership is expected to help it grow profitably. Nokia is on track to achieve sustainable, profitable growth and technology leadership by accelerating its product roadmap and cost competitiveness through additional 5G investments. The 5G portfolio is gaining traction among enterprise customers. Nokia currently has 319 commercial 5G deals with communications service providers globally. It has 110 live 5G networks, both public and private.
Nokia is also focused on its strategy, which 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 the relentless pursuit to expand network sales to select vertical markets, specifically energy, transportation, public sector, technical extra-large enterprises and webscale players such as Google and Amazon. Building a strong standalone software business is the third priority. The fourth one is to create new business and licensing ...
