Nokia Corporation (NOK) Stock Prices Surge Following Massively Successful Financial Reports

Nokia Corporation (NOK) stock prices were down by a marginal 0.47% as of market close on April 28th, 2021, bringing the price per share down to USD$4.20. Subsequent pre-market fluctuations gave the stock price a hefty push, with a surge of 16.19% placing it at a comfortable USD$4.88.

Stellar Financial Reports

Promising growth in Mobile Networks and Network Infrastructure have pushed constant currency net sales up by 9% as compared to the same time period of the previous year. NOK started the year strong with reported net sales having gone up by 3%. The addition of 63 new customers represents more than a 200% increase of the number of new customers acquired in Q1 2020. This has resulted in a year-over-year gain of 18% in enterprise constant currency net sales, with reported net sales having gone up by 14%.

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Expansion and Growth

As Nokia strives to be at the forefront of the global race towards 5G connectivity, the company’s growth in the burgeoning communications niche has translated into improvements in comparable gross margins, which is reported to be 37.9%. Sweeping improvements across the company’s Network Infrastructure and well-balanced product sales across regions have also contributed to the comparable gross margin.

NOK’s Threefold Strategy

The strong numbers reported in the most recently disclosed financial reports indicate continued success in the company’s triple-pronged strategy to achieve sustainable and profitable growth as well as technological leadership. The strong start to the year also paves the way for a further successful trajectory of the company’s plans.

Leader in 5G Space

The independent analyst firm PA Consulting has reaffirmed NOK’s status as an industry leader with its 5G patent portfolio. The firm had previously published a study in 2019 that concluded that the company had the portfolio most essential to the 5G standard after a technical analysis of the 5G patent landscape. NOK was heralded as being the number one owner of patents essential to 5G standards again in 2021, thus inspiring confidence in the company’s continued foray into the 5G market.

Success of Foray into 5G Market

With Research and Development costs exceeding USD$157.56 billion to build the portfolio since the fiscal year 2000, of the 20,000 patent families contained within it more than 3,500 were deemed essential to 5G. NOK attributes its success to its facilitating the licensing and use of patented technologies by taking on the bulk of R&D costs. The company offers open standards in exchange for licensing rights founded on FRAND terms.

Future Outlook for NOK

With such stellar financial reports and a consolidated leadership within the 5G sector, NOK is primed to capitalize on its being at the forefront of global 5G advancements and implementations. Armed with net cash of more than USD$4.48 billion and total cash of more than USD$10.67 billion, the company has high hopes for the rest of the year and beyond. Investors look to management to effective leverage the resources at their disposal to sustain increases in shareholder value.


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