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Nokia (NOK) Extends Partnership With SoftBank for 5G Services
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Nokia Corp. (NOK - Free Report) has expanded its long-standing business relationship with SoftBank Group Corp. (SFTBY - Free Report) . The Finland-based telecom equipment provider continues to lead in high-performance networks with its communications service provider customers. The company’s cloud-native, 5G core software has been selected by SoftBank for the launch of its standalone 5G services. Nokia currently has 133 commercial 5G deals with operators.
Nokia’s industry-leading solutions support new consumer and enterprise use cases, including virtual reality, cloud robotics and connected vehicles. The 5G core software provides operators with a range of capabilities that drive greater scalability and reliability. With this deployment, SoftBank’s customers will experience the benefits of 5G such as lower latency and more bandwidth.
Nokia’s 5G core will provide automation and optimization of the entire life cycle management of SoftBank’s networks. The Cloud Packet Core fully integrates with a service provider’s own platform solutions for flexible deployment choices. The solution integrates fixed wireline access into the 3GPP cloud-native core architecture for wireless and fixed convergence.
SoftBank will deploy the Cloud Mobility Manager and Cloud Mobile Gateway products to support the required scale and performance for the delivery of Softbank’s 5G services. Nokia 5G core’s automation capabilities and high-level operational efficiencies are likely to help SoftBank deliver cutting-edge services and enhance its network reliability.
Nokia aims to accelerate its product roadmaps and cost competitiveness through additional 5G investments. The company has been developing its 5G portfolio, strengthening AirScale and advancing the capabilities of its ReefShark chipset.
To strengthen its market position, Nokia enables its customers to move from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and automation. The company seeks to expand its business into targeted, high-growth and high-margin vertical markets to address opportunities beyond its primary markets.
Nokia’s shares have gained 18.8% in the past year compared with 44.5% growth of the industry.
Plantronics delivered a trailing four-quarter positive earnings surprise of 568.2%, on average.
NIC delivered a trailing four-quarter positive earnings surprise of 27.5%, on average. The company’s earnings beat the Zacks Consensus Estimate in two of the last four quarters.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Nokia (NOK) Extends Partnership With SoftBank for 5G Services
Nokia Corp. (NOK - Free Report) has expanded its long-standing business relationship with SoftBank Group Corp. (SFTBY - Free Report) . The Finland-based telecom equipment provider continues to lead in high-performance networks with its communications service provider customers. The company’s cloud-native, 5G core software has been selected by SoftBank for the launch of its standalone 5G services. Nokia currently has 133 commercial 5G deals with operators.
Nokia’s industry-leading solutions support new consumer and enterprise use cases, including virtual reality, cloud robotics and connected vehicles. The 5G core software provides operators with a range of capabilities that drive greater scalability and reliability. With this deployment, SoftBank’s customers will experience the benefits of 5G such as lower latency and more bandwidth.
Nokia’s 5G core will provide automation and optimization of the entire life cycle management of SoftBank’s networks. The Cloud Packet Core fully integrates with a service provider’s own platform solutions for flexible deployment choices. The solution integrates fixed wireline access into the 3GPP cloud-native core architecture for wireless and fixed convergence.
SoftBank will deploy the Cloud Mobility Manager and Cloud Mobile Gateway products to support the required scale and performance for the delivery of Softbank’s 5G services. Nokia 5G core’s automation capabilities and high-level operational efficiencies are likely to help SoftBank deliver cutting-edge services and enhance its network reliability.
Nokia aims to accelerate its product roadmaps and cost competitiveness through additional 5G investments. The company has been developing its 5G portfolio, strengthening AirScale and advancing the capabilities of its ReefShark chipset.
To strengthen its market position, Nokia enables its customers to move from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and automation. The company seeks to expand its business into targeted, high-growth and high-margin vertical markets to address opportunities beyond its primary markets.
Nokia’s shares have gained 18.8% in the past year compared with 44.5% growth of the industry.
The stock currently has a Zacks Rank #4 (Sell).
A couple of better-ranked stocks in the broader industry are Plantronics and NIC , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Plantronics delivered a trailing four-quarter positive earnings surprise of 568.2%, on average.
NIC delivered a trailing four-quarter positive earnings surprise of 27.5%, on average. The company’s earnings beat the Zacks Consensus Estimate in two of the last four quarters.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>