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NOK's Solutions to Boost Zain Iraq's Network Capacity: Stock to Gain?
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Nokia Corporation (NOK - Free Report) recently announced that it has entered into a three-year agreement with Zain Iraq, a leading telecommunication company in the Middle East region, for an undisclosed amount. The deal intends to revolutionize the capacity and performance of Zain Iraq’s core network, aiming to deliver more efficient and high-speed mobile services to its growing customer base.
Per this agreement, Nokia will implement its state-of-the-art microwave (MW) technology, including the latest E-band solution, which is the most powerful E-band in the market, to upgrade Zain Iraq's MW backbone. The solution will include Nokia’s UBT-T XP Dual Band Radio, which offers the highest transmit power in the market. Designed to support mobile operators and enterprises, the high-power outdoor unit delivers high-capacity and dual-carrier functionality with the best system available in an outdoor package.
UBT-T XP Dual Band Radio’s exclusive 6/11 dual-band feature provides maximum flexibility for interference mitigation and spectrum efficiency and delivers the highest path performance and capacity in its class. This upgrade aims to improve Zain Iraq’s customer experience and prepare its network for anticipated data surges due to rising user demand.
Increasing Client Base to Drive NOK
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased in recent times. Further, to maintain superior performance as traffic increases, there is also a continuous need for network tuning and optimization. The company’s expertise in mission-critical networks is well-established, with deployments across more than 2,600 leading enterprise customers in the transportation, energy, manufacturing, webscale and public sector segments worldwide.
This collaboration with Zain Iraq is likely to propel the stock with incremental revenue generation and inducement of similar deals from other carriers in the future. The deal is also expected to strengthen Nokia’s position as a leading telecommunications equipment provider in the region.
NOK’s Stock Price Performance
Shares of Nokia have gained 11.7% over the past year compared with the industry’s growth of 51.2%.
Image Source: Zacks Investment Research
NOK’s Zacks Rank and Key Picks
Nokia currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Ubiquiti Inc. (UI - Free Report) sports a Zacks Rank #1 (Strong Buy) at present. The company offers a comprehensive suite of networking products and solutions for service providers and enterprises. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved UI’s visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%.
Workday Inc. (WDAY - Free Report) carries a Zacks Rank #2 (Buy) at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains.
Airgain, Inc. (AIRG - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.
Based in San Diego, CA, Airgain provides antenna products as integrated wireless solutions. These devices are designed to address vital connectivity requirements during product development and throughout the entire lifecycle of other industries, such as automotive and consumer, in addition to various sectors within an enterprise.
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NOK's Solutions to Boost Zain Iraq's Network Capacity: Stock to Gain?
Nokia Corporation (NOK - Free Report) recently announced that it has entered into a three-year agreement with Zain Iraq, a leading telecommunication company in the Middle East region, for an undisclosed amount. The deal intends to revolutionize the capacity and performance of Zain Iraq’s core network, aiming to deliver more efficient and high-speed mobile services to its growing customer base.
Per this agreement, Nokia will implement its state-of-the-art microwave (MW) technology, including the latest E-band solution, which is the most powerful E-band in the market, to upgrade Zain Iraq's MW backbone. The solution will include Nokia’s UBT-T XP Dual Band Radio, which offers the highest transmit power in the market. Designed to support mobile operators and enterprises, the high-power outdoor unit delivers high-capacity and dual-carrier functionality with the best system available in an outdoor package.
UBT-T XP Dual Band Radio’s exclusive 6/11 dual-band feature provides maximum flexibility for interference mitigation and spectrum efficiency and delivers the highest path performance and capacity in its class. This upgrade aims to improve Zain Iraq’s customer experience and prepare its network for anticipated data surges due to rising user demand.
Increasing Client Base to Drive NOK
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased in recent times. Further, to maintain superior performance as traffic increases, there is also a continuous need for network tuning and optimization. The company’s expertise in mission-critical networks is well-established, with deployments across more than 2,600 leading enterprise customers in the transportation, energy, manufacturing, webscale and public sector segments worldwide.
This collaboration with Zain Iraq is likely to propel the stock with incremental revenue generation and inducement of similar deals from other carriers in the future. The deal is also expected to strengthen Nokia’s position as a leading telecommunications equipment provider in the region.
NOK’s Stock Price Performance
Shares of Nokia have gained 11.7% over the past year compared with the industry’s growth of 51.2%.
Image Source: Zacks Investment Research
NOK’s Zacks Rank and Key Picks
Nokia currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry have been discussed below.
Ubiquiti Inc. (UI - Free Report) sports a Zacks Rank #1 (Strong Buy) at present. The company offers a comprehensive suite of networking products and solutions for service providers and enterprises. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved UI’s visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 4.19%.
Workday Inc. (WDAY - Free Report) carries a Zacks Rank #2 (Buy) at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains.
Airgain, Inc. (AIRG - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.
Based in San Diego, CA, Airgain provides antenna products as integrated wireless solutions. These devices are designed to address vital connectivity requirements during product development and throughout the entire lifecycle of other industries, such as automotive and consumer, in addition to various sectors within an enterprise.