It has been bouncing off the same support level for a long time and is reasonably priced.
It intends to invest heavily in 5G technology, recently announcing a collaboration with AT&T and Verizon for wireless connection services.
Maintains positive operating margins.
It is a partner company of the World Economic Forum (together with Big Tech, pharmaceutical companies, investment funds, etc.)
Its institutional investors include UBS Group, Morgan Stanley, Renaissance Technologies, Bank of America, Goldman Sachs and State Street.
Its main source of income is not mobile devices but networks (mobile access, fixed access, IP routing, and optical networks).
All this leads me to think that at the current price it is still a bargain for one of the largest telecommunications companies and with the potential to become the main competitor of 5G technology.
It could go as far as returning to its all-time highs around $ 60 and breaking them, or at least doubling its price to $8-10 in the medium term.
How many shares do they have outstanding, find that out.
polarity
⋅
We need a "Lisa Su" type of CEO/management team to kick start this.
Funky_Fella_the_Market_Cypher
⋅
@polarity, The new CEO is great and you will see it no worries :)
zytenthecruel
⋅
I agree. NOK is a long term hold for me.
IR66ock
⋅
Do you mean "explode" ?
amateur_trad3r
⋅
@IR66ock, something like that, I was thinking that the price is still contained and that sooner or later the pressure was going to be released.
IR66ock
⋅
@amateur_trad3r, I think the new management team have a lot still to prove (fundamental) and the long term pivot line of resistance (technical - zoom out) is still a little way off. On my watch list for sure, but not yet ? (Would be great to see it fly again!).
Nice Q1 and a good bump in price. But, still struggling with resistance level at 5.10-5.20 (again - 3rd time in 12 mths) and key pivot line is still to clear above that (from Sept 2014) before we are off to the races imo. Still hopeful, but not a slam dunk (yet)