Nokia Reports Soft 1Q Results but Is Relatively More Optimistic About 2018; Maintaining $5.50 FVE
Nokia started 2018 with sluggish results compared with its stellar 2017 finish, mainly due to declines in North American networks sales. However, the firm still expects to reach its annual targets, hinging primarily on 5G rollouts. It is also seeing positive signs in its networks backlog and its optical business. We will maintain our fair value estimates for no-moat Nokia of $5.50 per U.S. ADR and EUR 4.50 per share, and we would seek a wider margin of safety before investing.Nokia’s revenue in...
Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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