Nokia : Major warning, which raises questions on Nokia and the industry in general – Downgrade to Reduce from Buy
>Very sudden profit warning: a reminder that this industry does not know how to take advantage of waves of investment - Yesterday, Nokia issued a profit warning that was much more drastic than anyone could have expected. We knew that guidance for the operating margin in both 2019 (9-12% with consensus at 9.1%) and 2020 (12-16% with consensus at 12.6%) was ambitious. But the guidance downgrade to 8.5% in 2019 and more importantly, just 9.5% in 2020, with a series of e...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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