Nokia Shares Gain 20% in the Past 6 Months: Reason to Buy NOK Stock?
NOKNokia(NOK) ZACKS·2024-08-28 22:25

Buoyed by a holistic growth model, Nokia Corporation (NOK) is currently trading at 4.22,closetoits52weekhighof4.22, close to its 52-week high of 4.225. The stock has gained 19.6% over the past six months compared with the industry’s growth of 19.1%, outperforming peers like Comtech Telecommunications Corp. (CMTL) but lagging Ericsson (ERIC) .Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. The company’s deal win rate is encouraging with notable successes in the key 5G market ...