Nokia Corporation Sponsored American Depositary Shares (NOK)
4.6000
-0.1000 (-2.13%)
Nokia Corp is a global technology company that specializes in telecommunications and networking solutions
It provides a wide range of products and services, including mobile and fixed network infrastructure, software, and services aimed at enhancing communication networks. The company is known for its innovations in 5G technology and the Internet of Things (IoT), helping businesses and governments to connect people and devices efficiently. Additionally, Nokia offers solutions in areas such as cloud networking, private wireless networks, and network security, catering to various industries ranging from telecommunications to transportation and manufacturing. Through its focus on research and development, Nokia aims to drive the digital transformation of networks and contribute to the development of smarter, more connected societies.
The company said its strong performance in the fourth quarter and healthy exit from 2024 were due to a strong recovery in demand from communication service providers, especially in North America.
Nokia shares trading up premarket on Monday after disclosing several deals, including providing DDoS protection for LINX and upgrading networks for BBIX and ESpanix.
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Nokia reported over $4.1 billion in research and development expenses in the financial year 2023 for developing technologies across cellular and multimedia.
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Kyndryl expands partnership with Nokia (NOK) to offer advanced data center networking solutions and services for global enterprises, leveraging AI and machine learning.
Nokia completes UAE's first live transport slicing trial with du, enabling diverse network services & optimized performance using advanced NSP technology. Benefits include improved efficiency, security, and monetization opportunities.
Nokia gains premarket on multi-billion USD contract with Bharti Airtel to deploy 4G/5G equipment in India. Also recently acquired Rapid technology assets to strengthen network API roadmap.
Nokia Corp (NYSENOK) stock rebounds after disappointing quarterly report, with net sales down 8% to $4.76B. CEO focuses on data center and defense sectors for growth, and plans to cut jobs to save costs.