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Is Nokia a Buy Under $6? By StockNews


© Reuters. Is Nokia a Buy Under $6?

Nokia, a mobile network and telecom company (NYSE:), reported strong growth across its business segments in the last quarter. So, given the rapid deployment of 5G infrastructure and the company’s major product launches, is the stock now poised to soar in price? Continue reading. Nokia Corporation, a Finnish network solutions provider, specializes in software and network infrastructure. The company’s shares have gained 45.3% in price over the past year and 42.7% year-to-date to close Friday’s trading session at $5.58. Strong top-line growth driven by significant product launches and improvements in all business segments over the past quarter has driven shares.

Based on solid foundations, we believe NOK will continue to gain in the short term. The expanding market for 5G networks should also boost the company’s performance in coming months.

Here’s what could shape NOK’s performance in the near term:

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