Forecast Of The Day: Nokia’s Networking Revenues

+13.60%
Upside
5.11
Market
5.80
Trefis
NOK: Nokia logo
NOK
Nokia

What?

Trefis expects Nokia’s (NYSE:NOK) Network revenues to increase modestly from Euro 20.5 billion in 2020 to about Euro 21.1 billion in 2021 and Euro 21.5 billion in 2022.

Why?

Relevant Articles
  1. Can Nokia Stock Continue Weathering The Storm In The Broader Markets?
  2. Can Nokia Stock Continue Its Post-Earnings Outperformance?
  3. What’s Next For Nokia Stock After 7% Drop In The Past Month?
  4. What’s Next For Nokia Stock After 14% Rise Last Month?
  5. What’s Next For Nokia Stock After 5% Drop Last Week?
  6. Forecast Of The Day: Nokia’s Licensing Revenue

While the expansion of 5G and IoT is likely to drive demand for the wireless networking business, competition is also strong, with rival Ericsson making more headway compared to Nokia in recent years.

So What?

Although Nokia’s Networking segment has lower margins compared to its Licensing operations, it is the primary driver of the company’s sales. If the business fares better than expected, it could help Nokia’s stock, which has largely missed out on the big tech rally.

See Our Complete Analysis For Nokia

 

Looking for a balanced portfolio to invest in? Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams