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Nokia Oyj ADR - Stock Quote NOK

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Morningstar's Nokia Oyj ADR Stock Analysis

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Economic Moat

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Nokia Is Set to Grow With the 5G Wave but Isn’t Moaty

Mark Cash Senior Equity Analyst

Business Strategy and Outlook

| William Kerwin |

Nokia is a primary provider of telecommunication hardware, software, and services to communication service providers. CSP equipment spending provides robust growth during generational wireless upgrade cycles followed by spending lulls, with 5G being the latest tailwind. 5G's promise of connecting billions of wireless devices at incredible speed across more spectrum bands, along with more use cases than 4G, may offer Nokia more upside than previous wireless generations. However, we do not view Nokia's core market as moat supportive because CSPs typically multisource equipment and possess purchasing power over their vendors.

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Key Statistics - NOK

Nokia Oyj ADR's Company Profile

Business Description

Nokia is a primary vendor in the telecommunications equipment industry. The company's network business derives revenue from selling wireless and fixed-line hardware, software, and services. Nokia's main operating segments are mobile networks, network infrastructure, cloud and network services, and Nokia technologies. The company, headquartered in Espoo, Finland, operates on a global scale, with most of its revenue from communication service providers.

Contact
Karakaari 7
Espoo, FI-02610, Finland
T +358 104488000
Industry Communication Equipment
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 87,900

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