Nokia: Wells Fargo maintains 'market perform' rating.
(CercleFinance.com) - Wells Fargo Securities maintained its "market perform" rating on Nokia with a 5.
6 dollar price target after the network equipment maker announced next-generation routers aimed at cloud market.
While the brokerage believes yesterday's announcement could help stabilise and potentially grow IP network revenues in 2018, Wells Fargo expects the segment to continue to be pressured near-term due to a soft market and product transition.
The broker—which acknowledges there is engagement and interest from web-scale customers—believes Nokia's broader initiatives in targeting growth markets could take time to ramp.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
6 dollar price target after the network equipment maker announced next-generation routers aimed at cloud market.
While the brokerage believes yesterday's announcement could help stabilise and potentially grow IP network revenues in 2018, Wells Fargo expects the segment to continue to be pressured near-term due to a soft market and product transition.
The broker—which acknowledges there is engagement and interest from web-scale customers—believes Nokia's broader initiatives in targeting growth markets could take time to ramp.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.