Nokia: Liberum repeats its 'buy' rating on the stock.
(CercleFinance.com) - Liberum maintains a "buy" rating on Nokia with a target price of six euros after the Finnish telecoms equipment maker launched faster network routers on Wednesday.
The British investment bank points out that the products are based on the new FP4 network processor, which is up to six times as powerful as competing processors.
"The new launches are expected to invigorate Nokia's IP routing business, with the likelihood of some share gains at both webscale and service provider customers", Liberum's analysts write in a report.
While Nokia is on a recovery path across multiple business lines, the IP routing business is now expected to join that list, the analysts add.
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.
The British investment bank points out that the products are based on the new FP4 network processor, which is up to six times as powerful as competing processors.
"The new launches are expected to invigorate Nokia's IP routing business, with the likelihood of some share gains at both webscale and service provider customers", Liberum's analysts write in a report.
While Nokia is on a recovery path across multiple business lines, the IP routing business is now expected to join that list, the analysts add.
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.