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Nokia: Bernstein a buyer on share's weakness.

(CercleFinance.com) - Nokia's disappointing quarter and cautious 2018 guidance did not merit the hammering the share price suffered yesterday, which at one point was down 20%, analysts at Bernstein said, who would buy the shares on their current weakness.

The brokerage firm says the company tried to provide too many details about what was happening in the market, "creating confusion more than peace of mind."

However, Nokia's situation is not bad at all, Bernstein adds, pointing out that revenues will eventually recover.

"On an 18-24-month horizon, Nokia will eventually demonstrate an earnings power well above today's levels, as the integration of Alcatel-Lucent fully plays-out, margins expand, and demand from wireless operators recover, ahead of 5G, or into 5G," the broker writes in a research report.

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