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A $6 Telecom Stock With A Potential 15% Gain

A $6 Telecom Stock With A Potential 15% Gain

Nokia announced the results of the Nokia 5G Maturity Index, produced in partnership with Analysys Mason, which provides operators with best practices for planning and deploying 5G services.

According to GlobeNewswire, the industry’s first benchmark of 5G operator maturity revealed that two-thirds of operators expect 5G to create new revenue streams, while more than 70% of operators are focused on 5G to help improve existing consumer services.

The research also found that those operators most advanced in 5G transformation are focused on six to eight use cases.

Caroline Gabriel, Principal Analyst from Analysys Mason, said, “It is clear from the first Nokia 5G Maturity Index that operators have plenty of ambition for 5G.

Many also understand that its impact will be far stronger if it is deployed hand-in-hand with platform transformation, in order to support a wide array of new revenue streams.

However, most acknowledge they are uncertain about the actions they must take to achieve their goals.

We believe Nokia 5G Maturity Index will be a valuable support as they make these critical decisions, allowing them, for the first time, to plot their own 5G progress against an objectively assessed index, and learn from the best practice of others.”

To take advantage of the promise of this next generation of network technology, Nokia continues to build out its 5G Future X portfolio and has announced enhancements to its packet core and radio access network solutions.

Nokia’s end-to-end portfolio helps operators meet their immediate priorities of enhancing the customer experience and reducing Total Cost of Ownership (TCO), as well as supporting their strategic objective of developing new 5G-based revenue streams.

Sanjay Goel, President, Global Services at Nokia added: “We essentially asked 50 operators: ‘How ready is your network and business for 5G?’ Their answers provide valuable insights into the best practices for operators as they design, deploy and operate 5G networks and services.

We are already working with all the major operators in the lead 5G markets of North America, Korea and Japan and have the industry’s only end-to-end portfolio that is available globally. The 5G Maturity Index offers important data that we can share with our customers as we continue to work with them to achieve their 5G goals.”

Nokia is a global leader in 5G with the industry’s only end-to-end portfolio that is available globally. With near to 100 engagements, its 5G solutions, software and services allow customers to take advantage of the promise of this next generation of network technology.

According to a report by Business Research Company, the Wireless telecommunication carriers market will reach a value of about USD 1 Trillion in 2020. It could be time to consider buying this telecom company.

NOK daily chart

NOK should be considered a buy if recent momentum continues.

Look for an entry at $6.27 with a price target of at least $7.21 based on the pattern in the chart.