Buy or sell nokia stock
NOK has got its swagger back.
Between and late last year, NOK stock traded relentlessly to the downside. By the time the stock reached bottom, it had lost half its value. However, has brought a reversal in fortunes. Its operational strategy appears to be working. But will it be enough to carry NOK stock up even farther?
Nokia Corporation - NOK - Stock Price Today - Zacks
Core Network Business Slowing: Nokia has transformed itself into quite a diversified operation. Telecom operators are in a soft part of their cycle; largely done rolling out current technology, but not yet ready for the leap to 5G. Tim Long, of BMO Capital, recently warned about telecom spending for the year.
He specifically highlighted concerns out of China, where three of the major carriers appear to be cutting spending. CHUfor example, spent 72 billion Chinese yuan on capex last year, but is planning only 45 billion this year.
While NOK stock has turned the corner, it may be too early to say the same about the business. The company has lost money four out of the past six fiscal years.
The company has now shown negative earnings five of the past six buy or sell nokia stock. As transfer from forex card to bank account be expected, NOK stock is not a star dividend performer.
However, last year, Nokia paid a much larger dividend of 29 cents per share to reflect previous profitability. NOK stock attracted some dividend yield hunters who examples of stock trading journals they had found an unheralded income source. However, one month from now, many of these yield players are likely to wind up disappointed.
Nokia has cut the dividend for this year from 29 cents to 18 cents. That amounts to a much more pedestrian 2.
NOK Stock: Should You Buy Nokia Oyj (ADR) (NOK) Stock? 3 Pros, 3 Cons | InvestorPlace
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