Nokia Corporation NOK recently partnered with Norlys to enhance telecommunication infrastructure in Denmark. This collaborative effort is aimed at strengthening Norlys’ mobile core network, boosting security measures and optimizing managed services to elevate user experiences across Norlys’ extensive network infrastructure.
Nokia will deploy its state-of-the-art Cloud Packet Core, IP Multimedia Subsystem Voice Core and Subscriber Data Management technologies to this Denmark-based telecom service provider. These critical network technologies will be powered by Red Hat OpenShift, the leading hybrid cloud application platform driven by Kubernetes. By leveraging Nokia’s Cloud Platform with Red Hat OpenShift, the deployment is expected to deliver a cloud-native, scalable infrastructure, ensuring robust performance to meet the growing demands of consumers and businesses alike.
Additionally, Nokia will plug in NetGuard telco-grade Endpoint Detection and Response, Privileged Access Management and Certificate Management solutions to enhance security. Nokia will also provide a ‘holistic service wrap,’ encompassing managed security, performance and assurance services. The network connectivity within data centers will be facilitated by 7220 IXR platforms running the SR Linux network operating system.
Moreover, Nokia MantaRay NM will also be deployed to provide network management and automated operations, as well as network optimization and technical support services.
As the demand for faster and more reliable connectivity continues to surge, partnerships like this play a crucial role in shaping the future of telecommunications infrastructure. This collaboration followed by a RAN contract with Norlys, highlights Nokia’s role in supporting the company in building and embracing opportunities of an advanced 5G network.
Nokia currently has 319 commercial 5G deals with communications service providers globally. The 5G portfolio is increasingly gaining traction among enterprise customers. The company’s expertise in mission-critical networks is well-established, with deployments of more than 2,600 leading enterprise customers in the transportation, energy, large enterprise, manufacturing, webscale and public sector segments worldwide.
With a strong presence in more than 100 countries, the Finnish multinational telecommunication company is expected to benefit from Norlys’ extensive customer base worldwide to boost and expand its 5G portfolio.
Shares of Nokia have lost 7.5% over the past year against the industry’s growth of 44.9%.
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Zacks Rank and Other Key Picks
Nokia currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the industry have been discussed below:
Ooma, Inc. OOMA, sporting a Zacks Rank #1 (Strong Buy), offers cloud-based communications solutions, smart security and other connected services. The company’s smart software-as-a-service and unified-communications-as-a-service platforms serve as a hub for seamless communications and networking infrastructure applications. You can see the complete list of today’s Zacks #1 Rank stocks here.
It delivered a trailing four-quarter average earnings surprise of 8.90%. In the last reported quarter, Ooma delivered an earnings surprise of 27.27%.
Telephone and Data Systems, Inc. TDS, sporting a Zacks Rank of 1, provides wireless products and services, cable and wireline broadband, TV and voice services to approximately 6 million customers in Chicago.
In the last reported quarter, TDS delivered an earnings surprise of 145.45%.
Motorola Solutions, Inc. MSI provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure services. Currently, Motorola holds a Zacks Rank #2.
It delivered a trailing four-quarter average earnings surprise of 7.54% and has a long-term growth expectation of 9.47%. In the last reported quarter, Motorola delivered an earnings surprise of 11.51%.
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