Nokia Corporation NOK has recently completed the acquisition of Unium, a US-based software company, specialized in providing solutions to complex wireless networking problems for use in mission-critical and residential Wi-Fi networks. The deal was initially announced last month.
Unium will now function as part of Nokia’s Fixed Networks business group. The acquirer’s Wi-Fi portfolio will be embedded with the acquired company’s software and intelligent mesh wireless technology, which has capacity to bolster the end-to-end, whole-home Wi-Fi solution of the former. Also, the technology will support Nokia’s objective of offering solutions to Wi-Fi related problems at home.
We remind investors that the company has been making acquisitions/inking deals for quite some time to drive growth. Last year, it acquired Comptel Corporation, a Finnish telecommunications software company. The buyout boosted Nokia’s software portfolio by adding capabilities that help digital service providers deliver new communications services to the market faster. The same year, the company also closed the acquisition of Deepfield, the US-based leader in real-time analytics for IP (Internet Protocol) network performance management and security.
Nokia Corporation Price
Nokia Corporation Price | Nokia Corporation Quote
Zacks Rank & Key Picks
Nokia carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Comtech Telecommunications Corporation CMTL , Harris Corporation HRS and Motorola Solutions, Inc. MSI . While Comtech Telecommunications sports a Zacks Rank #1 (Strong Buy), Harris and Motorola carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here .
Shares of Comtech Telecommunications, Harris and Motorola have gained more than 32%, 9% and 16%, respectively, in the last three months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don’t buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nokia Corporation (NOK): Free Stock Analysis Report
Harris Corporation (HRS): Free Stock Analysis Report
Motorola Solutions, Inc. (MSI): Free Stock Analysis Report
Comtech Telecommunications Corp. (CMTL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.