Nokia Corporation NOK recently signed a distributor agreement with ClearWorld to offer smart city solutions in the United States. The deal with the alternative energy system supplier will make it easier for the company to provide a complete portfolio of intelligent urban infrastructure solutions to different cities.
Under the deal, Nokia will sell ClearWorld’s smart poles as part of its smart city, which offers a sustainable, sustainable and redundant uninterruptible power supply to keep critical infrastructure and networks alive through power outages and natural disasters. Solar-wrapped poles further reduce the cost of operating and maintaining utilities and boast built-in IoT capabilities. Using such unique capabilities, the telecommunications equipment provider can deploy 4G and 5G radios on poles for seamless connectivity options as well as innovative IoT-based urban services.
Smart poles can be installed in a variety of locations, such as parks, car parks and lanes, supporting a variety of applications, including video analytics, Wi-Fi hotspots, smart lighting, shot detection and license plate reading. Such infrastructure solutions are likely to pave the way for smart, integrated urban platforms that use 5G, industrial IoT, and machine learning technologies to provide the foundation for safe and secure urban innovation.
Nokia is well positioned for the current technology cycle, given the strength of its portfolio from end to end. The company is driving the transition of global enterprises to smart virtual networks, creating a single network for all services, bringing together mobile and fixed broadband, IP routing and optical networks with software and services for their management. Using state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technology, ultra-broadband access, IP and software-defined networks, cloud applications and IoT.
Nokia makes it easier for its customers to move away from an economically large, demand-driven network model by offering the easy programmability and flexible automation needed to maintain dynamic operations, reduce complexity and improve efficiency. The company seeks to expand its business into targeted vertical markets with high growth and high margins to address growth opportunities beyond traditional primary markets.
Nokia remains focused on building a stable, scalable software business and expanding it into structurally attractive neighboring businesses. It has achieved more than 146 commercial 5G contracts worldwide. The company’s portfolio includes products and services for each part of the network that help operators provide key 5G capabilities, such as networking, distributed cloud and industrial IoT. Accelerated implementation of the strategy, sharpened customer focus and reduced long-term costs are expected to position the company as a world leader in the delivery of 5G solutions from end to end.
The company’s shares have gained 29.6% in the last year compared to the growth in the industry of 81.1%.
Some better ranked stocks in the industry are Aviat Networks, Inc. AVNW and Ubiquiti Inc. User interface, both with Zacks Rank # 1 (Strong Purchase) and Clearfield, Inc. CLFD, wearing Zacks rank №2 (Buying). You can see the full list of today’s shares of Zacks № 1 here.
Aviat delivered a surprise profit of 61.7% on average over the last four quarters.
Ubiquiti has a long-term profit growth of 32.9%. It brought a positive surprise for the profit of 37.1% on average over the last four quarters.
Clearfield delivered a positive surprise for profit of 62.6% on average over the last four quarters.
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