Nomura Securities on Nokia (NOK): Launching All-Touch Could Cause Short-Term Gains, But Long-Term Pain
Tweet Send to a FriendGet Alerts NOK Hot Sheet
Price: $3.85 --0%
Rating Summary:
10 Buy, 14 Hold, 15 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Rating Summary:
10 Buy, 14 Hold, 15 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Trade NOK Now!
Nomura Securities maintains a 'Neutral' on Nokia (NYSE: NOK) price target of EUR3.20.
Analyst, Stuart Jeffrey, said, "It appears to us that Nokia has traded long-term gains for a near-term shoring up of the income statement and cash flow. The new operating system (S40 Asha) adds all an all-touch user interface, addressing a short-term pain point. However, a number of needed enhancements are missing. While these enhancements seem likely to come through over time, this incremental improvement process may put additional stresses on application developers and sustain a lack of visibility into Nokia’s low end roadmap. The net result is that the P&L benefits may come through in H2 – helping near-term concerns – but that sales lose momentum through 2013 in a repeat of the recent dual-SIM driven boom and pull back in late 2011 into early 2012."
For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.
Shares of Nokia closed at $2.88 yesterday, with a 52 week range of $2.61-$7.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Stuart Jeffrey, said, "It appears to us that Nokia has traded long-term gains for a near-term shoring up of the income statement and cash flow. The new operating system (S40 Asha) adds all an all-touch user interface, addressing a short-term pain point. However, a number of needed enhancements are missing. While these enhancements seem likely to come through over time, this incremental improvement process may put additional stresses on application developers and sustain a lack of visibility into Nokia’s low end roadmap. The net result is that the P&L benefits may come through in H2 – helping near-term concerns – but that sales lose momentum through 2013 in a repeat of the recent dual-SIM driven boom and pull back in late 2011 into early 2012."
For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.
Shares of Nokia closed at $2.88 yesterday, with a 52 week range of $2.61-$7.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Microsoft (MSFT) and Nokia (NOK) Talks Recently Broke Down Over Device Unit
- Goldman Sachs Upgrades Tanger Factory Outlet Centers (SKT) to Neutral
- UPDATE: Raymond James Downgrades Gevo, Inc. (GEVO) to Market Perform
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Nomura
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
