Nomura Securities Maintains a 'Neutral' on Nokia (NOK); Broader Understanding of New Windows-Based Phones
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Price: $10.76 +1.89%
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Nokia (NYSE: NOK) price target of EUR1.90.
Analyst, Stuart Jeffrey, comments on the recent release of the Windows-based (Nasdaq: MSFT) smartphones that were released yesterday. The first point, albeit odd, is regarding the weight of the phone (185 grams), which is approximately 34% heavier than key competitors. Jeffery said that he likes the new features, but notes that phones of that size usually don't end up being big sales successes.
Jeffrey feels shares of NOK sold off yesterday (and early this morning), because the company didn't announce any break-through innovations, no tablet, and possible Windows 8 delays. On the flip side, some positive points around the Lumia 920 are: 1) worlds best still camera; 2) best location-based service; 3) Access to Windows ecosystem; and 4) Attractive with robust case. Overall, retailers should have an easy time offering the phone as it compares to the likes of Apple's (Nasdaq: AAPL) iPhone and some of Samsung's smartphones.
Reviews from consumer electronic reports (like WSJ, Gizmodo, etc) should be out by mid-October.
Jeffrey expects a weak Q3, but solid Q4 and Q1 of 2013 should benefit from broadening distribution. Overall, NOK's share price will remain volatile as is it's share of the market. But, looking down the road, the expected sale of 400 million devices with Windows into should help capture 10% market share.
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 $2.38 yesterday.
Analyst, Stuart Jeffrey, comments on the recent release of the Windows-based (Nasdaq: MSFT) smartphones that were released yesterday. The first point, albeit odd, is regarding the weight of the phone (185 grams), which is approximately 34% heavier than key competitors. Jeffery said that he likes the new features, but notes that phones of that size usually don't end up being big sales successes.
Jeffrey feels shares of NOK sold off yesterday (and early this morning), because the company didn't announce any break-through innovations, no tablet, and possible Windows 8 delays. On the flip side, some positive points around the Lumia 920 are: 1) worlds best still camera; 2) best location-based service; 3) Access to Windows ecosystem; and 4) Attractive with robust case. Overall, retailers should have an easy time offering the phone as it compares to the likes of Apple's (Nasdaq: AAPL) iPhone and some of Samsung's smartphones.
Reviews from consumer electronic reports (like WSJ, Gizmodo, etc) should be out by mid-October.
Jeffrey expects a weak Q3, but solid Q4 and Q1 of 2013 should benefit from broadening distribution. Overall, NOK's share price will remain volatile as is it's share of the market. But, looking down the road, the expected sale of 400 million devices with Windows into should help capture 10% market share.
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 $2.38 yesterday.
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