Nokia Corporation (NYSE:NOK) Creation of a Strategic Roadmap for Network Evolution To 5g-Technology- RMG Networks (RMGN)

Finnish telecom equipment manufacturer, Nokia Corporation (NYSE:NOK) [Trend Analysis] luring active investment momentum, shares a loss -0.76% to $5.22. In a strategic move, Nokia and India’s largest telecom service provider BhartiAirtel on Wednesday reported creation of a strategic roadmap for network evolution to the 5G-technology standard and Internet of Things (IoT)-enabled devices. Nokia and Airtel will build on 4G in terms of power, operations and cost effectiveness with the highest level of quality and reliability.

“The 5G and IoT applications have tremendous potential to transform lives and we are pleased to partner with Nokia to enable these future technologies for our consumers,” AbhaySavargaonkar, Director-Network Services (India and South Asia), BhartiAirtel, said in a statement. The 5G technology promises to enable dramatic improvements in peak data speeds, network latency and agility, as well as the ability to enable new capabilities such as network slicing. This will allow operators to support a growing number of consumers and potentially billions of connected IoT devices with consistent quality of service. The total volume of 19.06 Million shares held in the session was surprisingly higher than its average volume of 13493.24 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -143.40%, and looking further price to next year’s EPS is 34.44%. While take a short look on price to sales ratio, that was 1.20.

Shares of RMG Networks Holding Corporation (NASDAQ:RMGN) [Trend Analysis] runs in leading trade, it moving down -6.12% to traded at $0.92. The firm has price volatility of 11.74% for a week and 7.85% for a month. Its beta stands at 0.48 times. RMG Networks Holding Corporation (NASDAQ:RMGN) reported that its financial results for the fourth quarter and full year ended December 31, 2016.

“The fourth quarter of 2016 capped a year of important strategic and financial progress for RMG that resulted in the company delivering over $4 million in Adj. EBITDA improvement for the full year 2016,” commented Robert Michelson, Chief Executive Officer. “During the fourth quarter, we delivered sequential revenue growth and demonstrated traction in each of our strategic growth areas, generating sales orders in supply chain, with our new channel partner, with large consumers and with our newly-launched RMG MAX product.”

“The growth in our core North America business continues to excite us as the team achieved over 25% year-over-year revenue growth in the fourth quarter,” Michelson added. Narrow down four to firm performance, its weekly performance was -2.13% and monthly performance was 37.31%. The stock price of RMGN is moving up from its 20 days moving average with 16.68% and isolated positively from 50 days moving average with 26.33%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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