Nokia Corporation (NYSE:NOK) Devices To Release When Hmd Global Took The Stage At MWC 2017- Verizon Communications (VZ)

Nokia Corporation (NYSE:NOK) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.56% to close at $5.37 with the total traded volume of 8.47 Million shares. Many anticipated new Nokia (NOK) devices to release when HMD Global took the stage at the MWC 2017 trade show last month. The company unveiled the new Nokia 3 and Nokia 5 Android phones and also confirmed global availability details for the Nokia 6 smartphone.

Apart from announcing new Android phones, HMD Global had also affirmed that the devices will get regular updates. Now, the company has reconfirmed that the Nokia brand, like several other Android handset OEMs, will be rolling out “Android updates and monthly security updates.” Nokia Mobile’s Twitter handle while replying to a query confirmed the news.

The tweet said, “Our products will receive Android updates and monthly security updates.”For those unaware, the Nokia 3 runs Android 7.0 Nougat while the Nokia 5 smartphone runs Android 7.1.1 Nougat out-of-the-box. HMD Global has already confirmed that the Nokia 3 and Nokia 5 smartphones will be making their way to the Indian market by Q2 2017. The company also confirmed that the Nokia 6 will be heading to the Indian market at the same time. All new Nokia phones are also set to launch in APAC, Middle East, Africa and Europe in Q2 2017.

The firm has institutional ownership of 5.90%. Its price to sales ratio ended at 1.22. NOK attains analyst recommendation of 2.60 with week’s performance of 3.67%.

Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] moved up reacts as active mover, shares an advance 1.58% to traded at $50.14 and the percentage gap between open changing to regular change was -0.20%. Verizon Communications Inc. (VZ) along with CBS Corporation (NYSE:CBS.A) have reported a new multiyear content carriage contract that includes continued retransmission consent of CBS-owned television stations, including CBS-owned The CW affiliates, in multiple markets across the country as well as distribution of the popular entertainment and sports channels SHOWTIME, Smithsonian Channel and CBS Sports Network on Verizon Fios TV.

In the near future, Verizon will also provide access to live authenticated streaming on CBS.com, the CBS App and Verizon’s authenticated platform, giving Verizon Fios’ TV consumers the ability to stream CBS live online and on mobile devices. In addition, CBS and Verizon have agreed to expand the partnership to future digital platforms, with specifics to be reported at a later date. Financial terms were not disclosed.

The firm’s current ratio calculated as 0.90 for the most recent quarter. The firm past twelve months price to sales ratio was 1.62 and price to cash ratio remained 71.03. As far as the returns are concern, the return on equity was recorded as 64.90% and return on investment was 15.10% while its return on asset stayed at 5.50%. The firm has total debt to equity ratio measured as 4.80.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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