Nokia Oyj ADR
NOK: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| v.m | LOCK|f%B | LOCK|NtvpV^j |
Mobile Networks Struggle, but Nokia will Benefit from Long-term Network Infrastructure Demand
Business Strategy and Outlook
Nokia’s largest business supplies radio access network, or RAN, equipment to telecom carriers worldwide. Along with peers Ericsson and Samsung, the firm is a leader in the telecom equipment industry and should continue to benefit from the global 5G buildout. However, providing RAN equipment and services is an incredibly challenging business, in our opinion.
