Nokia Corporation NOK has broadened its partnership with Google Cloud Platform to accelerate the development of 5G solutions on a global scale. This collaboration aims to empower software developers in creating cutting-edge enterprise and consumer 5G applications by leveraging Google Cloud’s resources.
Utilizing its Network as a Code platform on Google Cloud, Nokia seeks to bring together telco networks, systems integrators, and software developers worldwide, fostering a cohesive ecosystem. The platform provides developers with essential technical tools like software development kits (SDKs), network API documentation, and a simulation and testing “sandbox” to facilitate the creation of software code snippets for various applications.
Nokia also looks to enhance the developer experience by integrating Google Cloud’s Vertex AI and Gemini 1.5 Pro model. These multimodal models possess the capability to comprehend diverse inputs and generate output by amalgamating various types of information such as text, images, video, or code.
The partnership is set to empower Google Cloud’s global developer community across multiple industries and regions, enabling them to leverage the potential of the 5G network and coding support agents for expedited software development.
This collaboration is anticipated to strengthen Nokia’s networking presence to cater to the expanding global connectivity requirements across a wide array of industries.
Comparison with Industry Growth
Over the past year, Nokia’s shares have experienced a decline of 12.2%, contrasting with the industry’s growth of 53.0%.
Market Analysis and Top Picks
Nokia currently holds a Zacks Rank #3 (Hold). Other standout stocks in the industry are highlighted below.
NVIDIA Corporation NVDA, with a Zacks Rank of 1 (Strong Buy), has delivered an average earning surprise of 18.43% over the trailing four quarters. In the most recent quarter, it surpassed earnings expectations by 11.48%. NVIDIA has been at the forefront of innovation, evolving from PC graphics to AI-based solutions.
Arista Networks, Inc. ANET, also boasting a Zacks Rank of 1, caters to prominent clients such as Fortune 500 companies in various sectors. Arista has demonstrated an average earning surprise of 15.39% and holds a long-term growth forecast of 15.68%.
Motorola Solutions MSI, currently holding a Zacks Rank #2 (Buy), provides services to government entities, public safety programs, and enterprises. Motorola delivered an average earning surprise of 7.54% and has a long-term growth projection of 9.47%.
Insights on Dividend Stocks
Zacks highlights five well-established companies with strong fundamentals and a history of dividend growth, indicating potential future payouts. These companies possess the capability and willingness to continue offering dividends.
For more in-depth analysis and valuable insights, explore Zacks’ Special Report, offering unconventional wisdom beyond the conventional financial guidance.