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Nokia (NOK) Increases Investment in Guadalajara 5G Facility

Nokia Corp. NOK recently announced that it has upgraded its 5G testing lab located in Guadalajara, Mexico, to support testing across new uses cases.

The state-of-the-art facility will enable the testing of new 5G products and support growing sales and supply chain operations in the region.

Started in 2017, Nokia’s Guadalajara Lab develops a wide range of tests for hardware solutions like radio frequency testing for 3G, 4G and 5G networks. It also executes additional testing for product change notification, mechanical analysis and power supply analysis, among others.

The lab has received substantial investment over the years and works closely with Nokia’s design facilities in Dallas, TX and Naperville, IL.

Nokia’s shares have gained 39.6% in the past year compared with the industry’s growth of 23.6%.

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The lab provides services to both Latin America and North America. Further, Nokia’s soon-to-come 5G deployments in Mexico and Latin America will be supported by its own operations. It will also benefit from the free trade agreement between the United States, Mexico and Canada.

Nokia’s lab performs tests to ensure that its products meet a wide range of national and international standards. The company has an increasing footprint in Latin America, with more than 3,700 employees working in 14 countries.

Nokia is a leader in the 5G Standalone Core market, with more than 80 communication service providers and enterprise customers globally. It has reached 4,000 patent families, declared as essential to 5G standards.

The company is well-poised to benefit from the growing demand for next-generation connectivity. It has made meaningful progress in its three-phased journey of value creation. Its focus on capital allocation and technology leadership is likely to help it grow profitably.

NOK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearfield, Inc. CLFD is a better-ranked stock in the industry, carrying a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 30 days.

Clearfield delivered a trailing four-quarter earnings surprise of 50.8%, on average. It has soared 183.8% in the past year.

Qualcomm, Inc. QCOM, carrying a Zacks Rank #2, is another solid pick for investors. The consensus estimate for current-year earnings has been revised 0.5% upward over the past seven days.

Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. It has gained 24.4% in the past year.

Sierra Wireless, Inc. SWIR carries a Zacks Rank #2. The consensus estimate for current-year earnings has been revised 20.5% upward over the past 30 days.

Sierra delivered a trailing four-quarter earnings surprise of 34.2%, on average. The stock has appreciated 60.5% in the past year.

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