3 Reasons to Avoid Nokia Stock
Nokia (NYSE: NOK) looks like a screaming buy on the surface. The company beat first-quarter earnings estimates when it reported Thursday, and its stock price rose by 11% the next day.
It could also continue to earn business as companies increase demand for telecom equipment and national governments block companies within their borders from using Huawei's competing hardware. However, investors also should consider three factors that could undercut Nokia's potentially lucrative 5G opportunity.
Nokia benefits by providing the equipment that makes 5G possible. The network infrastructure division of the company, which manufactures that equipment, produced the largest revenue gains in the first quarter.
Source Fool.com
