Nokia Vs. Blackberry: Which Stock Is A Better Buy?

Nokia Corporation (NOK - Get Rating) is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The company’s network segment comprises Mobile Access, Fixed Access, IP Routing, and Optical Networks businesses. NOK serves communications service providers, governments, large enterprises, and consumers.

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BlackBerry Limited (BB - Get Rating) provides security software and services to enterprises and governments worldwide. The company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and offers endpoint security management, encryption, and embedded systems.

The networking industry witnessed rising demand for its products and services over the past year owing to the rapid adoption of remote working and learning. In fact, the global Data Center Networking market is expected to grow at a 7.2% CAGR over the next five years to reach $20.94 billion by 2025.

While NOK lost 2.2% over the past nine months, BB surged 83.1%. In terms of their past month’s performance, NOK is a clear winner with 19.1% gains versus BB’s 0.8% returns. But, which of these stocks is a better pick now? Let’s find out.

Latest Movements

On May 18, 2021, NOK announced that it will supply its Digital Operations software, cloud infrastructure software, and AirFrame servers to help PLDT, a Philippines-based telecommunications company, and its wireless unit, Smart Communications, transform nationwide networks and standardize virtualization environments. With the help of NOK’s solutions, PLDT and Smart will be able to reduce operating costs and increase customer satisfaction by automating service, network, and cloud operations. Its success should result in a long-term partnership with NOK.

NOK was chosen by Telefónica’s Latin American brand, Movistar Chile, on May 10, to provide AirScale technology equipment for launching Movistar’s 5G network in Chile. NOK will also upgrade the company’s 4G and 4G+ networks to strengthen the critical network backbone across Chile’s key markets. Supported by Movistar’s fiber optics, NOK’s high-speed mobile technology is moving to deliver next-generation connectivity to enterprises and end-users in Latin America.

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Andrew Armstrong 3 weeks ago Member's comment

I think both stocks are pretty good!

Adam Sundler 3 weeks ago Member's comment

Agreed, a no brainer.