Nokia (NOK) Jumps: Stock Rises 9.3% - Tale of the Tape

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Nokia Corp. ( NOK ) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.66 to $7.03 since Jan 23.

The company has seen five positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Nokia. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.

Nokia currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Investors interested in the wireless equipment industry could also consider ShoreTel, Inc. ( SHOR ), Comtech Telecommunications Corp. ( CMTL ) and Harris Corp. ( HRS ).  While ShoteTel sports a Zacks Rank #1 (Strong Buy), Comtech and Harris have a Zacks Rank #2 (Buy).

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COMTECH TELECOM (CMTL): Free Stock Analysis Report

HARRIS CORP (HRS): Free Stock Analysis Report

NOKIA CP-ADR A (NOK): Free Stock Analysis Report

SHORETEL INC (SHOR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: CMTL , HRS , NOK , SHOR

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54,719,528
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38,323,305
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33,568,433
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30,292,353
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As of 10/21/2014, 12:12 PM

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