NOKIA to the Moon!!| NASA Contract| Undervalued |High growth potential |

Nokia Corporation’s (NYSE:NOK) comeback story is nothing short of extraordinary. The company has evolved from one of the world’s top mobile-phone makers to a significant player in the telecom-equipment world. It controlled 16% of the latter market’s sales in 2019, compared to Huawei’s 28% share and Ericsson’s (NASDAQ:ERIC) 14. Nokia is now in prime position to ride the 5G wave and help Nokia stock to soar.

Once Nokia sold its smartphone business in 2014, the company was in dire need of a fundamental makeover to survive in the market. Nokia announced a change in leadership and appointed Rajeev Suri, who was then its head of network equipment, as its CEO.

India-born Suri had worked at Nokia for 20 years and had led Nokia Solutions and Networks (NSN) since October 2009, turning it profitable. After assuming control of the firm, in his letter addressed to Nokia’s employees, he talked about how “the Nokia I grew up in is no more.” He felt it was important for the company’s employees to understand the fundamental shift in its business model towards a more rapidly evolving networks sector.

The strategy proved to be a massive success as Nokia grew its revenues by 54% from 2014 to 2019. It was also during this time that the company acquired Alcatel-Lucent in 2015, becoming one of the three major global mobile-equipment manufacturers in the process.

However, recently Suri announced that he was stepping down as CEO. He will be replaced by former Fortum (OTCMKTS:FOJCF) CEO, Pekka Lundmark. Lundmark has amassed a wealth of experience working with top companies specializing in everything from homeware to power plants. His primary focus at Nokia will be to maximize its 5G capabilities and continue the great work done by his predecessor.

Видео NOKIA to the Moon!!| NASA Contract| Undervalued |High growth potential | канала Powerfull DaVinci Investments