Nokia Corporation (ADR) (NOK) Reports Positive Patent Decision Regrading Arbitration With Samsung

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We all know that within the tech space, a company’s patent portfolio can be just as valauble as the products they actually produce. Just ask Nokia Corporation (ADR) (NYSE:NOK), who today reported that they have received a positive decision in their patent licese arbitration with Samsung, which will result in a positive financial impact for Nokia Technologies.

“The use of independent arbitration to resolve differences in patent cases is a recognized best practice, and we welcome the additional compensation payable to Nokia under the extended agreement,” said Ramzi Haidamus, President of Nokia Technologies. “We look forward to further collaboration with Samsung and others in additional licensing opportunities in the mobile communications market and beyond.”

While the exact financial gain by this arbitration has not been stated, Nokia has said that they expect to bring in around $1.41 billion in cash between 2016 and 2018 thanks to settlements and the ongoing arbitration of Nokia Technologies’ intellectual property rights.

The stock increased 1.48% or $0.11 during the last trading session, hitting $7.2. About 1.08 million shares traded hands. NOK has declined 0.55% since June 25, 2015 and is downtrending. It has outperformed the S&P500 by 8.32%.

From a total of 8 analysts covering Nokia (NYSE:NOK) stock, 6 rate it a “Buy”, 1 a “Sell”, and 1 a “Hold”. This means that 75% of the ratings are positive. The highest target price is $12.0 while the lowest target price is $8.0. The mean of all analyst targets is $10 which is 38.89% above today’s ($7.2) stock price. Nokia was the topic of 8 analyst reports since August 26, 2015 according to the firm StockzIntelligence Inc. Argus Research upgraded shares on January 15 to a “Buy” rating. TheStreet upgraded NOK stock in a recent report from October 16 to a “Buy” rating. Finally, Deutsche Bank upgraded the stock to a “Buy” rating in a report they issued on a September 21.

Nokia Corporation is a Finland-based telecommunication and network infrastructure company. The company has a market cap of $39.51 billion. The Firm operates through two business divisions: Nokia Networks and Nokia Technologies. It has 24.79 P/E ratio. Nokia Networks offers network infrastructure software, hardware and services, and is divided into Mobile Broadband and Global Services.

#focuskw=’Nokia Corporation (ADR) (NYSE:NOK)’##metadesc=’We all know that within the tech space, a company’s patent portfolio can be just as valauble as the products they actually produce. Just ask Nokia Corporation (ADR) (NYSE:NOK), who today reported that they have received a positive decision in their patent licese arbitration with Samsung, which will result in a positive financial impact for Nokia Technologies. “The use of independent arbitration to resolve differences in patent cases is a recognized best practice, and we welcome the additional compensation payable to Nokia under the extended agreement,” said Ramzi Haidamus, President of Nokia Technologies. “We look forward to further collaboration with Samsung and others in additional licensing opportunities in the mobile communications market and beyond.”While the exact financial gain by this arbitration has not been stated, Nokia has said that they expect to bring in around $1.41 billion in cash between 2016 and 2018 thanks to settlements and the ongoing arbitration of Nokia Technologies’ intellectual property rights. ‘##metarobot=’index’##newskw=’Zafgen Inc positive news,Zafgen Inc – (NASDAQ:ZFGN),NASDAQ:ZFGN Analyst rating analysis,Stock Analysis,Outlook and potential,ZFGN Price change and trend,ZFGN stock update’##sitemap=’include’##skipsocial##stockticker=’NYSE:NOK’#