Watch List: Nokia Corporation (NYSE:NOK)

On Thursday, Nokia Corporation (NYSE:NOK) ended the last transaction at $6.26, with a change of -0.48% or -0.03points. The daily volume was calculated at volume shares 31,002,922. The company has a market worth of $34.881B. It holds an average volume of 26,364,936 shares. In recent session, the stock hit the peak level of $6.34 and touched to lowest level of $6.24.

The stock price is trading upbeat from its 200 days moving average with 8.50% and up from 50 days moving average with 1.30%.

Munich, Germany – Local cloud computing (Multi-access Edge Computing – MEC) is a key enabling technology for connected driving, specifically for driving safety. It is vitally important that the industries involved in connected driving work closely together to turn the concepts into sustainable business for all parties involved. These are the main conclusions of the Car2MEC project after two years of intensive trialing and testing by Continental, Deutsche Telekom, Fraunhofer ESK, MHP and Nokia on the A9 motorway digital test track in Germany.

Car2MEC was funded by the Bavarian Ministry for Economic Affairs. The goal of the project was to gain insights into the value of MEC for connected driving with regards to technology and network architecture as well as economically. The project partners tested a number of different use cases on the A9 motorway, including “emergency warning”, “end of jam warning”, “variable speed limit assistant” and “HD maps”.

Deutsche Telekom deployed a project specific infrastructure with two locally separated MEC in the test area at the A9 motorway. The test bed shared resources with the LTE live network and had been operated for 12 months allowing for extensive test drives. This set up was a exclusive prospects to assess MEC technology in a real-world environment: public road and commercial cellular network with many parallel users.

“The project results validate the performance of edge computing over our 4G networks as a potential enabler for automotive cases that require low latency and ultra-high reliability,” says Alexander Lautz, Senior Vice President 5G, Deutsche Telekom. “Going forward, we will continue to collaborate with partners in the automotive sector on the evolution of the technology and its application in connected and automated driving solutions that will deliver the best driving experience.”

Nokia’s Multi-access Edge Computing technology (MEC) brings cloud computing resources closer to the roadside, enabling much faster reaction times (latency) in the network contrast to centralized cloud architectures. This is crucial for applications like emergency warning or end-of-jam warning where milliseconds can make a big difference. The testing confirmed that time critical information can be delivered from one car to another in less than 30 ms in an LTE network combined with a MEC based Edge Cloud. Also, the performance of latency critical and data intense applications like HD positioning and maps improved importantly when supported by an Edge Cloud infrastructure.

The average true range of Nokia Corporation’s (NOK) is recorded at 0.11 and the relative strength index of the stock stands 54.57. The stock price is going above to its 52 week low with 23.47% and lagging behind from its 52 week high with -5.86%. Analyst recommendation for this stock stands at 2.30. A look on the firm performance, its monthly performance is 2.62% and a quarterly performance of 8.30%.

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four sections: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

 (NOK) has price-to-cash ratio of 5.16 and price to sale ratio of 1.34. The company net profit margin is -4.50% and gross profit margin is 37.40%. A look on the firm performance, its monthly performance is 2.62% and a quarterly performance of 8.30%. The stock price is moving up from its 20 days moving average with 1.39% and isolated positively from 50 days moving average with 1.30%.

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