Yahoo Finance Nokia (NOK), Telefonica Team Up to Expand Access of Network APIs
Nokia Corporation NOK recently joined forces with Telefonica, a prominent telecommunication company based in Madrid, to unlock new use cases and accelerate the adoption of network APIs leveraging 5G Standalone capabilities. Network APIs are a vital component in modern telecommunication infrastructure. It equips developers with tools and capabilities to craft new services and advance use cases such as real-time applications, augmented reality, virtual reality and advanced IoT solutions.
In the recent venture, Telefonica is leveraging the Nokia Network as Code platform to support developers. The technology combines networks, system integrators and system developers into a cohesive ecosystem. The platform simplifies the integration of advanced 5G capabilities for developers, eliminating the complexities of navigating intricate network technologies.
Telefonica also selected Nokia’s NEF (Network Exposure Function) solution to explore new API opportunities in Spain and Germany. Based on 3GPP specifications, the solution provides a comprehensive platform that offers controlled and secure exposure of network services such as voice, data connectivity, charging and more to third-party developers. Its support for API mashups enables developers to integrate multiple APIs from different core functions to create customized APIs.
The collaboration will focus on enhancing developers' access to advanced 5G network features like precise device location, enhanced notifications based on connectivity status, and edge discovery. Nokia’s cutting-edge solution suite will streamline API integration, while greater access to 5G network capabilities will propel the creation of innovative services for consumer, enterprise and industrial customers.
Broader industry trends suggest a shift towards monetizing network capabilities through APIs and developer ecosystems. Through this collaboration, Nokia is strategically positioning itself to capitalize on this emerging trend.
Nokia currently has 319 commercial 5G deals with communications service providers globally. It has 110 live 5G networks, both public and private. The 5G portfolio is increasingly gaining traction among enterprise customers.
The stock has declined 7.2% in the past year against the industry’s growth of 40.5%.
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Zacks Rank & Stocks to Consider
Nokia currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation NVDA, sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. ANET, sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.68% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Silicon Motion Technology Corporation SIMO, sporting a Zacks Rank #1 at present, delivered a trailing four-quarter average earnings surprise of 4.72%.
It is a leading developer of microcontroller ICs for NAND flash storage devices. The semiconductor company also designs, develops and markets high-performance, low-power semiconductor solutions for original equipment manufacturers and other customers.
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