Nokia Corporation (NYSE:NOK) approaches Verizon Communications Inc (NYSE:VZ) to finalize Lumia 928 launch

Nokia CorporationThe Finland based handset maker Nokia Corporation (NYSE:NOK) is about to give a final touch to its long rumored Lumia 928 smartphone as the device now makes its way to Verizon Communications Inc (NYSE:VZ) for its launch.

For a considerable amount of time the Lumia 928 remained in news for its most waited launch. Although the company itself remained a bit secretive on its Web site advising only to users that they should stay in touch for updates about the upcoming Nokia Lumia.

Last month there were some reports that Verizon was approached by Nokia to launch its new device through Verizon’s fleet. The device is going to be an impressive machine equipped with Snapdragon dual core processor along with 4.5 inch razor sharp display with rear mounted 8 megapixel camera. There is also a Nokia Lumia 928 ad showing the logos of both companies, Nokia and Verizon, which clearly marks their mutual collaboration.

Nokia Corporation (ADR) (NYSE:NOK) stock in last trading session end up at $3.40 by advancing 3.03% with the average volume of 35.47 million shares.  In after hours trading NOK stock rise 1.18%. In premarket NOK stock rises 3.24%.

The stock price saw week’s volatility of 1.93% and month’s volatility is 2.88%, while the stock price of the company is moving up from its 20 days moving average with 2.41% and isolated negatively from 50 days moving average with -0.41%.

Looking at Analytic Ratios; the price to sales ratio of NOK in past twelve months was calculated as 0.34 and price to cash ratio as 0.93. Company return on equity ratio is recorded as -26.32% and its return on assets is -8.24%, and return on investment is -18.12%.

Leave a Reply