The company backed off 2016, suggesting that licensing could be beyond 2016, according to Barron's.com.
But analysts are keeping their "market perform" rating as they see several positives, including investments in new technologies as its combined broad Nokia/Alcatel-Lucent portfolio.
However, "While we do not doubt the portfolio benefits Nokia/Alcatel-Lucent (ALU) could bring, we think full integration may see challenges, which we think will be important in the backdrop of a flat total addressable market," the firm noted.
Nokia in January completed its $16.6 billion acquisition of French rival Alcatel-Lucent.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: NOK