Skip to main content

Nokia Oyj



) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day down 0.8%. By the end of trading, Nokia Oyj fell 14 cents (-4.6%) to $2.88 on average volume. Throughout the day, 41.7 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 38.9 million shares. The stock ranged in price between $2.87-$2.93 after having opened the day at $2.91 as compared to the previous trading day's close of $3.02. Other company's within the Telecommunications industry that declined today were:

Zoom Technologies



), down 13.8%,

B Communications



), down 12%,

China TechFaith Wireless Comm Tech



), down 10.6%, and

Scroll to Continue

TheStreet Recommends

Towerstream Corporation



), down 10.1%.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. Nokia Oyj has a market cap of $10.67 billion and is part of the


sector. Shares are down 40.9% year to date as of the close of trading on Monday. Currently there are two analysts that rate Nokia Oyj a buy, five analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a


. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front,

Powerwave Technologies



), up 14.1%,

Blonder Tongue Laboratories



), up 13.8%,

UniTek Global Services



), up 9.9%, and

Frequency Electronics



), up 9.2%, were all gainers within the telecommunications industry with

Mobile Telesystems OJSC



) being today's featured telecommunications industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider

iShares Dow Jones US Telecom



) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication