The telecommunications industry closed the day up 2.1%. Orsus Xelent Technologies Inc ( ORS), Zoom Technologies Inc ( ZOOM), FairPoint Communications Inc ( FRP), and Multiband Corporation ( MBND) were all winners today within the telecommunications industry with Nokia Oyj ( NOK) being today's featured telecommunications winner. Nokia Oyj rose 32 cents (5.7%) to $5.90 on average volume. Throughout the day, 36.7 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 34 million shares. Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. Its Devices & Services segment develops and manages a portfolio of mobile devices; and services comprising applications and content. Nokia Oyj has a market cap of $20.2 billion and is part of the technology sector. The company has a P/E ratio of 8.2, below the average telecommunications industry P/E ratio of 12.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 47.8% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.
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