After meeting with Nokia's CEO Rajeev Suri, analysts said that Nokia is receiving "significant interest" for its mapping unit HERE business from multiple entities such as car markers and location-driven technology companies.
Additionally, licensing activity is tracking well, with 60 licensees for Nokia's 2G/3G/4G mobile IP and a robust pipeline in place, according to the analyst note.
Separately, on Wednesday, Microsoft (MSFT) announced that former Nokia CEO Stephen Elop who became the executive VP of Microsoft's Devices Group after Microsoft acquired Nokia's devices group, will be leaving the company.
In Thursday's early morning trading session, shares are dropping 0.28% to $7.10.
Separately, TheStreet Ratings team rates NOKIA CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NOKIA CORP (NOK) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, compelling growth in net income and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."