Nokia (NOK), An Outperformer: A Report From Cowen And Company
December 01, 2009 10:09 AM
A recent report by Cowen and Company has expressed bullish signs on Nokia (NYSE: NOK). In the report, Cowen is quite confident on Nokia’s continuing low-cost leadership. According to the firm, Nokia’s Management is expected to provide industry volume guidance for the next financial year in the analysts meet to be held tomorrow.
It is to be noted that Nokia shares have been range-bound of late as the company has struggled to update and articulate the strategy of its core businesses.
It is expected that the management will focus upon impact of a top-down re-organization and advancing its mobile software plan in the analysts meet. An updated Nokia’s organization chart can be expected in place delineating reporting structures shortly.
It is to be noted that Cowen has estimated Nokia’s market share at 35.6 % compared to consensus of 37.6%. However, the EPS of Cowen is in line with the consensus at 0.19 euros.
