Is Nokia a Buy Now?

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With shares of Nokia (NYSE:NOK) trading around $8, is NOK an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

Nokia operates as a mobile communications company worldwide. It designs and develops mobile products and services; provides digital map information and related location-based content and services for mobile navigation devices, automotive navigation systems and Internet-based mapping applications; and provides mobile- and fixed-network infrastructure, communications, and networks service platforms, as well as professional services and business solutions to operators and service providers. Nokia operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks.

The smartphone maker Nokia may not have officially revealed plans for making android devices, but rumors about the firm’s first android based handset, thought to be codenamed Normandy, are buzzing again. Earlier, a report had claimed that the company might launch the Normandy in 2014 and described the Nokia Normandy efforts as full steam ahead. The report also revealed that the firm has been working on a forked or fully tailored version of android.

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