Boston, MA 02\/11\/2014 (wallstreetpr) – Nokia Corporation (ADR) (NYSE:NOK) <\/b>\u00a0performance in the market has been below par despite being bought by Microsoft, its fourth quarter results were not as good as expected and posted weak topline growth with its latest earnings report. Despite all this coming from Nokia, Citigroup analysts continue to rate Nokia a buy in their recent announcement to investors.<\/p>\n
Citigroup maintain that Nokia is looking beyond the Microsoft Corporation (NASDAQ:MSFT)<\/strong> deal and trying its level best of performing even better in the coming quarters. Citigroup maintain that the new Nokia which will exist after the sale of its devices is arguably the best and the cheapest in terms of EBITDA basis.<\/p>\n \u00a0Nokia competitors underperforming<\/b><\/p>\n It will be wrong to say that\u00a0 Nokia Corporation (ADR) (NYSE:NOK) is the only one performing badly in the market, when compared with its competitors it seems Nokia is performing quite good as its topline growth strives to improve. Some of its fierce rivals such as Alcatel Lucent and Erickson reported also weak topline an indication that the market has not stabilized and that Nokia is performing as it should. It will be right to say that Nokia margins are not sustainable when compared with that of its competitors.<\/p>\n A casing point that Nokia Corporation (ADR) (NYSE:NOK) is performing better is that its NSN division slightly missed consensus estimates by its revenues clocking in at $4.228 billion in contrast to estimates of $4.34 billion. However if you include the company\u2019s one time charge of $21milion\u00a0 to $24.5 billion in legal reserves as its VAT expenses\u00a0 the operating margins come in at 12%\u00a0 in contrast to estimates of 11,7%.<\/p>\n Nokia currently commands a huge patent portfolio which can be used to generate more revenue in the coming years Citigroup analyst maintain that Nokia\u2019s run rate could beat estimates by exceeding the $957 million after a final agreement is signed with Samsung.<\/p>\n Nokia Corporation (ADR) (NYSE:NOK) closed Monday trading session at a low of $7.38 dropping by 3.66%<\/p>\n","protected":false},"excerpt":{"rendered":" Boston, MA 02\/11\/2014 (wallstreetpr) – Nokia Corporation (ADR) (NYSE:NOK) \u00a0performance in the market has been below par despite being bought by Microsoft, its fourth quarter […]<\/p>\n","protected":false},"author":32,"featured_media":15019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1637,738,2817,672],"stock_ticker":[],"class_list":["post-15018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-microsoft-corporation-nasdaqmsft","tag-nasdaqmsft","tag-nokia-corporation-adr-nysenok","tag-nysenok","entry"],"acf":[],"yoast_head":"\n