Nokia Corporation (NOK) is a Finland-based telecommunication and network infrastructure company. The Company operates through two business segments: Nokia Networks and Nokia Technologies. Nokia Networks offers network infrastructure software, hardware and services, and is divided into Mobile Broadband and Global Services. Nokia Technologies develops and licenses technologies and manages an Intellectual Property (IP) portfolio of approximately 10,000 patent families consisted of approximately 30,000 individual patents and patent applications.

I Know First wrote an article about Nokia on July 8th, 2015. The article argued that the company’s stocks were likely to rise again due to the strong bullish algorithmic signal found. Nokia has seen increased revenue due to royalties from larger companies that are using patented technology. Additionally, Nokia is ready to re-enter mobile phone manufacturing industry this year. NOK stock has risen by 9.47% since this bullish forecast was published.

While analyzing the stock in technical terms, it is seen that the stock has a 50 Day Moving Average of 7.178 and is trading -0.045% from it. Also, from its 200-day average, it is trading +4.257% off that mark. The stock’s current trading price is -14.277% of its 52-week high of 8.370 and +25.657% off its 52-week low of 5.710.

In last trading session, the stock price of Nokia Corporation (NYSE: NOK) closed at 7.160. Nokia Corporation Sponsored Ame, which is a NYQ public traded firm, has a market of 26.01B and has recorded an average daily volume of 11,335,300 since the last three months.

Tim Long is also bullish on the stock. The analyst believes Nokia will achieve more in synergistic savings than the 900 million euros it estimated. He explains, “The NOK management team has proved adept at restructuring, taking their Networks margins from breakeven to over 10% in a few years.” Long concludes, “Finally, NOK and ALU combined will have a huge Intellectual Property position, and each is currently under-leveraged. We believe IPR revenues can grow meaningfully over the next few years.”