Analysts: Revenue Declines Will Plague Nokia and 3 Other Notes to Check Out

Nokia (NYSE:NOK): Deutsche Bank believes that revenue declines and peaking gross margins will plague Nokia Solutions and Networks and result in another restructuring for the company. The firm expects Nokia Solutions and Networks’s revenues to keep declining, given slowing high-margin Capex exposure in developed Asia as well as limited growth in the U.S. and Europe. The analyst adds that ongoing cash burn will deplete the net cash by year-end 2014, and that a potentially value-unlocking breakup of the company is unlikely. Deutsche Bank rates shares a Sell and views risk/reward profile as unfavorable.


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