Prior to reporting its third quarter earnings last week, Nokia had a market cap of a little more than $29 billion. After reporting its Q3 financials, including a reduction in forecasts for 2019 and into 2020, the network infrastructure vendor’s stock dropped more than 25%, bringing the market cap down some $8 billion to a little more than $21 billion.
Nokia, like its primary competitors Ericsson and Huawei, is involved in 5G deployments around the world with the Finnish giant having successfully launched 15 live networks. So what’s the disconnect given Ericsson and Huawei both reported positive financials?
