CHICAGO, May 14, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Nokia Corporation (NYSE: NOK), Verizon Communications Inc. (NYSE: VZ), Microsoft Corporation (Nasdaq: MSFT), Apple Inc. (Nasdaq: AAPL) and Google Inc. (Nasdaq: GOOG).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Monday's Analyst Blog:
Verizon to Offer New Lumia
Smartphone manufacturer Nokia Corporation (NYSE: NOK) is set to launch a new Lumia 928 through the largest U.S. telecom carrier,Verizon Communications Inc. (NYSE: VZ). It is believed to be an attempt by the Finnish company to gain a meaningful foothold in the high-margin smartphone market within the U.S.
Lumia 928 is similar to Nokia's flagship Lumia 920 and possesses a 1.5GHz processor, brighter 4.5 inch display and an 8.7 megapixel PureView camera with Carl Zeiss lenses that allow sharp images even in low lights. The latest smartphone is 23 grams lighter than Lumia 920 and runs on Microsoft Corporation's (Nasdaq: MSFT) Windows phone8 operating platform.
Lumia 928 is exclusive to Verizon Wireless and has been priced at $99 after allowing a $50 mail-in rebate and a two year contract. The smartphone will be offered in both black and white and will be available in Verizon stores from May 16, 2013. However, arch rival AT&T is offering refurbished Lumia 920 at $0.99 with a two-year contract, while online retailer Amazon is offering the phone at $19.99.
Previously, there have been talks between Nokia and Verizon for a possible deal to offer the former's high-end smartphone range, Lumia. Though nothing concrete has materialized, the deal would enhance Verizon's smartphones offering and add a third operating system to the iPhone and other Android-based devices.
In the last couple of years, Nokia has fallen behind in the smartphone leadership race, which has been mainly dominated by Apple Inc.'s (Nasdaq: AAPL) iPhone and Samsung's Galaxy range, which runs on Google Inc.'s (Nasdaq: GOOG) Android platform. However, in the last couple of quarters, Nokia has performed impressively based on a good show from its Lumia series. At the end of first quarter the company sold 5.6 million handsets recording sequential growth of 27.3%.
Nokia has strategically priced the phone to target the sub $100 smartphone market as carriers in the U.S. continue to slash handset prices to attract customers. We believe that Lumia 928's innovative features coupled with Verizon's leading LTE network within the U.S. will beneficial for Nokia to draw additional buyers for Lumia. Nevertheless, the Oslo-based company still has to go a long way to expand its smartphone market share from the present 5%.
Nokia currently carries a Zacks Rank #3 (Hold).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.