Nokia Expands Developer Access With APIs on Google Cloud Marketplace

Nokia NOK has announced the availability of three of its advanced network APIs—Quality of Service on Demand, Number Verification and Device Location Verification—on Google Cloud Marketplace. Google Cloud Marketplace serves as a comprehensive catalog of solutions from Google and its ecosystem partners, enabling users to seamlessly discover and deploy technologies.This move is aimed at making it easier for developers across the globe to integrate robust telecom capabilities into their applications. Nokia is streamlining access for developers to utilize mobile network features without dealing with the complexities of the underlying infrastructure by listing these APIs on a widely used platform.With Nokia’s APIs accessible through this platform, developers can tap into multiple mobile networks and create innovative services using Nokia’s Network as Code platform and developer portal. This offering provides standardized, simplified access to network functions, with additional APIs expected to be launched on the Marketplace in the near future.Nokia Corporation Price and Consensus Nokia Corporation price-consensus-chart | Nokia Corporation QuoteThese APIs adhere to global standards, such as GSMA’s Open Gateway and CAMARA, ensuring interoperability and scalability for applications developed across Nokia’s expanding network of CSP partners.Each API offers distinct capabilities: the Quality of Service on Demand API allows developers to request guaranteed, high-performance connectivity for specific durations, ideal for scenarios like live streaming at crowded venues. The Number Verification API helps confirm ownership of a phone number, an essential tool for industries like finance and retail to combat fraud. Meanwhile, the Device Location Verification API enhances transaction security by validating if a device is being used from its registered location.Management highlighted that the availability of Nokia APIs on Google Cloud Marketplace is about giving developers easy access and simplified use of trusted network intelligence.In addition to its latest API advancements, Nokia is experiencing strong momentum in its strategic focus areas of software and enterprise, which bodes well for the growth of its licensing business. The company is poised to benefit from copper and fiber deployments of passive optical networking. Nokia seeks to expand its business into targeted, high-growth and high-margin vertical markets to capitalize on growth opportunities beyond its traditional primary markets. Furthermore, its large installed base of high-capacity AirScale products serves as a strong tailwind, enabling customers to upgrade to 5G more efficiently.NOK’s Zacks Rank & Stock Price PerformanceNokia currently carries a Zacks Rank #3 (Hold). Shares of Nokia have gained 9.2% over the past six months compared with the Wireless Equipment industry’s growth of 2.7%.Image Source: Zacks Investment ResearchStocks to Consider From the Computer and Technology SpaceSome better-ranked stocks from the broader technology space are NETGEAR, Inc. NTGR, Intuit Inc. INTU and Ubiquiti Inc. UI. NTGR and INTU sport a Zacks Rank #1 (Strong Buy), while UI carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.NETGEAR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 179.12%. In the last reported quarter, NTGR delivered an earnings surprise of 105.71%. Its shares have surged 92.5% in the past year.Intuit’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.15%. In the last reported quarter, INTU Holdings delivered an earnings surprise of 6.98%. Its shares have soared 20.7% in the six months.Ubiquiti earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 29.93%. In the last reported quarter, UI delivered an earnings surprise of 61.29%. UI shares have skyrocketed 144.7% over the past year.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nokia Corporation (NOK): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report NETGEAR, Inc. (NTGR): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks