Another long-standing name on our lists of penny stocks is Nokia. The well-known telecom company has been the center of attention for those searching for “5G penny stocks”. There are plenty of 5G names out there, but not nearly as many are trading under $5 as they do above it. In Nokia’s case, even though shares are lower in price, it doesn’t mean the company isn’t doing its part to execute new milestones. In fact, of the interesting stories discussed previously was one concerning NASA.
Nokia Bell Labs’ pioneering innovations will be used to build and deploy the first ultra-compact, low-power, space-hardened, end-to-end LTE solution on the lunar surface in late 2022. While that’s a head-turning story, there’s been plenty more progress to discuss with Nokia. That includes a very recent headline involving the National Cybersecurity Center of Excellence 5G Cybersecurity Project.
Nokia was selected to participate in the project, including providing hardware and software, mobile network security, and 5G RAN expertise. Furthermore, the momentum that stemmed from that update has continued this week. Since last summer, shares of NOK have begun testing the upper limits of the penny stock range for the first time. In light of 5G hype, will NOK be a penny stock much longer?
Read more at: Financial Content