Tech Stocks Growth; Nokia Corp (NOK), salesforce.com (CRM)

Shares of Nokia Corp (ADR) (NYSE:NOK) ended Wednesday session in red amid volatile trading. The shares closed down -0.04 points or -0.80% at $4.98 with 5.48 million shares getting traded. Post opening the session at $4.99, the shares hit an intraday low of $4.95 and an intraday high of $4.99 and the price vacillated in this range throughout the day. The company has a market cap of $29.45 billion and the numbers of outstanding shares have been calculated to be 5.77 billion shares.

Nokia Corp (ADR) (NOK) and STC have signed an agreement to expand high-speed mobile broadband capacity and coverage in Saudi Arabia using Nokia’s 4.5G technology. The enhanced network will meet the ever-increasing demands of subscribers across the country, including the millions of visitors who travel to the cities of Mecca and Medina each year, particularly during the Hajj and Ramadan seasons.

Nokia’s 4.5G technology leverages techniques such as carrier aggregation to optimize network resources and boost speeds to meet growing data demands. Data traffic has increased in Saudi Arabia following the expansion of 4G, with the network in Mecca and Medina in particular experiencing spikes in demand.

Nokia has already completed the first phase of the deployment in Mecca and Medina, where the company was asked to dramatically increase capacity. Using 4.5G technology, including Saudi Arabia’s first indoor small cells deployment, STC managed the huge traffic demands during this year’s Hajj pilgrimage, which during peak times recorded an increase in 4G traffic of 600 percent compared to 2015.

Shares of salesforce.com, inc. (NYSE:CRM) ended Wednesday session in green amid volatile trading. The shares closed up +0.05 points or 0.07% at $72.82 with 3.67 million shares getting traded. Post opening the session at $72.61, the shares hit an intraday low of $72.44 and an intraday high of $75.50 and the price vacillated in this range throughout the day. The company has a market cap of $49.84 billion and the numbers of outstanding shares have been calculated to be 685.00 million shares.

salesforce.com, inc. (CRM) announced that Dunkin’ Brands the international franchisor of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream has successfully deployed the Salesforce Customer Success Platform including Salesforce Platform, Marketing Cloud and Sales Cloud to get smarter about its customers, deliver 1-to-1 loyalty journeys, and empower employees to run their business from their phones.

Dunkin’ understands that loyalty can only be earned by putting the customer at the center of everything it does—a commitment that has earned it the #1 ranking in customer loyalty and engagement in the out-of-home coffee category for 10 consecutive years, according to the Brand Keys Customer Loyalty Index. Dunkin’ turned to the Salesforce Customer Success Platform to bring its customer engagement initiatives on one platform, as well as automate and streamline internal processes so that it can dedicate more time to delivering unmatched customer experiences.

 

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