Nokia Corporation Recently, NOK declared that they have signed a five-year pact with Fibrus to implement their Deepfield DDoS (Distributed Denial of Service) security solution aimed at safeguarding Fibrus’ network against escalating threats posed by DDoS attacks. Through this partnership,
The primary supplier of broadband services in Northern Ireland and Cumbria will obtain a more comprehensive insight into the data circulation within its network. This will guarantee that its clients keep enjoying dependable and top-notch broadband experiences.
With the advent of sophisticated digitization and an increasing reliance on technologies like 5G, IoT, and cloud services, both communication service providers and businesses face a surge in cyber-attacks, particularly from DDoS assaults which have become even more threatening. This particular form of attack involves overwhelming a network with illegitimate traffic, thereby hindering the regular operation of the targeted server or infrastructure. Given that these dangers are escalating in occurrence and intricacy, service and cloud providers must adopt smarter, more flexible, and robust protective measures to safeguard their systems effectively.
Nokia's cutting-edge DDoS protection solution delivers a robust, software-driven safeguard against sophisticated cyber threats. An essential component of this offering is the Deepfield Defender, which combines network information such as telemetry, DNS, and BGP with the company’s cloud-hosted dataset known as Deepfield Secure Genome. This integration allows for comprehensive oversight across over five billion IP addresses and employs machine learning algorithms to identify and flag potential security risks, particularly those stemming from hijacked IoT devices utilized in DDoS assaults.
As Fibrus undergoes swift expansion with a 50 percent uptake for their Fiber to the Home offerings and the launch of ultra-fast 2 gigabit per second options, Nokia’s Deepfield solution becomes pivotal due to its scalable nature. This adaptable platform will facilitate Fibrus' future infrastructure developments, like integrating sophisticated 25/50/100G Passive Optical Network systems, guaranteeing efficient progression of the network. Furthermore, through utilizing this system's robust network analysis capabilities, Fibrus will be able to uphold security and reliability standards even as they improve user satisfaction continually.
Could NOK Benefit from the Rollout?
As the smartphone industry has grown and high-speed fiber broadband has become commonplace, users now expect faster and higher-quality connections. Additionally, ensuring top-notch service despite rising data traffic requires ongoing network adjustments and enhancements. Nokia stands to gain from investments in both copper and fiber infrastructures for passive optical networking. The company’s proficiency in critical communication systems is widely recognized, having served over 2,600 major enterprises globally across sectors such as transport, energy, manufacturing, web services, and government.
In 2020, Nokia joined forces with Fibrus, being chosen to help deliver fast broadband services to under-serviced rural and regional parts of Northern Ireland. This collaboration has the potential to boost Nokia’s stock through additional income streams and may inspire comparable agreements with other service providers down the line. Furthermore, this contract is anticipated to reinforce Nokia’s standing as a top supplier of telecoms gear within the area.
NOK Stock's Price Performance
Over the last year, Nokia's shares have increased by 36%, outpacing the industry's growth which stands at 30.7%.
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NOK's Zacks Rank and Shares Worth Considering
Currently, Nokia has a Zacks Rank #3 (Hold).
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The article was initially published on Zacks Investment Research (Massima).