Nokia (NYSE:NOK) Trading 4.1% Higher – Should You Buy?

Posted by Francis Steltz on May 21st, 2026

Nokia Corporation (NYSE:NOK – Get Free Report)’s stock price was up 4.1% during mid-day trading on Thursday . The stock traded as high as $14.22 and last traded at $14.1760. Approximately 62,825,336 shares changed hands during trading, a decline of 8% from the average daily volume of 68,565,273 shares. The stock had previously closed at $13.62.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

Positive Sentiment: Nokia launched a new AI Networking Innovation Lab in Sunnyvale to co-develop and validate networking architectures for AI-native data centers, positioning the company to capture demand from hyperscalers and enterprise AI buildouts. Article Title
Positive Sentiment: Multiple reports highlighted Nokia’s strategy to target the AI infrastructure market, suggesting growing investor confidence that AI networking could become a meaningful new growth driver. Article Title
Positive Sentiment: Vodafone said it is pairing with Nokia to trial IoT applications over AWS cloud, another signal that Nokia’s networking products remain relevant in cloud and connected-device deployments. Article Title
Positive Sentiment: Several market commentary pieces pointed to strong momentum in Nokia shares and cited ongoing enthusiasm around Nvidia-related AI networking exposure, which can attract momentum investors. Article Title
Neutral Sentiment: Unusual call-option buying and recent bullish trading activity suggest speculation is also adding support to the stock, though this is more of a sentiment indicator than a fundamental change. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NOK shares. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Santander raised Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Citigroup reissued a “sell” rating on shares of Nokia in a report on Friday, January 23rd. Northland Securities set a $13.00 price objective on Nokia in a report on Monday, April 20th. Finally, The Goldman Sachs Group raised Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Nokia presently has an average rating of “Moderate Buy” and a consensus price target of $9.71.

Read Our Latest Report on Nokia

Nokia Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36. The stock’s 50 day moving average is $10.33 and its two-hundred day moving average is $8.01. The firm has a market cap of $81.40 billion, a P/E ratio of 88.61, a PEG ratio of 2.65 and a beta of 1.12.

Nokia (NYSE:NOK – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The company had revenue of $5.21 billion for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%. As a group, equities analysts predict that Nokia Corporation will post 0.4 EPS for the current year.

Nokia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 28th were given a dividend of $0.0468 per share. This is a boost from Nokia’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, April 28th. This represents a $0.19 annualized dividend and a dividend yield of 1.3%. Nokia’s dividend payout ratio is 81.25%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NOK. Fifth Third Bancorp grew its holdings in shares of Nokia by 248.7% in the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after purchasing an additional 2,721 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Nokia in the 3rd quarter worth about $29,000. FNY Investment Advisers LLC grew its holdings in shares of Nokia by 33,457.1% in the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after purchasing an additional 4,684 shares during the last quarter. Dorato Capital Management acquired a new position in Nokia in the fourth quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Nokia in the third quarter valued at about $34,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

About Nokia

(Get Free Report)

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.