Nokia Corporation (NYSE:NOK – Get Free Report)’s stock price fell 4.9% during trading on Tuesday . The company traded as low as $13.22 and last traded at $13.72. Approximately 84,112,899 shares were traded during trading, an increase of 6% from the average daily volume of 79,485,227 shares. The stock had previously closed at $14.43.
Key Stories Impacting Nokia
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia and Google Cloud expanded their partnership to integrate Gemini AI models into Nokia’s network software suite, creating specialized AI agents designed to reduce telecom operators’ costs and move networks toward fully automated operations. Nokia and Google Cloud Partner to Embed AI Agents, Built with Google’s Gemini Models, Into Nokia’s Autonomous Network Product Suite
- Positive Sentiment: Nokia also unveiled upgraded autonomous networks capabilities, including a new AI agent library, enhancements to its Autonomous Networks Suite, and broader automation tools across radio access, IP, fixed broadband, and optical networks. Nokia advances autonomous networks portfolio with upgraded agentic AI capabilities #DTW26
- Positive Sentiment: Google Cloud’s broader telecom push with Nokia could improve Nokia’s positioning in network automation and AI-driven operations, potentially supporting future software revenue growth. Google Cloud ups telecom game with Nokia AI agent infusion
- Neutral Sentiment: Some market commentary suggests Nokia may be overvalued after a sharp multi-month rally, which could be pressuring the shares despite the positive AI announcements. Nokia (HLSE:NOKIA) Stock Price Looks Full After 173% Year Gain
- Neutral Sentiment: One article also cited Nokia as potentially overvalued in a short-seller-focused screening list, though this appears to be more of a valuation debate than a direct operating issue. Nokia Oyj (NOK): 10 Most Overvalued Quantum Computing Stocks According to Short Sellers
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on NOK. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, April 27th. Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research report on Monday, April 13th. Finally, Danske cut shares of Nokia from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.57.
Nokia Stock Performance
The company has a market capitalization of $78.78 billion, a price-to-earnings ratio of 85.76, a P/E/G ratio of 2.62 and a beta of 1.15. The stock’s 50 day moving average price is $13.31 and its 200 day moving average price is $9.37. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11.
Nokia (NYSE:NOK – Get Free Report) last released its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The business had revenue of $5.21 billion for the quarter. Analysts expect that Nokia Corporation will post 0.4 earnings per share for the current year.
Institutional Investors Weigh In On Nokia
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Militia Capital Management LLC acquired a new stake in shares of Nokia in the 1st quarter valued at approximately $2,412,000. DV Trading LLC bought a new stake in Nokia during the first quarter worth $111,000. Parallel Advisors LLC raised its position in Nokia by 40.1% during the first quarter. Parallel Advisors LLC now owns 43,189 shares of the technology company’s stock worth $347,000 after acquiring an additional 12,364 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Nokia by 352.8% in the first quarter. NewEdge Advisors LLC now owns 14,788 shares of the technology company’s stock valued at $119,000 after acquiring an additional 11,522 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in Nokia in the first quarter valued at $2,106,000. Institutional investors own 5.28% of the company’s stock.
About Nokia
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.
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