Nokia (NYSE:NOK) Sees Strong Trading Volume Following Earnings Beat

Posted by Brenda Bartman on Jul 23rd, 2026

Nokia Corporation (NYSE:NOK – Get Free Report) shares saw unusually-strong trading volume on Thursday after the company announced better than expected quarterly earnings. Approximately 54,556,161 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 80,530,250 shares.The stock last traded at $9.9320 and had previously closed at $10.28.

The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.57 billion. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

Positive Sentiment: Nokia said Q2 sales rose on a constant-currency basis, with Network Infrastructure up 12% and AI & Cloud customer sales surging 105%, highlighting strong demand tied to data-center and AI spending. Nokia Corporation Report for Q2 and Half Year 2026
Positive Sentiment: The company beat quarterly EPS estimates at $0.08 versus $0.07 expected and raised its full-year profit outlook, suggesting management sees momentum continuing. Nokia Q2 profit beat on AI demand
Positive Sentiment: Management said AI and cloud order intake reached €2.8 billion in the quarter and sales in that segment more than doubled, reinforcing the bullish AI narrative around the stock. Nokia says AI, cloud boosted sales in second quarter
Neutral Sentiment: Nokia also provided recast financial information after reclassifying some businesses as discontinued operations; this is mainly an accounting presentation change and is unlikely to be a direct driver of the stock. Nokia provides recast comparative financial information reflecting the presentation of Fixed Wireless Access CPE and Enterprise Campus Edge businesses as discontinued operations
Neutral Sentiment: Separately, Nokia and NestAI unveiled AI-enabled command-and-control tools for deployable 5G defense networks, an incremental technology win but not likely a major near-term earnings driver. Nokia (HLSE:NOKIA) Delivers AI Led Defense Control For Deployable 5G Networks

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a report on Monday, April 13th. Arete Research raised Nokia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Nordea Equity Research upgraded Nokia from a “hold” rating to a “buy” rating in a report on Friday, April 24th. Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Nokia currently has an average rating of “Moderate Buy” and a consensus price target of $12.57.

View Our Latest Stock Report on NOK

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp lifted its holdings in shares of Nokia by 248.7% during the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after buying an additional 2,721 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of Nokia in the third quarter worth $29,000. FNY Investment Advisers LLC increased its position in Nokia by 33,457.1% during the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after acquiring an additional 4,684 shares during the period. Dorato Capital Management bought a new position in Nokia during the fourth quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Nokia during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Trading Down 3.7%

The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $56.87 billion, a P/E ratio of 61.90, a P/E/G ratio of 1.51 and a beta of 1.17. The business’s fifty day simple moving average is $13.56 and its two-hundred day simple moving average is $10.25.

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.