Nokia Corporation (NYSE:NOK – Get Free Report)’s stock price shot up 2.1% on Friday . The company traded as high as $10.84 and last traded at $10.7850. Approximately 68,178,054 shares were traded during trading, a decline of 17% from the average session volume of 81,750,781 shares. The stock had previously closed at $10.56.
More Nokia News
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia’s AI and cloud business remains the primary growth catalyst. Second-quarter revenue increased about 8% year over year, while AI and Cloud net sales surged 105%, supporting the company’s 2026 operating outlook and helping sustain the stock’s strong long-term performance. Why Nokia Is Still a Buy After Q2 Earnings Report and Stock Pullback
- Positive Sentiment: Investors are also watching planned AI-RAN and 6G trials involving Nvidia and T-Mobile. Successful real-world deployments could validate Nokia’s role in AI-enabled telecom infrastructure and create additional demand opportunities. What the Coming 6G Trials With Nvidia and T-Mobile Could Mean for Nokia Investors
- Positive Sentiment: Nokia’s relative strength compared with other optics and networking stocks suggests investors continue to favor its exposure to AI-driven communications infrastructure. Optics Stocks Divide: Coherent and Cisco Drop After Earnings While Nokia and Ciena Soar
- Neutral Sentiment: Analysts see a mixed valuation picture: a discounted-cash-flow model indicates potential upside, but conventional valuation multiples suggest the stock may already be expensive after its roughly 200% three-year return. Nokia Stock Seems Undervalued During Its Three-Year Run
- Neutral Sentiment: A comparison with Verizon highlights Nokia’s higher-growth AI and infrastructure exposure, but also underscores that the two telecom investments carry different risk and income profiles. Verizon vs. Nokia
- Negative Sentiment: Despite strong earnings growth, Nokia generated negative free cash flow in the second quarter and its net cash position declined. The recovery therefore depends on sustained AI-related orders and strong execution, while lumpy order timing could increase volatility. Nokia Rebound After the Purge
Analysts Set New Price Targets
NOK has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a research report on Tuesday, June 9th. Argus raised shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Danske raised shares of Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.57.
Nokia Price Performance
The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. The stock has a market cap of $61.93 billion, a P/E ratio of 77.04, a price-to-earnings-growth ratio of 1.27 and a beta of 1.19. The business’s 50-day simple moving average is $11.64 and its two-hundred day simple moving average is $10.58.
Nokia (NYSE:NOK – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Sell-side analysts expect that Nokia Corporation will post 0.39 EPS for the current year.
Institutional Investors Weigh In On Nokia
Several institutional investors have recently made changes to their positions in NOK. Fifth Third Bancorp boosted its holdings in shares of Nokia by 248.7% in the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,721 shares during the period. Wexford Capital LP bought a new stake in shares of Nokia during the 3rd quarter valued at $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Nokia during the 3rd quarter worth about $34,000. Smithfield Trust Co purchased a new stake in Nokia during the 4th quarter worth about $35,000. Finally, CIBC Private Wealth Group LLC boosted its stake in Nokia by 86.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,994 shares of the technology company’s stock worth $39,000 after purchasing an additional 2,773 shares during the period. Hedge funds and other institutional investors own 5.28% of the company’s stock.
Nokia Company Profile
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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