Nokia Corporation (NYSE:NOK – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 86,495,412 shares, an increase of 55.8% from the September 15th total of 55,521,856 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 90,617,454 shares, the days-to-cover ratio is currently 1.0 days.
Nokia News Roundup
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: A comparison of Nokia (NOK) and Motorola Solutions (MSI) highlights Nokia as a potential value opportunity for investors seeking exposure to wireless-equipment stocks. The article may support interest in NOK, although it does not represent a new company announcement. NOK or MSI: Which Is the Better Value Stock Right Now?
- Neutral Sentiment: Nokia transferred 2.14 million treasury shares to participants in its equity-based incentive plans. Because the shares were already held by Nokia and were transferred to settle existing awards, the transaction is primarily compensation-related rather than a new capital raise. Changes in Nokia Corporation’s own shares
- Neutral Sentiment: Separate regulatory filings disclosed initial notifications for senior managers Konstanty Owczarek, Patrik Hammarén, David Heard and Pallavi Mahajan. The provided reports do not show transaction sizes or whether the managers bought or sold shares, limiting their immediate investment significance. Managers’ transactions
- Neutral Sentiment: Nokia is expected to report earnings on Thursday, making the upcoming results, guidance and commentary on demand important near-term catalysts for NOK. Nokia Expected to Announce Earnings
- Negative Sentiment: Nokia reportedly plans to divest its industrial private-wireless and edge business. The move could streamline operations and sharpen focus, but investors may initially view the sale as a reduction in Nokia’s addressable growth opportunities unless the company provides attractive terms or a clear reinvestment strategy. Nokia Divests Industrial Private Wireless and Edge Business
- Negative Sentiment: A report says Nokia is considering leaving select markets. Potential withdrawals could reduce revenue and raise concerns about the company’s geographic growth outlook, though the report is not presented as a finalized corporate announcement. Nokia Reportedly Looking to Quit Select Markets
- Neutral Sentiment: A consumer-technology article speculates about Nokia-branded phones that could return in 2027. It is opinion-driven and has little direct bearing on Nokia’s current network-equipment earnings or valuation. Four Nokia Phones We Wish Made a Comeback in 2027
Wall Street Analysts Forecast Growth
NOK has been the topic of several research reports. B. Riley Financial started coverage on shares of Nokia in a research report on Thursday, September 17th. They issued a “buy” rating and a $15.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a report on Friday, September 4th. Sanford C. Bernstein reiterated a “neutral” rating on shares of Nokia in a research note on Thursday, July 23rd. Finally, Barclays reiterated a “sell” rating on shares of Nokia in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.57.
Institutional Trading of Nokia
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gateway Wealth Partners LLC bought a new position in shares of Nokia during the 1st quarter valued at about $81,000. Waverly Advisors LLC purchased a new position in shares of Nokia during the first quarter valued at approximately $82,000. Stephens Inc. AR purchased a new position in shares of Nokia during the first quarter valued at approximately $87,000. Jackson Thornton Wealth Management LLC bought a new position in shares of Nokia during the first quarter valued at approximately $95,000. Finally, Kathmere Capital Management LLC raised its holdings in shares of Nokia by 14.0% during the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,483 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.
Nokia Trading Down 4.5%
Shares of Nokia stock opened at $9.13 on Friday. Nokia has a 12-month low of $5.45 and a 12-month high of $17.45. The company has a market cap of $52.46 billion, a price-to-earnings ratio of 65.25, a PEG ratio of 1.09 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $10.24 and its 200-day moving average price is $11.42.
Nokia (NYSE:NOK – Get Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business 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%. Nokia’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, equities analysts expect that Nokia will post 0.39 earnings per share for the current fiscal year.
Nokia Company Profile
Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.
The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.
See Also
- Five stocks we like better than Nokia
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for Nokia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia and related companies with MarketBeat.com's FREE daily email newsletter.
