Nokia Corporation (NYSE:NOK – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $9.25, but opened at $8.57. Nokia shares last traded at $8.5270, with a volume of 32,887,669 shares traded.
Key Headlines Impacting Nokia
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia reported third-quarter adjusted earnings of approximately $0.10 per share, above the $0.08 consensus estimate, while revenue reached $5.84 billion versus expectations of $5.72 billion. Revenue increased roughly 10% year over year, and comparable operating profit rose 35%. Nokia third-quarter profit beats expectations
- Positive Sentiment: AI and cloud demand is accelerating Nokia’s Network Infrastructure business: sales rose 15% on a constant-currency basis, including 43% growth in IP Networks and 18% growth in Optical Networks. Sales to AI and cloud customers increased 123%, while order intake rose 118%. Nokia Corporation Interim Report for Q3 2026
- Positive Sentiment: Partnerships with NVIDIA, Supermicro, T-Mobile and other operators are positioning Nokia to benefit from AI-RAN, data-center networking, edge computing and high-capacity fiber deployments. T-Mobile also reported an AI-RAN call using Nokia and NVIDIA technology. T-Mobile claims world first AI-RAN call with Nokia and Nvidia
- Neutral Sentiment: Management said growth should continue but maintained its existing full-year financial outlook, offering no additional upward revision after the earnings beat. Nokia Q3 profit rises on AI-driven network demand
- Negative Sentiment: The market is selling the stock because the strong results were not accompanied by higher guidance, while investors are concerned that costs are mounting as Nokia expands its AI-related capabilities. Nokia thrives in AI boom, but its costs are mounting
- Negative Sentiment: After a substantial multi-year rally tied to the AI opportunity, valuation and cash-flow expectations have become more demanding. Investors may be taking profits and reassessing whether future growth justifies the price. Can Nokia Oyj Sustain a Cash Flow Discount After Its 194% Run?
Analyst Upgrades and Downgrades
NOK has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a research report on Friday, September 4th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nokia in a report on Tuesday, August 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Nokia in a report on Tuesday, September 29th. Danske raised Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, Barclays restated a “sell” rating on shares of Nokia in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.57.
Read Our Latest Research Report on NOK
Nokia Price Performance
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 has a market cap of $47.31 billion, a PE ratio of 58.89, a P/E/G ratio of 1.08 and a beta of 1.19. The firm has a 50 day moving average of $10.21 and a two-hundred day moving average of $11.46.
Nokia (NYSE:NOK – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Nokia had a return on equity of 9.83% and a net margin of 3.49%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Research analysts predict that Nokia Corporation will post 0.39 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nokia
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vest Financial LLC lifted its stake in Nokia by 18.0% during the 3rd quarter. Vest Financial LLC now owns 262,337 shares of the technology company’s stock valued at $2,660,000 after acquiring an additional 40,045 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Nokia during the third quarter valued at $112,000. Quadrant Capital Group LLC increased its position in Nokia by 1.6% during the third quarter. Quadrant Capital Group LLC now owns 139,945 shares of the technology company’s stock valued at $1,380,000 after acquiring an additional 2,144 shares during the last quarter. Capstone Capital Management Ltd increased its position in Nokia by 50.3% during the third quarter. Capstone Capital Management Ltd now owns 173,357 shares of the technology company’s stock valued at $1,758,000 after acquiring an additional 57,990 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in Nokia by 6.9% in the third quarter. Diversify Advisory Services LLC now owns 263,356 shares of the technology company’s stock valued at $2,520,000 after acquiring an additional 16,970 shares during the period. 5.28% of the stock is currently owned by institutional investors.
About Nokia
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.
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