Nokia (NYSE:NOK) Shares Gap Up – Still a Buy?

Shares of Nokia Corporation (NYSE:NOK) gapped up prior to trading on Thursday . The stock had previously closed at $9.86, but opened at $10.78. Nokia shares last traded at $10.2450, with a volume of 52,159,998 shares traded.

Trending Headlines about Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Q1 earnings beat and margin strength: Nokia reported $0.06 EPS vs. $0.04 consensus, comparable operating profit jumped 54% to €281M and revenue showed year‑over‑year growth — a clear beat that underpins the rally. MarketBeat Q1 EPS and call
• Positive Sentiment: AI & cloud demand driving revenues: Nokia said net sales from AI & cloud customers rose ~49%, Optical Networks grew strongly (20%), and network infrastructure sales are now expected to grow ~12–14% this year, up from prior 6–8% — a material re‑rating catalyst. Interim Report Q1 2026
• Positive Sentiment: Strong orders and investor reaction: Nokia booked ~€1B of orders in the quarter; shares hit multi‑year highs and broker Northland lifted its PT to $13 citing accelerating AI optical connectivity demand. Reuters: Orders and beat Northland PT lift
• Neutral Sentiment: High retail/options activity — unusual call‑volume indicates speculative bullish interest but also higher volatility risk. Options activity
• Neutral Sentiment: CEO warning on Europe’s AI infrastructure: Nokia’s CEO said Europe risks falling behind the US and China on AI data‑centre build‑out — a sectoral headwind that could shift demand dynamics regionally. Reuters: CEO comments
• Negative Sentiment: Q2 guidance mixed: Nokia updated Q2 2026 revenue guidance to $5.5B–$5.7B versus a $5.7B consensus; EPS guidance was not provided in the entry, which may temper investor enthusiasm and leave room for downside if execution slips.
• Negative Sentiment: Minor share transfer/dilution: Nokia transferred ~121k shares to settle equity‑based incentive plan awards — small dilution but worth noting amid heightened share price sensitivity. Share transfers release

Analyst Ratings Changes

Several analysts have recently commented on the company. Arete Research downgraded Nokia from a “buy” rating to a “neutral” rating in a research note on Friday, March 13th. Northland Securities set a $13.00 target price on Nokia in a research note on Monday. Argus upgraded Nokia to a “hold” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Finally, Citigroup restated a “sell” rating on shares of Nokia in a research note on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nokia currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.83.

Nokia Price Performance

The firm has a market cap of $59.81 billion, a price-to-earnings ratio of 80.04, a P/E/G ratio of 1.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58. The business has a 50 day simple moving average of $8.44 and a 200-day simple moving average of $7.11.

Nokia (NYSE:NOK) last released its quarterly earnings results on Thursday, March 5th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $7.19 billion during the quarter. Nokia had a return on equity of 8.54% and a net margin of 3.41%. Equities research analysts expect that Nokia Corporation will post 0.4 earnings per share for the current year.

Hedge Funds Weigh In On Nokia

Hedge funds have recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. acquired a new position in Nokia during the 3rd quarter valued at about $4,595,000. Penserra Capital Management LLC boosted its stake in Nokia by 38.0% during the 3rd quarter. Penserra Capital Management LLC now owns 7,760,500 shares of the technology company’s stock valued at $37,328,000 after purchasing an additional 2,136,545 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in Nokia during the 3rd quarter valued at about $11,910,000. Thrivent Financial for Lutherans boosted its stake in Nokia by 35,010.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 12,655,143 shares of the technology company’s stock valued at $60,871,000 after purchasing an additional 12,619,099 shares during the last quarter. Finally, TSP Capital Management Group LLC boosted its stake in Nokia by 8.8% during the 3rd quarter. TSP Capital Management Group LLC now owns 2,473,592 shares of the technology company’s stock valued at $11,898,000 after purchasing an additional 200,400 shares during the last quarter. Institutional investors and hedge funds 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.