Nokia (NYSE:NOK) Shares Climb 7.2% – Time to Buy?

Nokia Corporation (NYSE:NOK – Get Free Report)’s stock price traded up 7.2% during trading on Monday. The company traded as high as $8.69 and last traded at $8.7250. 43,220,443 shares changed hands during trading, a decline of 47% from the average session volume of 80,966,500 shares. The stock had previously closed at $8.14.

Trending Headlines about Nokia

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Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia signed a five-year engineering and R&D collaboration with L&T Technology Services in India. The agreement is expected to expand Nokia’s technical capabilities and support development of AI infrastructure and next-generation telecommunications products. L&T Technology Services and Nokia Forge Engineering Collaboration
• Positive Sentiment: The India deal is being viewed as a catalyst for Nokia’s AI-networking strategy, helping explain the buying interest in the stock. The partnership could provide longer-term engineering support while strengthening Nokia’s presence in India’s technology ecosystem. Nokia Climbs on Five-Year India R&D Deal
• Positive Sentiment: Nokia and Telefónica-owned O2 completed an AI-RAN deployment at O2’s Giga Site in London Paddington. The project offers commercial validation for Nokia’s AI-enabled radio access network technology and may support future operator deployments. O2 and Nokia Complete AI RAN Deployment
• Positive Sentiment: Nokia and ICEYE are working with Ukraine on a potential sovereign satellite communications network. Although the opportunity remains exploratory, it could create future demand in defense, satellite, and resilient communications infrastructure. Nokia and ICEYE Partner With Ukraine
• Neutral Sentiment: Northland Securities raised its earnings estimates for Nokia, providing a modest supportive signal, though the update does not represent a new contract or change in company guidance. Northland Raises Nokia Earnings Estimates
• Negative Sentiment: JPMorgan and Rosenblatt Securities both lowered their expectations or price targets for Nokia. These revisions may limit enthusiasm and highlight continuing valuation or execution concerns despite the positive AI-RAN developments. JPMorgan Lowers Nokia Expectations Rosenblatt Cuts Nokia Price Target

Analysts Set New Price Targets

NOK has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nokia in a research note on Tuesday, September 29th. Danske raised Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Sanford C. Bernstein restated a “neutral” rating on shares of Nokia in a report on Thursday, July 23rd. B. Riley Financial started coverage on Nokia in a research report on Thursday, September 17th. They issued a “buy” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Nokia from $21.00 to $20.50 and set an “overweight” rating on the stock in a research note on Friday. Sixteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Nokia presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.41.

• The New Nokia: A Bullish Upgrade Ignites This Big AI Bet

Get Our Latest Research Report on Nokia

Nokia Stock Performance

The stock has a market capitalization of $49.95 billion, a PE ratio of 54.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The stock has a fifty day moving average of $10.10 and a 200-day moving average of $11.45. The company has a quick ratio of 1.19, a current ratio of 1.47 and a debt-to-equity ratio of 0.09.

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Nokia (NYSE:NOK – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Nokia had a return on equity of 10.48% and a net margin of 3.80%. Nokia’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. Equities analysts anticipate that Nokia Corporation will post 0.40 earnings per share for the current fiscal year.

Institutional Trading of Nokia

Hedge funds have recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC acquired a new position in Nokia during the 1st quarter worth approximately $81,000. Waverly Advisors LLC acquired a new stake in shares of Nokia in the 1st quarter valued at $82,000. Stephens Inc. AR purchased a new stake in shares of Nokia during the 1st quarter worth $87,000. Jackson Thornton Wealth Management LLC purchased a new stake in shares of Nokia during the 1st quarter worth $95,000. Finally, Kathmere Capital Management LLC grew its stake 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 worth $97,000 after purchasing an additional 1,483 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

About Nokia

(Get Free Report)

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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