Nokia (NYSE:NOK) Trading Up 1.1% – Here’s What Happened

Nokia Corporation (NYSE:NOK) shares traded up 1.1% on Thursday . The company traded as high as $14.16 and last traded at $13.96. Approximately 75,599,259 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 79,593,602 shares. The stock had previously closed at $13.81.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia announced a partnership with Google Cloud to integrate Gemini AI into its network software, aiming to improve automation for telecom operators, cloud providers, and data center customers. This supports the case that Nokia’s software and networking business could benefit from AI demand. Nokia (NYSE:NOK) Taps Google Cloud Gemini To Recast Its Network Software Future
• Positive Sentiment: Nokia said its Defense unit will join a Finnish Border Guard consortium to develop counter-drone capabilities, highlighting a new public-safety and critical-infrastructure use case for its connectivity products. Nokia to provide intelligent connectivity for Finnish Border Guard counter-drone initiative nationwide
• Positive Sentiment: Additional coverage says Nokia is expanding ties with AWS, Google Cloud, and Databricks to build AI-driven autonomous telecom networks, which could strengthen its position in the next generation of network infrastructure. Nokia (HLSE:NOKIA) Expands AWS Google Cloud And Databricks Ties For AI Networks
• Neutral Sentiment: One article framed Nokia as a possible comeback story alongside other former tech leaders, but this was mostly commentary rather than a new business catalyst. BlackBerry, IBM, and Nokia Are All Trying to Come Back. History Says Only One Survives
• Neutral Sentiment: Other reports about Nokia becoming an AI infrastructure play or being mentioned by a social-media “stock tracker” after Trump praised U.S. investment plans may have added sentiment support, but they do not appear to change fundamentals on their own. Nancy Pelosi Stock Tracker Flags Eli Lilly, Nokia After Trump Praise: ‘Keep An Eye On These Two’
• Neutral Sentiment: A separate report said Nokia is seeking a product lead for its data center switching strategy, which signals ongoing investment but is not likely to move the stock immediately. Nokia seeks product lead to spearhead data center switching strategy

Analyst Ratings Changes

A number of research analysts recently issued reports on NOK shares. Wall Street Zen lowered Nokia from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a research report on Tuesday, June 9th. Northland Securities set a $20.00 target price on shares of Nokia in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a research note on Friday, May 15th. Finally, Arete Research upgraded shares of Nokia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.57.

Nokia Stock Down 7.2%

The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $74.51 billion, a PE ratio of 81.11, a price-to-earnings-growth ratio of 2.72 and a beta of 1.15. The business’s 50 day simple moving average is $13.60 and its 200 day simple moving average is $9.55.

Nokia (NYSE:NOK) last released its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $5.21 billion for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.05%. As a group, analysts forecast that Nokia Corporation will post 0.4 EPS for the current year.

Institutional Trading of Nokia

Several hedge funds and other institutional investors have recently modified their holdings of the business. Militia Capital Management LLC purchased a new position in Nokia during the 1st quarter valued at about $2,412,000. DV Trading LLC purchased a new stake in shares of Nokia in the first quarter worth approximately $111,000. Parallel Advisors LLC boosted its holdings in shares of Nokia by 40.1% during the first quarter. Parallel Advisors LLC now owns 43,189 shares of the technology company’s stock worth $347,000 after purchasing an additional 12,364 shares during the period. NewEdge Advisors LLC lifted its position in Nokia by 352.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,788 shares of the technology company’s stock worth $119,000 after buying an additional 11,522 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Nokia during the 1st quarter valued at $2,106,000. 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.