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NYSE:NOK

Nokia Oyj (NOK) Stock Price, News & Analysis

$4.18
0.00 (0.00%)
(As of 08/26/2024 ET)
Today's Range
$4.16
$4.19
50-Day Range
$3.63
$4.18
52-Week Range
$2.94
$4.20
Volume
5.99 million shs
Average Volume
13.99 million shs
Market Capitalization
$23.06 billion
P/E Ratio
26.09
Dividend Yield
1.92%
Price Target
$3.89

Nokia Oyj MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.9% Downside
$3.89 Price Target
Short Interest
Healthy
0.44% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.32mentions of Nokia Oyj in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.41%
From $0.37 to $0.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.58 out of 5 stars

Computer And Technology Sector

547th out of 586 stocks

Radio & T.V. Communications Equipment Industry

15th out of 16 stocks

NOK stock logo

About Nokia Oyj Stock (NYSE:NOK)

Nokia Oyj is a multinational technology company headquartered in Espoo, Finland. The company provides networking equipment, technology licensing, and services to communications service providers, enterprises, and governments. Founded in 1865 as a pulp mill, Nokia has become a significant player in the telecommunications industry. The company operates in over 100 countries and employs approximately 90,000 people worldwide.

Nokia is a well-established brand with a rich history. In the 1990s, Nokia was the world's largest mobile phone manufacturer and had a dominant market share. However, the company faced increasing competition from other players in the market and by the mid-2000s, Nokia's market share had declined significantly. In recent years, Nokia has focused on the telecommunications industry, specifically developing 5G technology.

A diverse and experienced management team leads Nokia. The Chief Executive Officer is Pekka Lundmark, who took over the position in August 2020. Lundmark worked at Nokia from 1990 to 2000 and has experience in various technology companies. Other key leadership team members include Marco Wiren, the Chief Financial Officer, and Mishant Batra, the Chief Strategy Officer.

Nokia has reported relatively stable financial performance over the past few years. The company reports revenue between $20 and $25 billion in the past several years. However, Nokia's operating profit margin has improved significantly over the past few years, jumping from 3.4% to 9.7%. The company's debt levels have also been relatively stable, with enough assets to cover all liabilities. Nokia's valuation metrics are generally in line with its industry peers. The company has a price-to-earnings ratio and a price-to-book ratio in line with industry peers. In terms of market performance, Nokia's stock has had some ups and downs over the past few years. In early 2021, the stock saw an increase in price due to investor optimism surrounding the company's 5G technology. However, the stock has since experienced some volatility, with fluctuations in trading volume.

Nokia operates in the highly competitive telecommunications industry, which is constantly evolving. Rapid technological advancements, increasing demand for connectivity, and the emergence of new competitors characterize the industry. Some of Nokia's key competitors include Ericsson, Huawei, and Samsung.

One major trend in the industry is the rollout of 5G technology, which is expected to transform how people and businesses connect. Nokia has positioned itself as a leader in 5G technology, with its products and services used by major telecommunications companies worldwide. However, regulatory and political issues, such as the ongoing trade tensions between the United States and China, may impact the industry's growth.

Despite the challenges, Nokia has several potential growth opportunities. The company is investing in developing 5G technology, which is expected to drive demand for its products and services. Nokia has also expanded its offerings to include software and services, which can help to diversify its revenue streams. The company is also exploring new markets, such as the Internet of Things (IoT) and smart cities.

In 2021, Nokia signed a deal with the UK government to provide equipment and services for the country's 5G network. The deal is worth over $1 billion and highlights Nokia's leadership in the 5G space. In recent years, Nokia has made several acquisitions to expand its capabilities in areas such as cloud-based networking and IoT. In 2020, Nokia acquired Elenion Technologies, a company specializing in silicon photonics technology, which could help to improve the performance of Nokia's networking equipment.

However, there are also potential risks and challenges facing Nokia. One major challenge is the competition in the telecommunications industry, which could impact the company's market share and pricing power. Changes in consumer preferences and demand could also affect Nokia's sales and profitability. There are also regulatory risks, such as changes in data privacy laws and security regulations, which could impact the company's operations.

NOK Stock Price History

NOK Stock News Headlines

Nokia selected by Claro Argentina for 5G network deployment
Nokia Oyj (0K8D.IL)
Wall St. Icon: Looming Financial Tsunami will Wipe Out the 1%
Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."
Wall St. Icon: Looming Financial Tsunami will Wipe Out the 1%
Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."
Nokia and HOMEPLUS bring 25G PON services to Taiwan
See More Headlines
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Company Calendar

Last Earnings
7/18/2024
Ex-Dividend for 8/6 Dividend
7/23/2024
Dividend Payable
8/06/2024
Today
8/26/2024
Next Earnings (Estimated)
10/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Electronic Equipment
Employees
87,900
Year Founded
1865

Price Target and Rating

Average Stock Price Target
$3.89
High Stock Price Target
$4.26
Low Stock Price Target
$3.40
Potential Upside/Downside
-6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$719.73 million
Pretax Margin
8.09%

Debt

Sales & Book Value

Annual Sales
$20.16 billion
Cash Flow
$0.55 per share
Book Value
$4.10 per share

Miscellaneous

Outstanding Shares
5,522,844,000
Free Float
5,522,844,000
Market Cap
$23.06 billion
Optionable
Optionable
Beta
1.12

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Key Executives

  • Mr. Pekka Ilmari Lundmark M.Sc.(Eng.) (Age 61)
    President & CEO
    Comp: $2.68M
  • Mr. Marco Wiren M.Sc. (Econ.) (Age 58)
    Chief Financial Officer
  • Mr. Stephan Prosi
    Vice President of Corporate Controlling & Accounting
  • Mr. Nishant Batra (Age 46)
    Chief Strategy & Technology Officer
  • Mr. David Terence Mulholland C.F.A.
    Head of Investor Relations
  • Mr. Esa Niinimaki (Age 48)
    Chief Legal Officer, Corporate & Secretary to the Board
  • Kaisa Antikainen
    Communications Manager
  • Lorna Gibb
    VP of Labor & Employment and Interim Chief People Officer
  • Ms. Maria Rosaria Varsellona J.D. (Age 54)
    L.L.B., Executive Officer
  • Ms. Lise Karstensen
    Head of Nordic&Baltic, Global Enterprise & Public Sector and Country Director of Denmark

Should I Buy Nokia Oyj Stock? NOK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Nokia Oyj:

  • Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide, offering a diverse range of services to customers.
  • The company operates through four segments, including Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies, showcasing a well-rounded business model.
  • Nokia Oyj offers fixed networking solutions such as fiber and copper-based access, catering to the growing demand for reliable connectivity.
  • The company's focus on innovation and technology development ensures that it stays competitive in the rapidly evolving telecommunications industry.
  • With recent updates in the market, Nokia Oyj's stock price has shown positive momentum, making it an attractive investment opportunity.

Cons

Investors should be bearish about investing in Nokia Oyj for these reasons:

  • Despite its strengths, Nokia Oyj faces stiff competition in the telecommunications sector, which could impact its market share and profitability.
  • The company's performance is subject to market fluctuations and regulatory changes, posing risks to investors.
  • While Nokia Oyj has a diverse product portfolio, it may struggle to differentiate itself from competitors in a crowded market.
  • Investing in Nokia Oyj requires a thorough understanding of the telecommunications industry and its dynamics, which may be challenging for some investors.
  • Although recent developments have been positive, investors should carefully assess the risks and rewards associated with investing in Nokia Oyj before making a decision.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 19, 2024. Please send any questions or comments about these Nokia Oyj pros and cons to contact@marketbeat.com.

NOK Stock Analysis - Frequently Asked Questions

How have NOK shares performed this year?

Nokia Oyj's stock was trading at $3.42 at the start of the year. Since then, NOK stock has increased by 22.1% and is now trading at $4.1750.
View the best growth stocks for 2024 here
.

How were Nokia Oyj's earnings last quarter?

Nokia Oyj (NYSE:NOK) issued its earnings results on Thursday, July, 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The technology company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $5.12 billion. Nokia Oyj had a trailing twelve-month return on equity of 7.98% and a net margin of 1.95%.

What is Pekka Lundmark's approval rating as Nokia Oyj's CEO?

338 employees have rated Nokia Oyj Chief Executive Officer Pekka Lundmark on Glassdoor.com. Pekka Lundmark has an approval rating of 93% among the company's employees. This puts Pekka Lundmark in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Nokia Oyj have any subsidiaries?

The following companies are subsidiaries of Nokia Oyj: Elenion Technologies, Space Time Insight, Unium, Comptel, DeepField, Withings, Nakina Systems, and more.

Who are Nokia Oyj's major shareholders?

Nokia Oyj's top institutional investors include Pzena Investment Management LLC (1.49%), Dimensional Fund Advisors LP (0.15%), Renaissance Technologies LLC (0.05%) and Sei Investments Co. (0.05%).

How do I buy shares of Nokia Oyj?

Shares of NOK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nokia Oyj own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nokia Oyj investors own include Telefonaktiebolaget LM Ericsson (publ) (ERIC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), AT&T (T), QUALCOMM (QCOM) and Cisco Systems (CSCO).

This page (NYSE:NOK) was last updated on 8/27/2024 by MarketBeat.com Staff

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