Nokia (NYSE:NOK) Trading 2.6% Higher – Here’s What Happened

Shares of Nokia Corporation (NYSE:NOK) rose 2.6% during mid-day trading on Thursday . The stock traded as high as $10.91 and last traded at $10.5850. Approximately 111,574,296 shares were traded during mid-day trading, an increase of 36% from the average session volume of 81,899,711 shares. The stock had previously closed at $10.32.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia’s AI and cloud business remains the primary growth catalyst. Second-quarter revenue increased about 8% year over year, while AI and Cloud net sales surged 105%, supporting the company’s 2026 operating outlook and helping sustain the stock’s strong long-term performance. Why Nokia Is Still a Buy After Q2 Earnings Report and Stock Pullback
• Positive Sentiment: Investors are also watching planned AI-RAN and 6G trials involving Nvidia and T-Mobile. Successful real-world deployments could validate Nokia’s role in AI-enabled telecom infrastructure and create additional demand opportunities. What the Coming 6G Trials With Nvidia and T-Mobile Could Mean for Nokia Investors
• Positive Sentiment: Nokia’s relative strength compared with other optics and networking stocks suggests investors continue to favor its exposure to AI-driven communications infrastructure. Optics Stocks Divide: Coherent and Cisco Drop After Earnings While Nokia and Ciena Soar
• Neutral Sentiment: Analysts see a mixed valuation picture: a discounted-cash-flow model indicates potential upside, but conventional valuation multiples suggest the stock may already be expensive after its roughly 200% three-year return. Nokia Stock Seems Undervalued During Its Three-Year Run
• Neutral Sentiment: A comparison with Verizon highlights Nokia’s higher-growth AI and infrastructure exposure, but also underscores that the two telecom investments carry different risk and income profiles. Verizon vs. Nokia
• Negative Sentiment: Despite strong earnings growth, Nokia generated negative free cash flow in the second quarter and its net cash position declined. The recovery therefore depends on sustained AI-related orders and strong execution, while lumpy order timing could increase volatility. Nokia Rebound After the Purge

Wall Street Analyst Weigh In

NOK has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a research note on Tuesday, June 9th. Arete Research raised shares of Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Barclays reiterated an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Nokia has an average rating of “Moderate Buy” and an average price target of $12.57.

Nokia Stock Performance

The company has a market capitalization of $61.93 billion, a P/E ratio of 77.04, a P/E/G ratio of 1.25 and a beta of 1.19. The business has a 50-day moving average of $11.64 and a 200-day moving average of $10.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.50 and a quick ratio of 1.22.

Nokia (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, sell-side analysts anticipate that Nokia Corporation will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fifth Third Bancorp raised its holdings in shares of Nokia by 248.7% in the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after buying an additional 2,721 shares during the period. Wexford Capital LP purchased a new stake in Nokia in the third quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Nokia during the third quarter worth $34,000. Smithfield Trust Co purchased a new stake in shares of Nokia during the fourth quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Nokia by 86.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,994 shares of the technology company’s stock worth $39,000 after purchasing an additional 2,773 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

About Nokia

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.