Nokia (NYSE:NOK) Stock Price Down 5.3% – What’s Next?

Nokia Corporation (NYSE:NOK) was down 5.3% on Tuesday . The stock traded as low as $12.83 and last traded at $13.1850. Approximately 103,001,569 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 65,940,313 shares. The stock had previously closed at $13.92.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia launched new agentic AI capabilities for its home and broadband platforms, including Altiplano, Corteca and Broadband Easy, which are designed to automate troubleshooting, speed up fiber rollouts, and improve network performance. Investors are viewing the rollout as a potential growth driver and a sign Nokia is expanding beyond its legacy telecom image.
• Positive Sentiment: Sentiment was also lifted after Cisco delivered strong quarterly results and upbeat guidance, boosting confidence across the networking sector and helping Nokia benefit from the sector-wide rally.
• Positive Sentiment: Jim Cramer reiterated a bullish view on Nokia, calling it “a Buy,” which may have added to retail interest and short-term momentum in the shares.
• Positive Sentiment: Media coverage highlighted that Nokia Canada could potentially double its local workforce if growth plans succeed, signaling management confidence in future business expansion.
• Neutral Sentiment: Nokia also announced a leadership change, naming Siemens executive Emma Falck to lead its Mobile Infrastructure unit starting in September. The move could support execution, but it is not an immediate earnings catalyst.
• Neutral Sentiment: Separately, Nokia secured the end of licensing lawsuits with Acer and Asus, which removes a legal overhang but is unlikely to materially change near-term fundamentals.
• Negative Sentiment: Some valuation-focused coverage warned that Nokia’s recent run-up has made the stock look stretched, suggesting upside may be more limited after the sharp move.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NOK shares. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a research note on Tuesday, April 28th. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Barclays reiterated an “underweight” rating on shares of Nokia in a research note on Wednesday, April 29th. Finally, Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a research note on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.71.

Nokia Stock Performance

The company has a market cap of $82.99 billion, a P/E ratio of 90.33, a price-to-earnings-growth ratio of 2.85 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $9.86 and a 200-day moving average price of $7.82.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The business had revenue of $5.21 billion for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%. On average, equities analysts expect that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, April 28th were given a dividend of $0.0468 per share. The ex-dividend date was Tuesday, April 28th. This represents a $0.19 dividend on an annualized basis and a yield of 1.3%. This is an increase from Nokia’s previous quarterly dividend of $0.04. Nokia’s dividend payout ratio is presently 81.25%.

Institutional Investors Weigh In On Nokia

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,721 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Nokia in the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC grew its position in shares of Nokia by 33,457.1% in the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after buying an additional 4,684 shares during the last quarter. Dorato Capital Management bought a new stake in shares of Nokia in the 4th quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Nokia in the 3rd quarter valued at about $34,000. Institutional investors 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.