Nokia (NYSE:NOK) Research Coverage Started at B. Riley Financial

B. Riley Financial assumed coverage on shares of Nokia (NYSE:NOK) in a research report released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $15.00 target price on the technology company’s stock.

NOK has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on Nokia from $14.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Rosenblatt Securities started coverage on shares of Nokia in a report on Tuesday, September 15th. They set a “buy” rating and a $15.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a research note on Friday, September 4th. Northland Securities set a $20.00 price objective on shares of Nokia in a report on Wednesday, June 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Nokia has a consensus rating of “Moderate Buy” and an average price target of $14.12.

Nokia Trading Up 0.8%

Shares of NYSE:NOK opened at $10.69 on Thursday. The firm has a market capitalization of $61.38 billion, a P/E ratio of 76.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. Nokia has a 12-month low of $4.63 and a 12-month high of $17.45. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $10.09 and a two-hundred day moving average of $11.13.

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

Institutional Investors Weigh In On Nokia

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in Nokia by 15.0% in the second quarter. Sequoia Financial Advisors LLC now owns 112,046 shares of the technology company’s stock valued at $1,488,000 after acquiring an additional 14,657 shares during the last quarter. Tidal Investments LLC raised its position in shares of Nokia by 47.2% during the 2nd quarter. Tidal Investments LLC now owns 177,142 shares of the technology company’s stock valued at $2,352,000 after acquiring an additional 56,807 shares during the last quarter. Bienville Capital Management LLC acquired a new position in shares of Nokia in the 2nd quarter valued at $1,754,000. Engineers Gate Manager LP lifted its stake in shares of Nokia by 19.2% in the 2nd quarter. Engineers Gate Manager LP now owns 1,864,080 shares of the technology company’s stock valued at $24,755,000 after purchasing an additional 300,807 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Nokia by 155.7% in the 2nd quarter. NewEdge Advisors LLC now owns 37,812 shares of the technology company’s stock worth $502,000 after purchasing an additional 23,024 shares during the last quarter. 5.28% of the stock is owned by institutional investors.

Trending Headlines about Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Expanded Microsoft AI partnership: Nokia and Microsoft are combining Nokia’s Data Suite with Microsoft Fabric to give telecom operators faster access to network data and enable AI-driven, agent-based network automation across multivendor systems. Investors view the agreement as a way for Nokia to participate in telecom AI spending while potentially generating higher-value software and services revenue. Nokia stock jumps as Microsoft AI data partnership expands
• Positive Sentiment: Optical-networking demand is strengthening: Nokia is positioning its optical business for AI infrastructure and data-center buildouts. Telxius selected Nokia’s 800G optical technology to increase subsea-network capacity, while recent commentary points to rising AI-related orders and expanding production capacity. These developments support expectations for growth in Nokia’s networking businesses. Telxius taps Nokia’s 800G optics to boost subsea network capacity
• Positive Sentiment: Analyst and media endorsements add momentum: B. Riley initiated coverage with a Buy rating and a $15 price target, implying substantial upside from the cited share price. Television host Jim Cramer also said he would buy Nokia, highlighting its NVIDIA and Google relationships, networking exposure and AI-defense opportunities. These opinions may improve sentiment, although they are not substitutes for stronger earnings. Jim Cramer Says He Would Be a Buyer Right Here, Right Now of Nokia
• Neutral Sentiment: AI-RAN and operator trials: Nokia continues advancing AI-RAN adoption through trials with global operators. The initiatives could create longer-term growth opportunities, but commercial revenue timing and the ultimate scale of adoption remain uncertain. Nokia Advances AI-RAN Adoption Across Global Operator Trials
• Negative Sentiment: China remains a structural headwind: Nokia’s chief executive said China effectively closed its telecom market to Western suppliers years ago. Limited access to China reduces Nokia’s addressable market and leaves it exposed to geopolitical and competitive pressures elsewhere. Nokia CEO: China closed its doors to Western telecoms years ago

Nokia Company Profile

Nokia Corporation is a Finland-based technology company that provides communications and networking equipment, software, and related services to telecommunications operators, enterprises, governments, and other organizations worldwide. Its offerings support the design, deployment, management, and modernization of fixed and mobile communications networks.

The company’s business includes mobile network infrastructure, radio access networks, core networks, cloud networking, broadband access, optical networking, IP routing, data-center networking, and network automation.