Nokia (NYSE:NOK) Shares Down 7.2% – Should You Sell?

Nokia Corporation (NYSE:NOK)’s stock price fell 7.2% during trading on Friday . The company traded as low as $12.78 and last traded at $12.9760. 142,224,419 shares changed hands during trading, an increase of 78% from the average session volume of 80,115,805 shares. The stock had previously closed at $13.98.

Trending Headlines about 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

Analysts Set New Price Targets

NOK has been the topic of several research analyst reports. Arete Research upgraded Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their target price on Nokia from $14.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. The Goldman Sachs Group upgraded shares of Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Finally, Argus raised shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.57.

Nokia Stock Down 7.2%

The business has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $9.55. 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 firm has a market cap of $74.51 billion, a PE ratio of 81.11, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15.

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

Hedge Funds Weigh In On Nokia

Several hedge funds and other institutional investors have recently made changes to their positions in NOK. J2 Capital Management Inc increased its stake in shares of Nokia by 2.0% during the first quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company’s stock worth $548,000 after buying an additional 1,319 shares during the period. Janney Montgomery Scott LLC lifted its stake in Nokia by 6.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company’s stock worth $145,000 after acquiring an additional 1,450 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in Nokia by 14.0% in the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,483 shares during the last quarter. Xponance LLC grew its holdings in Nokia by 13.0% during the 4th quarter. Xponance LLC now owns 13,590 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,567 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Nokia by 12.1% in the 1st quarter. Assetmark Inc. now owns 14,704 shares of the technology company’s stock valued at $118,000 after purchasing an additional 1,591 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.