Nokia (NYSE:NOK) Trading 11.7% Higher – Still a Buy?

Nokia Corporation (NYSE:NOK) shares rose 11.7% on Wednesday . The company traded as high as $14.83 and last traded at $14.7060. Approximately 145,943,010 shares changed hands during mid-day trading, an increase of 119% from the average daily volume of 66,716,125 shares. The stock had previously closed at $13.17.

More Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia launched new agentic AI capabilities for home and broadband networks, embedding AI across its Altiplano, Corteca, and Broadband Easy platforms to automate troubleshooting, improve network operations, speed fiber rollouts, and reduce costs. This is the clearest near-term catalyst, as it suggests Nokia is gaining traction in the telecom AI upgrade cycle. Article Title
• Positive Sentiment: Reuters/Yahoo-style coverage noted that Nokia shares were already attracting buyers on the back of improving risk appetite and a strong upward trend near recent highs, with the new AI rollout helping sustain momentum. Article Title
• Positive Sentiment: Nokia also named Emma Falck, a Siemens executive, as President of Mobile Infrastructure and a member of the Group Leadership Team. Investors may view this as a move to strengthen execution in a key division. Article Title
• Positive Sentiment: Nokia won a UK appeal that blocks Acer and Asus from pursuing London patent lawsuits over video streaming technology, reducing legal overhang and improving its leverage in global licensing disputes. Article Title
• Neutral Sentiment: Several analyst-style articles debated whether Nokia remains undervalued and highlighted its AI-super-cycle potential, but these pieces are mostly commentary rather than fresh fundamental news. Article Title
• Neutral Sentiment: Jim Cramer said Nokia is a buy, which may help sentiment, but this is opinion-based and not a direct business development. Article Title
• Negative Sentiment: A comparison piece argued that Corning’s AI-ready optical connectivity and platform revamp look more attractive than Nokia’s 5G-focused strategy, which could temper enthusiasm for NOK relative to peers. Article Title

Analyst Ratings Changes

Several equities analysts have commented on NOK shares. Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a report on Tuesday, April 28th. Northland Securities set a $13.00 target price on shares of Nokia in a report on Monday, April 20th. Citigroup reiterated a “sell” rating on shares of Nokia in a research note on Friday, January 23rd. Arete Research raised shares of Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.71.

Nokia Trading Up 11.7%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36. The business’s 50-day moving average is $9.60 and its 200 day moving average is $7.70. The firm has a market capitalization of $84.45 billion, a P/E ratio of 91.92, a price-to-earnings-growth ratio of 2.69 and a beta of 1.12.

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

Nokia Increases Dividend

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

Hedge Funds Weigh In On Nokia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOK. Fifth Third Bancorp lifted its position in shares of Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after acquiring an additional 2,721 shares during the period. Wexford Capital LP acquired a new stake in shares of Nokia during the 3rd quarter worth $29,000. FNY Investment Advisers LLC increased its position in shares of Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after purchasing an additional 4,684 shares during the period. Dorato Capital Management acquired a new position in Nokia in the fourth quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Nokia in the third quarter valued at about $34,000. 5.28% of the stock is owned by institutional investors and hedge funds.

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.