Nokia (NOK)

• Market cap: $22.9B
• 1 day: -1.62%
• 5 days: 0.95%
• 1 month: -7.42%
• 3 months: 0.00%
• 6 months: 7.34%
• Year to date: 24.34%
• 1 year: 40.86%
• 5 years: 21.84%
• 10 years: -48.48%

About: Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.

Employees: 86,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

262% more call options, than puts

Call options by funds: $71.8M | Put options by funds: $19.9M

37% more capital invested

Capital invested by funds: $1.3B [Q2] → $1.78B (+$482M) [Q3]

16% more repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 113

1.12% more ownership

Funds ownership: 6.11% [Q2] → 7.23% (+1.12%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

2% less funds holding

Funds holding: 435 [Q2] → 427 (-8) [Q3]

13% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 64

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4.35 3% upside
• Avg. target: $5.43 28% upside
• High target: $6.50 53% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

JP Morgan Sandeep Deshpande 33% 1-year accuracy 1 / 3 met price target	3% upside $4.35	Neutral Maintained	21 Oct 2024
Northland Capital Markets Tim Savageaux 50% 1-year accuracy 8 / 16 met price target	53% upside $6.50	Outperform Reiterated	18 Oct 2024