Nokia (NOK)

• Market cap: $28.8B
• 1 day: -0.38%
• 5 days: -0.75%
• 1 month: 7.49%
• 3 months: 19.33%
• 6 months: 23.20%
• Year to date: 19.06%
• 1 year: 48.32%
• 5 years: 100.38%
• 10 years: -32.61%
• Sector: Communication Services
• Industry: Radio & TV Broadcasting & Communications Equipment

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. 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, offering 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: 78,434

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

66% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 53

48% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 95

23% more capital invested

Capital invested by funds: $1.78B [Q3] → $2.18B (+$402M) [Q4]

12% more call options, than puts

Call options by funds: $65.2M | Put options by funds: $58.2M

5% more funds holding

Funds holding: 430 [Q3] → 452 (+22) [Q4]

1.55% more ownership

Funds ownership: 7.24% [Q3] → 8.79% (+1.55%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

Research analyst outlook

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

• Low target: $6.30 19% upside
• Avg. target: $6.65 25% upside
• High target: $7 32% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

JP Morgan Sandeep Deshpande 50% 1-year accuracy 3 / 6 met price target	19% upside $6.30	Overweight Maintained	21 Feb 2025
Craig-Hallum Christian Schwab 31% 1-year accuracy 11 / 35 met price target	32% upside $7	Buy Maintained	6 Jan 2025