Nokia (NYSE:NOK) Sees Strong Trading Volume on Better-Than-Expected Earnings

Shares of Nokia Corporation (NYSE:NOK) saw an uptick in trading volume on Thursday following a better than expected earnings announcement. 54,556,161 shares changed hands during trading, a decline of 32% from the previous session’s volume of 80,530,250 shares.The stock last traded at $9.9320 and had previously closed at $10.28.

The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.57 billion. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 EPS.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia beat profit expectations, reporting $0.08 EPS versus $0.07 expected, with revenue up 8.4% year over year and network infrastructure strength helping offset a slight revenue miss. Reuters: Nokia Q2 profit beat on AI demand
• Positive Sentiment: Management said AI and cloud orders surged, with AI/cloud sales more than doubling and order intake reaching 2.8 billion euros, reinforcing the market’s view that Nokia is benefiting from data-center and AI infrastructure spending. Yahoo Finance: Nokia says AI, cloud boosted sales in second quarter
• Positive Sentiment: Nokia raised its full-year comparable operating profit guidance, signaling confidence that AI-driven demand will continue through the rest of 2026. Invezz: Nokia raises profit outlook as AI and cloud demand boost results
• Positive Sentiment: Several reports noted that AI infrastructure demand and record AI-related orders were the main drivers behind the stock’s jump, with investors focusing on Nokia’s growing role in network equipment for data centers. Investor’s Hub: Nokia reports stronger second-quarter earnings

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NOK shares. Arete Research raised Nokia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Barclays reaffirmed an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Danske raised shares of Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Nordea Equity Research raised shares of Nokia from a “hold” rating to a “buy” rating in a research note on Friday, April 24th. Finally, Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Nokia currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Hedge Funds Weigh In On Nokia

Several institutional investors and hedge funds have recently modified their holdings of the stock. Analog Century Management LP bought a new stake in Nokia during the 4th quarter valued at about $104,244,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Nokia by 50.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock worth $208,873,000 after buying an additional 14,482,665 shares in the last quarter. ARGA Investment Management LP lifted its stake in shares of Nokia by 166.4% in the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock worth $163,921,000 after buying an additional 12,734,021 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Nokia by 14.5% during the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after buying an additional 11,612,590 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of Nokia by 171.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after acquiring an additional 11,035,002 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors.

Nokia Stock Down 5.4%

The company has a market cap of $55.83 billion, a P/E ratio of 60.77, a P/E/G ratio of 1.46 and a beta of 1.17. The company’s 50-day moving average is $13.46 and its two-hundred day moving average is $10.27. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32.

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.