Despite Revenue Dip, Nokia's Q1 Net Profit and Technology Patents Fuel Growth
Benzinga (Thu, 18-Apr 7:35 AM ET)
Options Volatility and Implied Earnings Moves Today, April 18, 2024
TipRanks (Thu, 18-Apr 7:05 AM ET)
NOK Earnings: Nokia’s Q1 Revenue Declines by 20% Amid Weak Demand
TipRanks (Thu, 18-Apr 6:33 AM ET)
Seeking Alpha News (Thu, 18-Apr 5:18 AM ET)
Nokia declares EUR 0.04 dividend
Seeking Alpha News (Thu, 18-Apr 1:29 AM ET)
Nokia Non-GAAP EPS of €0.09, revenue of €4.67B; reaffirms FY24 outlook
Seeking Alpha News (Thu, 18-Apr 1:06 AM ET)
Nokia Non-GAAP EPS of €0.09, revenue of €4.67B; reaffirms FY24 and FY26 outlook
Seeking Alpha News (Thu, 18-Apr 1:06 AM ET)
Notable earnings before Thursday's open
Seeking Alpha News (Wed, 17-Apr 10:52 AM ET)
Analysts Conflicted on These Technology Names: Nokia (NOK) and Oxford Instruments (OtherOXINF)
TipRanks (Tue, 16-Apr 8:11 AM ET)
Craig-Hallum Reaffirms Their Buy Rating on Nokia (NOK)
TipRanks (Mon, 15-Apr 8:56 AM ET)
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.
Nokia Sponsored American Depositary Shares trades on the NYSE stock market under the symbol NOK.
As of April 18, 2024, NOK stock price climbed to $3.45 with 20,735,839 million shares trading.
NOK has a beta of 1.02, meaning it tends to be more sensitive to market movements. NOK has a correlation of 0.15 to the broad based SPY ETF.
NOK has a market cap of $19.08 billion. This is considered a Large Cap stock.
Last quarter Nokia Sponsored American Depositary Shares reported $6 billion in Revenue and $.11 earnings per share. This fell short of revenue expectation by $-907 million and missed earnings estimates by -$.04.
In the last 3 years, NOK stock traded as high as $6.40 and as low as $2.94.
The top ETF exchange traded funds that NOK belongs to (by Net Assets): FIVG, RODM, TDIV, DFIV, NXTG.
NOK has underperformed the market in the last year with a return of -26.2%, while the SPY ETF gained +22.3%. In the last 3 month period, NOK fell short of the market, returning +0.9%, while SPY returned +6.1%. However, in the most recent 2 weeks NOK has outperformed the stock market by returning -3.6%, while SPY returned -3.8%.
NOK support price is $3.28 and resistance is $3.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOK stock will trade within this expected range on the day.