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Nokia Corporation (NOK)

NYSE - NYSE Delayed Price. Currency in USD
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3.9100+0.0700 (+1.82%)
At close: 4:00PM EDT

3.9200 +0.01 (0.26%)
Before hours: 5:13AM EDT

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Neutralpattern detected
Previous Close3.9500
Open3.9450
Bid0.0000 x 900
Ask0.0000 x 396000
Day's Range3.9000 - 3.9800
52 Week Range2.3400 - 5.2800
Volume24,692,528
Avg. Volume31,980,523
Market Cap22.1B
Beta (5Y Monthly)0.34
PE Ratio (TTM)N/A
EPS (TTM)-0.1920
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 29, 2019
1y Target Est5.08
  • Nokia Scores BT Contract For 5G Radio Network In UK; Analyst Sees 67% Upside
    SmarterAnalyst

    Nokia Scores BT Contract For 5G Radio Network In UK; Analyst Sees 67% Upside

    Nokia has been selected by BT, the UK’s biggest mobile operator, as a supplier for 5G radio access network (RAN) equipment.As a result of the deal, Nokia (NOK) will become BT’s largest infrastructure partner and supply equipment and services at BT radio sites across the UK. Currently BT powers Nokia network in Greater London, the Midlands and rural locations. With this deal, the reach will be extended to also cover multiple other towns and cities across the UK. Financial terms of the deal weren’t disclosed.“I am delighted that BT has extended its partnership with Nokia on 5G RAN, making Nokia BT’s largest infrastructure partner,” said Nokia CEO Pekka Lundmark. “Our two companies have collaborated for over a quarter of a century in order to deliver best-in-class connectivity to people across the United Kingdom. We are proud to support BT’s 5G network evolution.”Nokia will supply its AirScale Single RAN (S-RAN) portfolio for both indoor and outdoor coverage, including 5G RAN, AirScale base stations and Nokia AirScale radio access products. The deal will also see Nokia optimize BT’s 2G and 4G networks and work alongside BT on the development of the OpenRAN ecosystem.Shares in the Finnish telecom firm have lost 21% over the past month after Verizon replaced the company as its 5G supplier in the US and chose Samsung as one of its main suppliers of radio equipment. On a year-to-date basis, the stock is up 4.9%. With an average price target of $5.19, analysts forecast upside of 33% over the next year.Northland analyst Tim Savageaux, who has a Buy rating on the stock with a Street high $6.50 price target (67% upside potential), said recently that he believes that the “degree of concern around NOK prospects at VZ are overdone”.The analyst points out that Nokia’s recent entry into the Data Center switch market presents a sound opportunity and “serves as a timely reminder of the breadth and depth of NOK technology capabilities beyond wireless.”“While we continue to find NOK shares compelling from a sum of parts perspective, given the positive impact of increased traffic demands across the company's IP/Optical and Fixed Access segments, we also find the stand alone fundamental story compelling,” he summed up.The rest of the Street is cautiously optimistic on the stock. The Moderate Buy analyst consensus shows 3 Buys versus 4 Holds. (See Nokia stock analysis on TipRanks)Related News: Running on Empty: Tesla’s Battery Day Fails to Convince Boeing Pops 7% As FAA Chief Prepares To Test Fly MAX – Report Hawaiian Airlines To Offer Hawaii-Bound Travelers Covid Tests; Street Says Hold More recent articles from Smarter Analyst: * Juniper To Buy Netrounds; Street Says Hold * McCormick Down 2% Despite Strong 3Q Earnings, Reinstates Guidance * Ironwood Sinks 11% After Gastro Disease Treatment Study Halt * Jefferies Ramps Up Netflix’s PT On Price Hike Bet

  • GlobeNewswire

    Nokia selected as nationwide supplier of 5G RAN by Elisa Finland

    Press ReleaseNokia selected as nationwide supplier of 5G RAN by Elisa Finland * Nokia continues long-standing partnership with Elisa as strategic supply partner of 5G RAN nationwide 30 September 2020                                                                    Espoo, Finland – Nokia today announced that it has been selected by leading Finnish mobile operator Elisa as the nationwide supplier of 5G RAN. Nokia, which will provide its AirScale 5G RAN portfolio, will deliver enhanced ultra-fast, low-latency mobile broadband services to both consumer and enterprise customers. The deal continues Nokia’s long-standing partnership with Elisa into the 5G era and will focus on Elisa’s efforts to digitize Finland and make it a leading global 5G market. Deployment is expected to begin immediately. To support digitalization in Finland, Nokia will supply its flexible AirScale 5G Radio Access portfolio for enhanced mobile connectivity, as well as additional use cases such as Massive IoT and Ultra-Reliable Low Latency services (URLLC). This strengthens the partnership Nokia and Elisa have in other areas such as Core and IP Networks, as well as in Telco Cloud and IT domain.The project will also focus on mobile network technology migration so that new radios will serve both 5G and 4G subscribers across the country. Elisa plans to decommission its 3G network by 2023 to support its move to 5G services. The deal demonstrates Nokia and Elisa’s commitment to sustainability, with Elisa being the first operator to have installed a commercial liquid cooling 5G base station. The solution reduces the potential energy expense of the base station by 30 percent and CO2 emissions by approximately 80 percent. Nokia has delivered zero-emission products to over 150 customers worldwide and is committed to decreasing emissions from its operations by 41 percent by 2030. Veli-Matti Mattila, CEO at Elisa, said: “We continue facilitating the benefits of 5G to our customers in Finland, one of the world’s leading mobile service markets and are delighted to work with Nokia to enhance our capabilities. Nokia has been an important strategic partner for us for a long time and its technology has helped us to deliver state-of-the-art 5G based enhanced mobile broadband experiences to our customers. I believe we will have exciting years ahead creating new solutions to meet our customers’ needs, also in the field of private networks, ultra-low latency services, and massive IoT. I look forward to continuing to develop this relationship into the 5G era and beyond.”Pekka Lundmark, President and CEO at Nokia, said: “Nokia has a long-standing partnership with Elisa, which we are excited to extend into the 5G era as their strategic supply partner. Together we have delivered many technology ‘firsts’, including installing the first-ever commercial liquid cooling 5G base station, which highlights our shared commitment to decreasing emissions while providing world-class connectivity. I look forward to continuing to work closely with Elisa on its ambition to digitize Finnish society.”Nokia is a global leader in 5G with the industry's only end-to-end portfolio that is available globally. With more than 150 commercial engagements underway, its 5G solutions, software and services allow Nokia customers to take advantage of the promise of this next generation of network technology. Learn more about Nokia 5G.Resources: Webpage: Nokia AirScaleWebpage: Nokia 5G RANAbout Nokia We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks. Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com

  • Nokia (NOK) Gains As Market Dips: What You Should Know
    Zacks

    Nokia (NOK) Gains As Market Dips: What You Should Know

    Nokia (NOK) closed at $3.95 in the latest trading session, marking a +1.28% move from the prior day.