5.30 -0.48 (-8.38%)
Pre-Market: 8:26AM EDT
|Bid||5.30 x 900|
|Ask||5.31 x 306100|
|Day's Range||5.76 - 5.84|
|52 Week Range||5.07 - 6.65|
|Beta (3Y Monthly)||-0.06|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.24 (3.88%)|
|1y Target Est||7.07|
The Latest on 5G Equipment Vendors Nokia and Ericsson(Continued from Prior Part)Nokia downplays the risk to its business In its annual regulatory filing last month, Nokia (NOK) disclosed that it was undertaking an internal investigation into
Our call of the day, from BMO Wealth Management’s chief investment strategist Yung-Yu Ma says investors have to stop falling for this popular market mantra right now.
The U.S. has intensified criticism of Huawei over the past year, saying its network equipment is vulnerable to exploitation by Chinese state-sponsored actors. Concerns about how Nokia will cope with a price war add to existing worries about its profitability. The Finnish company insists that defending its margins is the right move, but it's getting harder to back that thesis as its profitability declines while Ericsson’s increases.
Finland's Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their suppliers. Nokia said it would be under significant pressure to deliver in the second half after a slow start to the year in supplying next-generation mobile gear. Nokia counts Sweden's Ericsson and China's Huawei as its main rivals, and some analysts say the Finnish company may benefit from challenges faced by Huawei after Washington alleged its equipment could be used by Beijing for spying - charges Huawei denies.
Finnish telecoms giant Nokia has reported an unexpected loss in an early blow in its battle to dominate the upcoming launch of faster 5G wireless networks.
Telecoms gear maker Nokia has reported a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year. CEO Rajeev Suri said revenues from the faster but more expensive 5G networks were expected to "grow sharply" in the second half of the year. Shares in Nokia dropped as much as 10% after the news of the quarterly loss.
The Espoo, Finland-based company said it had a loss of 9 cents per share. Losses, adjusted for amortization costs and restructuring costs, came to 2 cents per share. The results fell short of Wall Street ...
shares traded sharply lower Thursday after the telecoms equipment maker posted a surprise first quarter loss, even as the group held onto its full-year profit targets ahead of an anticipated ramp-up of 5G networks around the world. Nokia posted a loss of €59 million ($65.8 million) for the three months ending in March, compared to a Street forecast of a €305 million profit and a prior year figure of €239 million. Quarterly revenues came in at €5.03 billion, Nokia said, rising 2% from the same period last year and essentially matching the consensus forecast, and group cash flow was pegged at -€913 million.
The results make it harder for Nokia to meet its 2019 profit targets and the Finnish vendor said it was now under “significant pressure on execution in the second half.” Its shares fell as much as 11 percent, their steepest intraday drop since October 2017. While both companies need to clinch customers for their fifth-generation network gear at low prices in the hope they can sell more to them later, Ericsson still published stronger than expected results last week. Nokia and Ericsson are also trying to capitalize on the woes of their Chinese rival Huawei Technologies Co., which faces headwinds in several countries over concern that its equipment may be used for state espionage.
Nokia has reported an unexpected loss in the first quarter, sending its stock down almost 10 per cent in early trading. Nokia would have been boosted by €200m of 5G sales that it was unable to take into account due to revenue recognition policies.
Nokia Corporation Interim Report April 25, 2019 at 08:00 (CET +1) Nokia Corporation Interim Report for Q1 2019 Particularly weak Q1, consistent with our outlook; Full.
The Latest on 5G Equipment Vendors Nokia and EricssonNokia accused of unfair patent licensing practices Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe. Daimler, the German automotive giant behind
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Nokia Corporation (“Nokia” or the “Company”) (NOK) of the June 18, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Nokia stock or options between October 25, 2018 and March 21, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/NOK. There is no cost or obligation to you.
NEW YORK, NY / ACCESSWIRE / April 24, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq.
NEW YORK, NY / ACCESSWIRE / April 23, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq.
Nokia is making 5G deployments faster and more cost-efficient with its patent-pending 5G virtual testing environment. In its over-the-air validation area in Oulu, Finland, Nokia works with operators to simulate massive MIMO antenna beamforming performance by combining physical testing with a leading edge virtual environment.
Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Nokia Corporation (NOK) securities between October 25, 2018 and March 21, 2019 (the “Class Period”). Investors have until June 18, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Nokia lawsuit, please go to https://bespc.com/nok/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Nokia Corporation (“Nokia” or the “Company”) (NYSE: NOK) securities between October 25, 2018 and March 21, 2019, inclusive (the “Class Period”). Nokia investors have until June 18, 2019 to file a lead plaintiff motion.
The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGO(Continued from Prior Part)Jacobs drops Qualcomm takeover bid At least two developments this month have served to eliminate uncertainties over the fate of Qualcomm (QCOM). First is the
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Nokia Corporation (“Nokia” or the “Company”) (NOK) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Nokia securities between October 25, 2018 and March 21, 2019, both dates inclusive. Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/nok.
Nokia (NOK) is likely to report lower y-o-y revenues in Q1 due to risks arising from delay in project timings and deliveries despite ramp up of 5G deliveries, particularly in North America.
Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Tom v. Nokia Corporation et al., (Case No. 1:19-cv-03509), on behalf of persons and entities that purchased or otherwise acquired Nokia Corporation (NYSE: NOK) (“Nokia” or the “Company”) securities between October 25, 2018 and March 21, 2019, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). On March 21, 2019, the Company disclosed that it had been, “made aware of certain practices relating to compliance issues at the former Alcatel Lucent business [acquired by Nokia November 2016] that have raised concerns.'' Nokia then advised investors that it had initiated an internal investigation and that it was cooperating with regulatory authorities to resolve the matter.
Nokia CorporationStock Exchange ReleaseApril 18, 2019 at 9:00 (CET +1) Nokia provides recast comparative segment results and additional financial disclosures for 2018.