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Nokia Oyj (NOK) Stock Price, News & Analysis

0.00 (0.00%)
(As of 05/24/2024 08:50 PM ET)
Today's Range
50-Day Range
52-Week Range
5.76 million shs
Average Volume
14.91 million shs
Market Capitalization
$21.68 billion
P/E Ratio
Dividend Yield
Price Target

Nokia Oyj MarketRank™ Stock Analysis

Analyst Rating
2.00 Rating Score
14.7% Upside
$4.42 Price Target
Short Interest
0.39% of Float Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.37mentions of Nokia Oyj in the last 14 days
Based on 17 Articles This Week
Insider Trading
Proj. Earnings Growth
From $0.37 to $0.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.10 out of 5 stars

Computer And Technology Sector

410th out of 597 stocks

Radio & T.V. Communications Equipment Industry

13th out of 20 stocks

NOK stock logo

About Nokia Oyj Stock (NYSE:NOK)

Nokia Oyj is a multinational technology company headquartered in Espoo, Finland. The company provides networking equipment, technology licensing, and services to communications service providers, enterprises, and governments. Founded in 1865 as a pulp mill, Nokia has become a significant player in the telecommunications industry. The company operates in over 100 countries and employs approximately 90,000 people worldwide.

Nokia is a well-established brand with a rich history. In the 1990s, Nokia was the world's largest mobile phone manufacturer and had a dominant market share. However, the company faced increasing competition from other players in the market and by the mid-2000s, Nokia's market share had declined significantly. In recent years, Nokia has focused on the telecommunications industry, specifically developing 5G technology.

A diverse and experienced management team leads Nokia. The Chief Executive Officer is Pekka Lundmark, who took over the position in August 2020. Lundmark worked at Nokia from 1990 to 2000 and has experience in various technology companies. Other key leadership team members include Marco Wiren, the Chief Financial Officer, and Mishant Batra, the Chief Strategy Officer.

Nokia has reported relatively stable financial performance over the past few years. The company reports revenue between $20 and $25 billion in the past several years. However, Nokia's operating profit margin has improved significantly over the past few years, jumping from 3.4% to 9.7%. The company's debt levels have also been relatively stable, with enough assets to cover all liabilities. Nokia's valuation metrics are generally in line with its industry peers. The company has a price-to-earnings ratio and a price-to-book ratio in line with industry peers. In terms of market performance, Nokia's stock has had some ups and downs over the past few years. In early 2021, the stock saw an increase in price due to investor optimism surrounding the company's 5G technology. However, the stock has since experienced some volatility, with fluctuations in trading volume.

Nokia operates in the highly competitive telecommunications industry, which is constantly evolving. Rapid technological advancements, increasing demand for connectivity, and the emergence of new competitors characterize the industry. Some of Nokia's key competitors include Ericsson, Huawei, and Samsung.

One major trend in the industry is the rollout of 5G technology, which is expected to transform how people and businesses connect. Nokia has positioned itself as a leader in 5G technology, with its products and services used by major telecommunications companies worldwide. However, regulatory and political issues, such as the ongoing trade tensions between the United States and China, may impact the industry's growth.

Despite the challenges, Nokia has several potential growth opportunities. The company is investing in developing 5G technology, which is expected to drive demand for its products and services. Nokia has also expanded its offerings to include software and services, which can help to diversify its revenue streams. The company is also exploring new markets, such as the Internet of Things (IoT) and smart cities.

In 2021, Nokia signed a deal with the UK government to provide equipment and services for the country's 5G network. The deal is worth over $1 billion and highlights Nokia's leadership in the 5G space. In recent years, Nokia has made several acquisitions to expand its capabilities in areas such as cloud-based networking and IoT. In 2020, Nokia acquired Elenion Technologies, a company specializing in silicon photonics technology, which could help to improve the performance of Nokia's networking equipment.

However, there are also potential risks and challenges facing Nokia. One major challenge is the competition in the telecommunications industry, which could impact the company's market share and pricing power. Changes in consumer preferences and demand could also affect Nokia's sales and profitability. There are also regulatory risks, such as changes in data privacy laws and security regulations, which could impact the company's operations.

NOK Stock Price History

NOK Stock News Headlines

Nokia Corporation: Repurchase of own shares on 24.05.2024
Nokia Corporation - Managers' transactions (Schoeb)
Nokia Corporation - Managers' transactions (Ton)
See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 5/8 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Radio & t.v. communications equipment
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
8 Analysts


Net Income
$719.73 million
Pretax Margin


Sales & Book Value

Annual Sales
$24.09 billion
Cash Flow
$0.52 per share
Book Value
$4.09 per share


Outstanding Shares
Free Float
Market Cap
$21.68 billion

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Key Executives

  • Mr. Pekka Ilmari Lundmark M.Sc.(Eng.) (Age 61)
    President & CEO
    Comp: $2.68M
  • Mr. Marco Wiren M.Sc. (Econ.) (Age 58)
    Chief Financial Officer
  • Mr. Stephan Prosi
    Vice President of Corporate Controlling & Accounting
  • Mr. Nishant Batra (Age 46)
    Chief Strategy & Technology Officer
  • Mr. David Terence Mulholland C.F.A.
    Head of Investor Relations
  • Mr. Esa Niinimaki (Age 48)
    Chief Legal Officer, Corporate & Secretary to the Board
  • Kaisa Antikainen
    Communications Manager
  • Lorna Gibb
    VP of Labor & Employment and Interim Chief People Officer
  • Ms. Maria Rosaria Varsellona J.D. (Age 54)
    L.L.B., Executive Officer
  • Ms. Lise Karstensen
    Head of Nordic&Baltic, Global Enterprise & Public Sector and Country Director of Denmark

NOK Stock Analysis - Frequently Asked Questions

Should I buy or sell Nokia Oyj stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nokia Oyj in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NOK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOK, but not buy additional shares or sell existing shares.
View NOK analyst ratings
or view top-rated stocks.

What is Nokia Oyj's stock price target for 2024?

8 Wall Street research analysts have issued 12 month target prices for Nokia Oyj's shares. Their NOK share price targets range from $3.40 to $6.00. On average, they predict the company's stock price to reach $4.42 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts price targets for NOK
or view top-rated stocks among Wall Street analysts.

How have NOK shares performed in 2024?

Nokia Oyj's stock was trading at $3.42 at the beginning of 2024. Since then, NOK stock has increased by 12.6% and is now trading at $3.85.
View the best growth stocks for 2024 here

Are investors shorting Nokia Oyj?

Nokia Oyj saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 19,570,000 shares, a drop of 25.7% from the March 31st total of 26,330,000 shares. Based on an average trading volume of 15,650,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company's shares are sold short.
View Nokia Oyj's Short Interest

When is Nokia Oyj's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our NOK earnings forecast

How were Nokia Oyj's earnings last quarter?

Nokia Oyj (NYSE:NOK) posted its quarterly earnings results on Thursday, April, 18th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The technology company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.19 billion. Nokia Oyj had a net margin of 3.90% and a trailing twelve-month return on equity of 8.39%.

How often does Nokia Oyj pay dividends? What is the dividend yield for Nokia Oyj?

Nokia Oyj declared a quarterly dividend on Friday, January 26th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.0323 per share on Wednesday, May 8th. This represents a $0.13 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Monday, April 22nd.
Read our dividend analysis for NOK

Is Nokia Oyj a good dividend stock?

Nokia Oyj (NYSE:NOK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 3.01%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOK will have a dividend payout ratio of 31.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOK.

What is Pekka Lundmark's approval rating as Nokia Oyj's CEO?

338 employees have rated Nokia Oyj Chief Executive Officer Pekka Lundmark on Pekka Lundmark has an approval rating of 93% among the company's employees. This puts Pekka Lundmark in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Nokia Oyj own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nokia Oyj investors own include Telefonaktiebolaget LM Ericsson (publ) (ERIC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), AT&T (T), QUALCOMM (QCOM), Cisco Systems (CSCO), Micron Technology (MU), General Electric (GE) and Tesla (TSLA).

Who are Nokia Oyj's major shareholders?

Nokia Oyj's stock is owned by a variety of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (1.20%), Folketrygdfondet (0.22%), Sei Investments Co. (0.05%), TSP Capital Management Group LLC (0.04%), Russell Investments Group Ltd. (0.03%) and Susquehanna International Securities Ltd. (0.03%).

How do I buy shares of Nokia Oyj?

Shares of NOK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Nokia Oyj have any subsidiaries?
The following companies are subsidiares of Nokia Oyj: AO “Nokia Solutions and Networks”, ATG Germany GmbH, Aircom International, Alcatel - Lucent, Alcatel Centroamerica S.A., Alcatel IP Networks Limited, Alcatel Lucent, Alcatel Lucent Middle East North Africa DMCC, Alcatel Lucent Teletas Telekomunikasyon A.S., Alcatel SEL Unterstützungs GmbH, Alcatel Submarine Networks, Alcatel Submarine Networks Brazil Ltda., Alcatel Submarine Networks Denmark ApS, Alcatel Submarine Networks Hong Kong Limited, Alcatel Submarine Networks Marine, Alcatel Submarine Networks Norway AS, Alcatel Submarine Networks UK Ltd, Alcatel Submarine Networks USA Inc., Alcatel de Venezuela C.A., Alcatel-Lucent Angola Limitada, Alcatel-Lucent Benin SA, Alcatel-Lucent Centro Caribbean Holding Limited, Alcatel-Lucent East Africa Limited, Alcatel-Lucent India Limited, Alcatel-Lucent International, Alcatel-Lucent International Holdings Inc., Alcatel-Lucent Managed Solutions India Private Limited, Alcatel-Lucent Nigeria Limited, Alcatel-Lucent Pakistan Limited, Alcatel-Lucent Participations, Alcatel-Lucent Participations Chine, Alcatel-Lucent Portugal S.A., Alcatel-Lucent RT International B.V., Alcatel-Lucent Saudi Arabia Co. Ltd., Alcatel-Lucent Services International B.V., Alcatel-Lucent Shanghai Bell Information Products Co. Ltd., Alcatel-Lucent Submarine Networks (Cabo Verde) Lda, Alcatel-Lucent Trade International AG, Alcatel-Lucent UK Limited, Alcatel-Lucent Ukraine SC, Alcatel-Lucent Vietnam Limited, Amber Networks Inc., Antelec, Apertio Ltd., Avvenu, Bell Laboratories Inc., C-Dot Alcatel-Lucent Research Centre Private Limited, Camilec, Comptel, Comptel Communications EOOD, Comptel Communications Holdings Limited, Comptel Communications India Private Limited, Comptel Communications Limited, Comptel Communications Oy, Comptel Communications Sdn Bhd, Comptel Oy, Comptel Palvelut Philippines Inc., DeepField, Diamond Lane Communications, Digiskin UK, DiscoveryCom Inc., Dopplr, ETA Devices Inc., Eizel Technologies, Elenion Technologies, Elenion Technologies LLC, Enpocket, Epistrophe Limited, Europe*Star Limited, Evolium, F5 Networks Inc., Hunan Huanuo Technology Co. Ltd., IRIS Service Delivery UK Ltd, IRIS Telecommunication Austria GmbH, IRIS Telecommunication France, IRIS Telecommunication GmbH, IRIS Telecommunication Poland sp. z o.o., IRIS Telekomünikasyon Mühendislik Hizmetleri A.S., InTalk Corporation, Intellisync Corporation, Intellisync LLC, Ipsilon Networks Inc., LCC International's U.S., LLC "Nokia Solutions and Networks Ukraine", Loudeye Corp., Lucent Technologies GRL LLC, Lucent Technologies Investment Co. Ltd., Lucent Technologies Nanjing Telecommunications Co. Ltd., Lucent Technologies Networks (Thailand) Limited, Lucent Technologies Nicaragua S.A., Lucent Technologies Philippines Inc., Lucent Technologies Qingdao Telecommunications Enterprises Co. Ltd., Lucent Technologies Qingdao Telecommunications Systems Ltd., MRAC Inc., Matra Nortel Communications, Mesaplexx Limited, MetaCarta Inc., Metrowerks Corporation, Mformation Software Technologies India Pvt Ltd, Motally, NE-Products Oy, NGI Industrial (NGI), Nakina Systems, Nassau Metals Corporation, Navteq, Network Alchemy Inc., Nokatus Insurance Company Designated Activity Company (DAC), Nokia (Shanghai) Enterprise Management Co. Ltd., Nokia (Thailand) Co. Ltd., Nokia Apps Distribution LLC, Nokia Arabia Limited – 100.0, Nokia Asset Verwaltungsgesellschaft mbH, Nokia Bell NV, Nokia Canada Inc., Nokia Costa Rica S.A., Nokia Denmark A/S, Nokia Display Technics GmbH i.L., Nokia Dominican Republic S.A.S., Nokia Egypt S.A.E., Nokia El Salvador S.A. de C.V., Nokia Electronics Bochum GmbH i.L., Nokia Federal Solutions LLC, Nokia Hong Kong Limited, Nokia India Private Limited, Nokia Innovations Japan G.K., Nokia Innovations Oy, Nokia Innovations US LLC, Nokia Investment Management Corporation, Nokia Investments Oy, Nokia Ireland Limited, Nokia Jamaica Limited, Nokia Kunststofftechnik GmbH i.L., Nokia Networks (Chengdu) Co. Ltd., Nokia Networks S.R.L., Nokia New Zealand Limited, Nokia Operations de Guatemala S.A., Nokia Operations de México S.A. de C.V., Nokia Paraguay S.A., Nokia Puerto Rico Inc., Nokia Services Pty Limited, Nokia Services and Networks Malaysia Sdn. Bhd., Nokia Shanghai Bell (Hong Kong) Limited, Nokia Shanghai Bell Co. Ltd., Nokia Shanghai Bell Lao Sole Co. Ltd., Nokia Shanghai Bell Philippines Inc., Nokia Shanghai Bell Software Co. Ltd., Nokia Siemens Networks Afghanistan LLC, Nokia Siemens Networks Algérie SARL, Nokia Slovakia A.S., Nokia Solutions Networks Iletisim A.S., Nokia Solutions and Networks (Suzhou) Co. Ltd., Nokia Solutions and Networks (Suzhou) Supply Chain Service Co. Ltd., Nokia Solutions and Networks AB, Nokia Solutions and Networks Argentina S.A., Nokia Solutions and Networks Asset Management Oy, Nokia Solutions and Networks Australia Pty Ltd, Nokia Solutions and Networks B.V., Nokia Solutions and Networks Baku LLC, Nokia Solutions and Networks Bangladesh Limited, Nokia Solutions and Networks Bolivia S.A., Nokia Solutions and Networks Branch Operations Oy, Nokia Solutions and Networks CCC, Nokia Solutions and Networks CJSC, Nokia Solutions and Networks Chile Ltda., Nokia Solutions and Networks Colombia Ltda., Nokia Solutions and Networks Czech Republic s.r.o., Nokia Solutions and Networks EOOD, Nokia Solutions and Networks Ecuador S.A., Nokia Solutions and Networks Ethernet Services Ltd., Nokia Solutions and Networks GmbH & Co. KG, Nokia Solutions and Networks Hellas Single Member S.A., Nokia Solutions and Networks Holding Österreich GmbH, Nokia Solutions and Networks Honduras S.A., Nokia Solutions and Networks India Private Limited, Nokia Solutions and Networks International Holding GmbH, Nokia Solutions and Networks Investment (China) Co. Ltd., Nokia Solutions and Networks Israel Ltd., Nokia Solutions and Networks Italia S.p.A., Nokia Solutions and Networks Japan G.K., Nokia Solutions and Networks Kazakhstan LLP, Nokia Solutions and Networks Kft., Nokia Solutions and Networks Korea Ltd., Nokia Solutions and Networks Kuwait Company W.L.L, Nokia Solutions and Networks LLC, Nokia Solutions and Networks Lanka (Private) Limited, Nokia Solutions and Networks MEA FZ-LLC, Nokia Solutions and Networks Management GmbH, Nokia Solutions and Networks Morocco SARL, Nokia Solutions and Networks Myanmar Limited, Nokia Solutions and Networks Nederland B.V., Nokia Solutions and Networks Nicaragua S.A., Nokia Solutions and Networks Nigeria Ltd., Nokia Solutions and Networks Norge AS, Nokia Solutions and Networks Oy, Nokia Solutions and Networks OÜ, Nokia Solutions and Networks Pakistan (Private) Limited, Nokia Solutions and Networks Peru S.A., Nokia Solutions and Networks Philippines Inc., Nokia Solutions and Networks Portugal S.A., Nokia Solutions and Networks S.R.L., Nokia Solutions and Networks S.p.A., Nokia Solutions and Networks SIA, Nokia Solutions and Networks Schweiz AG, Nokia Solutions and Networks Serbia d.o.o. Beograd, Nokia Solutions and Networks Singapore Pte. Ltd., Nokia Solutions and Networks South Africa Pty. Ltd., Nokia Solutions and Networks Sp. z.o.o, Nokia Solutions and Networks System Technology (Beijing) Co. Ltd., Nokia Solutions and Networks Taiwan Co. Ltd., Nokia Solutions and Networks Tanzania Limited, Nokia Solutions and Networks Tashkent LLC, Nokia Solutions and Networks Technical Services Vietnam Company Limited, Nokia Solutions and Networks TraffiCOM Kft., Nokia Solutions and Networks Tunisia SA, Nokia Solutions and Networks UK Limited, Nokia Solutions and Networks Venezuela C.A., Nokia Solutions and Networks d.o.o., Nokia Solutions and Networks d.o.o. Banja Luka, Nokia Solutions and Networks d.o.o. Sarajevo, Nokia Solutions and Networks do Brasil Telecomunicações Ltda., Nokia Solutions and Networks telekomunikacijske resitve d.o.o., Nokia Solutions and Networks Österreich GmbH, Nokia South Africa (Pty) Ltd, Nokia Spain S.A., Nokia Technologies (Beijing) Co. Ltd., Nokia Technologies (UK) Limited, Nokia Technologies Oy, Nokia Technology Center Philippines Inc., Nokia Technology GmbH, Nokia Teknologia Oy, Nokia Training Center Russian Federation, Nokia Transformation Engineering & Consulting Services Spain S.L.U., Nokia UK Limited, Nokia US Holdings Inc., Nokia Unterstützungsgesellschaft GmbH, Nokia Uruguay S.A., Nokia West and Central Africa SA, Nokia of America Corporation, Novarra Inc., OOO “Nokia Solutions and Networks”, OOO “RTK – Network Technologies”, OZ Communications, OZ Communications HK Limited, P.T. Lucent Technologies Network Systems Indonesia, PT Nokia Solutions and Networks Indonesia, Pishahang Communications Networks Development Company (Private Joint Stock), Plazes, Plum, R.F.S. (UK) Limited, RFS Brasil Telecomunicacoes Ltda, RFS Holding GmbH, RFS India Telecom Private Limited, RFS Italia SRL, RFS Radio Frequency Systems (Shanghai) Co. Ltd., RFS Radio Frequency Systems (Suzhou) Co. Ltd., Radio Frequency Systems (Africa) Pty Ltd, Radio Frequency Systems (S) Pte Ltd, Radio Frequency Systems France, Radio Frequency Systems GmbH, Radio Frequency Systems Inc., Radio Frequency Systems Pty Limited, Radio Frequency Systems de Mexico S.A. de C.V., Ramp Networks Inc., Redback Networks Inc., Rooftop Communications Corporation, SAC AE Design Group Inc., SAC Wireless, SAC Wireless LLC, SAC Wireless of CA Inc., SRA Computer C.V., STC, Inc., Smarterphone, Societe de Telecommunication Camerounaise – Sotelcam, Space Time Insight, Symbian Limited, Symbian Ltd, Tahoe Networks, Taiwan International Standard Electronics Limited, Technophone Ltd, Telekol Group, Trolltech (Qt Development Frameworks), Twango, UAB Nokia Solutions and Networks, Unium, User Interface Design, Vertu Holdings Oy, Vienna Systems Corporation, Western Electric Company Incorporated, Western Electric International Incorporated, Withings, Zyzyx Inc., bit-side GmbH, cellity AG, earthmine, and gate5 AG.
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This page (NYSE:NOK) was last updated on 5/27/2024 by Staff

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