HELSINKI—Wireless and fixed-network equipment maker Nokia on Thursday reported strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio. The Espoo, Finland-based company reported net profit of 929 million euros ($1 billion) for the October–December period, up 27 percent from 731 million euros a year earlier. Net income…
Nokia 4th Quarter Profit Beats Expectations on Back of Robust Demand
Nokia Exits Russia Amid Ukraine Invasion: What You Need to Know
The telecom equipment giant Nokia Corporation is the latest one to join the slew of companies pulling out of the Russian market amid the country’s invasion of Ukraine. The company in a press statement said it is expecting no financial impact from the decision as Russia accounted for less than 2 percent of its net sales in…
Jefferies Goes Bullish on Nokia
Jefferies analyst Janardan Menon initiated coverage of Nokia Oyj with a Buy rating and EUR 6 price target. Menon sees 2022 as a strong year for telecom equipment makers citing lofty U.S. C-band deployments and improved 5G roll-outs in Europe. Menon expects Nokia to benefit from an acceleration in sales, margin expansion, and a valuation re-rating. By Anusuya…
Nokia Expects Its Turnaround to Continue in 2022
HELSINKI—Finnish telecoms equipment maker Nokia on Tuesday gave its first guidance for 2022, easing investors’ concerns over the impact the global chip shortage may have had on its operations. Nokia said it expected a comparable operating margin of 11–13.5 percent in 2022, sending its shares up 2.8 percent in the morning trade following the announcement….
Nokia Is Breaking Out: Where’s It Headed Next?
Nokia Corp. shares are trading higher Thursday and look to be breaking out of a technical pattern. Resistance in the pattern has been broken and Nokia is pushing higher. The stock was trending on social media sites throughout the day Thursday. Nokia was up 2.30 percent at $6 Thursday afternoon at publication. Nokia Daily Chart…
Nokia Aims for Cloud-Based Software Subscription Service
Nokia aims to launch a cloud-based software subscription service targeting telecom companies for providing software around analytics, security, and data management. Nokia will offer some of its software portfolios under subscription from 2021, and more will be commercially available in early 2022. A cloud-based software platform can cut costs, make it convenient to deploy and…
Nokia to Cut up to 10,000 Jobs Over Next Two Years
STOCKHOLM—Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden’s Ericsson and China’s Huawei. After taking over the top job last year, Chief Executive Pekka Lundmark has been making…
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