Nokia (NYSE:NOK) Trading Down 7.2% – Here’s Why

Shares of Nokia Corporation (NYSE:NOK) were down 7.2% on Thursday . The stock traded as low as $10.47 and last traded at $10.4450. 36,538,003 shares were traded during trading, a decline of 54% from the average daily volume of 79,398,328 shares. The stock had previously closed at $11.25.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia launched what it calls the industry’s first commercial AI-RAN platform and expanded its 5G partnership with Taiwan Mobile, which could boost network capacity, automation, and energy efficiency while creating a new revenue opportunity. Nokia Launches AI RAN Platform And Expands Taiwan Mobile 5G Deal
• Positive Sentiment: Retail traders remain upbeat about Nokia’s AI-RAN strategy, its Nvidia partnership, and cloud-related growth, suggesting the stock still has a strong speculative support base despite recent weakness. NOK Stock Faces Worst Week In 5 Years – But Retail Traders Are Not Giving Up On Nokia’s AI RAN Technology Push
• Positive Sentiment: Multiple reports highlighted Nokia’s Nvidia-powered AI networking push and argued it could power the next leg higher in NOK if the company can convert the technology story into real revenue growth. Nokia’s AI Bet Just Got Bigger: Its Nvidia Partnership Could Power the Next Leg Higher in NOK Stock
• Neutral Sentiment: Analyst-style comparisons versus Ciena also kept attention on Nokia’s AI networking exposure, but these pieces were more evaluative than catalyst-driven and do not appear to change the near-term outlook by themselves. Ciena vs. Nokia: Which AI Networking Stock Is the Better Buy?
• Neutral Sentiment: Nokia confirmed it will publish its second-quarter and half-year 2026 report on July 23, keeping investors focused on whether the AI and networking momentum is showing up in financial results. Nokia to publish second-quarter and half-year 2026 financial report on 23 July 2026
• Negative Sentiment: The stock has seen a sharp recent selloff, and the “worst week in 5 years” framing suggests investors are still worried that Nokia’s AI story may take time to translate into earnings and sustained share-price recovery. NOK Stock Faces Worst Week In 5 Years – But Retail Traders Are Not Giving Up On Nokia’s AI RAN Technology Push

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Argus raised shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, April 27th. The Goldman Sachs Group raised shares of Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Morgan Stanley restated an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Bank of America raised shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a research report on Monday, April 13th. Finally, Northland Securities set a $20.00 price target on shares of Nokia in a research note on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Nokia presently has an average rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia Price Performance

The stock has a market cap of $58.17 billion, a price-to-earnings ratio of 63.32, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. The company has a 50-day simple moving average of $13.77 and a two-hundred day simple moving average of $10.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.57.

Nokia (NYSE:NOK) last announced its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The company had revenue of $5.21 billion for the quarter. As a group, equities research analysts forecast that Nokia Corporation will post 0.4 EPS for the current year.

Institutional Trading of Nokia

A number of large investors have recently added to or reduced their stakes in NOK. Analog Century Management LP bought a new stake in shares of Nokia in the fourth quarter valued at approximately $104,244,000. QRG Capital Management Inc. increased its stake in Nokia by 34.6% during the 4th quarter. QRG Capital Management Inc. now owns 539,926 shares of the technology company’s stock worth $3,493,000 after acquiring an additional 138,935 shares during the period. Pzena Investment Management LLC raised its holdings in Nokia by 14.5% in the 4th quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after acquiring an additional 11,612,590 shares in the last quarter. TrueMark Investments LLC acquired a new position in Nokia in the 4th quarter valued at $2,237,000. Finally, Miller Global Investments LLC bought a new stake in shares of Nokia during the 4th quarter valued at $1,405,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.