Nokia (NYSE:NOK) Sees Large Volume Increase on Better-Than-Expected Earnings

Nokia Corporation (NYSE:NOK) shares saw an uptick in trading volume on Thursday following a better than expected earnings announcement. Approximately 54,556,161 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 80,530,250 shares.The stock last traded at $9.9320 and had previously closed at $10.28.

The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Nokia had a net margin of 4.02% and a return on equity of 9.05%. The firm had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the company earned $0.04 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia said Q2 sales rose on a constant-currency basis, with Network Infrastructure up 12% and AI & Cloud customer sales surging 105%, highlighting strong demand tied to data-center and AI spending. Nokia Corporation Report for Q2 and Half Year 2026
• Positive Sentiment: The company beat quarterly EPS estimates at $0.08 versus $0.07 expected and raised its full-year profit outlook, suggesting management sees momentum continuing. Nokia Q2 profit beat on AI demand
• Positive Sentiment: Management said AI and cloud order intake reached €2.8 billion in the quarter and sales in that segment more than doubled, reinforcing the bullish AI narrative around the stock. Nokia says AI, cloud boosted sales in second quarter
• Neutral Sentiment: Nokia also provided recast financial information after reclassifying some businesses as discontinued operations; this is mainly an accounting presentation change and is unlikely to be a direct driver of the stock. Nokia provides recast comparative financial information reflecting the presentation of Fixed Wireless Access CPE and Enterprise Campus Edge businesses as discontinued operations
• Neutral Sentiment: Separately, Nokia and NestAI unveiled AI-enabled command-and-control tools for deployable 5G defense networks, an incremental technology win but not likely a major near-term earnings driver. Nokia (HLSE:NOKIA) Delivers AI Led Defense Control For Deployable 5G Networks

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NOK. Danske raised Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Barclays reiterated an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Northland Securities set a $20.00 price target on shares of Nokia in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Finally, Bank of America raised shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a report on Monday, April 13th. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.57.

Institutional Trading of Nokia

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of Nokia by 248.7% during the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after buying an additional 2,721 shares during the last quarter. Wexford Capital LP acquired a new position in Nokia in the third quarter valued at approximately $29,000. FNY Investment Advisers LLC boosted its stake in Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after acquiring an additional 4,684 shares during the last quarter. Dorato Capital Management acquired a new stake in Nokia during the 4th quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Nokia during the 3rd quarter worth $34,000. 5.28% of the stock is owned by institutional investors.

Nokia Stock Down 3.7%

The firm’s 50-day simple moving average is $13.56 and its 200 day simple moving average is $10.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.57. The company has a market cap of $56.87 billion, a P/E ratio of 61.90, a PEG ratio of 1.51 and a beta of 1.17.

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.