Nokia (NYSE:NOK) Shares Down 7.2% – Here’s What Happened

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

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia unveiled its first commercial AI-native RAN platform with Nvidia, a development that could strengthen its position in next-generation telecom networks and support long-term AI-related growth. Nokia defines the next era of radio with the industry’s first AI-native RAN platform
• Positive Sentiment: Nokia also announced an expanded 5G agreement with Taiwan Mobile, reinforcing demand for its network gear and showing continued traction in carrier upgrades tied to AI and advanced 5G services. Nokia to support Taiwan Mobile’s AI push with expanded 5G agreement
• Neutral Sentiment: Nokia said it will publish second-quarter and first-half 2026 results on July 23, keeping attention on whether recent AI and networking wins are translating into revenue and margin improvement. Nokia to publish second-quarter and half-year 2026 financial report on 23 July 2026
• Neutral Sentiment: Analysts continue to frame Nokia as an AI-networking beneficiary alongside peers like Ciena, but some commentary suggests the market is already valuing in strong AI momentum, which may limit near-term upside before earnings. Ciena vs. Nokia: Which AI Networking Stock Is the Better Buy?
• Negative Sentiment: With Nokia’s recent rally driven by AI optimism, investors may be taking profits and waiting for the upcoming quarterly report to confirm that growth is durable and not just sentiment-driven. Nokia: Q2 Needs To Justify The AI Revaluation

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NOK shares. Arete Research raised Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Bank of America upgraded shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a research note on Monday, April 13th. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Argus raised shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, April 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia Stock Performance

The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $10.12. The firm has a market capitalization of $59.00 billion, a price-to-earnings ratio of 64.22, a PEG ratio of 1.66 and a beta of 1.17.

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

Institutional Trading of Nokia

Several large investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Nokia by 248.7% in the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after acquiring an additional 2,721 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Nokia in the third quarter valued at about $29,000. FNY Investment Advisers LLC grew its position in shares of 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 purchasing an additional 4,684 shares during the last quarter. Dorato Capital Management purchased a new position in shares of Nokia during the 4th quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Nokia during the third quarter worth $34,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Company Profile

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.