why is nokia stock falling

by Mrs. Leanna Dickens Jr. Published 3 years ago Updated 2 years ago

Nokia stock is likely to slump today following its latest financial report. Key to a meaningful recovery will be for Nokia to beat analyst expectations for its quarterly revenue and earnings per share (EPS), and to demonstrate that it is truly able to compete in the global 5G wireless market.Feb 3, 2022

Why is Nokia stock trending lower today?

Feb 03, 2022 · Year to date, NOK stock is down 6.5% at $5.82 a share, and is barely keeping its head above the $5 penny stock threshold. Why It Matters. Nokia, which suspended its dividend in 2019 even before ...

Why did Nokia’s revenues fall 2% in Q4?

Oct 29, 2020 · Nokia ( NOK -1.29% ) reported its third-quarter 2020 earnings Thursday, and in late morning trading the stock is getting clobbered -- down …

Will the chip shortage end sooner than expected for Nokia?

The stock price fell due to disappointing undershooting of the guidance targets. Also, it fell in the Helsinki trade because Credit Suisse downgraded Nokia to neutral from outperform. Credit Suisse lowered Nokia’s target price to 3.85 euros from 5.70 euros.

Will NOK stock gain on a resolution to the chip crisis?

Apr 24, 2022 · finance.yahoo.com - May 2 at 12:40 PM. Nokia Oyj (NYSE:NOK) Price Target Cut to €6.10. americanbankingnews.com - May 1 at 6:22 AM. Nokia Oyj (NYSE:NOK) Price Target Cut to €5.80. americanbankingnews.com - May 1 at 4:12 AM. Nokia Oyj (NYSE:NOK) Downgraded by TheStreet. americanbankingnews.com - May 1 at 1:20 AM.

Why is Nokia stock dropping?

Its revenues were hurt by the fact that longtime-customer Verizon (NYSE:VZ) awarded a multibillion-dollar 5G wireless contract to rival Samsung in the quarter. Nokia has struggled with its global rollout of fifth-generation (5G) wireless networks, which has prompted several management changes at the company.Feb 3, 2022

Is Nokia stock a good investment?

NOK is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 11.97, while its industry has an average P/E of 14.25. Over the past 52 weeks, NOK's Forward P/E has been as high as 19.46 and as low as 10.89, with a median of 15.24.Apr 20, 2022

Is Nokia stock projected to go up?

Stock Price Forecast

The 26 analysts offering 12-month price forecasts for Nokia Oyj have a median target of 6.83, with a high estimate of 8.00 and a low estimate of 5.70. The median estimate represents a +24.79% increase from the last price of 5.47.

Is Nokia undervalued stock?

Nokia Stock: Looks Undervalued Despite High Competition.Feb 22, 2022

Is Nokia a good long term hold?

Nokia wrapped up another strong quarter highlighted by decent revenue and margin growth. Though its supply chain issues may impact its fourth-quarter performance, it should perform exceedingly well in the long term.Nov 3, 2021

Is Nokia a buy or sell?

Nokia Oyj has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 14 buy ratings, 2 hold ratings, and no sell ratings.

Is Nokia a good stock to buy 2022?

Jefferies has started coverage of Nokia (NOK +0.6%) at a Buy, expecting a strong year for European telecom equipment even with some pressure easing off global wireless spending further in the future.Mar 17, 2022

Will Nokia pay a dividend in 2022?

On 28 April 2022, the Board resolved to distribute a dividend of EUR 0.02 per share. The dividend record date is on 3 May 2022 and the dividend will be paid on 12 May 2022. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

Will Nokia pay dividends in 2021?

Nokia, which suspended its dividend in 2019 even before the Covid-19 pandemic, said it will now provide shareholders with 8 euro cents per share for 2021.Feb 3, 2022

Is Nokia a good stock to buy 2021?

Many may see Nokia's (NYSE:NOK) strong performance during 2021 and chalk it up entirely to its association to the “meme stocks” trend. This investing phenomenon could have played a role in some of its wilder moves last year (it's not for certain).Jan 6, 2022

Is BlackBerry still a good buy?

As per TipRanks' analysts rating consensus, BlackBerry is a Moderate Sell. Out of 5 analyst ratings, there are 2 Hold and 3 Sell recommendations. The average Blackberry price target is $9.23. Analyst price targets range from a high of $10 per share to a low of $7.57 per share.Nov 14, 2021

Is Nokia a meme stock?

Around one year ago to the day, Nokia (NOK) - Get Nokia Oyj Report joined the select group of meme stocks. In a matter of days in January 2021, Nokia stock rallied from $3.87 to $6.55, nearly doubling in value for not enough of a business fundamental reason.Jan 26, 2022

Investors react poorly to an earnings miss and reduced guidance

What happened

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.

So what

Oof! That hurts. Nokia ( NYSE:NOK) reported its third-quarter 2020 earnings Thursday, and in late morning trading the stock is getting clobbered -- down 19.5% as of 11:30 a.m. EDT.

Now what

Year over year, Nokia's sales declined 7%, with revenue declining 7% in the company's flagship networks division, falling 8% in Nokia technologies, and 14% in Nokia software. The news wasn't all bad, though.

The Q3 report points to the 5G network as the main problem

Updating its financial guidance through the end of the year, Nokia now projects that it will end fiscal 2020 with profits of somewhere between 20 and 26 euro cents ($0.23 to $0.30). The bad news is that this latest guidance is about 10% below what Nokia had previously forecast.

Are there better times for Nokia stock?

The company’s revenue rose 4% to $6.31 billion. Adjusted earnings lowered from $0.06 to $0.05 per American depositary receipt. Nokia also cut its earnings guidance by 22%. The reason behind, as the report declares, are the growing costs of keeping the company competitive in 5G business.

Nokia Media Sentiment

Well, the company made all these moves with an explanation that Nokia has the goal: huge capital investments into 5G networking. That could be a good hunch. But, on the other hand, Nokia may place a big bet, bigger than the company can afford at this time.

Media Coverage

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

Nokia (NYSE NOK) News Headlines Today

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

Nokia's Patent Claim

Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.

Opportunity

Last month, the International Trade Commission started an investigation in Nokia’s patent infringement against Lenovo ( OTCPK:LNVGY ). In the second quarter, patent licensing revenue for Nokia Technologies fell by 11%. Gross and operating margins remained steady in the last year.

Price Target

Nokia has existing licensing agreements that will keep IP revenue stable. Its research and development investment will pay off in the medium term. As the telecom industry transitions to 5G, Nokia’s IP revenue may grow from patent renewals.

What is O-RAN in Nokia?

Analysts did not issue any report updates on Nokia in the last month. Four of the seven analysts rate the stock as a “buy.” The average price target suggests the stock has 14.29% in upside left:

Is O-RAN a good idea?

O-RAN is an open on-ramp between your smartphone and the mobile network.

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