Should you buy NOK stock?
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell ... Consensus EPS estimate remained stagnant. Nokia is currently a Zacks Rank #3 (Hold). Valuation is also important, so investors should note that Nokia has a Forward P/E ...
How to buy Nokia stock?
Just follow these five easy steps:
- find a broker
- open your account
- fund the account
- buy the share
- review your position
What to expect from Nokia earnings?
2, 2021, 03:01 PM
- Nokia reveals earnings for the most recent quarter on February 4.
- Analysts expect Nokia will report earnings per share of $0.132.
- Track Nokia stock price in real-time ahead here.
What is the market share of Nokia?
Nokia feature phones held around 16% market share while Nokia smartphones accounted for only 0.7% of market share globally. Overall, Nokia handset market share in Q4 2020 stood at a little over 3%. This means that only 2.77 million Nokia smartphones were shipped in Q4 2020 taking into account the CounterPoint report.
Is Nokia stock a good buy right now?
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.
Why is Nokia stock jumping?
Nokia stock was trading higher Thursday after the communications infrastructure company posted better-than-expected second-quarter results and boosted its full-year outlook.
Will Nokia stock ever go up?
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).
Why Nokia is a good investment?
Nokia sales are up just 6% in constant currency through the first nine months of 2021. Operating profit is up 82%, even accounting for restructuring changes. The third quarter numbers were termed stronger-than-expected . Profits from both mobile and wired infrastructure equipment are lagging, according to the report.
Is Nokia a good stock to buy Reddit?
There are some excellent stocks recommended by Reddit. One of the best examples is Nokia (NYSE:NOK) stock, which is up 30% in the last three months.
Why is Nokia going down?
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.
Is Nokia investing in 5G?
The company unveiled a wide-ranging restructuring last March, resetting its cost base to invest in 5G and cloud and digital infrastructure. Since then, Nokia has enjoyed a string of earnings beats, the latest of which came with the resumption of its quarterly dividend and the launch of a share-buyback program.
What is the prediction for Nokia stock?
On average, Wall Street analysts predict that NOKIA's share price could reach $7.52 by Apr 29, 2023. The average NOKIA stock price prediction forecasts a potential upside of 49.15% from the current NOK share price of $5.04.
What is Nokia stock future?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for Nokia Oyj have a median target of 6.47, with a high estimate of 8.41 and a low estimate of 5.52. The median estimate represents a +28.33% increase from the last price of 5.04.
Is Nokia worth buying in 2021?
Update 5 August 2021 Nokia 8.1 still is a good smartphone if you can get under Rs 15,000 because it has a clean stock UI and a good processor which is rare these days....Is it worth buying a Nokia 8.1 in 2021.SpecificationNokia 8.1ChipsetQualcomm Snapdragon 710GPUAdreno 616Processor64-bit Octa-core ProcessorBattery3500 mAh9 more rows
Should I buy Nokia stock 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).
Is Nokia bullish?
Experts are bullish on Nokia stock. Based on 8 analyst reports, consensus price target currently sits at $7.22 per share, representing 25% upside potential at last check. NOK has a moderate buy recommendation: 5 analysts rate the stock a buy, and 3 are neutral.
About Nokia
Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Networks, Nokia Software, Nokia Technologies, and Group Common and Other. The Networks segment comprises mobile networks, services, fixed networks, and optical networks.
Nokia (NYSE:NOK) Frequently Asked Questions
15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nokia in the last twelve months. There are currently 3 hold ratings and 12 buy ratings for the stock.
The company's second-quarter results outpaced expectations
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of Nokia ( NYSE:NOK) were climbing today after the company reported better-than-expected results in the second quarter. Nokia's shares jumped by more than 11% during morning trading.
So what
Investors were pleased to see that Nokia's net profit increased by 21% in the second quarter to 311 million euros ($367 million). That figure easily beat Wall Street's consensus estimate of 138 million euros in net profit. Nokia's nondiluted earnings per share of 0.06 euros in the second quarter was up from 0.05 euros in the year-ago quarter.
Now what
Nokia raised its full-year 2020 earnings guidance as a result of its second-quarter results. The company now expects EPS of 0.25 euros at the midpoint, up from the previous guidance of 0.23 euros. If the company meets its earnings guidance, it would be a significant improvement from the 0.03 euro loss per share in the second quarter of 2019.
What is Nokia's business?
Nokia (NYSE:NOK) is a leading firm in the telecommunications equipment industry. Its network business garners revenue from selling wireless and fixed-line hardware, software and services. Nokia’s technology segment licenses its patents to handset manufacturers and makes royalties from Nokia-branded cellphones.
Who won the first 5G contract in China?
UPDATE 1-Nokia wins first 5G radio contract in China, Ericsson loses ground. Nokia on Monday won its first 5G radio contract in China, securing a share in one of China Mobile's three new 5G contracts, while Nordic rival Ericsson lost market share after getting caught up in a political spat.
Is Nokia a 5G underdog?
Considered a 5G underdog after betting on the wrong type of chips and losing a multi-billion Verizon contract to Samsung, Nokia has more recently been gaining ground on arch-rival Ericsson, even as both benefit from U .S. pressure on European governments to crackdown on China's Huawei.
Is Nokia a 5G company?
Amid drastic changes to its business, Nokia ( NYSE: NOK) continues to attract investor attention. Once the leading maker of mobile phones, it has redefined itself as a telecom equipment stock in the 5G era.
NOK Stock and the Fundamentals
Admittedly, when I saw Brumley’s contribution towards Nokia stock, I only read the headlines. But it was enough of a catchy one that I decided to look at the price chart before reading what my colleague had to say.
Nokia Stock Is an Interpretive Artwork
In my last article about NOK stock, I suggested that it was nothing more than a short-term trade. Largely, I feel the same way because of the lack of rationality in the market.
