Will Nokia stock keep going 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).
Will Nokia stock come back?
The Nokia stock forecast 2022 is a bullish one, which rides on the back of the latest 2021 guidance by the company that exceeds its previous targets, the 4th quarter earnings that beat estimates, the restart of dividend payments, and the strong imprint the company is making in the deployment of 5G technology.
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 dropping?
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.
How is Nokia doing in 2021?
Nokia estimated a full-year 2021 comparable operating margin of 12.4-12.6%, above its previous guidance of 10-12%, and net sales of 21.7-22.7 billion euros, within its previously announced range. The company said its underlying business performed largely as expected in the fourth quarter.
Should I buy Nokia stock 2021?
Though Nokia had some major mistakes in the past few years, its business is back on track with the expansion of the 5G sector. Moreover, it is expected to be profitable as well, with expected 2021 earnings per share of 39 cents, and NOK stock is trading at just 1.2 times forward sales.
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 a 5G stock?
Now Might Be the Time to PlugIn to the Stock. Nokia has had a tough few years, but the Finnish telecom giant has successfully engineered the first part of its turnaround, and now is primed to gain market share in next-generation 5G networks.
What does Nokia's future look like?
Nokia reported solid earnings for the third quarter of 2020, with revenue rising from $5.99 billion in the third quarter of 2020 to $6.1 billion in the third quarter of 2021. The company's gross margins rose from 37.1% to 40.7%. Its operating margin improved to 9.3% from 6.6%.
Who is buying Nokia?
MicrosoftToday marks the anniversary of Microsoft buying Nokia's phone unit in 2013, in a deal valued at €5.4 billion (over $7 billion) at the time. It was a major moment in mobile history, as Nokia was a pioneer in the industry and the acquisition gave Microsoft access to a ton of related patents and expertise.
Is Nokia a good dividend stock?
NOK pays a dividend of $0.02 per share. NOK's annual dividend yield is 0.41%. NOKIA's dividend is lower than the US industry average of 2.34%, and it is lower than the US market average of 3.4%.
Does Nokia have a dividend?
Nokia also proposed a dividend, suspended since 2019, of 8 euro cents per share for 2021, and start a share buyback scheme of 600 million euros. Nokia predicted its 2022 revenue will amount to between 22.6 billion euros and 23.8 billion euros ($25.5 billion-$26.9 billion), up from 22.2 billion last year.