Nokia Corporation (NYSE:NOK) Financial Overview and Market Position

• Nokia Corporation (NYSE:NOK) has initiated a share buyback program to repurchase 150 million shares.
• The buyback program aims to mitigate the dilutive effects of new shares and share-based incentives, with a maximum expenditure of EUR 900 million.
• Nokia's recent financial performance has been strong, with earnings per share of $0.19 and revenue of approximately $6.24 billion.

Nokia Corporation (NYSE:NOK) is a global leader in telecommunications, information technology, and consumer electronics. The company is known for its innovative solutions in mobile networks, digital health, and more. Nokia competes with other major players like Ericsson and Huawei in the telecommunications industry. On February 10, 2025, Nokia announced a share buyback program to repurchase 150 million shares, aiming to mitigate the dilutive effects of new shares issued to Infinera Corporation shareholders and certain share-based incentives.

The buyback program, which started on November 25, 2024, is set to conclude by December 31, 2025, with a maximum expenditure of EUR 900 million. On February 10, 2025, Nokia executed transactions worth EUR 6.6 million, increasing its treasury shares to approximately 243.7 million. This initiative is conducted in compliance with the Market Abuse Regulation (EU) 596/2014 and other relevant regulations, under the authorization granted by Nokia’s Annual General Meeting on April 3, 2024.

Nokia's financial performance has been strong, as evidenced by its recent earnings report on January 30, 2025. The company reported earnings per share of $0.19, surpassing the estimated $0.14. Additionally, Nokia's revenue reached approximately $6.24 billion, exceeding the estimated $4.40 billion. This positive financial performance supports the company's strategic initiatives, including the share buyback program.

Currently, Nokia's stock is priced at $4.99, reflecting a 1.73% increase with a price change of $0.085. The stock has fluctuated between a low of $4.88 and a high of $4.99 today, with $4.99 marking its highest price over the past year. Nokia's market capitalization stands at approximately $26.79 billion, with a trading volume of 18.35 million shares. Over the past year, the stock has seen a low of $3.29, indicating a significant recovery in its stock price.

• Nokia Corporation (NYSE:NOK) announced a share buyback program to mitigate the dilutive effects of new shares, planning to repurchase 150 million shares for a maximum of €900 million.
• The company reported earnings per share of $0.19 and actual revenue of approximately $6.23 billion, surpassing estimates and highlighting its strong financial health.
• Despite a positive earnings report, Nokia's stock price has experienced some volatility, currently standing at $4.65, with a year's fluctuation between $4.95 and $3.29.

Nokia Corporation, listed on the NYSE:NOK, is a global leader in telecommunications and consumer electronics. The company is known for its network infrastructure, technology services, and licensing. Nokia competes with other major players like Ericsson and Huawei in the telecommunications industry. Recently, Nokia announced a share buyback program to manage the dilutive effects of new shares issued.

The buyback program, initiated by Nokia's Board of Directors, aims to repurchase 150 million shares with a maximum aggregate purchase price of €900 million. This move is designed to counteract the dilution from shares issued to Infinera Corporation shareholders and share-based incentives. As of January 29, 2025, Nokia executed transactions worth €3.78 million, holding 234.29 million treasury shares.

Nokia's financial performance has been strong, as highlighted by its recent earnings report on January 30, 2025. The company reported earnings per share of $0.19, surpassing the estimated $0.14. Additionally, Nokia's actual revenue of approximately $6.23 billion exceeded the estimated $4.40 billion, showcasing its robust financial health.

Despite the positive earnings report, Nokia's stock price is currently $4.65, reflecting a decrease of 1.17% or $0.055. The stock has fluctuated between a low of $4.61 and a high of $4.71 during the trading day. Over the past year, Nokia's stock has reached a high of $4.95 and a low of $3.29, indicating some volatility in its market performance.

Nokia's market capitalization stands at approximately $25.29 billion, with a trading volume of 15.76 million shares today. The share buyback program, conducted in compliance with EU regulations, is managed by BofA Securities Europe SA on behalf of Nokia. This strategic move aims to enhance shareholder value and stabilize the company's stock performance.

• Nokia Corporation (NYSE:NOK) accelerates its share buyback program, aiming to repurchase up to €600 million worth of shares to return value to shareholders.
• The company's stock received a positive outlook from Danske Bank, upgrading from Hold to Buy, reflecting confidence in Nokia's financial strategies and market position.
• Nokia declared a dividend of approximately $0.0346, with a record date and payment date on October 22, 2024, and November 5, 2024, respectively, as part of its commitment to returning value to its shareholders.

Nokia Corporation (NYSE:NOK) is a global leader in telecommunications, information technology, and consumer electronics. The company is known for its innovative solutions in mobile networks, digital health, and virtual reality. Nokia competes with other major players like Ericsson and Huawei in the telecommunications industry. On October 22, 2024, Nokia announced a share buyback program to repurchase its own shares, aiming to return up to €600 million to shareholders over two years.

The share buyback program, which began on March 20, 2024, was accelerated on July 19, 2024, to increase the number of shares repurchased within the year. This initiative is conducted in compliance with EU regulations and authorized by Nokia’s Annual General Meeting. On October 22, 2024, Nokia executed transactions amounting to €8.4 million, resulting in the company holding 180.2 million treasury shares. BofA Securities Europe SA manages the buyback program on behalf of Nokia.

In addition to the buyback program, Nokia's stock received a positive outlook from Danske Bank, which upgraded its stock grade from Hold to Buy on October 18, 2024. At the time of the upgrade, the stock price was $4.73. This upgrade reflects confidence in Nokia's financial strategies and market position. As of October 22, 2024, Nokia's stock price on the NYSE is $4.79, showing an increase of 2.35% or $0.11.

Nokia also declared a dividend of approximately $0.0346 on October 22, 2024, with a record date on the same day. Shareholders can expect the dividend payment on November 5, 2024. This dividend declaration, initially made on January 26, 2024, is part of Nokia's commitment to returning value to its shareholders. The company's market capitalization is approximately $26.12 billion, with a trading volume of 14.3 million shares.

Nokia (NYSE:NOK) shares rose more than 3% pre-market today despite the company's announcement of a Q1 profit that was smaller than expected, affected by subdued demand for 5G equipment in North America and India.

The Finnish telecommunications equipment maker recorded a first-quarter operating profit of 597 million euros, up from 479 million euros the previous year. However, this was below the 663 million euros analysts had projected.

Earnings per share for the first quarter were 0.09 euros, slightly above the consensus estimate of 0.08 euros. Revenue for the quarter was reported at 4.67 billion euros, falling short of expectations of 5.41 billion euros.

Despite the revenue shortfall, Nokia saw a significant improvement in its comparable gross margin, which increased to 48.6% from 37.7% in the same quarter last year.

The Mobile Networks segment, which includes 5G equipment, saw a 37% drop in sales when adjusted for currency effects. Nokia described this quarter as the lowest point of the year and expects sales to rebound for the remainder of 2024.

Nokia maintained its January guidance, predicting a comparable operating profit for 2024 to be between 2.3 billion and 2.9 billion euros.

Nokia (NYSE:NOK) announced preliminary results for the Q2 that were below expectations, leading to a more than 8% decline in its shares on Friday.

Nokia anticipates Q2 sales of 5.7 billion euros, falling short of the Street estimate of 6 billion euros. The company also expects a comparable operating profit margin of 11%.

Consequently, Nokia has revised its full-year sales forecast to a range of 23.2-24.6 billion euros, which is lower than the previously anticipated range of 24.6-26.2 billion euros. The outlook for the comparable operating margin range has also been narrowed to 11.5-13%, compared to the previous range of 11.5-14%.

In an update, Nokia explained that these adjustments primarily pertain to its Network Infrastructure and Mobile Networks business groups. The company attributed the weaker demand outlook for the latter half of the year to a combination of macroeconomic factors and customers' inventory management. Customer spending plans have been increasingly affected by high inflation and rising interest rates, leading to delays in certain projects, notably in North America, which is now expected to occur in 2024.

Nokia (NYSE:NOK) announced preliminary results for the Q2 that were below expectations, leading to a more than 8% decline in its shares on Friday.

Nokia anticipates Q2 sales of 5.7 billion euros, falling short of the Street estimate of 6 billion euros. The company also expects a comparable operating profit margin of 11%.

Consequently, Nokia has revised its full-year sales forecast to a range of 23.2-24.6 billion euros, which is lower than the previously anticipated range of 24.6-26.2 billion euros. The outlook for the comparable operating margin range has also been narrowed to 11.5-13%, compared to the previous range of 11.5-14%.

In an update, Nokia explained that these adjustments primarily pertain to its Network Infrastructure and Mobile Networks business groups. The company attributed the weaker demand outlook for the latter half of the year to a combination of macroeconomic factors and customers' inventory management. Customer spending plans have been increasingly affected by high inflation and rising interest rates, leading to delays in certain projects, notably in North America, which is now expected to occur in 2024.