Northland Securities Expects Increased Earnings for Nokia

Nokia Corporation (NYSE:NOK) – Northland Securities upped their FY2026 earnings estimates for Nokia in a report released on Friday, October 23rd. Northland Securities analyst T. Savageaux now anticipates that the technology company will post earnings per share of $0.42 for the year, up from their prior estimate of $0.40. The consensus estimate for Nokia’s current full-year earnings is $0.40 per share. Northland Securities also issued estimates for Nokia’s Q4 2026 earnings at $0.17 EPS, Q1 2027 earnings at $0.09 EPS, Q2 2027 earnings at $0.11 EPS, Q3 2027 earnings at $0.12 EPS, Q4 2027 earnings at $0.18 EPS and FY2027 earnings at $0.50 EPS.

Nokia (NYSE:NOK) last announced its quarterly earnings data on Thursday, October 22nd. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Nokia’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share.

Several other analysts also recently weighed in on NOK. Danske upgraded Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. cut their price objective on Nokia from $21.00 to $20.50 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Jefferies Financial Group restated a “buy” rating on shares of Nokia in a research note on Tuesday, September 29th. Sanford C. Bernstein reiterated a “neutral” rating on shares of Nokia in a research report on Thursday, July 23rd. Finally, UBS Group reiterated a “neutral” rating on shares of Nokia in a report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Nokia currently has an average rating of “Moderate Buy” and an average price target of $13.41.

Nokia Stock Performance

Shares of NOK stock opened at $8.90 on Monday. The business has a fifty day moving average of $10.04 and a 200 day moving average of $10.20. Nokia has a 1 year low of $5.86 and a 1 year high of $17.45.

Hedge Funds Weigh In On Nokia

Several institutional investors and hedge funds have recently modified their holdings of NOK. Jackson Square Capital LLC acquired a new position in Nokia in the 3rd quarter worth about $2,392,000. SummitTX Capital L.P. increased its position in shares of Nokia by 219.4% in the first quarter. SummitTX Capital L.P. now owns 245,559 shares of the technology company’s stock valued at $1,974,000 after buying an additional 168,688 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Nokia in the first quarter valued at approximately $9,634,000. Amundi purchased a new stake in shares of Nokia in the first quarter valued at approximately $1,120,000. Finally, Legacy Wealth Asset Management LLC acquired a new position in shares of Nokia during the 3rd quarter worth approximately $1,359,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Strong optical and IP outlook: Nokia is guiding for approximately 25%–30% growth in its optical and IP network business in 2027. New design wins, manufacturing expansion, operating leverage and the integration of Infinera could support margin improvement and make the stock’s valuation more attractive. Nokia: Stronger Optical And IP Outlook Makes The Pullback Attractive
• Positive Sentiment: Five-year India engineering agreement: Nokia retained L&T Technology Services to support engineering and R&D activities in India. The deal strengthens Nokia’s local technology base and supports its longer-term AI infrastructure strategy. Nokia Retains L&T Technology Services to Support R&D in India
• Positive Sentiment: AI-RAN deployment milestone: Nokia and O2 completed what they described as the first live deployment of 5G AI-RAN in the United Kingdom at O2’s London Paddington site. The project provides commercial validation for Nokia’s AI-enabled network technology, although broader customer adoption remains important. O2 and Nokia claim first live deployment of 5G AI-RAN in UK
• Positive Sentiment: Additional strategic opportunities: Nokia’s partnership with ICEYE to explore a sovereign satellite communications network for Ukraine could open a new government and defense-related growth avenue. Northland Securities also raised its earnings estimates, adding further support to the bullish view. Nokia and ICEYE Partner With Ukraine on Sovereign Satellite Communication
• Negative Sentiment: Near-term cash-flow pressure: Nokia expects weaker near-term cash flow as it invests in working capital and restructuring. While management views these actions as supporting long-term growth and profitability, they could limit near-term investor enthusiasm.
• Neutral Sentiment: AI-RAN execution remains a key test: Commentary indicates Nokia needs more large-scale AI-RAN contracts beyond its current deployments. The O2 milestone is encouraging, but the financial impact will depend on converting demonstrations and initial deployments into substantial orders. Nokia badly needs big AI-RAN deals

Nokia Company Profile

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.