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Nokia Corp ADR (NOK) Stock

Nokia Corp ADR Stock Details, Movements and Public Alerts

Nokia (NOK): The 5G and AI Network Infrastructure Provider With EUR 19.9 Billion Revenue and Infinera Acquisition

Nokia has evolved from a mobile phone brand into one of the world's largest network infrastructure companies, providing the hardware and software that powers 5G wireless networks, optical transport, IP routing, and cloud infrastructure. CEO Justin Hotard, who took over in 2025, acquired Infinera to strengthen Nokia's optical networking portfolio and announced a simplified operating model splitting the company into Network Infrastructure and Mobile Infrastructure from 2026. Full-year 2025 revenue reached EUR 19.9 billion with EUR 2.0 billion in operating profit. The company's fastest-growing segment is AI & Cloud customers, which accounted for 14% of Network Infrastructure revenue in Q3 with book-to-bill ratios above one. Cloud and Network Services grew 13% as operators invest in 5G Core. Nokia is positioning for the next technology cycle: AI-native networks that use machine learning to optimize traffic routing, security, and energy efficiency, with early investment in 6G standards.

52-Week Range

$8.66 - $3.97

-0.12% from high · +117.94% from low

Avg Daily Volume

70,795,643

Latest volume

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

63.38

Above market average

Forward P/E

23.26

Earnings expected to grow

PEG Ratio

0.84

Potentially undervalued

Price to Book

1.90

EV/EBITDA

16.81

EPS (TTM)

$0.13

Price to Sales

2.31

Beta

0.61

Less volatile than market

Q:How is NOK valued relative to its earnings and growth?
Nokia Corp ADR trades at a P/E ratio of 63.38, which is above the market average of approximately 20. This premium valuation suggests investors expect above-average growth or the company has competitive advantages justifying the higher multiple. Looking ahead, the forward P/E of 23.26 is lower than the current P/E, indicating analysts expect earnings to grow over the next year. The PEG ratio of 0.84 suggests the stock may be undervalued relative to its growth rate.
Q:What is NOK's risk profile compared to the market?
With a beta of 0.61, Nokia Corp ADR is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 1.90 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

3.27%

Operating Margin

13.00%

EBITDA

$2.44B

Return on Equity

3.05%

Return on Assets

2.50%

Revenue Growth (YoY)

2.40%

Earnings Growth (YoY)

-40.80%

Q:How profitable and efficient is NOK's business model?
Nokia Corp ADR achieves a profit margin of 3.27%, meaning it retains $3.27 from every $100 in revenue after all expenses. This relatively low margin suggests the company operates in a competitive environment or high-cost industry where profitability is challenging. The operating margin of 13.00% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 3.05% and ROA at 2.50%, the company achieves moderate returns on invested capital.
Q:What are NOK's recent growth trends?
Nokia Corp ADR's revenue grew by 2.40% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings decreased by 40.80% year-over-year, reflecting the bottom-line impact of business performance. These growth metrics should be evaluated against COMMUNICATION EQUIPMENT industry averages for proper context.

Dividend Information

Dividend Per Share

$0.14

Dividend Yield

1.72%

Ex-Dividend Date

Feb 3, 2026

Dividend Date

Feb 18, 2026

Q:What dividend income can investors expect from NOK?
Nokia Corp ADR offers a dividend yield of 1.72%, paying $0.14 per share annually. This modest yield below 2% suggests the company prioritizes growth investments over current income. While the dividend provides some return, investors are likely attracted more by capital appreciation potential than income generation. To receive the next dividend, shares must be purchased before the ex-dividend date of Feb 3, 2026.
Q:How reliable is NOK's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Nokia Corp ADR pays $0.14 per share in dividends against earnings of $0.13 per share, resulting in a payout ratio of 100.00%. This very high payout exceeding 90% raises sustainability concerns, as nearly all earnings go to dividends. Any earnings decline could force a dividend cut. The next dividend payment is scheduled for Feb 18, 2026.

Company Size & Market

Market Cap

$46.0B

Revenue (TTM)

$19.89B

Revenue/Share (TTM)

$3.67

Shares Outstanding

5.58B

Book Value/Share

$4.33

Asset Type

Common Stock

Q:What is NOK's market capitalization and position?
Nokia Corp ADR has a market capitalization of $46.0B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 5.58B shares outstanding, the company's ownership is widely distributed. As a participant in the COMMUNICATION EQUIPMENT industry, it competes with other firms in this sector.
Q:How does NOK's price compare to its book value?
Nokia Corp ADR's book value per share is $4.33, while the current stock price is $8.65, resulting in a price-to-book (P/B) ratio of 2.00. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$7.56

12.60% downside potential

Analyst Recommendations

Strong Buy

3

Buy

2

Hold

3

Sell

1

Strong Sell

1

Q:How reliable are analyst predictions for NOK?
10 analysts cover NOK with 50% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The mixed views reflect uncertainty about the outlook. The consensus target of $7.56 implies -12.6% downside, but targets are often adjusted to follow price moves rather than predict them.
Q:What is the Wall Street consensus on NOK?
Current analyst recommendations:3 Strong Buy, 2 Buy, 3 Hold, 1 Sell, 1 Strong Sell. The neutral stance suggests uncertainty or fair valuation at current levels.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Mar 15, 2026, 02:35 AM

Technical Indicators

RSI (14-day)

58.14

Neutral

50-Day Moving Average

$5.10

69.61% above MA-50

200-Day Moving Average

$4.64

86.42% above MA-200

MACD Line

0.08

MACD Signal

0.08

MACD Histogram

N/A

Neutral

Q:What does NOK's RSI value tell investors?
The RSI (Relative Strength Index) for NOK is currently 58.14, indicating the stock is in neutral territory (40-60 range). Neither buyers nor sellers have clear control, suggesting consolidation or balanced market forces. Combined with the price being above the 50-day moving average, this confirms bullish conditions.
Q:How should traders interpret NOK's MACD and moving average crossovers?
MACD analysis shows the MACD line at 0.08 below the signal line at 0.08, with histogram at 0.00. This bearish crossover indicates downward pressure. The narrow histogram suggests a potential trend change ahead. The 50-day MA ($5.10) is above the 200-day MA ($4.64), forming a golden cross pattern that typically signals a long-term uptrend. Price is currently above both MAs, confirming strength.

Indicators last updated: Jun 4, 2025, 12:53 AM

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Nokia (NOK) Stock Analysis 2025: Complete Investment Guide

From Mobile Phones to Network Infrastructure

Nokia sold its mobile phone business to Microsoft in 2014 and reinvented itself as a network infrastructure company. Today Nokia provides the radio access equipment, optical transport, IP routing, and software that telecom operators use to build 5G networks. The company also serves hyperscalers, data center operators, and enterprises that need high-performance networking for AI workloads.

CEO Justin Hotard simplified Nokia's structure into two segments starting 2026. Network Infrastructure covers optical networks, IP routing, and fixed access equipment. Mobile Infrastructure handles radio access networks (RAN) for 4G and 5G wireless. This streamlining eliminates overlapping organizations, reduces management layers, and allows each segment to focus on its specific customer base and technology roadmap.

AI and Cloud Customers: The Fastest-Growing Segment

Nokia's most significant growth driver is demand from AI and cloud customers. These are hyperscalers, data center operators, and cloud service providers that need high-bandwidth optical and IP networking to connect GPU clusters, data centers, and cloud regions. In Q3 2025, AI & Cloud customers represented 14% of Network Infrastructure net sales, and order intake maintained a book-to-bill ratio above one, meaning more orders are coming in than revenue is being recognized.

The Infinera acquisition strengthened Nokia's position in this market. Infinera specializes in optical transport systems for data center interconnects and long-haul fiber networks, exactly the infrastructure that AI training clusters need to move massive datasets between facilities. The combined optical portfolio gives Nokia a competitive offering against Ciena and Huawei in the high-capacity transport market.

Financial Performance

  • •FY2025 Revenue: EUR 19.9 billion, up 2% constant currency (3% reported)
  • •Q4 2025 Revenue: EUR 6.1 billion, up 3% year-over-year
  • •Operating Profit: EUR 2.0 billion, slightly above mid-point of guidance
  • •Cloud and Network Services: 13% net sales growth driven by 5G Core investment
  • •AI & Cloud Revenue: 6% of group sales, 14% of Network Infrastructure; book-to-bill above 1
  • •Infinera Acquisition: Completed in 2025; enhances optical networking portfolio

Growth Catalysts

  • •AI Data Center Networking: GPU clusters require high-bandwidth optical interconnects; Nokia's combined portfolio with Infinera addresses this growing demand
  • •5G Network Buildout: Global 5G deployment continues in India, Southeast Asia, and enterprise private networks; Nokia supplies radio and core network equipment
  • •Operating Model Simplification: Two-segment structure from 2026 reduces costs, improves accountability, and accelerates decision-making
  • •AI-Native Networks: Nokia is developing network software that uses machine learning to optimize routing, predict failures, and reduce energy consumption
  • •6G Research Leadership: Early investment in 6G standards positions Nokia for the next technology cycle expected in the early 2030s

Risks and Challenges

  • •Telecom Spending Cycles: Nokia's core customers are telecom operators whose capital spending fluctuates with economic conditions, regulatory decisions, and technology upgrade cycles
  • •Ericsson Competition: Ericsson is Nokia's primary competitor in mobile infrastructure; market share shifts between the two can impact revenue materially
  • •Huawei Restrictions: Huawei remains banned in many Western markets but dominates in Asia and Africa; any relaxation of restrictions could increase competitive pressure
  • •Infinera Integration: Merging Infinera's operations, technology, and sales teams carries execution risk and near-term cost
  • •OpenRAN Uncertainty: Open RAN standards could enable new competitors to enter the radio access market, potentially disrupting Nokia's traditional equipment business

Competitive Landscape

In mobile infrastructure, Nokia competes with Ericsson and Samsung. Ericsson is the closest competitor in scale and geographic presence. Samsung has gained share in the US market through aggressive pricing and partnerships with operators like Verizon. Huawei remains dominant in China and parts of Asia and Africa but is excluded from most Western markets due to security concerns.

In network infrastructure, Nokia competes with Ciena (optical networking), Juniper Networks (now part of HPE, IP routing), and Huawei. The Infinera acquisition positions Nokia as a stronger competitor against Ciena in data center interconnect and long-haul optical transport. In IP routing, Nokia's FP5-based routers compete with Juniper and Cisco for service provider and enterprise edge deployments.

Who Is This Stock Suitable For?

Perfect For

  • ✓Value investors seeking a low-multiple infrastructure technology company with EUR 2 billion in operating profit
  • ✓Those who believe AI data center networking demand will accelerate Nokia's growth beyond traditional telecom cycles
  • ✓Income-oriented investors attracted to Nokia's dividend and share buyback programs
  • ✓Investors who want exposure to 5G and network infrastructure without high-growth multiples

Less Suitable For

  • ✗Growth investors seeking rapid revenue expansion (Nokia grows in low single digits)
  • ✗Those who believe telecom capital spending will decline significantly as 5G deployment matures
  • ✗Investors uncomfortable with the cyclical nature of telecom equipment spending
  • ✗Those who prefer pure-play exposure to AI infrastructure through dedicated GPU or data center companies

Investment Thesis

Nokia generates EUR 19.9 billion in annual revenue and EUR 2.0 billion in operating profit from essential network infrastructure. The Infinera acquisition strengthens the optical networking portfolio at the right time: AI data center buildout requires exactly the high-bandwidth transport equipment that Infinera and Nokia provide. CEO Justin Hotard's simplified operating model should improve margins and execution.

The stock trades at a modest valuation relative to its infrastructure technology peers. AI & Cloud customers growing to 14% of Network Infrastructure sales with book-to-bill above one suggests a structural shift in Nokia's revenue mix toward higher-growth end markets. The risk is that telecom operator spending remains sluggish and that the AI networking opportunity is smaller or slower to materialize than expected. For investors who want network infrastructure exposure at a reasonable price with dividend support, Nokia offers a combination of value and emerging AI growth.

Conclusion

Nokia offers value-oriented exposure to network infrastructure with emerging AI data center growth. The EUR 2B operating profit, Infinera acquisition, and AI customer momentum provide a foundation. The stock suits investors who want infrastructure technology exposure at modest multiples with dividend support.
Bull Case
$9.50 (30% upside) - AI networking revenue doubles, 5G spending recovers, Infinera synergies exceed targets, margins expand above 12%
Base Case
$7.50 (3% upside) - Low single-digit revenue growth, AI Cloud share expands gradually, operating profit stable at EUR 2B
Bear Case
$5 (30% downside) - Telecom capex declines, AI networking share captured by Ciena, Infinera integration struggles, margin compression

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