Added to YB: 2026-04-16
Pitch date: 2026-04-14
NOK [neutral]
Nokia Oyj
-1.93%
current return
Author Info
Gaetano shares institutional-quality research on the future of AI infrastructure and photonics. Deep dives, timely updates, and real education built for conviction investors. Sign up for the newsletter.
Company Info
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa.
Market Cap
EUR 49.0B
Pitch Price
EUR 8.70
Price Target
N/A
Dividend
1.60%
EV/EBITDA
17.59
P/E
79.45
EV/Sales
2.37
Sector
Communications Equipment
Category
growth
Nokia’s Third Act Is Starting to Come Into View
NOK (update): BofA upgrade on optical & hyperscaler growth. Optical/IP business repositioning for AI infra w/ 800G coherent pluggables, Infinera acquisition adding scale/vertical integration. Q1 book-to-bill >1 driven by AI/cloud demand. Optical +14%, AI/cloud biz +36%. Hyperscalers now top growth target as compute-network gap narrows (60,000x vs 30x improvement over 20 yrs). BofA values optical/IP segment separately at richer multiple vs traditional telecom. Product cycles compressed to <2 yrs from 4. Positioned across transport, switching, routing as AI traffic scales.
Read full article (5 min)