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Added to YB: 2026-07-15

Pitch date: 2026-07-13

NOK [neutral]

Nokia Oyj

-1.93%

current return

Author Info

JP Insights is analyzing the companies powering AI’s physical layer — semiconductors, datacenters, energy, and robotics. Focused on innovation-driven value and long-term reinvestment efficiency. 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 59.2B

Pitch Price

EUR 11.93

Price Target

N/A

Dividend

1.33%

EV/EBITDA

20.52

P/E

76.29

EV/Sales

2.84

Sector

Communications Equipment

Category

turnaround

Show full summary:
Nokia Q2 Preview: When Does Positioning Become Earnings Power?

NOK (holding update): Q2 preview. Turnaround working—Q1 rev +4%, AI&Cloud +49% to €350M (8% of rev), €1B AI orders, Optical +20%, FCF €629M. Mgmt raised NI growth to 12-14% but held €2.0-2.5B profit outlook. Stock rerated from €4 to €11 (26.5x fwd P/E). Needs volume to convert to margins/ROIC. Small position; competes w/ Ciena, Cisco.

Read full article (8 min)