NOK - Nokia Corporation

NYSE - NYSE Delayed Price. Currency in USD
4.3100
-0.2900 (-6.30%)
At close: 4:00PM EDT

4.3500 +0.04 (0.93%)
After hours: 7:09PM EDT

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Previous Close4.6000
Open4.5700
Bid4.3100 x 41800
Ask4.3800 x 47300
Day's Range4.3000 - 4.5800
52 Week Range2.3400 - 5.7700
Volume58,012,267
Avg. Volume28,005,430
Market Cap24.658B
Beta (5Y Monthly)0.42
PE Ratio (TTM)N/A
EPS (TTM)-0.1920
Earnings DateN/A
Forward Dividend & Yield0.22 (4.87%)
Ex-Dividend DateJul. 29, 2019
1y Target Est4.74
  • Nokia Ramps Up Open RAN for Flexible Network Architecture
    Zacks

    Nokia Ramps Up Open RAN for Flexible Network Architecture

    Nokia's (NOK) investment in Open RAN gives assurance to communication service providers in adopting openness to secure the telecom supply chain.

  • Nokia to add open interfaces to its telecom equipment
    Reuters

    Nokia to add open interfaces to its telecom equipment

    The new technology, dubbed Open Radio Access Network (Open RAN), aims to reduce reliance on any one vendor by making every part of a telecom network interoperable and allowing operators to choose different suppliers for different components. As part of the implementation plan, Nokia plans to deploy Open RAN interfaces in its baseband and radio units, a spokesman said.

  • Nokia Powers Airtel's Open Cloud-Based VoLTE Network in India
    Zacks

    Nokia Powers Airtel's Open Cloud-Based VoLTE Network in India

    Nokia's (NOK) VoLTE solution enables Airtel to free up the spectrum by ramping down its 3G network. This will help the operator utilize an extra spectrum to deploy 4G services.

  • Nokia Expands Network Capacity With Djezzy Collaboration
    Zacks

    Nokia Expands Network Capacity With Djezzy Collaboration

    Nokia (NOK) collaborates with Djezzy to showcase impressive multi-gigabit network capacity of up to 8.5Gbps, leveraging its Wavence microwave transport solution in Algeria.

  • Ericsson Powers Taiwan 5G Ecosystem With Chunghwa Telecom
    Zacks

    Ericsson Powers Taiwan 5G Ecosystem With Chunghwa Telecom

    Ericsson (ERIC) partners with Chunghwa Telecom to capitalize on its technological prowess and deploy seamless 5G network technology with advanced solutions for better customer experience.

  • Telecom Stock Roundup: Verizon Boycotts Facebook Ads, Nokia Inks New 5G Deal & More
    Zacks

    Telecom Stock Roundup: Verizon Boycotts Facebook Ads, Nokia Inks New 5G Deal & More

    While Verizon (VZ) boycotts advertising campaigns in the social media platform of Facebook, Nokia (NOK) secures 5G deal with Taiwan Mobile.

  • 3 Great Stocks Under $10
    Motley Fool

    3 Great Stocks Under $10

    While it's true that a stock's performance should be relatively in line with the company's, ultimately, the dollar value of a share is a function of both the company's underlying results and how many shares have been issued. In this day and age of mobile broadband, it seems rather amazing that a hardware-specific, subscription-based satellite radio business can thrive. The company's revenue growth has been just as reliable for longer.

  • Nokia (NOK) to Power Taiwan Mobile With Exclusive 5G Deal
    Zacks

    Nokia (NOK) to Power Taiwan Mobile With Exclusive 5G Deal

    Nokia's (NOK) 5G portfolio will scale up Taiwan Mobile's legacy network infrastructure within dynamic cloud environments, with a sharp focus on scalability, automation and performance.

  • Nokia Unveils Software to Help Operators Expand 5G Footprint
    Zacks

    Nokia Unveils Software to Help Operators Expand 5G Footprint

    Nokia's (NOK) Digital Operations Center enables communication service providers to deliver network slices through closed-loop automation.

  • Bloomberg

    U.S. Gains Ground in Effort to Freeze Huawei Out of 5G

    (Bloomberg) -- The U.S. campaign to hamstring China’s Huawei Technologies Co. is gaining fresh impetus as the Trump administration chokes off supplies of vital microchips and Beijing causes dismay on both sides of the Atlantic with its stance on Hong Kong and the coronavirus.The U.K. is reconsidering its embrace of Huawei while carriers in Denmark and Singapore have chosen other providers for their telecommunications networks. Meanwhile, Germany and France are reassessing the role of the company that the U.S. accuses of theft, sanctions busting and providing an avenue for espionage.Only months ago, the U.S. was struggling to persuade its allies not to use Huawei’s equipment. But in May, Washington moved to handcuff Huawei to outdated technology by denying it chips made with U.S. techniques. The change could turn Huawei into a permanent laggard, unable to update and maintain cutting-edge 5G networks that will be communications backbones for decades to come.At the same time, politics have been unkind to Huawei’s ambitions. Officials in Europe and the U.S. have criticized China over its handling of the Covid-19 pandemic. And Beijing drew condemnation for preparing national security laws for Hong Kong, a step seen as a threat to the city’s autonomy.“Two years ago no one worried about buying Huawei - that’s not true any more,” said James Lewis, director of the technology policy program at the Center for Strategic & International Studies in Washington. He sees “some progress,” in swaying other countries to ban Huawei “although well short of a total ban.”President Donald Trump is boasting of success, saying in a recent interview with the Wall Street Journal, “Look how tough I’ve been on Huawei. Nobody has been tougher than me.”The U.S. says Huawei is a threat to security for the fifth-generation, or 5G, wireless systems that are beginning to be deployed around the world. The networks promise speed and ubiquity: a thick forest of always-on links to billions of devices in homes, factories, surgical suites and autonomous vehicles. As more and more devices and networks are connected, vulnerability to hacking or espionage grows apace.Because Huawei is subject to control by China’s ruling Communist Party, it can be compelled by law to cooperate with the country’s security apparatus, and has been implicated in espionage, according to the State Department. The Pentagon chimed in Wednesday, sticking Huawei on a list of 20 companies it says are owned or controlled by China’s military, opening them up to potential new US. sanctions.Rob Manfredo, a U.S.-based spokesman for Huawei, didn’t respond to a request for comment.Huawei has denied allegations of spying, saying it would lose customers if it weren’t trustworthy. The Shenzhen-based company says it’s a private business that can’t be directed by Beijing, and that no Chinese law requires private national companies to engage in cyber-espionage.Chip BanThe Commerce Department’s ban in May of the sale of any silicon made with U.S. know-how was a potentially crippling blow to China’s tech champion. Huawei’s stockpiles of certain self-designed chips essential to telecom equipment will run out by early 2021, people familiar with the matter have said. While Huawei can buy off-the-shelf or commodity mobile chips from a third party like Samsung Electronics Co., it couldn’t possibly get enough and may have to make costly compromises on performance in basic products, they added.The chip restrictions add “uncertainty and potential costs” that could leave Huawei unable to meet commitments to build and maintain networks, said Robert Williams, executive director of the Paul Tsai China Center at Yale Law School. “The trade-offs between cost and security risks may look different now than they once did to the U.K.”Huawei’s position is sharply contested in Britain.The U.K. in January barred Huawei from sensitive core network components and high-risk areas like nuclear-power sites, but said the Chinese company could still constitute as much as 35% of networks’ 5G and fiber equipment elsewhere.That prompted an angry phone call from Trump to U.K. Prime Minister Boris Johnson. The Trump administration has said any country that uses an “untrustworthy” 5G vendor jeopardizes intelligence sharing with the U.S. That would strike at the heart of the traditional “Five Eyes” security alliance linking the U.S. and U.K., along with Australia, Canada, and New Zealand to cooperate on espionage.The U.K.’s January decision also triggered a rebellion of junior lawmakers in Johnson’s Conservative Party. Since then, Hong Kong and Covid-19 have helped to harden their stance.U.K. government officials now are seeking ways to phase the company out in as little as three years.“There’s been a pretty effective relentless American campaign,” said Sam Armstrong, spokesman for the Henry Jackson Society, a London-based policy group that has argued for blocking Huawei from the U.K.’s 5G networks. “The evidence in Parliament and the threats to Five Eyes intelligence-sharing arrangements have all contributed to a sense that this has had a seriously undermining effect on our trans-Atlantic relationship.”Despite the storm clouds obscuring its future in the U.K., Huawei committed Thursday to invest $1.2 billion in a research and development center near the English city of Cambridge, drawing criticism from a former leader of the ruling Conservative party. It said the timing was coincidental and the plans had been in the works for years. Growing TensionThe issue is fraught in other European countries, too. The company is losing luster in Europe after winning contracts across the continent, said John Strand, a consultant based in Copenhagen.“Around Europe, there is a growing focus on the use of Chinese equipment including Huawei,” Strand said in an interview. “When it comes to Hong Kong, it obviously has an impact.”Strand predicted other countries would follow paths such as those taken by Denmark, where the biggest phone company TDC A/S in March chose Stockholm-based Ericsson AB to build its 5G network, rather that its existing supplier Huawei. Earlier, Energy Minister Lars Christian Lilleholt highlighted security considerations for 5G, without mentioning Huawei.Such moves would represent a change of momentum for a beleaguered U.S. campaign, said Justin Sherman, a fellow at the Atlantic Council’s cyber-statecraft initiative.“There are many countries that have not done what the U.S. wanted,” including Germany, France and Italy, Sherman said. “There’s legitimate reason to be concerned about Huawei’s position on the 5G networks,” he said.U.S. diplomats say Ericsson and Finland’s Nokia Oyj build 5G gear and can be alternatives to Huawei. The European providers have struggled to compete with Huawei and ZTE Corp. equipment that’s often cheaper and at least as capable.“5G systems carry the most private information and intellectual property. It comes down to one question: Who do you trust?” Keith Krach, the U.S. undersecretary of state for economic affairs, said in an interview. “People are realizing that Huawei’s 5G is the backbone of that surveillance state.”U.S. officials point to progress in persuading allies, citing the European Union’s January adoption of a policy that said companies based in non-democratic countries could be excluded from parts of the network. The EU stopped short of an outright ban on Huawei.The German government is struggling to settle on rules that would require security certification for vendors in the 5G network. Earlier senior Chinese officials highlighted German car companies – the crown jewel of Europe’s biggest economy – as a potential target for retaliation if Huawei is banned from their markets. China is the biggest single market for Volkswagen AG, BMW AG and Mercedes-Benz maker Daimler AG. German Chancellor Angela Merkel has resisted a blanket ban on Huawei from 5G networks.France won’t ban any equipment maker from its 5G network, but will seek to protect critical infrastructure, finance minister Bruno Le Maire said earlier this year. With a spectrum auction set for September, carriers including Bouygues SA await a decision from the French cyber security agency Anssi on whether Huawei can be part of their plans. In a tweet earlier this week, U.S. Secretary of State Mike Pompeo praised France’s leading phone company Orange SA, calling it a “clean” telecom carrier after it picked “trusted” 5G equipment suppliers Nokia and Ericsson in January.Italy hasn’t moved against Huawei, though it has adopted rules to closely monitor telecommunications equipment suppliers, and scrutinize gear that comes from outside Europe. Italy has pursued a friendly approach with Chinese investors and especially with Huawei, which has poured money into the country, financing research centers, universities and schools.In Canada, Prime Minister Justin Trudeau has been stalling a decision on whether to ban Huawei from 5G wireless networks. Tensions between the two countries have been rising since Canadian authorities arrested Huawei Chief Financial Officer Meng Wanzhou on a U.S. extradition request in late 2018. After her arrest, China put two Canadian citizens in jail, halted billions of dollars in Canadian imports and put two other Canadians on death row. On June 2, two major Canadian wireless companies -- BCE Inc. and Telus Corp. -- said they’d build out their 5G wireless networks with equipment from Ericsson and Nokia.India has allowed Huawei to participate in trials, but the company’s entry into the country’s 5G commercial network could be blocked as tensions persist following border clashes with China. India is the largest wireless market outside China by number of subscribers, and has been a focus for investment by Huawei.“The tide is turning against Huawei as citizens around the world are waking up to the danger of the Chinese Communist Party’s surveillance state,” Pompeo said in a statement Wednesday.(Updates to add reference to U.K. development site in 19th paragraph. An earlier version of this story was corrected to fix the spelling of Huawei in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Telecom Stock Roundup: VZ Expands VNS Portfolio, CTL Extends Alliance & More
    Zacks

    Telecom Stock Roundup: VZ Expands VNS Portfolio, CTL Extends Alliance & More

    While Verizon (VZ) expands virtual networking capabilities, CenturyLink (CTL) extends partnership to better serve customers.

  • Huawei Loses Main Singapore 5G Networks to Ericsson, Nokia
    Bloomberg

    Huawei Loses Main Singapore 5G Networks to Ericsson, Nokia

    (Bloomberg) -- Singapore’s biggest telecom operators chose Ericsson AB and Nokia Oyj as their main 5G network providers, leaving China’s Huawei Technologies Co. with less significant contracts in the city state.Singapore Telecommunications Ltd. chose Ericsson while a group that includes StarHub Ltd. opted for Nokia after the city-state gave final approval for the rollout of nationwide 5G coverage in the country Wednesday. Huawei, which has been a point of contention in the tensions between the U.S. and China, still has a foothold in the market as a provider for TPG Telecom Pte’s smaller, local network system.The final awards were issued to Singtel and a group formed by StarHub and M1 Ltd. after they completed regulatory processes, including selection of preferred frequency spectrum lots and vendor partners, the Infocomm Media Development Authority said Wednesday. Provisional awards were made in April.TPG Telecom Pte Ltd. is being allocated the remaining frequency spectrum in the millimeter wave band to roll out localized 5G networks, the authority said.“We never explicitly excluded any vendor,” Minister for Communications and Information S. Iswaran said in an interview with Bloomberg Television’s Haslinda Amin on Thursday. “You have a diversity of vendors involved in different aspects of the 5G system and that is in fact a positive outcome from our perspective,” he said.Ericsson, NokiaIswaran said Thursday the city-state has very clear security and resilience requirements, and the choices made by the telcos took this into account “very clearly”.Singtel, the country’s largest telco operator, said Wednesday it selected Ericsson “to commence a period of negotiation to provide the 5G SA Core, RAN and mmWave network, with a view to finalising the contractual terms as soon as practicable.”StarHub, which received spectrum rights jointly with M1, said the preferred 5G technology partner, subject to final contract, is Nokia for the 5G radio access network. Nokia is also the preferred technology supplier for StarHub’s 5G core and mmWave networks. The Singapore company is exploring other network elements with Nokia, Huawei Technologies Co., and ZTE Corp., it said.TPG Telecom said it’s an active member of the Telecom Infra Project and “will leverage the extensive OpenRAN vendor community along with Huawei’s advanced network equipment” for the implementation of 5G services.Singapore’s 5G NetworkSingtel and the StarHub-M1 group plan to introduce a standalone 5G network starting from January 2021. The country aims to have 5G coverage for at least half of the nation by the end of 2022 and the entire island by 2025. The plan sets up Singapore to join countries in the region such as China and South Korea, which have begun to offer commercial 5G services.The rollout is coming at a time when measures to curb the coronavirus have forced people around the world to stay and work from home, testing digital services and connectivity like never before. The technology is crucial for applications from autonomous driving to remote surgery. The announcement is also just a day after general elections were declared for July 10.U.S., ChinaThe Singapore telcos’ decision on providers comes amid worsening tensions between the U.S. and China. The U.S. administration has banned Huawei from its market for telecom equipment, as part of an effort to curb its presence in 5G networks globally.The Pentagon, in letters to lawmakers dated June 24, said it put Huawei on a list of 20 companies it says are owned or controlled by China’s military. While the move’s implications were not immediately clear, it opens the company to potential additional U.S. sanctions.Singapore has close economic and political ties with the U.S. and China, and last year indicated it would let its telco companies decide for themselves on suppliers. Prime Minister Lee Hsien Loong said earlier this year it hadn’t banned Huawei, but would evaluate it based on operational requirements.(Updates to add Singapore Minister S. Iswaran’s quote in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • New Nokia CEO Lundmark to take over a month earlier than planned
    Reuters

    New Nokia CEO Lundmark to take over a month earlier than planned

    Nokia's <NOKIA.HE> new chief executive Pekka Lundmark will join the company on August 1, a month earlier than planned, the Finnish telecom equipment maker said on Wednesday. The announcement came after Lundmark's previous employer, Finnish utility Fortum <FORTUM.HE>, said on Wednesday its Chief Financial Officer Markus Rauramo would be taking over as Lundmark's CEO from July 1. At Nokia, Lundmark will be replacing Rajeev Suri, who is stepping down after more than a decade in charge of Nokia and Nokia Siemens Networks.

  • Nokia Drives 5G Network Solutions With C-Band Spectrum Trial
    Zacks

    Nokia Drives 5G Network Solutions With C-Band Spectrum Trial

    Nokia (NOK) showcases impressive speeds of more than 1 Gbps in a trial of advanced 5G technology on a C-Band spectrum by leveraging its AirScale 5G base station equipment in the United States.

  • Nokia to cut a third of jobs at French arm Alcatel-Lucent
    Reuters

    Nokia to cut a third of jobs at French arm Alcatel-Lucent

    Finnish telecoms equipment maker Nokia Oyj <NOKIA.HE> plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the unit's workforce, the group said on Monday, confirming an earlier Reuters report. The announcement, just as Europe prepares for the deployment of the next generation of mobile internet, or 5G, has political resonance in France because Nokia bought the unit five years ago on condition it would keep jobs. Nokia, which competes with Ericsson <ERICb.ST> and Huawei [HWT.UL] for 5G networks, said in a statement the staff reduction was needed because of significant cost pressures.

  • Nokia (NOK) Tests RAN Open Source With AT&T on 5G Network
    Zacks

    Nokia (NOK) Tests RAN Open Source With AT&T on 5G Network

    Nokia (NOK) and AT&T will continue to collaborate to advance the development of the Radio Access Network Intelligent Controller and help build an open ecosystem of applications.

  • Telecom Stock Roundup: Qualcomm Offers Low-Cost Chips, AT&T Mulls Asset Sale & More
    Zacks

    Telecom Stock Roundup: Qualcomm Offers Low-Cost Chips, AT&T Mulls Asset Sale & More

    While Qualcomm (QCOM) aims to bring cheap 5G phones for masses with low-cost chips, AT&T (T) mulls asset sale to reduce debt.

  • Nokia Augments Supply Chain With Broadcom as 5G Chip Vendor
    Zacks

    Nokia Augments Supply Chain With Broadcom as 5G Chip Vendor

    The addition of more suppliers is likely to lead to a steady flow of raw materials for Nokia (NOK) and diversify its supply chain for custom-made chips for 5G equipment.

  • Nokia (NOK) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Nokia (NOK) Outpaces Stock Market Gains: What You Should Know

    Nokia (NOK) closed at $4.28 in the latest trading session, marking a +1.9% move from the prior day.

  • Nokia Furthers Partnership With China Unicom on 5G Ecosystem
    Zacks

    Nokia Furthers Partnership With China Unicom on 5G Ecosystem

    Nokia (NOK) secures almost a 10% share of China Unicom's 5G core network. The deal comprises products from Nokia's Cloud Packet Core portfolio, including the Cloud Mobile Gateway.

  • Nokia adds Broadcom as third 5G chip vendor to diversify supply
    Reuters

    Nokia adds Broadcom as third 5G chip vendor to diversify supply

    Field Programmable Gate Arrays (FPGAs) -- for its 5G equipment that customers could reprogramme but high costs and supply hurdles last year forced it to change course. "We still stand by the decision of going with FPGAs because it was the right thing to do at that time," Sandro Tavares, Nokia's head of mobile networks marketing, told Reuters. Nokia, which competes with Sweden's Ericsson <ERICb.ST> and China's Huawei, had said its 5G products could not reach the market in time due to delays by one supplier, identified by analysts as Intel.

  • As 5G rollout ramps up, Defiance ETFs FIVG invests in the biggest names in the sector
    Yahoo Finance Video

    As 5G rollout ramps up, Defiance ETFs FIVG invests in the biggest names in the sector

    Paul Dellaquila, President of Defiance ETFs, joined Yahoo Finance's The Final Round to talk the Defiance Next Gen Connectivity ETF that focuses on the biggest names in 5G.

  • Nokia Solution to Boost Pakistan Telecom Customer Service
    Zacks

    Nokia Solution to Boost Pakistan Telecom Customer Service

    Nokia (NOK) deploys its avant-garde suite of machine learning and automation, including Service Management Platform, to aid Pakistan Telecommunication Company Limited with enhanced customer service.