|Bid||6.25 x 32700|
|Ask||6.26 x 94500|
|Day's Range||6.19 - 6.26|
|52 Week Range||4.04 - 6.65|
|PE Ratio (TTM)||-48.59|
|Dividend & Yield||0.18 (2.96%)|
|1y Target Est||6.55|
Press release July 20, 2017. Espoo, Finland- Nokia will publish its second-quarter and half-year 2017 results on July 27, 2017 at approximately 8 a.m. The financial report will be made available on the ...
Wells Fargo Securities The Radio Access Network equipment market continues to be challenged. Ericsson (ERIC) missed second-quarter revenue and took down its Radio Access Network (RAN) market outlook to high-single-digit declines in 2017 versus its prior outlook of down 2% to 6% (Nokia (NOK) sees the market down low single digits assuming constant exchange rates from November, Wells Fargo: down 4.7%, and Street: down 3.1%). While Ericsson doesn’t believe it is losing market share, its business continues to be impacted by competitive pressures, lower mobile investments (due to a mix of factors including customers facing macro pressures and a pause to 5G), and lower software spending trends.
HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones and tablets, said Chief Executive Arto Nummela is leaving the company with immediate effect. Florian Seiche, HMD Global's president, has been appointed to the additional role of acting CEO, the company said. An HMD spokesman said Nummela's departure was a personal matter between him and the company's board of directors, but declined to elaborate.