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Nokia Corp ADR(NOK)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NOK
09/28/2026: NOK (5-star) is currently NOT-A-BUY. Pass it for now.
Nokia Corp ADR is a mature global provider of telecommunications network infrastructure, software, and intellectual property licensing. The company has successfully transitioned from its legacy consumer mobile roots to a focused infrastructure model, supported by its high-margin patent licensing business and robust R&D via Bell Labs. Key strengths include a leading position in fixed networks and a strong balance sheet that supports consistent dividend payments. Primary growth opportunities lie in private enterprise networks and ongoing global 5G infrastructure updates. Investors should monitor the cyclical nature of carrier capital expenditure and intense competition in the mobile infrastructure market, which remain key execution risks to watch.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Nokia is a mature, cyclical infrastructure company rather than a high-growth tech disruptor. |
| Momentum investor | Weak fit | The stock often exhibits long consolidation periods rather than sustained explosive price momentum. |
| Value investor | Strong fit | Nokia's valuation is often suppressed relative to its extensive patent portfolio and cash position. |
| Dividend investor | Strong fit while signal remains positive | Consistent dividend payments supported by a strong balance sheet appeal to income-oriented investors. |
| Low-risk investor | Mixed fit | While established, the stock is subject to industry volatility and geopolitical sensitivity. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock can be sensitive to quarterly shifts in carrier capital expenditure budgets. |
| Valuation risk | Low | The company generally trades at modest multiples which limits significant downside valuation risk. |
| Competition risk (5G infrastructure) | High | Intense rivalry with Ericsson and others puts continuous pressure on margins and market share. |
| Business quality | Medium | Nokia maintains high-quality R&D and intellectual property but faces cyclicality in hardware sales. |
| Dividend income | Medium | The dividend is sustainable but not historically high-growth, serving as a steady return component. |
| Execution risk | Medium | Successfully integrating large acquisitions like Infinera is crucial for long-term growth targets. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 153.07% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 58.17B USD | Price to earnings Ratio 74.21 | 1Y Target Price 14.97 |
Price to earnings Ratio 74.21 | 1Y Target Price 14.97 | ||
Volume (30-day avg) 80.0M shares | Beta 0.77 | 52 Weeks Range 4.70 - 17.36 | Updated Date 09/27/2026 |
52 Weeks Range 4.70 - 17.36 | Updated Date 09/27/2026 | ||
Dividends yield (FY) 1.34% | Basic EPS (TTM) 0.14 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Network Infrastructure | Fixed, IP, and Optical hardware and software. | This is the core plumbing of the internet, selling the hardware that makes connectivity possible. |
| Mobile Networks | 5G Radio Access Network (RAN) equipment. | Revenue fluctuates based on how quickly telecom companies roll out the next generation of mobile coverage. |
| Nokia Technologies | Patent licensing royalties. | This is a high-profit, 'asset-light' business where Nokia collects fees for its intellectual property. |
| Geography: North America | Direct sales to major US telecom carriers. | A significant and highly watched market for Nokia's infrastructure deployments. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 74.21 | Forward PE 24.45 | Enterprise Value 58.51B | Price to Sales(TTM) 2.85 |
Enterprise Value 58.51B | Price to Sales(TTM) 2.85 | ||
Enterprise Value to Revenue 2.51 | Enterprise Value to EBITDA 25.46 | Shares Outstanding 5.60B | Shares Floating 4.45B |
Shares Outstanding 5.60B | Shares Floating 4.45B | ||
Percent Insiders 2.97 | Percent Institutions 15.8 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
News (Last Updated: 09/27/2026)
About Nokia Corp ADR
Exchange NYSE | Headquarters - | ||
IPO Launch date 1994-01-03 | CEO - | ||
Sector Technology | Industry Communication Equipment | Full time employees 78005 | Website https://www.nokia.com |
Full time employees 78005 | Website https://www.nokia.com | ||
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. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP edge routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, the company offers cloud and network services, including open, secure, automated, and scalable software and solutions; and 5G core, secure autonomous networks, private wireless and industrial edge, and network APIs. Further, it licenses intellectual property, including patents, technologies, and the Nokia brand. The company serves its products and services to defense communications energy and resources, enterprise and industrial campus, private networks, public sector, and transportation industries. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
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