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Nokia Corp ADR (NOK)


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Upturn Advisory Summary
10/15/2025: NOK (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $5.5
1 Year Target Price $5.5
2 | Strong Buy |
3 | Buy |
5 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.07% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 29.42B USD | Price to earnings Ratio 28.79 | 1Y Target Price 5.5 |
Price to earnings Ratio 28.79 | 1Y Target Price 5.5 | ||
Volume (30-day avg) 11 | Beta 0.59 | 52 Weeks Range 3.81 - 5.66 | Updated Date 10/15/2025 |
52 Weeks Range 3.81 - 5.66 | Updated Date 10/15/2025 | ||
Dividends yield (FY) 2.67% | Basic EPS (TTM) 0.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-10-23 | When Before Market | Estimate 0.06 | Actual - |
Profitability
Profit Margin 5.3% | Operating Margin (TTM) 3.89% |
Management Effectiveness
Return on Assets (TTM) 2.59% | Return on Equity (TTM) 4.47% |
Valuation
Trailing PE 28.79 | Forward PE 13.19 | Enterprise Value 23741328877 | Price to Sales(TTM) 1.53 |
Enterprise Value 23741328877 | Price to Sales(TTM) 1.53 | ||
Enterprise Value to Revenue 1.05 | Enterprise Value to EBITDA 7.64 | Shares Outstanding 5379095249 | Shares Floating 4160246057 |
Shares Outstanding 5379095249 | Shares Floating 4160246057 | ||
Percent Insiders - | Percent Institutions 11.04 |
Upturn AI SWOT
Nokia Corp ADR

Company Overview
History and Background
Nokia, founded in 1865 in Finland, originally focused on paper production. It evolved into a telecommunications giant through various acquisitions and innovations, becoming a leader in mobile phones in the late 20th century. The company experienced a decline in its mobile phone business in the early 2010s, leading to a strategic shift towards network infrastructure and technology.
Core Business Areas
- Network Infrastructure: Provides end-to-end networking solutions for communication service providers, enterprises, and webscale companies. This includes fixed networks, mobile networks, and IP networks.
- Nokia Technologies: Focuses on licensing Nokia's intellectual property, including patents and technologies related to connectivity, multimedia, and digital health.
- Cloud and Network Services: Offers software and services that enable customers to operate, automate, and monetize their networks. This includes consulting, integration, and managed services.
Leadership and Structure
Nokia is led by CEO Pekka Lundmark. The company has a global organizational structure with regional sales teams and product-focused business groups.
Top Products and Market Share
Key Offerings
- 5G Network Equipment: Nokia provides 5G network equipment and solutions to mobile operators globally. Ericsson and Huawei are the main competitors. Market share fluctuates, but Nokia is consistently among the top 3 vendors. Revenue for the 5G business contributes significantly to Nokia's overall revenue. Hard figures are not publicly segmented per product but network infrastructure overall has annual revenue in the billions (EUR).
- Fixed Network Solutions: Offers fixed network solutions like fiber optic access and broadband technologies to service providers. Competitors include Adtran and CommScope. This is a smaller part of Nokia's business compared to mobile networks, but it is still a core offering. Revenue is in the hundreds of millions (EUR). Market share data not publicly available.
- IP Routing: Nokia's IP routing solutions provide backbone network infrastructure and software defined networking solutions. Key competitors are Juniper Networks and Cisco. Again, revenue in the hundreds of millions (EUR), specific figures not publicly available.
Market Dynamics
Industry Overview
The telecommunications industry is currently experiencing rapid growth due to the expansion of 5G networks, increasing demand for bandwidth, and the rise of cloud computing. The industry is also highly competitive, with major players vying for market share.
Positioning
Nokia is a leading provider of network infrastructure equipment and services. The company has a strong technological base, a global presence, and long-standing relationships with major telecommunications operators. A competitive advantage is its end-to-end portfolio and commitment to R&D.
Total Addressable Market (TAM)
The telecommunications equipment market TAM is estimated to be hundreds of billions of USD annually. Nokia is positioned to capture a significant share of this market by leveraging its 5G leadership and expanding its cloud and network services offerings.
Upturn SWOT Analysis
Strengths
- Strong technological base
- Global presence
- End-to-end portfolio
- Long-standing relationships with major telecommunications operators
- Commitment to research and development
Weaknesses
- Reliance on a few key customers
- Exposure to currency fluctuations
- Competition from lower-cost vendors
- Past struggles with adapting to market shifts
Opportunities
- Growth of 5G networks
- Increasing demand for bandwidth
- Rise of cloud computing
- Expansion into new markets
- Growing importance of network security
Threats
- Intense competition
- Geopolitical risks
- Economic downturns
- Technological disruptions
- Supply chain issues
Competitors and Market Share
Key Competitors
- ERIC
- CSCO
- JNPR
Competitive Landscape
Nokia has a strong position in the network infrastructure market, but it faces intense competition from Ericsson, Cisco, and other vendors. Nokia's advantages include its end-to-end portfolio and its commitment to research and development. A disadvantage is that they are not as vertically integrated as some competitors.
Major Acquisitions
Infinera's optical networking business
- Year: 2024
- Acquisition Price (USD millions): 380
- Strategic Rationale: Strengthens Nokia's position in optical networking and expands its portfolio of solutions for service providers and enterprises.
Growth Trajectory and Initiatives
Historical Growth: Nokia experienced significant growth in the late 1990s and early 2000s but faced challenges in the mobile phone market in the 2010s. More recently, growth has been driven by its network infrastructure business.
Future Projections: Analysts expect Nokia to experience moderate growth in the coming years, driven by the continued expansion of 5G networks and the increasing demand for cloud and network services.
Recent Initiatives: Recent strategic initiatives include expanding its 5G footprint, investing in research and development, and focusing on higher-margin businesses. The company acquired Infinera's optical networking business in 2024.
Summary
Nokia is strategically positioned in the growing network infrastructure market, particularly with the expansion of 5G. Cost-cutting measures and margin improvements boost their financial health. Intense competition and macroeconomic factors present challenges. Acquisitions and R&D are intended to fuel future growth. Nokia's potential lies in executing its 5G and cloud strategies effectively.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Nokia Investor Relations
- Market Research Reports
- Financial News Articles
- Analyst Estimates
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions can change rapidly, and actual results may differ from projections.
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.
About Nokia Corp ADR
Exchange NYSE | Headquaters - | ||
IPO Launch date 1994-01-03 | President & CEO Mr. Justin Hotard | ||
Sector Technology | Industry Communication Equipment | Full time employees 78434 | Website https://www.nokia.com |
Full time employees 78434 | 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, rest of the 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 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 communications service providers, industrial enterprises, governments, digital industries, webscales and hyperscalers, licensees, and the defense sector. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.

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