contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Atte Riikola

Nokia is a global telecommunications company. The company offers solutions in IP, broadband, digital health, and cloud-based systems. The customers are found in a broad base of markets and consist of large corporate customers, authorities, and private consumers. The business is established on a global level in all regions. Nokia was founded in 1865 and the head office is located in Esbo, Finland.

Elop… He actually bought shares himself after it had plummeted to 6.66 euros. As a “vote of confidence,” as he himself put it. Then, of course, it continued to fall. But it wasn’t like he walked away empty-handed even though the stock crashed. If I remember correctly, he was to receive about 20 million euros in severance pay when Microsoft acquired D&S (Devices & Services). For a job well done, so to speak

It occurred to me that there might be index changes… that Nokia could be rejoining the Euro Stoxx 50 index. In that case, nothing else would matter, only purchases would need to be made.  I haven’t checked this, not even when the index change date is – but it seems like someone is buying like crazy. This doesn’t quite fit into short-term fundamentals, especially since other companies in the sector haven’t surged, to my knowledge, in the last two trading days. Options traders could be another alternative – for years, this seemed to work in the other direction. So, for my part, this is pure speculation. Edit: In my opinion, the current pricing could roughly be justified by Nokia’s potential earnings level in 2028-2030. However, quite a lot of front-loading is happening now.

It’s worth noting that Nokia’s stock rise to Thursday’s closing level of $8.82 is a significant level. The last time the stock closed higher than this was in 2011, when Stephen Elop’s “burning platform” memo initiated a downward trend.

New York open for 30min and change +18.5m shares  Heaven help us, what’s coming out of there?

This could have been due to sellers of $10 call options hedging their positions in a very thin overnight market, or equally, one or a few players aggressively executing their orders in that illiquid situation. The timing may reflect non-US trading hours (e.g., Asian buyers) or simply a decision to trade outside of regular hours despite thinner liquidity. In such an environment, even small trades can cause sharp, temporary price spikes, as seen with the $9.70. A broader analysis can be found on Reddit. In any case, a high of $9.29 has already been reached, meaning that psychologically crossing the nine-dollar and eight-euro marks will be easier in the future.

The share price has indeed jumped up before Easter from 8.85 to 9.25 ($\sim$8.00€) in the US, even though the stock market is still closed. Is there any news, if it has made such a strong rise since Thursday?

The stock is really strong in the USA. Do you think it’s mainly influenced by companies like Coherent, Lumentum, Ciena, which move 5-10% more or less every day, or is it on its own merits, or a combination? I don’t mind the stock surging upwards, but I would rather see EPS follow suit and do the same.

Nokia

Nokia's Q2 result was again strong, and the company's strategy has progressed with solid steps in the right direction throughout H1.

<p>Nokia's Q2 result was again strong, and the company's strategy has progressed with solid steps in the right direction throughout H1. In particular, the profitability improvement in Mobile Networks has progressed rapidly despite the challenges in the operating environment, which shows that Nokia's significant investments to improve the unit's competitiveness are delivering the right results. Nokia's share valuation still looks moderate and, in our view, offers a good expected return for the coming years if the company's strategy continues on its current trajectory.</p> 

	2021	22e	23e
Revenue	22,202.0	24,595.4	25,038.5
growth-%	1.6 %	10.8 %	1.8 %
EBIT (adj.)	2,775.0	3,033.5	3,249.0
EBIT-% (adj.)	12.5 %	12.3 %	13.0 %
EPS (adj.)	0.37	0.40	0.43
Dividend	0.08	0.12	0.18
Dividend %	1.4 %	1.6 %	2.5 %
P/E (adj.)	15.3	18.2	17.2
EV/EBITDA	8.4	10.5	9.1

Nokia: Firmly forward

Key Estimate Figures2022-07-22

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