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Nokia Slides as Investors Focus on Reported Loss, Restructuring, and Unchanged Underlying Outlook

Nokia Corporation (NOK) is down 5.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied less to top-line growth and more to investor caution around weaker reported profitability, faster restructuring, and guidance that was only technically raised rather than improved on an underlying basis. This could be because traders focused on near-term execution and cash concerns even as AI and cloud demand remained strong.

Details:

  • Nokia posted Q2 net sales of EUR 4.815 billion, up 8% year over year, while comparable operating profit rose 18% to EUR 434 million and comparable operating margin improved to 9.0%.
  • Reported results were much weaker: operating profit swung to a EUR 50 million loss from a EUR 147 million profit a year earlier, and reported diluted EPS was EUR 0.00.
  • The company said the drop in reported margin was driven by a faster pace of restructuring, and it now expects EUR 800 million of restructuring charges in 2026.
  • Full-year comparable operating profit guidance moved to EUR 2.1 billion to EUR 2.6 billion, but Nokia said the change was due to classifying two businesses as discontinued operations, while its operational outlook itself was unchanged.

    • Sources:

    Nokia, SEC, Euronext

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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    $NOK Hedge Fund Activity

    We have seen 372 institutional investors add shares of $NOK stock to their portfolio, and 173 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $NOK Congressional Stock Trading

    Members of Congress have traded $NOK stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $NOK stock by members of Congress over the last 6 months:

    To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

    $NOK Analyst Ratings

    Wall Street analysts have issued reports on $NOK in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Morgan Stanley issued a "Overweight" rating on 02/09/2026

    To track analyst ratings and price targets for $NOK, check out Quiver Quantitative's $NOK forecast page.

    $NOK Price Targets

    Multiple analysts have issued price targets for $NOK recently. We have seen 3 analysts offer price targets for $NOK in the last 6 months, with a median target of $15.0.

    Here are some recent targets:

    • Sandeep Deshpande from JP Morgan set a target price of $21.0 on 06/12/2026
    • Jim Kelleher from Argus Research set a target price of $15.0 on 04/27/2026
    • Terrance Tsul from Morgan Stanley set a target price of $8.0 on 02/09/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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