Nokia (NYSE:NOK) Hits New 1-Year High – Here’s Why

07 May 2026, 21:52 by Scott Moore · The Cerbat Gem

Nokia Corporation (NYSE:NOK – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.98 and last traded at $13.3450, with a volume of 45936782 shares traded. The stock had previously closed at $13.14.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

Positive Sentiment: Nokia and Lockheed Martin announced a mission‑critical, open‑architecture 5G offering for defense — a strategic, high‑visibility win that boosts Nokia’s positioning in secure, high‑margin government and defense spending. Nokia and Lockheed Martin Roll Out Mission-Critical 5G Technology
Positive Sentiment: Additional coverage highlighting Nokia/Lockheed’s open‑architecture 5G for defence reinforces the same partnership news and underscores potential recurring revenue from defence/private 5G contracts. Nokia and Lockheed launch open-architecture 5G for defence
Positive Sentiment: Nokia and Trilogy NextGen deployed private wireless solutions at Hybar’s smart steel mill — another industrial customer win that supports expansion of Nokia’s private wireless/enterprise revenue stream. Trilogy NextGen and Nokia power Hybar’s smart and sustainable steel mill factory with private wireless solutions
Positive Sentiment: Argus upgraded NOK to Buy with a $15 target, citing longer‑term upside — a bullish analyst vote that can support share gains. Nokia (NOK) Upgraded to Buy at Argus
Positive Sentiment: Arete also upgraded Nokia to Buy, pointing to hyperscale data center exposure and AI/cloud tailwinds — analyst momentum is building around Nokia’s optics and data‑center narrative. Arete Upgrades Nokia (NOK) to Buy
Positive Sentiment: Analysis argues Nokia’s optical networking business is a key catalyst as AI/data‑center buildouts accelerate; the piece highlights strong growth potential and strategic relevance to hyperscale customers. Nokia’s Optical Networking Business Is A Solid Investment Catalyst
Neutral Sentiment: Zacks discusses the broader surge in quantum computing ETFs — thematic tailwinds for semiconductors/AI infrastructure can indirectly support networking/optic demand but this is not Nokia‑specific. Why to Bet on Quantum Computing ETFs Now
Neutral Sentiment: A review noting Nokia’s 162% one‑year gain credits 5G, AirScale and O‑RAN traction but flags margin pressure and soft end markets — reinforces that upside is coupled with execution risk. Nokia Surges 162.2% in the Past Year: Reason to Bet on the Stock?
Negative Sentiment: UBS issued a Hold on Nokia — a cautionary signal amid mixed analyst views that may be weighing on the stock despite other Buy upgrades. Nokia (0HAF) Receives a Hold from UBS

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Kepler Capital Markets upgraded Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Barclays restated an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Arete Research raised Nokia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.71.

Read Our Latest Research Report on NOK

Nokia Trading Down 6.5%

The firm has a market cap of $70.82 billion, a price-to-earnings ratio of 77.09, a PEG ratio of 2.55 and a beta of 1.12. The company has a 50-day moving average price of $9.26 and a 200 day moving average price of $7.54. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.

Nokia (NYSE:NOK – Get Free Report) last issued its earnings results on Tuesday, March 31st. The technology company reported $0.06 EPS for the quarter. The business had revenue of $5.21 billion during the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%. As a group, research analysts anticipate that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 12th. Investors of record on Tuesday, April 28th will be given a dividend of $0.0468 per share. The ex-dividend date of this dividend is Tuesday, April 28th. This is a positive change from Nokia’s previous quarterly dividend of $0.04. This represents a $0.19 dividend on an annualized basis and a yield of 1.5%. Nokia’s payout ratio is 81.25%.

Institutional Trading of Nokia

A number of institutional investors have recently bought and sold shares of the company. J2 Capital Management Inc boosted its position in Nokia by 2.0% during the first quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company’s stock valued at $548,000 after purchasing an additional 1,319 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Nokia by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company’s stock valued at $145,000 after purchasing an additional 1,450 shares during the last quarter. Kathmere Capital Management LLC boosted its position in Nokia by 14.0% during the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,483 shares during the last quarter. Xponance LLC boosted its position in Nokia by 13.0% during the fourth quarter. Xponance LLC now owns 13,590 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,567 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Nokia by 12.1% during the first quarter. Assetmark Inc. now owns 14,704 shares of the technology company’s stock valued at $118,000 after purchasing an additional 1,591 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Company Profile

(Get Free Report)

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.