Nokia Corp.

Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.
  • TickerNOK1V
  • ISINFI0009000681
  • ExchangeNasdaq Nordic Helsinki
  • SectorTechnology Hardware & Equipment
  • CountryFinland

Analysts

Research Department

INFORME DIARIO 19 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: SECTOR BANCOS, TELEFÓNICA. EUROPA: NOKIA. Maquillando la semana Las bolsas se recuperaron el viernes con avances cercanos al +1,5% para maquillar las pérdidas del inicio de la semana. En el Euro STOXX lideraron las subidas Bancos y R. Básicos mientras que Químicas y Energía estuvieron a la cola de los avances. Por el lado macro en España la Airef rebajo su previsión de crecimiento del PIB para 3/4T’19 por debajo de su previsión anterior de 0,5% ante la debilidad de la demanda. En Alemania la Ministra de Finanzas sugirió que el país podría inyecta...

Research Department

INFORME DIARIO 01 JULIO (ANÁLISIS BANCO SABADELL)

INFORME DIARIO 01 JULIO (ANÁLISIS BANCO SABADELL)

Stephane Houri

Nokia : Q2 should mark a real improvement, but full-year forecasts revised down to the low end of the range - Buy reiterated

>We anticipate a significant improvement in Q2 results after a very disappointing Q1 - Nokia is due to publish Q2 2019 results on 25 July. After a particularly disappointing Q1 2019 performance (which had been expected), with sales down -2% at constant forex (networks at 0% after +6% in Q4) and an extremely low gross margin (which had not been anticipated) at 31.4% (vs 39.4% in Q1 19), we expect a significant improvement in Q2 2019. A share of the Q1 2019 underperform...

Stephane Houri

Nokia : Le T2 devrait marquer une nette amélioration, mais nous ramenons nos prévisions annuelles dans le bas de la fourchette – Achat réitéré

>Nous attendons une amélioration significative des résultats au T2 après un T1 qui avait été très décevant - Nokia publiera ses résultats T2 2019 le 25 juillet prochain. Après un T1 2019 particulièrement décevant, où l’activité avait été faible (ce qui était attendu), avec un CA à -2% à cc (réseaux à 0% après +6% au T4) et surtout une marge brute extrêmement faible (ce qui n’était pas attendu) à 31.4% (vs 39.4% au T1 2019), nous nous attendons à une amélioration signi...

Mark Cash

Morningstar | Nokia Looks to 5G Rollouts for Growth

Nokia's revenue primarily originates from selling telecommunication hardware, software, and services to communication service providers. CSP equipment spending provides robust growth during generational wireless upgrade cycles followed by spending lulls. 2018 welcomed the start of the next CSP spending surge that should provide Nokia with tailwinds as 5G networks proliferate. 5G's promise of connecting billions of wireless devices at incredible speed across more spectrum bands, along with more use cases than 4G, may offer Nokia more upside than previous wireless generations. However, we do not...

9 directors bought/sold

Nine Directors at Nokia Corp bought/sold 37,947 shares at between 4.575EUR and 4.941EUR. The significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rul...

Ahmed Ben Salem ...
  • Alain William
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Manuel Martin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/07/2019

...

Alfred Glaser ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Florent Laroche-Joubert
  • Louis Boujard
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/25/2019

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). Cf. report published this morning. - ...

Alfred Glaser ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Florent Laroche-Joubert
  • Louis Boujard
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/06/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/25/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/04/2019

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Nokia

Nokia

NOKIA OYJ sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of NOKIA OYJ (FI), a company active in the Telecommunications Equipment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 16, 2019, the closing price was EUR 4.58 and its potential was estimated at EUR 5.07.

Nokia

Nokia

MarketLine Department

Ciena Corporation - Strategy, SWOT and Corporate Finance Report

Summary Ciena Corporation - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Ciena Corporation (Ciena or ‘the company’) is a technology company that provides network systems, software and related services. Its offering include network platform products which enables communication networks and supports the switching, transport, service delivery, aggregation and mana...

MarketLine Department

Motorola Mobility LLC - Strategy, SWOT and Corporate Finance Report

Summary Motorola Mobility LLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Motorola Mobility LLC (Motorola Mobility), a subsidiary of Lenovo Group Limited, is a provider of mobile devices, based in the US. It provides a range of Android smartphones and Bluetooth accessories. The company offers mobile phones such as Moto G, Moto X, Moto E, Moto Z, Moto 360 and...

MarketLine Department

Juniper Networks, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Juniper Networks, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Juniper Networks, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

MarketLine Department

ZTE Corp - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's ZTE Corp Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by ZTE Corp since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This ...

MarketLine Department

Foxconn Technology Co Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Foxconn Technology Co Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Foxconn Technology Co Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive...

Expert Corporate Governance Service (ECGS)

Nokia - AGM 21 May 2019

Although Nokia complies with the practices of the Finnish governance code, we believe that a company listed on 2 markets (such as Nokia which is listed in Finland and in France), should comply with best practices in both markets. We also believe that all major European companies should propose to shareholders a vote on executives’ remuneration. Hence, Nokia should have proposed a vote (at least consultative) on its CEO’s remuneration, as well as the individual election of directors. We consider that for the former shareholders of Alcatel Lucent, there is a shameful shift in governance that ca...

Nokia – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 30/05/2018

We believe that a company listed on 2 markets should therefore comply with both local corporate governance best practices. Although Nokia complies with the Finnish governance code, it fails to adhere to fundamental tenets of the French code. Notably, the company does not provide shareholders with the opportunity to vote on executive remuneration nor does it allow for directors to be elected individually. For the former shareholders of Alcatel-Lucent, this is a significant departure from best practices and hence we voice our concerns in resolutions 9 and 12.

Jehanne Leroy

Proxy Report - 30/05/2018

Nous considérons qu'une société à double cotation se doit d'appliquer les meilleures pratiques de gouvernance des 2 pays de cotation. En l'occurrence, si Nokia se conforme aux pratiques du code de gouvernance finnois, certains principes majeurs de bonne gouvernance préconisés par le code de gouvernance française ne sont pas appliqués, tels que le vote sur les rémunérations des dirigeants ou l'élection individuelle des administrateurs. Nous considérons que pour les anciens actionnaires d'Alcatel-Lucent, il y a là un vrai recul honteux de la gouvernance qui ne saurait être toléré et nous recomm...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global indexes approaching major resistance Broad global indexes are bumping up against logical downtrend resistance. As a result, our outlook remains cautious and our baseline expectation for continued downward pressure on global equities remains intact. At the same time, we are seeing signs that the worst of the declines may be behind us as global cyclical Sectors show RS improvements while defensive Sectors display early signs of RS deterioration. • Regional/Country Overview. The U.S., Europe, and Japan all remain in downtrends from a price perspective, though major resistance levels are...

Jérôme VINERIER

Short term view - NOKIA : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €5.300. Breaking below the support at €4.172 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - NOKIA : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 5,300 €. La rupture du support à 4,172 € invaliderait cette tendance.

Jérôme VINERIER

Short term view - NOKIA : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €5.300. Breaking below the support at €4.172 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - NOKIA : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 5,300 €. La rupture du support à 4,172 € invaliderait cette tendance.

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