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

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.

Valérie GASTALDY

Medium term view - NOKIA : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €4.900 and €5.679. The trend would be invalidated below the support at €3.421.

Hannu Rauhala

NOKIA - Uncertainty continues around the targets of Networks business

Stephane Houri

Nokia : Buy recommendation reiterated, but the Q4 guidance for Networks is ambitious

>Decent publication for sales, less so for margins - Q3 18 sales came to € 5,458m (vs consensus € 5,408m), down -1% on a reported basis but up +1% at constant currencies (in line with Ericsson). Networks sales came to € 4,888m (vs the consensus € 4,798m), up +3% y-o-y (vs stagnation in the second quarter): the group still expects a commercial roll-out of 5G networks towards the end of 2018. Licences sales came to € 351m (vs the consensus € 365m), down 19% due mainly t...

Stephane Houri

Nokia : Opinion Achat réitérée, mais la guidance T4 sur Networks est ambitieuse

>Une publication correcte sur le CA, moins sur les marges - Le CA T3 18 s'est élevé à 5 458 M€ (vs un consensus à 5 408 M€), à -1% en réel, mais à +1% à cc (en ligne avec Ericsson). Le CA réseaux est ressorti à 4 888 M€ (vs un consensus à 4 798 M€), à +3% en glissement annuel à 4 798 M€ (vs une stagnation au 2ème trimestre) : le groupe prévoit toujours un déploiement commercial des réseaux 5G vers fin 2018. L'activité Licences s'établit à 351 M€ (vs consensus de 365 M...

Mark Cash

Morningstar | 5G Network Demand, Software Focus, Additional Cost Savings Reaffirm Nokia Investment Opportunity

Nokia's third-quarter results were slightly below our expectations, but we retain our longer-term thesis on the no-moat firm. We believe Nokia is poised for strong operational growth through 5G build-outs, a growing software portfolio, the broadening of its revenue stream, and a newly announced cost-reduction program. Management reiterated it is on track to achieve its 2020 targets through productivity improvements and a focus on next-generation products. We reaffirm our $7.60 fair value estimate, while foreign exchange effects increase our European fair value estimate to EUR 6.70 from EUR 6.5...

Mark Cash

Morningstar | 5G Network Demand, Software Focus, Additional Cost Savings Reaffirm Nokia Investment Opportunity

Nokia's third-quarter results were slightly below our expectations, but we retain our longer-term thesis on the no-moat firm. We believe Nokia is poised for strong operational growth through 5G build-outs, a growing software portfolio, the broadening of its revenue stream, and a newly announced cost-reduction program. Management reiterated it is on track to achieve its 2020 targets through productivity improvements and a focus on next-generation products. We reaffirm our $7.60 fair value estimate, while foreign exchange effects increase our European fair value estimate to EUR 6.70 from EUR 6.5...

12 directors bought

Twelve Directors at Nokia Corp bought 61,958 shares at 5.126EUR. The significance rating of the trade was 54/100. 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 rules. The names of...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/26/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/10/2018

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2018

With 2018e FCF (£ 450m +/- £ 100m before restructuring costs) expected to reflect a significant upturn from the low point of 2016 (£ 100m), the group’s medium-term target FCF of £ 1.8bn appears realistic. On this basis, we value the group at 1,120p per share and we are upgrading our recommendation from Neutral to Buy. Cf report published yesterday night. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2018

Avec un FCF 2018 (450 M£ +/- 100 M£ avant coût des restructurations) attendu en fort redressement par rapport au plus bas de 2016 (100 M£), l’objectif affiché par le groupe d’un FCF à 1.8 Md£ à moyen terme semble réaliste. Sur cette base, nous valorisons le groupe à 1 120 p par action et relevons notre recommandation de Neutre à Achat. - Cf étude publiée hier soir. - ...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas Kieffer
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/27/2018

Which stocks should be picked over the summer? We have sought to answer this question by screening the Stoxx 600 using simple criteria: buy stocks with positive 1m, 3m and 6m EPS revision and that are not expensive (maximum premium of 20% on P/E and P/B) relative to their respective sectors. We have selected stocks on which our analysts have Buy recommendations and our chart analyst (Rémy Colombero) has a positive opinion: Ahold, Aegon, Alten, Arkema, Eiffage and Ipsen. Applying a sym...

Nokia

Nokia

Nokia

Nokia

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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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...

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.

Valérie GASTALDY

Medium term view - NOKIA : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €4.900 and €5.679. The trend would be invalidated below the support at €3.421.

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