Nokia, U.S. dollar and Last Quarter
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Options Corner: Nokia's Earnings Implosion Possibly Creates Deep Value For Risk-Tolerant Speculators
While Nokia disclosed poor Q2 earnings results, NOK stock is now flashing a quantitative reversal signal that could appeal to speculators.
As HMD and Nokia's brand licensing deal slowly draws to an end, it looks like Nokia is soliciting new brand licensees.
Nokia’s Network Infrastructure unit overtook Mobile Networks in Q2, reflecting a shift toward AI demand. Enterprise sales hit records; traditional telco sales declined.
The telecom-equipment company’s stock had already sold off following Ericsson results last week, which were impacted by similar currency and tariff headwinds.
The proposed class action ERISA lawsuit centers on two poorly performing funds offered by the $9 billion 401(k) plan covering more than 27,000 current and former employees of the giant telecommunications equipment maker.
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The Finnish maker of telecommunication equipment cut its earnings expectations as currency headwinds and tariff costs damp the outlook for profitability this year.
Memphis Light, Gas, and Water (MLGW) signed a deal with Nokia to deploy the first private 5G network by a U.S. municipal utility, a deployment MLGW COO and SVP Alonzo Weaver said will help the utility support its evolving electrical grid needs.
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Why Nokia Stock Is Sinking Today
Shares of Nokia ( NOK -5.37%) are falling on Tuesday, down 5.4% as of 3:40 p.m. ET. The drop comes as the S&P 500 ( ^GSPC 0.14%) gained 0.1% and the Nasdaq Composite ( ^IXIC -0.29%) lost 0.3%. Nokia, the telecom company and once cell-phone giant, announced today that it has revised its guidance ahead of its upcoming earnings release.