NOKIA CORP (NOK)
NYSEInformation TechnologyCommunication EquipmentSnapshot 2026-10-23
$8.14+3.30%
Close 2026-10-23 · 1-day change
NYSEInformation TechnologyCommunication EquipmentSnapshot 2026-10-23
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Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Communications Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Revenue growth from AI and optical networking segments: Revenue: EUR 4.82B.
View ThesisThis stock is volatile — it swings about 3% on a typical day and fell roughly 53% in its worst 12-month stretch.
View RiskNokia’s AI and optical networking growth is the central claim, though the desk lacks earnings-history data. Its reported AI and Cloud revenue rose 123% year over year in Q3. However, the desk has no valuation bridge or priced-in assessment to define what the market expects. The specific risk is Nokia’s AI and optical networking revenue pillar under pressure, alongside an elevated 18% next-quarter miss probability. Nokia fell 15% on its earnings day, a price move the desk flags as possible thesis repricing. The thesis is on watch; this read is provisional.
Trailing returns as of 2026-10-23. NOK is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 14 analysts currently covering NOK (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 0 valuation methods, at three horizons. As of 2026-10-23. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Communications Equipment — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put NOK next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Reported Nokia-ICEYE partnership for Ukraine satellite connectivity offers a tangible strategic use case, though scale is unclear.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-23. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Letter of intent signals a potential partnership, but does not establish a binding deal or material revenue.
CEO characterizes supply costs as structurally higher, potentially pressuring margins despite the quarterly beat.
Projected 2027 growth points to meaningful demand-driven expansion in Optical and IP Networks.
Profit beat tied to data-center demand supports growth in a strategic end market.
Reported 9% quarterly sales growth on AI demand signals meaningful end-market momentum.
Revenue growth is offset by higher restructuring costs; headline provides no clear net thesis shift.
Planned AI-RAN trial offers a modest validation opportunity, but remains a trial rather than a commercial deployment.
