Financial Update of Nokia Corporation (NYSE:NOK)


Moreover, Cqs Cayman Lp has 0.95% invested in the company for 450,000 shares. Court Place Advisors LLC's holdings in Nokia Corporation were worth $185,000 as of its most recent SEC filing.

Hedge funds and other institutional investors own 5.91% of the company's stock. Comerica Bank raised its position in shares of Nokia Corporation by 13.5% in the fourth quarter. Parametric Portfolio Associates LLC now owns 2,735,178 shares of the technology company's stock worth $16,849,000 after buying an additional 535,703 shares during the last quarter. Renaissance Technologies LLC raised its position in Nokia Corporation by 705.5% in the second quarter. Wellington Management Group LLP now owns 12,203,887 shares of the technology company's stock worth $66,145,000 after buying an additional 2,331,892 shares during the last quarter.

While considering growth estimates of the company, it has next quarter growth estimates of -15.4% whereas during current quarter it has 20% estimations over growth, comparing to the estimations of 20.8% during current year and 24.1% for next year. Bluestein R H & Co. boosted its stake in Nokia Corporation by 50.0% in the second quarter. M&T Bank Corp now owns 204,731 shares of the technology company's stock worth $1,261,000 after buying an additional 34,716 shares during the last quarter. Wellington Management Group LLP raised its stake in Nokia Corporation by 23.6% in the first quarter.

02/21/2017 - Craig-Hallum began new coverage on Nokia Corporation giving the company a "buy" rating.

Let's have a look at some of the important valuation ratios of the Nokia Corporation (NOK). The Firm has ATR of 0.10 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of active range.

Nokia Corporation (NYSE:NOK) last announced its earnings results on Thursday, July 27th. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. The company had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $5.64 billion.

Analysts have a consensus rating of 2.50 on the stock. Nokia Corporation's quarterly revenue was up.8% on a year-over-year basis. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.05.

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Several other research firms have also issued reports on NOK. BMO Capital Markets set a $6.00 price target on Nokia Corporation and gave the company a "hold" rating in a research report on Wednesday, July 26th.

Nokia Corporation (NOK) reported sales (ttm) of 27.94 Billion, whereas, 10 number of analysts estimated the mean sale of 6391.21 million.

Nokia Corporation (NYSE:NOK) struggling side by side to strengthen its position in stock market. Canaccord Genuity reiterated a "hold" rating and issued a $6.00 price objective on shares of Nokia Corporation in a research report on Monday, May 15th. The stock of Nokia Oyj (ADR) (NYSE:NOK) earned "Buy" rating by TheStreet on Friday, October 16. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

The stock volatility for week was 0.97% while for month was 1.25%.The stock, as of last close, traded 57.43% to its 52 week low and was changed -4.36% from its 52 week high.

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. Nokia Corporation (NOK) is a part of Technology sector and belongs to Communication Equipment industry.