NOK

Nokia OyjF

NYSE / Technology Hardware & Equipment

At close

2026-07-21

Current thesis

The constructive case is that Nokia now has multiple primary-source-supported hooks into AI-era network spending: Q4 2025 showed strong optical and IP order intake, management guided to 6-8% Network Infrastructure growth in 2026, and recent Nokia releases show continuing AI-RAN, network API and optical product momentum. If Q1 and subsequent quarters confirm that this demand is converting into cleaner growth and margin expansion, the current debate can shift from restructuring skepticism to execution credibility.

Posture

Defensive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta +1.0.

What can break

AI-RAN and partnership announcements may not convert into near-term revenue or margin gains.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $9.40 · Bull $12.20 · Bear $7.20

Data freshness

Prices

As of 2026-07-21

Fundamentals

As of 2026-07-21 • Vendor: Data Vendor v1

Scores

As of 2026-07-21 • Model: HYBRID_IC_RP

AI Memo

As of 2026-04-21 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-21

Supporting evidence

What

Grade F · Defensive

Confidence Medium · Net Neutral

Target $13.44

Why

Momentum21 · Δ7d -13.1

Value54 · Δ7d +1.0

Sentiment37 · Δ7d +10.6

So what

Weak posture (Net Neutral). Prioritize risk control and patience.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendSoftening

Δ7d

-13.1

Δ21d

-43.9

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+1.0

Δ21d

+1.1

Sentiment

34% active weight

Current posture

7d trendImproving

Δ7d

+10.6

Δ21d

+17.4

Why this grade

Composite grade F. Momentum 21.0 / Value 53.6 / Sentiment 37.4

Fundamentals (TTM)

As of 2026-07-21

Market Cap

$59.92B

Beta

1.33

Shares Out

5.59B

P/E (TTM)

35.9

P/S (TTM)

1.62

P/FCF (TTM)

60.51

Rev YoY

+13.9%

EPS YoY

-256.5%

Gross Margin

+43.5%

Op Margin

+6.0%

Net Debt

-$2.36B

Current Ratio

1.57

As of 2026-07-21 • Updated nightlySource: Internal modelMethodology