Nokia (NOK)

Learn everything you need to know about Nokia and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Mar 22, 2023
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About Nokia

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What is Nokia?

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Nokia is a technology company that provides telecommunications equipment and services. Founded in 1865 by Fredrik Idestam in the town of Nokia, Finland, the company has operated in numerous industries, including rubber, cables, and electronics.

It is best known for its mobile phones, which became popular in the 1990s and early 2000s. Nokia was a leading manufacturer of mobiles in the early years and had a dominant market share. However, the rise of smartphones from the likes of Apple and Samsung has resulted in Nokia struggling to keep up with the competition.

How does Nokia make money?

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Nokia makes money from several sources and is split into different segments. These include network infrastructure, licensing, software and services, and other businesses.

It is one of the leading providers of telecommunication infrastructure and 5G equipment. It also has an extensive portfolio of intellectual property rights which it licenses to other businesses.

Nokia provides software solutions for various industries and has many other businesses, such as Nokia Technologies, which focuses on new technology.

What is Nokia’s best selling product?

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Nokia’s best-performing business segment is its Network Infrastructure, which in the final quarter of 2022 generated €7.1 billion in net sales. Its mobile access business was the largest contributor within the sector, with net sales of €4.9 billion.

Who are the key executives at Nokia?

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The current CEO of Nokia is Pekka Lundmark. Here are a few other members of its leadership team.

  • Pekka Ilmari Lundmark. Pres & CEO
  • Marco Wiren. Chief Financial Officer
  • Stephan Prosi. VP of Corp. Controlling & Accounting
  • Nishant Batra. Chief Strategy & Technology Officer
  • David Terence Mulholland. Head of Investor Relations
  • Esa Niinimaki. Chief Legal Officer, Corp. & Sec. to the Board
  • Amy Hanlon-Rodemich. Chief People Officer
  • Maria Rosaria Varsellona. Exec. Officer
  • Qais Esrawee. Head of Sub-Region, Lower Gulf, Afghanistan & Pakistan – Networks Bus.

Where can I buy shares in Nokia?

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You can buy Nokia stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in Nokia?

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The simplest way to invest in Nokia is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.

Nokia is part of the Nyse index, so you can invest in an ETF that tracks that index, or choose a 5G ETF that lets you own a basket of related stocks from the same industry.

More about the NOK price

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What is the Nokia stock price today?

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The NOK stock price today is currently $4.64 as of 22 March, 2023. The price of Nokia is down 14.86% over the last 52 weeks. You can use the live Nokia stock chart to track the NYSE:NOK price in real time above, or compare the Nokia value today to its past performance using the Nokia financials tab at the top of this page.

What is the 52-week low for Nokia stock?

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The 52-week low for Nokia stock is $4.08. NOK stock is currently 13.36% above the 52-week low.

What is the 52-week high for Nokia stock?

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The 52-week high for Nokia stock is $5.60. NOK stock is currently 12.05% below the 52-week high.

What is the stock forecast for Nokia?

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The average Nokia stock forecast has a price target of $6.34 by the end of 2023. Nokia’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.

It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.

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FAQs

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Latest Nokia news

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Recent Nokia analysis

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.