Nokia Corporation (NOK) Shares Gap Up Following Strong Earnings

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The counter witnessed a trading volume of 0.4 million shares versus an average volume of 1.1 million shares during last trading session.

For the Current Quarter, the growth estimate for Nokia Corporation is 66.7%, while for the Next Quarter the stock growth estimate is 20%. CWM LLC boosted its position in shares of Nokia Corporation by 2.5% in the first quarter. Brandes Investment Partners LP now owns 11,469,670 shares of the technology company's stock worth $62,166,000 after buying an additional 717,676 shares during the period. Ariel Investments LLC increased its position in shares of Nokia Corporation by 21.1% in the first quarter. Carl Domino Inc now owns 46,400 shares of the technology company's stock worth $251,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 5.90% of the company's stock. Finally, Credit Suisse Group reaffirmed an "outperform" rating and set a $5.75 price objective on shares of Nokia Corporation in a report on Thursday, July 6th.

Nokia Corporation (NOK) has the market capitalization of $36.11 Billion. The stock has a 50-day moving average of $6.30 and a 200 day moving average of $5.63.

The stock Hit its 1-year high of $6.65 on 05/23/17 and its 1-year low price of $4.04 on 11/15/16.

Nokia Corporation (NOK) maintained activity of 16.43 million shares that trade hands on average basis while its relative volume is 0.75. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05.

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11 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 7156.93 million while high and low sale targets are estimated at 7563.54 million and 6909 million respectively. Nokia Corporation had a positive return on equity of 6.57% and a negative net margin of 2.82%. The business's quarterly revenue was down 3.8% compared to the same quarter past year. Equities analysts anticipate that Nokia Corporation will post $0.25 earnings per share for the current fiscal year. During the same quarter in the prior year, the business earned $0.03 earnings per share.

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Nokia Corp (NYSE:NOK) now has a trailing P/E of -48.2 while its forward P/E according to Thomson Reuters is 18.15. Vetr raised Nokia Corporation from a "buy" rating to a "strong-buy" rating and set a $7.08 target price on the stock in a research report on Wednesday, July 5th. Lastly, Zacks Lowered stocks of Nokia Corporation from a "buy" recommendation to a "hold" recommendation in a analysis report on Mon, Jul 17th. BMO Capital Markets restated a "hold" rating and issued a $5.00 price target on shares of Nokia Corporation in a report on Thursday, April 27th. Oppenheimer Holdings, Inc. reissued a "hold" rating on shares of Nokia Corporation in a report on Thursday, April 27th.

Nokia Oyj (ADR) (NYSE:NOK) yearly performance is 6.93%. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Nokia Corporation presently has an average rating of "Hold" and a consensus target price of $6.26.

Nokia Corporation Company Profile Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. Tikvah Management Llc who had been investing in Novadaq Technologies Inc for a number of months, seems to be bullish on the $678.25 million market cap company. The Company's divisions include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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