# Nokia Oyj (NOK)

> Source: Nexqual · https://nexqual.com/NOK · data as of 2026-10-22 20:04 UTC · cite as "Nexqual, Nokia Oyj (NOK), nexqual.com/NOK" · informational, not investment advice.

**Price:** USD 7.88 (-14.81% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 9.25 · day 7.78–8.61 · 52w 5.84–17.45 · market cap $44.1B · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold NOK (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.85 on a 1–5 scale) (13 analysts), mean target USD 14.58 (range 8.4–20.5).
- Total return with dividends: 1Y +27.7% vs S&P 500 +14.9%; 5Y +49.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 0.18, revenue estimate $6.28B.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NOK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.20% | $66.5M | Reduced -92.1% |

## Analysts
Consensus Buy (mean 1.85 on a 1–5 scale), 13 analysts; mean target USD 14.58 (low 8.4, high 20.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-17 | B. Riley Securities | Initiated | Buy | $15 |
| 2026-09-15 | Rosenblatt | Initiated | Buy | $15 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +27.7% | +49.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.8% | +8.3% |
| Volatility (annualized) | 64.3% | 36.5% |
| Max drawdown | -53.2% (Jun 2026→Oct 2026) | -49.1% (May 2026→Oct 2026) |

## Peers (Communication Equipment)
CIEN (Ciena Corporation) USD 322.64 -10.71% · UI (Ubiquiti Inc.) USD 595.62 -2.25% · ERIC (Ericsson) USD 10.38 -0.48% · LITE (Lumentum Holdings Inc.) USD 752.54 -11.54% · HPE (Hewlett Packard Enterprise Comp) USD 55.47 -4.64% · MSI (Motorola Solutions, Inc.) USD 477.81 +2.21%

## More
Full page: https://nexqual.com/NOK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NOK's own 20-F filed 2026-03-05 (https://www.sec.gov/Archives/edgar/data/924613/000162828026015034/nok-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | T-Mobile (TMUS) | "benefits – our largest US customer, T-Mobile" |
| Partner | NVIDIA (NVDA) | "The partnership will add NVIDIA-powered AI-" |
| Partner | Amazon (AMZN) | "In March 2025, Nokia announced it had signed a patent agreement with Amazon." |

Other companies that name NOK in their own reports (relationship from NOK's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) | 10-K 2026-10-14 | "•Leading telecommunications companies, including AT&T Inc., Bell Mobility, Inc., Comcast Corp., Nokia Corp., Rogers Communications Canada Inc., TELUS Communications Inc., Verizon Communications Inc. a…" |
| partner | Innventure, Inc. (INV) | 10-K 2026-03-30 | "Accelsius, which offers two-phase, direct-to-chip liquid cooling solutions for data centers, was launched in 2022 after sourcing technology from the Nokia Corporation ("Nokia"); and Refinity, which in…" |
| supplier | Peraso Inc. (PRSO) | 10-K 2026-03-30 | "During the year ended December 31, 2024, two customers accounted for 10% or more of our net revenues, including Nokia Corporation" |
| supplier | Intuitive Machines, Inc. (LUNR) | 10-K 2026-03-19 | "Our lunar cargo delivery missions include commercial customers including, Columbia Sportswear Company, Nokia Corporation, Aegis Aerospace, AstroForge, Jeff Koons, International Lunar Observatory Assoc…" |
| customer | Ribbon Communications Inc. (RBBN) | 10-K 2026-02-26 | "Further, consolidation has also occurred in the telecommunications supplier and vendor space, including the acquisition by Alianza of the Metaswitch business held by Microsoft (2024), the acquisition …" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.18 | $0.18 | -2.4% | $6.28B | 5 |
| Next quarter (ends 2027-03-31) | $0.07 | $0.07 | +3.9% | $4.94B | 3 |
| Current fiscal year (ends 2026-12-31) | $0.42 | $0.41 | +3.5% | $20.73B | 3 |
| Next fiscal year (ends 2027-12-31) | $0.49 | $0.49 | -1.3% | $22.27B | 8 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 69.6% | ±8.4% |
| 2026-11-06 | 14 | 61.1% | ±10.1% |
| 2026-11-13 | 21 | 59.6% | ±11.8% |
| 2026-11-20 | 28 | 63.3% | ±14.3% |
| 2026-11-27 | 35 | 53.1% | ±13.4% |
| 2026-12-04 | 42 | 53.7% | ±16.4% |
| 2026-12-18 | 56 | 56.2% | ±17.8% |
| 2027-01-15 | 84 | 53.8% | ±20.8% |