Overview
- Nokia shares rose 6.7% to close at $8.82 on Monday on heavier-than-usual trading, marking a sharp break from weeks of smaller moves.
- Following Monday’s rally, the stock traded down about 3% to $8.60 in Tuesday premarket as Benzinga noted weaker U.S. stock futures.
- Coverage credits gains in cloud networking and enterprise deals, with Nokia described as the only supplier delivering both Open RAN gear, which uses open interfaces, and live 5G Cloud‑RAN, which runs network functions in the cloud.
- Analysts expect the April 23 report to show EPS of $0.06 and revenue of $5.38 billion, while consensus forecasts have held steady in recent weeks.
- Nokia is also pushing into broadband through passive optical networking and, on March 31, signed a multi‑year 5G RAN agreement with Virgin Media O2 in the U.K.