Overview
- Nokia shares climbed about 6% Friday to roughly $13.65, pushing year-to-date gains past 113%.
- Nokia will transfer its Fixed Wireless Access customer-premises gear used for 5G home internet to Inseego, take an 11% stake, and invest $10 million, with closing targeted for the fourth quarter of 2026.
- First-quarter net sales rose 4% to $5.26 billion as revenue from AI and cloud customers jumped 49%, and the company cited roughly €1 billion in AI-related orders.
- Arete Research upgraded the stock to buy, Morgan Stanley kept an overweight view, and CNBC’s Jim Cramer called Nokia a winner, reinforcing bullish interest.
- Nokia raised its quarterly dividend to $0.0468 and kept its 2026 operating profit outlook at $2.34 billion to $2.93 billion.