News headlines about Nokia Oyj (NYSE:NOK) have been trending very negative on Friday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nokia Oyj earned a news sentiment score of -3.00 on their scale. InfoTrie also gave news stories about the technology company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Nokia Oyj’s score:
- Nokia Shares Tank as 5G Costs Hit Q1 Outlook (cfo.com)
- Mid-Day Market Update: Nokia Falls Following Guidance Cut; CIM Commercial Trust Shares Climb (benzinga.com)
- Nokia Slumps 22% on Weak Outlook, Dividend Rollback (finance.yahoo.com)
- Investor Alert: Ademi & O’Reilly, LLP Investigates Possible Securities Fraud of Nokia Corporation (finance.yahoo.com)
- Why Microsoft’s Good Earnings Were Bad News for Ciena Stock and Arista Networks (finance.yahoo.com)
Several equities research analysts recently weighed in on the company. Raymond James cut Nokia Oyj from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $7.50 to $5.00 in a report on Thursday. ValuEngine upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Craig Hallum restated a “buy” rating on shares of Nokia Oyj in a report on Friday, August 30th. Charter Equity upgraded Nokia Oyj from a “market perform” rating to a “buy” rating in a report on Friday, July 26th. Finally, Santander upgraded Nokia Oyj from an “underweight” rating to a “buy” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $6.29.
NYSE NOK opened at $3.90 on Friday. Nokia Oyj has a fifty-two week low of $3.83 and a fifty-two week high of $6.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.05 and a current ratio of 1.34. The stock has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $5.17. The stock has a market cap of $29.00 billion, a P/E ratio of 14.44 and a beta of 0.29.
Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, July 25th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Nokia Oyj had a positive return on equity of 7.84% and a negative net margin of 2.26%. The business had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter last year, the business posted $0.03 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts predict that Nokia Oyj will post 0.27 earnings per share for the current year.
About Nokia Oyj
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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