contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


nokia-valuation-modest-improved-performance

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Atte Riikola

Nokia is a global telecommunications company. The company offers solutions in IP, broadband, digital health, and cloud-based systems. The customers are found in a broad base of markets and consist of large corporate customers, authorities, and private consumers. The business is established on a global level in all regions. Nokia was founded in 1865 and the head office is located in Esbo, Finland.

- – 7 Feb 26              Nokia Unveils World’s Largest Fixed Network R&D Facility in Chennai, Expands...    Finnish telecom giant Nokia has inaugurated its world’s largest research and development facility for fixed networks in Chennai, marking a major boost for Tamil Nadu’s growing reputation as a global telecom and deep-tech hub. The new facility,...

https://x.com/nokiaindustries/status/2019602627902804327?s=20  Nokia and #CominAsia have signed an MoU to deliver a full end-to-end AI on premises #datacenter solution in Southeast Asia—combining Comin Asia’s engineering systems integration expertise with Nokia’s networking technology to enable secure, scalable #AI for enterprises.  What is the partnership about?  Turnkey AI: The partnership offers companies a ready-made solution where Comin Asia is responsible for design and systems integration, and Nokia provides the network infrastructure (7220 IXR switches, SR Linux & Event-Driven Automation (EDA) software, and ..). On-premises focus: Unlike traditional cloud services, in this model, AI computing takes place on the company’s own premises. This is critical for data security, regulations (such as data sovereignty), and extremely low latency. Market area: The focus is on Southeast Asia, which is one of the world’s fastest-growing data center markets. Specifically, Thailand, Vietnam, and Cambodia are areas where Comin Asia has a strong foothold.

To clarify, 5G radio network coverage is ~ 95%. That 2% refers to 5G SA Core, which hasn’t progressed at the same pace as the radio network due to 5G NSA. It’s not a very substantial investment for operators now that the LTE Core is already VNF/CNF. AI could prove to be a significant booster for the transition as the number of AI-supporting terminals increases..

Yeah, that’s where the resistance is, so it’s essentially acting like a magnet trying to push the price lower. The USD-denominated one is likely more dominant, and the resistance zone is 6.80-7.00 USD. If it breaks through (with a close above as well), there would likely be a fairly brisk rally.

@lexus apparently 6€ is pulling like a magnet in the technical chart? In the US as well, Nokia is once again swimming against the tide and the close was excellent while other tech stocks were mostly falling freely.

And Coherent reported its earnings – here are a few highlights. Lumentum rose 7% yesterday, but Coherent fell 8%.   Massive CPO order: Coherent has received an “exceptionally large” order confirmation from the market leader (likely referring to Nvidia) for a CPO solution that includes their new high-power CW laser. Deliveries will begin in late 2026. 6-inch InP leadership: Coherent claims to be the world’s first to have 6-inch InP (Indium Phosphide) production lines operational in Sherman (Texas) and Järfälla (Sweden). This quadruples the chip count per wafer and halves costs compared to traditional 3-inch wafers. 1.6T and 800G side-by-side: Demand for 1.6T modules is accelerating, but 800G will remain the volume product throughout 2026. OCS growth: The order backlog for Optical Circuit Switches (OCS) grew, and they already have over 10 customer projects. The market is estimated to be over $2 billion by the end of the decade.   But I’m not quite sure about that claim by Coherent.                   AIXTRON              AIXTRON SE Investor Relations − An Investment with a Future    Clear goals – long-term success. "Building trust and confidence − by means of comprehensive reporting." - Guido Pickert, Vice President Investor Relations                              The G10-AsP will enable Nokia to produce 6-inch Indium Phosphide (InP) wafers, marking a significant milestone in the evolution of Photonic Integrated Circuits (PICs).  The press release mentions, by the way, that the PIC market will grow from $12 billion (2023) to $41 billion (2031). Nokia made this order in 04/2025, likely for the new San Jose factory. So in that sense, it is possible that Nokia is behind Coherent here since the factory is not yet in production. Competitors are reporting wins; it would be nice to hear Nokia also explaining in more detail what wins they have had, or if they have any? It seems a bit like Nvidia is grabbing all the world’s InP capacity for itself, and Nokia, Coherent, and Lumentum are probably all involved in the Rubin architecture.

Nokia surpasses 1,000 private network contracts in Q4 2025 https://www.fierce-network.com/wireless/nokia-passes-1000-private-network-contracts-q4

Nokia

Nokia ended the year with a strong earnings beat, and the turnaround that the company's strategy has been aiming for has been right on track for the past two years. 

<p>Nokia ended the year with a strong earnings beat, and the turnaround that the company's strategy has been aiming for has been right on track for the past two years. The company's comparable operating profit has taken a leap from the previous level of around EUR 2 billion to over EUR 3 billion, while the quality of the result has improved due to reduced one-off items. Nokia's share valuation (2023e P/E 10x) looks low already considering the current performance, and with good execution of the strategy there is still room for earnings growth through both top-line growth and margin improvement.</p> 

	2022	23e	24e
Revenue	24,911.0	25,772.8	25,880.6
growth-%	12.2 %	3.5 %	0.4 %
EBIT (adj.)	3,109.0	3,190.0	3,370.5
EBIT-% (adj.)	12.5 %	12.4 %	13.0 %
EPS (adj.)	0.44	0.43	0.45
Dividend	0.12	0.18	0.22
Dividend %	2.8 %	3.1 %	3.7 %
P/E (adj.)	9.9	13.6	13.2
EV/EBITDA	6.2	7.8	7.0

Nokia: Valuation is modest with improved performance

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Key Estimate Figures26.01.2023

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