Revenue segments as reported by the company.

Communication service providers

Enterprise

Licensees

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

Other operating income and expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Nokia

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks. The Network Infrastructure serves communication service providers, enterprises, webscales and public sector customers. The Cloud and Network Services segment builds around software and the cloud and is focused on driving leadership in cloud-native software and as-a-service delivery models, as demand for critical networks accelerates; and with strong market positions in communications software, private wireless networks, and cognitive (or intelligent) services. The Nokia Technologies segment, building on decades of innovation and R&D leadership in technologies used in virtually all mobile devices used today, is expanding the Nokia patent licensing business, reintroducing the Nokia brand to smartphones through brand licensing, and establishing a technology licensing business. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.

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Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Falling estimates and lost business have left the shares trading at historical lows.

Sell Nokia Stock, Citi Says. It Remains ‘a Value Trap.

In a revised strategy, Nokia (NOK) is aiming to streamline business operations with a lowered operating margin target. It has also shed light on near-term outlook.

Nokia (NOK) Trims Operating Margin Guidance, Revises Strategy

Press ReleaseNokia and Windstream Wholesale achieve 800GE service readiness with 800Gb/s long-haul transport on single wavelength Field trial over 1386km utilized Nokia 800GE routing based on Nokia FP5 silicon and 6th generation PSE-6s super-coherent optics, confirming scale, performance, and power-efficiency of Nokia's optical network solutions As traffic demands soar, trial validates Windstream's ability to migrate to supporting 800GE Wave and IP services efficiently with high spectral efficiency and low power-per-bit over any distance including long-haul links 13 December 2023Espoo, Finland – Nokia and Windstream today announced the successful trial of 800 Gigabit Ethernet (GE) service transmission over a single 800 Gb/s wavelength over a 1,386-kilometer link across Windstream's live network. Utilizing Nokia FP5 IP service routing platforms with 800GE interfaces and Nokia optical transport platforms with 6th generation super coherent Photonic Service Engine (PSE-6s) technology, this demonstration is the first of its kind and validates the readiness of Windstream Wholesale's network to provision 800GE business and wholesale services to support soaring customer traffic volumes.

Nokia and Windstream Wholesale achieve 800GE service readiness with 800Gb/s long-haul transport on single wavelength

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Windstream Wholesale (Windstream), an optical technology leader in fast and flexible advanced solutions, and Nokia Corporation (Nokia), a B2B technology innovation leader, today announced the successful trial of 800 Gigabit Ethernet (GE) service transmission over a single 800 Gb/s wavelength on an over 1,386-kilometer link across Windstream's live network. Utilizing Nokia FP5 IP service routing platforms with 800GE interfaces and Nokia optical transport platf.

Windstream Wholesale and Nokia Achieve 800GE Service Readiness With 800Gb/s Long-haul Transport on a Single Wavelength

Telia Finland selects Nokia's (NOK) 5G Core SaaS and Network as a Code platform for the 5G standalone application innovation program.

Nokia (NOK) Offers 5G Core SaaS to Enhance Network in Finland

AT&T

Nokia on Tuesday cut its operating margin guidance citing tough market conditions for its mobile networks business, just a week after it lost out on a $14 billion AT&T contract to upgrade the firm's U.S. networks.

Nokia cuts margin guidance a week after losing AT&T contract

LM Ericsson Telefon

The Finnish telecom equipment maker said it was “prudent” to lower its 2026 operating margin guidance to 13%, from 14%, citing the market conditions facing its Mobile Networks business.

Nokia Cuts Long-Term Margin Guidance. Blame AT&T and Ericsson.

Press Release Nokia to acquire Fenix Group, strengthening wireless offering in the Defense segment ·  Acquisition of North American Fenix Group will allow Nokia to offer a more comprehensive suite of solutions to its defense customers. 12 December 2023 Espoo, Finland – Nokia, a global leader in telecommunications technology, today announced that it has signed an agreement to acquire Fenix Group, a privately held company that specializes in tactical 3rd Generation Partnership Project (3GPP) communications solutions for the defense communities.

Nokia to acquire Fenix Group, strengthening wireless offering in the Defense segment

Deutsche Telekom AG

Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after losing a deal with a U.S. telecom carrier.

Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract

Nokia CorporationInside information12 December 2023 at 8:00 EET Inside information: Nokia provides an update on group strategy, 2026 comparable operating margin target and preliminary assumptions for 2024 Nokia's business groups will have increased autonomy to pursue growth strategies, portfolio management, investments and strategic partnerships Increases reporting transparency and will provide business group level cash flow reporting and regional sales, beginning 2024 Revises comparable operating margin target to at least 13% by 2026 (previously at least 14%); remains confident in further opportunities to increase margins beyond 2026 Provides initial planning assumptions by business group for 2024, group guidance will follow with Nokia's Q4 results on January 25 Provides further detail on strategy for Mobile Networks to unlock long-term value Espoo, Finland - Today, Nokia will host an investor and analyst event to provide an update on its execution against its group strategy, initial planning assumptions for 2024 and a revised comparable operating margin target for 2026. It will also outline its strategy to give more autonomy to its four business groups.

Inside information: Nokia provides an update on group strategy, 2026 comparable operating margin target and preliminary assumptions for 2024

Press Release  Nokia 5G Core SaaS and Network as Code platform to be used by Telia Finland in new Sirius Program Telia and Nokia have signed a memorandum of understanding to create together a 5G Standalone application innovation program called Sirius that includes 5G Standalone corridors among highways and seaways across national borders in Europe Nokia 5G Standalone Core in a Software-as-a-Service (SaaS) delivery model and Nokia's Network as Code platform to give Sirius Program and Telia Finland greater business agility and faster time to value for monetizing innovative 5G network services. 12 December 2023 Espoo, Finland – Nokia today announced that its 5G Standalone Core SaaS has been selected by Telia Finland as part of a European Union-funded innovation program to give the operator a fully automated and scalable software model for delivering greater business agility and faster time to value in rolling out and monetizing 5G network services.

Nokia 5G Core SaaS and Network as Code platform to be used by Telia Finland in new Sirius Program

Press Release Nokia unveils plans for new state-of-the-art research and development facility for Nokia Bell Labs in New Brunswick, New Jersey technology hub Nokia Bell Labs is reaffirming its commitment to New Jersey, upholding its 80-year heritage of cutting-edge research and innovation in the state. Move will establish New Brunswick as Nokia's new R&D hub on the East Coast and affirms Nokia's commitment to this fast-growing innovation zone in the US.

Nokia unveils plans for new state-of-the-art research and development facility for Nokia Bell Labs in New Brunswick, New Jersey technology hub

Press Release Nokia launches new venture partnerships and venture studio to maximize commercial potential of Nokia Bell Labs' innovations Nokia Innovation Framework evolving with new venture studio and venture partnerships to unleash the full commercial potential of Nokia Bell Labs technologies outside of Nokia's strategic perimeters. A new venture studio with America's Frontier Fund and Roadrunner Venture Studios for commercializing the next generation of critical technology for the US will be situated in New Jersey, the iconic home of Bell Labs innovation for over 80 years.

Nokia launches new venture partnerships and venture studio to maximize commercial potential of Nokia Bell Labs' innovations

Press Release Nokia and BT Group sign agreement to drive new 5G monetization opportunities through telco APIs   Memorandum of understanding covers the utilization of Nokia's Network as Code platform and developer portal with BT Group's cloud-native network 11 December 2023 Espoo, Finland – Nokia and BT Group today announced an agreement to develop new 5G network monetization opportunities through Nokia's Network as Code platform with developer portal (platform) and BT Group's cloud-native network. BT Group, which operates EE – the UK's best mobile network1 – is, like other communications service providers, looking to Nokia's growing ecosystem of developer partners to gain access to simplified network capabilities in the form of software code that can be built into applications for enterprise, industrial, and consumer use cases.

Nokia and BT Group sign agreement to drive new 5G monetization opportunities through telco APIs

Emirates Integrated Telecommunications Company leverages Nokia's (NOK) Airscale radio products to speed up advancements in 5G-Reduced Capability technology.

Nokia (NOK) Solution Expedites 5G RedCap Advancements in UAE

Earlier this week, AT&T said it reached a deal with Ericsson to buy up to $14 billion worth of network equipment over five years.

After AT&T Deal, Jefferies Says Buy Ericcson Stock, Hold Nokia

AT&T awarded Ericsson with a $14 billion deal for commercial-scale Open RAN deployment, boosting Ericsson's prospects. Nokia faces a troubling drop in revenue after losing the contract to Ericsson, leading to potential cost cuts in its Open RAN initiative. Investors may consider related investments in Dell, Intel, and Corning.

Why Ericsson Has Been A Better Stock Than Nokia So Far

Press Release Nokia and Orange set record with 800Gbps transmission trial on 6,600km Dunant live network to prepare for soaring traffic on strategic trans-Atlantic route Trial utilized Nokia 6th-generation super-coherent Photonic Service Engine (PSE-6), signaling readiness of Nokia 1830 family of optical transport platforms to carry next-gen 800GE IP services as global traffic demand soars Field trial validates Orange network capability on transatlantic submarine cable to support 400GE and 800GE transport services over its entire network 6 December 2023 Espoo, Finland – Nokia and Orange today announced the successful completion of a record 800Gbps per wavelength transmission over Orange's award-winning 6,600km Dunant transatlantic route using the Nokia PSE-6s super coherent optics productized in the Nokia 1830 Photonic Services Interconnect – Modular (PSI-M). Conducted under challenging real-world network conditions, the trial validates Orange's ability to increase its existing optical network capacity to support end-to-end 400GE and next-generation 800GE services.

Nokia and Orange set record with 800Gbps transmission trial on 6,600km Dunant live network to prepare for soaring traffic on strategic trans-Atlantic route

American depositary receipts (ADRs) of Nokia (NOK) fell over 5% while Ericsson (ERIC) rose 1.6% in early trading Tuesday after AT&T (T) tapped Ericsson for a $14 billion deal to modernize its wireless network. AT&T shares were up 3%.

Nokia Falls, Ericsson Rises as AT&T Chooses Ericsson for $14B Deal

Finland-based mobile network firm Nokia Oyj (NYSE:NOK) lost out on a major deal to roll out a new network in the U.S. with AT&T (T).

Nokia Stock Hits 3-Year Low After Losing AT&T Deal

Nokia (NYSE: NOK ) lost a key 5G equipment contract to rival Ericsson (NASDAQ: ERIC ), sending NOK stock to a three-year low. NOK was opened this morning at $2.96 per share, a market capitalization of under $17 billion.

NOK Stock Alert: AT&T Sends Nokia Plunging to 3-Year Low

Shares of Nokia Oyj (NYSE: NOK) are down 6.0% on Tuesday after the telecommunications company lost a major deal with AT&T Inc (NYSE: T). Ericsson named the new AT&T supplier AT&T has partnered with Ericsson for 5G equipment that will cater to 70% of its wireless network traffic in the U.S. by late 2026.

AT&T picks Ericsson over Nokia: ‘the downside risk is limited'

AT&T has reached a deal to buy network equipment from Ericsson over five years. ADRs of rival Nokia are falling.

AT&T to Buy Up to $14 Billion of Ericsson Equipment. It's a Blow for Nokia.

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Nokia could be forced to break-up in the wake of AT&T's decision to award a $14 billion contract to its Swedish rival Ericsson to modernize its U.S. telecoms network, an analyst warns.

News for Nokia Stock (NOK)