- Nokia's Q1 earnings and revenue both fell short of market expectations.
- Despite the misses, Network Infrastructure and Cloud Services revealed notable growth.
- Analysts are cautious, indicating a "Hold" status, with a forecasted price target potential upside of nearly 5%.
Nokia (NOK, Financial) released its latest financial results, reporting a Q1 Non-GAAP earnings per share of $0.03, which missed expectations by $0.01. Additionally, the company disclosed a revenue figure of $4.39 billion, falling $90 million short of projections. Despite these misses, there was a silver lining as Nokia's Network Infrastructure and Cloud and Network Services sectors exhibited impressive growth rates of 11% and 8%, respectively.
Wall Street Analysts Forecast
Wall Street analysts have provided their one-year price targets for Nokia Oyj (NOK, Financial). The average target price stands at $5.58, with estimates ranging from a high of $7.00 to a low of $3.80. This average target suggests a potential upside of 4.99% from the current trading price of $5.31. For more comprehensive estimate data, visit the Nokia Oyj (NOK) Forecast page.
The consensus among brokerage firms reflects a cautious stance, with Nokia Oyj (NOK, Financial) receiving an average brokerage recommendation of 2.6, indicating a "Hold" rating. The scale used ranges from 1, indicating a Strong Buy, to 5, indicating a Sell.
GF Value Analysis
According to GuruFocus estimates, the GF Value for Nokia Oyj (NOK, Financial) is estimated to be $4.24 in one year, implying a downside of 20.15% from the current price of $5.31. The GF Value is an assessment of what the fair value of the stock should be, calculated based on historical trading multiples, past business growth, and future business performance estimates. For a more detailed analysis, visit the Nokia Oyj (NOK) Summary page.
