|Bid||3.8400 x 312600|
|Ask||3.8600 x 38800|
|Day's range||3.7800 - 3.8600|
|52-week range||2.3400 - 5.7700|
|Beta (5Y monthly)||0.38|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.22 (5.82%)|
|Ex-dividend date||29 Jul 2019|
|1y target est||N/A|
Nokia (NOK) achieves record-breaking 5G speeds in its Over-the-Air network, backed by 800 MHz of millimeter-Wave spectrum and Dual Connectivity technology.
Nokia, which axed its dividend after a profit warning in October to preserve cash, is battling with China's Huawei [HWT.UL] and Sweden's Ericsson in the race to build next-generation 5G networks. "We are pleased to have pre-financed our 2021 and 2022 maturities in-line with our prudent capital structure management," Chief Financial Officer Kristian Pullola said in a statement. Nokia said it accepted 66% of notes tendered and 350 million euros of its March 2021 notes would remain outstanding after settlement of the offer.
The stock sell-off we have experienced in recent weeks has probably led some to look for bargains on the stock market. As most investors know, a low nominal stock price does not necessarily mean a stock has become a bargain. A lower stock price can change the value proposition of many stock investments.
The novel coronavirus pandemic is giving dividend-focused investors sleepless nights. Companies are now concerned with preserving their balance sheets to ride out the economic impact of the COVID-19 disease, and that has resulted in dividend cuts and suspensions. Despite the uncertainty, Microsoft (NASDAQ: MSFT), Cisco (NASDAQ: CSCO), and NVIDIA (NASDAQ: NVDA) are three stocks that dividend investors should consider for their portfolios.
Nokia plans to issue new euro-denominated fixed-rate notes, the Finnish telecom equipment maker said on Wednesday, and a lead manager told Reuters it was set to raise 1 billion euros from demand of 5.7 billion euros. Nokia also issued an offer to buy back for cash its 1% notes due March 15, 2021 for up to 500 million euros. The purpose of the tender offer is to manage Nokia's overall indebtedness, it said a statement.
Rajeev Suri, President and CEO of Nokia; and Kristian Pullola, CFO of Nokia, are here with me today via conference call today. During this call, we'll be making forward-looking statements regarding the future business and financial performance of Nokia and its industry.
Nokia's (NOK) first-quarter 2020 results reflect higher gross profit in Mobile Access within Networks and Software, lower amortization as well as progress related to cost-saving program.
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue as it took a hit of about 200 million euros ($217 million) to its topline largely because the COVID-19 pandemic disrupted supply from operations in China. Nokia reported January-March revenues falling to 4.9 billion euros, missing the 5.1 billion euro consensus figure, according to Refinitiv data. Nokia said majority of the coronavirus impact will be in the current quarter and expects a seasonally strong second half of the year.
The Finnish company, battling with China's Huawei and Sweden's Ericsson , is trying to strengthen its 5G slate and looking to deployment by U.S. telecom companies for growth. Nokia, which will publish earnings on April 30, is expected to report revenue of 5.1 billion euros (4.44 billion pounds), up 1.25% from a year earlier, according to Refinitiv data based on eight analysts. Nokia, which axed its dividend after a profit warning last October, is awaiting the arrival of former executive Pekka Lundmark from energy group Fortum in September who will replace Rajeev Suri.
"This is an important agreement for the future of connectivity in one of the world's largest telecoms markets and solidifies our position in India," Nokia Chief Executive Officer Rajeev Suri said in a statement. Nokia said the Indian firm's rollout, which will also lay the foundation for providing 5G connectivity in the future, will see some 300,000 radio network units deployed across nine circles in India, but did not give any financial details of the deal. Nokia said the deal includes Nokia's Single Radio Access Network solution, AirScale Radio Access, Baseband, related Services, and it will be completed by 2022.
Benefits from overall industry demand and strong growth related to enterprise customers are likely to get reflected in Nokia's (NOK) first-quarter 2020 results.
Despite the worldwide coronavirus-led mayhem that caused short-term financial impacts, both AT&T (T) and Ericsson's (ERIC) first-quarter 2020 adjusted earnings match estimates.
Nokia (NOK) partners with U.S. Cellular to deploy additional spectrum, address the upsurge in data demand requirements and detect malware threats amid the COVID-19 pandemonium.
Amid fierce competition and pricing pressure, Nokia is reportedly on the verge of a hostile takeover by an unnamed private equity firm.
"Nokia does not comment on market rumours," said a spokesman for the company. Earlier on Thursday shares in Nokia surged 12.5%, with traders pointing to a report by online newspaper TMT Finance that said the group was working to defend itself from a hostile takeover bid for parts or all of its business. The TMT Finance report said Nokia had hired Citi, a regular investment banking partner of the Finnish firm, for the deal which could be worth $17.4 billion.
While Knowles (KN) issues preliminary results for first-quarter 2020, Intelsat (I) is seeking the cushion of a bankruptcy loan to sustain operations.
Nokia (NOK) secures a deal with OnePlus to incorporate its proprietary OZO Audio technology in the latter's flagship model, OnePlus 8 Pro.
Nokia (NOK) launches dynamic spectrum sharing solution and AirScale All-in-Cloud base station that enables CSPs to support 5G network deployments as well as optimize cloud services on a global scale.