- Nokia hits 52-week highs: Nokia Oyj (NYSE: NOK) surged ~14% in early October, reaching a 52-week high near $5.49 by Oct. 14ts2.tech. It continued climbing to around $5.54 on Oct. 15 and this week touched $5.79 – its highest in a yearts2.techmarketbeat.com. Helsinki-listed shares similarly closed near multi-year highs (~€4.84) amid the rally1 .
- Big 5G contracts fuel rally: Nokia announced major telecom deals that boosted investor optimism. On Oct. 14 it extended a 5G network partnership with Vodafone/Vodacom across Europe and Africats2.tech, and secured a £2 billion UK 5G rollout contract (with Ericsson) to upgrade ~7,000 sites after the Vodafone–Three mergerts2.tech. It also won a “green” 5G network deal in Japan (Rakuten Mobile) using Nokia’s power-saving optical tech (cutting energy use ~24%) and expanded a core network upgrade with Finland’s Elisa (targeting 20% energy savings)2 .
- Earnings on tap (Oct 23): Nokia reports Q3 results tomorrow, with analysts expecting ~€0.06 EPS on €4.6 billion revenuegurufocus.com. In Q2, Nokia posted $5.34 billion sales (above forecasts) but only $0.05 EPS (slightly missing estimates)ts2.tech. The company trimmed its 2025 profit outlook in July (to €1.6–2.1 billion from €1.9–2.4 billion) due to tariffs and a strong dollarts2.tech, so investors will watch if guidance improves.
- Strategic shifts (AI and optical): Under new CEO Justin Hotard, Nokia is pivoting toward AI and advanced networking. It completed a $2.3 billion acquisition of U.S. optical firm Infinera earlier this year to bolster its data center and 5G backhaul capabilitiesreuters.comsubmarinenetworks.com. Nokia is also integrating artificial intelligence into its products – in early October it licensed HPE’s AI-powered RAN controller software to automate 5G/6G networksts2.tech, even hiring HPE’s developers to help build out the platformts2.tech. These moves aim to improve Nokia’s high-margin businesses (cloud networking, patents, and cybersecurity) and drive future earnings growth3