HELSINKI, July 7, 2026, 17:04 EEST
- Nokia shares in Helsinki slipped 4.1% to €10.58. The stock remains 29% under its 52-week high.
- Nokia shares slipped after the company and FiberCop signed a fibre-sensing MoU, a minor but new sign for Nokia’s AI-optics push.
- Nokia’s U.S. ADRs slipped, pulling back after they rallied on Monday.
- Nokia will release its Q2 and half-year numbers on July 23.
Nokia Oyj HEL:NOKIA dropped in Helsinki on Tuesday, reversing more of the AI-optical-network gains that took the Finnish telecom group to a 16-year high earlier this year.
The shares changed hands at €10.58 as of 17:02 Helsinki time, off 4.08% for the session, with a range from €10.52 to €10.88. Around 4.91 million shares traded, roughly 25% of the typical 19.55 million average. Nasdaq Helsinki regular hours are 10:00 to 18:30, so this was not a closing price.
| Nokia tape | Latest | Change | Volume | Marker |
|---|---|---|---|---|
| HEL:NOKIA | €10.58 | -4.08% | 4.91 mln | 17:02 EEST |
| NYSE:NOK | $12.24 | -2.16% | 10.78 mln | 13:49 UTC |
| Monday ADR close | $12.51 | +3.65% | 50.1 mln | vs Nasdaq Composite +1.12% |
Nokia Oyj’s U.S.-listed shares NYSE:NOK traded at $12.24 early after giving up some of Monday’s 3.65% pop to $12.51. That Monday gain topped the Nasdaq Composite’s 1.12% rise and the Dow’s 0.29% move.
The soft trading today isn’t for lack of new headlines in optical networks. FiberCop and Nokia said July 6 they signed an MOU to test tech that lets fiber access networks work as distributed sensors to spot weather events, faults and anomalies.
Stefano Paggi, chief technology and operations officer at FiberCop, said the aim is to look at “new application possibilities.” Nokia’s John Harrington said: “Networks no longer simply carry data; they also help operators understand what is happening in real time.” FiberCop
This is key as FiberCop counts 28 million kilometres of fibre that operators can use, with ultrabroadband on over 96% of active lines and FTTH now at about 46% of national property units. Tests will happen in FiberCop labs and on isolated fibre, with financial terms not shared.
| Investor test | Current data | Why it matters |
|---|---|---|
| Share price vs 52-week high | €10.58 vs €15.00 | Shares are about 29% off the top |
| Share price vs 52-week low | €10.58 vs €3.42 | Price is over three times the low point |
| P/E ratio | 75.10 | High valuation puts pressure on earnings |
| Market value | €60.75 bln | Company trades above a typical legacy telecom name |
Nokia trades on a multiple above Telefonaktiebolaget LM Ericsson ADR NASDAQ:ERIC but below optical-network player Ciena Corp NYSE:CIEN. Cisco Systems Inc NASDAQ:CSCO, which covers more of the networking space, trades at an even lower multiple.
| Company | Ticker | Latest move | P/E |
|---|---|---|---|
| Nokia Oyj | HEL:NOKIA | fell 4.08% | 75.10 |
| Ericsson ADR | NASDAQ:ERIC | added 1.19% | 13.91 |
| Ciena Corp | NYSE:CIEN | dropped 2.52% | 140.76 |
| Cisco Systems | NASDAQ:CSCO | slipped 0.44% | 37.72 |
Nokia’s next test comes July 23, when the group will post Q2 and half-year results. After first-quarter earnings, Nokia guided for Q2 net sales up 5% to 9% sequentially, and said comparable operating profit would be around 12% to 16% of its 2024 goal.
Nokia posted a first-quarter comparable operating profit of €281 million in April, up 54%. Comparable net sales hit €4.5 billion. The company kept its full-year comparable operating profit forecast at €2.0 billion to €2.5 billion. It also raised its 2026 Network Infrastructure net sales growth assumption to 12% to 14%.
Nokia’s AI and cloud sales grew 49% in Q1, Reuters reported in April, with the group landing €1 billion in fresh orders. CEO Justin Hotard said at the time that Nokia was running “somewhat above” the midpoint for its full-year profit outlook. reuters.com
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