Nokia Stock Soars on 5G Deals Ahead of Earnings – Analysts Eye Bright Outlook
Nokia shares hit a 52-week high of $5.79 this week after announcing major 5G contracts in Europe, Africa, Japan, and Finland. The company reports Q3 earnings Oct. 23, with analysts expecting €0.06 EPS on €4.6 billion revenue. Nokia is shifting toward AI and optical networking under new CEO Justin Hotard. Competition remains strong, with Ericsson gaining in North America and China limiting foreign telecom gear.