Nokia Stock Skyrockets on Major 5G Contracts – Analysts Eye Upside
Nokia’s U.S. shares hit a 52-week high of $5.49 on Oct. 14, up 21% over the past month, as investors responded to major 5G contract wins with Vodafone, Rakuten, and Elisa. The company reports Q3 results Oct. 23, with analysts expecting €0.06 EPS on €4.6 billion revenue. Nokia completed a $2.3 billion Infinera takeover and licensed HPE’s AI RAN tech. Rival Ericsson also posted strong Q3 results, intensifying competition.