NOK
Telecommunications equipment
Market cap$44.1B
Updated - ago
Nokia shares traded down 1.04% to $8.09 as investors weighed strong third-quarter AI network sales against negative free cash flow and increased restructuring charges.1 The move reflects a cooling period following the recent earnings report and subsequent analyst rating adjustments.2
Nokia Oyj is a Finnish multinational telecommunications equipment and services company headquartered in Espoo, Finland. Founded in 1865 as a paper mill, Nokia evolved into a global leader in mobile phones during the late 20th century, particularly through its iconic Nokia 3310 and other devices that dominated the cellular market in the 1990s and early 2000s. As the smartphone era emerged, Nokia struggled to maintain its competitive position against iOS and Android-based competitors, leading to significant shifts in its business strategy. Today, Nokia primarily operates as a telecommunications infrastructure company, providing network equipment, software, and services to mobile network operators worldwide. The company is a major player in 5G and 6G technology development, offering solutions for radio access networks, core networks, and cloud services. Nokia also maintains a licensing business, generating revenue from intellectual property patents accumulated over its long history in telecommunications. As a publicly traded company listed on the Helsinki Stock Exchange and New York Stock Exchange, Nokia remains a significant player in the global telecommunications infrastructure market.