Dernières nouvelles pour Nokia (NYSE:NOK) Stock

Nokia

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.

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Ciena Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cien#NYSE">CIEN</a>) can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992. The company has managed to stay relevant, unlike so many internet boom companies, and remains on the cutting edge of the artificial intelligence (AI) revolution. Ciena is essential to the AI boom as it provides one of the crucial elements required&nbsp;for&nbsp;AI deployment: high bandwidth&nbsp;and low latency connectivity.
Ciena operates in the computer and technology sector, competing with networking companies like Cisco Systems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>), Juniper Networks Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnpr#NYSE">JNPR</a>), which was acquired by Hewlett Packard Enterprises Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpe#NYSE">HPE</a>), and Infinera Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) which is being acquired by Nokia Oyj (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>).
<h2>How Ciena Is Essential to the AI Revolution </h2>
Ciena is a leader in the optical networking segment, as its products enable long-distance, high-capacity data transmission solutions for the backbones of numerous networks. Data transmission volumes will only grow, driven by AI deployment and cloud computing. Its optical transceivers enable low-latency transmission, which is essential for AI applications to relay responsiveness and fast performance. Its Blue Planet AI-powered software-defined network (SDN) enables network operators to program, automate, and manage networks, orchestrate end-to-end services, and scale bandwidth on demand as needed.
<h2>Cloud Providers Lead the Recovery &nbsp;</h2>
Ciena is approaching positive normalization after many volatile years driven by the pandemic shortage and post-pandemic inventory glut. Cloud providers are leading the recovery, building out networks to support cloud and growing AI traffic.&nbsp;Data centers are a big chunk of Ciena&#39;s cloud provider clients. Three of the four major cloud providers are driving demand for Ciena&#39;s 400 ZR, a high-capacity datacenter interconnect (DCI) capable of transmitting 400 GB ethernet over DCI links, targeting a minimum of 80 kilometers.
Ciena&#39;s other client group, service providers, is experiencing a gradual recovery as the inventory glut is digested. Ciena still expects the U.S. to recover fully in a few quarters, while Europe continues to lag due to geopolitical and macroeconomic headwinds.
<h2>Gloomy Headline Numbers Underscore Improving Metrics </h2>
Ciena&#39;s third-quarter of 2024 earnings report was a sign of relief as results underscore the recovery occurring, enabling a turnaround after many negative quarters. The company reported EPS of 35 cents, beating analyst expectations by 6 cents. GAAP net income was $14.2 million, down from $29.7 million last year. Adjusted net income was $50.8 million, which was also lower than the $89.1 million non-GAAP income in the year-ago period. Revenue fell 11.8% YoY to $942.3 million, which was better than expected compared to the consensus estimates of $928.31 million. Ciena reported a strong book-to-bill ratio above 1, indicating stronger demand that it can fulfill.
<h2>Ciena Issues Flat Guidance </h2>
Ciena expects revenues of $1.06 billion to $1.14 billion in the fourth quarter of 2024 versus $1.12 billion in consensus estimates. Adjusted gross margin is expected to be in the low 40% range, and adjusted operating expenses are expected to be around $350 million. Full-year 2024 revenues are estimated at around $4 billion, with a 4% to 8% CAGR long-term. CIEN stock tumbled 7% the following days.
Ciena CEO Gary Smith commented, &quot;We delivered strong results for the fiscal third quarter that reflect growing momentum with cloud providers and continued gradual recovery with service providers. With leading innovation that is well-aligned with our customers&#39; focus on building cloud and AI-capable infrastructures, we are well-positioned to continue to gain share and deliver profitable growth.&quot;
On Oct. 2, 2024, Ciena announced a $1 billion stock buyback program commencing in fiscal 2025 and ending in fiscal 2027. CIEN stock surged 7% on the announcement.
<h2>CIEN Is Forming a Potential ABCD Reversal Pattern </h2>
An ABCD pattern is a harmonic reversal pattern comprised of two higher peaks and one higher low. The pattern resembles a rising lightning bolt. A market structure high (MSL) sell trigger often triggers the reversal.
<img alt="Ciena CIEN stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241006191744_charta-cien.jpg" style="height:753px; width:915px" />
CIEN stock initially sold off on its earnings report and guidance to a swing low of $50.83, forming the C-point. Shares rallied higher through the B-point pre-earnings peak at $59.42 to continue higher toward an imminent D-point, which could trigger a reversal. The daily anchored VWAP support is rising at $56.78. The daily relative strength index (RSI) is rising to the 75-band. Fibonacci (Fib) pullback support levels are at $62.91, $57.69, $53.76, and $50.83. 
Ciena&#39;s average consensus price target is $61.00, and its highest analyst price target&nbsp;is&nbsp;$68.00.&nbsp;Analysts have given it 10 Buy ratings and three Hold ratings.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/ciena-stock-powers-the-ai-cloud-boomdont-miss-out/">Ciena Stock Powers the AI Cloud Boom&mdash;Don&#39;t Miss Out</a>&quot; first appeared on MarketBeat.

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Ciena Stock Powers the AI Cloud Boom—Don't Miss Out

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Amazon Disagrees With Court's Decision In Nokia Case, Confident In Quick Resolution; Confirms Fire TV Devices Remain Available And Expresses Disappointment In Nokia's Actions

Nokia Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>) recently inked an agreement with iSAT Africa for an undisclosed amount to enhance broadband connectivity across rural areas in Liberia. The three-year deal spanning more than 200 sites in the West African country aims to bridge the digital divide by providing a reliable, affordable and easily accessible network to underserved rural communities.
<h2>How NOK Likely Secured the Deal</h2>
Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. Its installed base of high-capacity AirScale products, which enables customers to upgrade to 5G quickly, is growing fast. It is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, it is transforming the way people and things communicate and connect.
The company aims to create new business and licensing opportunities in the consumer ecosystem. It facilitates customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation required to support dynamic operations, reduce complexity and improve efficiency. It seeks to expand its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.
<h2>What This Collaboration Brings on the Table</h2>
Nokia&#39;s partnership with this integrated communications services provider that specializes in broadcasting &amp; rural connectivity in Africa and the Middle East will seek to drive socio-economic development in the remote areas of Liberia. Per the deal, Nokia will deploy its AirScale radio portfolio along with MantaRay Network Management solutions for effective monitoring and management capabilities to address critical challenges such as limited coverage and the wide digital divide in rural regions.
<h2>Will NOK Stock Benefit?</h2>
Nokia has emerged as one of the leading players in the development of advanced 5G technology and is at the forefront of extending 5G use cases in various industries. It has laid a strong foundation of innovation through substantial infrastructure investments. This has led to the establishment of an impressive portfolio comprising approximately 20,000 patent families, including more than 6,000 patent families that are deemed crucial to 5G technology.
The collaboration with iSAT Africa is likely to propel the stock on incremental revenue generation and inducement of similar deals from other carriers in the future. The agreement is also expected to strengthen Nokia&#39;s position as a leading telecommunications equipment provider in the region.
The stock has gained 16.7% over the past six months compared with the industry&#39;s growth of 12.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/92/78441.jpg?v=1839641549" /> 
Image Source: Zacks Investment Research
<h2>NOK Zacks Rank &amp; Stocks to Consider</h2>
Nokia currently carries a Zacks Rank #3 (Hold).
Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), carrying a Zacks Rank #2 (Buy) at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experiences. Arista has a long-term earnings growth expectation of 17.2% and delivered an earnings surprise of 15%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products. It is well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
AudioCodes Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/audc#NASDAQ">AUDC</a>) currently carries a Zacks Rank #2. It delivered an earnings surprise of 10.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Airgain, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/airg#NASDAQ">AIRG</a>) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.
Headquartered in San Diego, CA, Airgain offers integrated wireless solutions in the form of antenna products. These products are equipped to solve critical connectivity needs in both the design process and the operating environment across the enterprise, automotive and consumer markets. Ideal for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide, the customizable antennas from Airgain serve both indoor and outdoor connectivity issues.
<a href="https://www.zacks.com/stock/news/2338515/nokia-to-help-bridge-digital-divide-in-liberia-will-the-stock-gain?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2338515">To read this article on Zacks.com click here.</a>

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Nokia to Help Bridge Digital Divide in Liberia: Will the Stock Gain?

T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Wednesday.</a>
The company has announced a partnership with NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), and Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) to shape the future of mobile <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40922877/t-mobile-announces-technology-partnership-with-nvidia-ericsson-and-nokia-to-advance-the-future-of-" rel="noreferrer noopener">networks by placing AI at the forefront.</a>
This collaboration will enhance the capabilities of radio access networks (RAN) in innovative ways to better serve customers.
&#8220;Just like T-Mobile led in 5G, we intend to lead in the next wave of network technology, for the benefit of our customers,&#8221; said Mike Sievert, CEO of T-Mobile.
By leveraging T-Mobile&#8217;s leadership in 5G, along with the expertise of NVIDIA, Ericsson, and Nokia in telecommunications solutions, the group, known as the founding members of the AI-RAN Alliance, is investing in an industry-first AI-RAN Innovation Center located in Bellevue, Washington.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in" rel="noreferrer noopener">Fed Decision Is Here: 5 Things Investors Need To Know Ahead Of Wednesday&#8217;s Pivotal Interest Rate Call</a>
&#8220;AI-RAN at T-Mobile will be all about unlocking the massive capacity and performance that customers increasingly demand from mobile networks,&#8221; the CEO said.
This center will focus on integrating RAN and AI advancements to create transformative network experiences for customers.
The CEO stated that the collaboration among T-Mobile, NVIDIA, Nokia, and Ericsson would shape the future of mobile networks in the 5G Advanced era and beyond, driving meaningful progress.
In a separate <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40922898/t-mobile-and-openai-join-forces-to-revolutionize-the-customer-experience-with-first-ever-intent-dr" rel="noreferrer noopener">release</a>, the company announced that it has inked a pact with OpenAI to revolutionize the customer experience and reset customer success benchmarks for companies worldwide. The two companies are custom-building the first intent-driven AI-decisioning platform of its kind, called IntentCX.
Price Action: TMUS shares are trading lower by 2.5% to $197.57 at last check Wednesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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T-Mobile Partners with NVIDIA, Ericsson, And Nokia to Pioneer AI-Driven Mobile Networks

T-Mobile Partners With NVIDIA, Ericsson, And Nokia To Launch AI-RAN Innovation Center, Combining 5G Advanced And AI To Revolutionize Mobile Networking And Enhance Customer Experiences

Contracts

CoreWeave Has Selected Nokia To Deploy Its IP Routing And Optical Transport Portfolios Globally As Part Of An Extensive Backbone Build-out, With Immediate Roll-out Across Its Data Centers In US And Europe

Nokia Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) is actively searching for a new CEO as it struggles with declining sales and a depressed share price.
What Happened: The Finnish telecom equipment giant has approached potential candidates to replace current CEO Pekka Lundmark, who has been at the helm since 2020. The search is ongoing, with at least one headhunter involved in the process, Financial Times reported <a href="https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f">citing</a>, people familiar with the matter.
Lundmark, who initially stabilized the company, has faced criticism for failing to boost revenues. Despite restructuring efforts and cost-cutting measures, Nokia&#8217;s sales remain lower than they were in 2016, following its €15.6 billion acquisition of Alcatel-Lucent.
Additionally, Nokia is seeking a new chair as Sari Baldauf approaches her 70th birthday next year. Outsiders have been contacted, and the new chair is not expected to come from the current board, according to the report.
In a statement, Nokia said, &#8220;The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him.&#8221; The company emphasized its ongoing assessment of leadership succession plans, according to the report.
The search for new leadership comes as Nokia grapples with sluggish spending by telecom operators and increased competition from rivals like Ericsson and Huawei.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825182/anthony-scaramucci-said-last-week-bitcoin-could-touch-up-to-200k-now-hes-thanking-living-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Said Last Week Bitcoin Could Touch Up to $200K, Now He&#8217;s Thanking &#8216;Living Legend&#8217; Michael Saylor For Book Foreword</a>
Why It Matters: Nokia&#8217;s leadership shakeup comes on the heels of <a href="https://www.benzinga.com/news/earnings/24/07/39834407/nokias-q2-earnings-record-low-revenue-as-5g-investment-slows-annual-outlook-cut-stock-slides">several significant developments</a>. In July, Nokia reported a fiscal second-quarter 2024 net sales decline of 18% year-on-year, marking a record low since 2015. 
This drop was attributed to weak investment in mobile network upgrades, particularly in the 5G equipment market, prompting Nokia to overhaul its network infrastructure division.
In June, Nokia announced its acquisition of Infinera Corporation in a transaction valuing the company at $6.65 per share, or an enterprise value of $2.3 billion. This acquisition aimed to bolster Nokia&#8217;s <a href="https://www.benzinga.com/m-a/24/06/39537794/nokia-to-acquire-infinera-infineras-stock-soars">optical networking capabilities</a>. 
Furthermore, last year, Nokia disclosed a multi-year agreement with AT&amp;T Inc. to deploy next-generation fiber access technology. This five-year deal includes upgrading AT&amp;T's current fiber infrastructure and implementing next-gen <a href="https://www.benzinga.com/markets/equities/24/09/40690110/nokia-and-at-t-partner-for-next-gen-fiber-network-details">technologies for future expansions</a>.
Additionally, Nokia teamed up with CommScope Holding Company, Inc. to develop a solution for seamless in-building and <a href="https://www.benzinga.com/markets/equities/24/09/40682168/nokia-teams-up-with-commscopes-ruckus-for-next-gen-fiber-wi-fi-solutions-details">campus-wide connectivity</a>. This partnership integrates Nokia's fiber-based Optical LAN with RUCKUS Networks' enterprise Wi-Fi and switching technologies.
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</ul>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Networking Giant Nokia Seeks New CEO Amid Declining Sales And Subdued Share Price

<a href="https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f" title="https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f">https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f</a>

Management

Nokia OYJ Says Board Fully Supports President And CEO Pekka Lundmark And Is Not Undergoing A Process To Replace Him In Response To Financial Times Article "Nokia seeks to replace CEO in bid to revive falling sales"

Northland Capital Markets analyst Tim Savageaux reiterates Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) with a Outperform and raises the price target from $6 to $6.5.

Reiteration

Northland Capital Markets Reiterates Outperform on Nokia, Raises Price Target to $6.5

Shares of AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) are trading higher today. Here&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40690110/nokia-and-at-t-partner-for-next-gen-fiber-network-details">what you need to know.</a>
What To Know: The company announced a webcast featuring CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference scheduled for September 10. This event is expected to provide insights into AT&amp;T's strategic direction and operational updates. Additionally, AT&amp;T&#8217;s recent multi-year partnership with Nokia Oyj Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) to enhance its fiber network infrastructure is drawing attention from investors and analysts.
What Else:
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<li>Fiber Network Upgrade Partnership: AT&amp;T has signed a five-year deal with Nokia to upgrade its current fiber infrastructure and deploy next-generation fiber access technology. This partnership will utilize Nokia's Lightspan MF and Altiplano platforms to enhance AT&amp;T's extensive fiber network, which already reaches 27.8 million locations as of the second quarter of 2024. The collaboration aims to support next-gen PON (Passive Optical Network) technologies, allowing for faster and more efficient data transmission, as well as improved network automation capabilities through the Altiplano Access Controller. This move aligns with AT&amp;T's strategy to strengthen its fiber offerings and expand its broadband reach, ensuring it remains competitive in the high-speed internet market.</li>
<li>Additional Developments: Beyond the Nokia partnership, the announcement follows news of Nokia losing a significant contract with AT&amp;T to Ericsson Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), which was chosen to build a telecom network covering 70% of AT&amp;T's U.S. wireless traffic by 2026. Despite this setback, Nokia&#8217;s new deal with AT&amp;T reflects its ongoing efforts to remain a key player in the telecom infrastructure space.</li>
</ul>
Price Action: As of the latest trading session, AT&amp;T shares have risen by 2.44% to $20.39, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent090324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-1024x544.png" alt="" class="wp-image-527370" style="width:414px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT.png 1092w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image Via Shutterstock.

AT&T Shares Are On The Rise: What's Going On

Nokia Oyj&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) disclosed a multi-year agreement with AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to deploy next-generation fiber <a target="_blank" href="https://www.nokia.com/about-us/news/releases/2024/09/03/nokia-signs-strategic-deal-with-att-to-accelerate-future-ready-fiber-broadband-growth/" rel="noreferrer noopener">access</a> technology.
The five-year deal includes upgrading AT&amp;T&#8217;s current fiber infrastructure and implementing next-gen technologies for future expansions.
Nokia plans to supply its Lightspan MF and Altiplano platforms to support AT&amp;T&#8217;s extensive fiber network, which passed 27.8 million total fiber locations as of the second quarter of 2024.
The company&#8217;s fiber solutions enable AT&amp;T to swiftly build a future-ready network, supporting next-gen PON technologies and enhanced automation through the Altiplano Access Controller.
Sandy Motley, President of Fixed Networks at Nokia, said,&nbsp;&#8220;This collaboration is a major milestone in our mission to connect more people and businesses. Our fiber solution opens the door to a full range of PON technologies available on the same platform and fiber.&#8221;
&#8220;This includes 10/25G PON today and eventually 50/100G PON in the future. Ultimately this can help operators like AT&amp;T make the most of their existing fiber broadband networks today and in the future.&#8221;
As per Reuters, the deal follows Nokia&#8217;s loss of a major contract with AT&amp;T to Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), which AT&amp;T selected in December to build a telecom network covering 70% <a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36085721/ericsson-shares-jump-after-winning-largest-deal-financially-in-its-history-details" rel="noreferrer noopener">of its U.S. wireless traffic by late 2026.</a>
Investors can gain exposure to NOK stock via&nbsp;iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Defiance Connective Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIXG#NASDAQ">SIXG</a>).
Apart from this, today, Nokia disclosed a collaboration with&nbsp;RUCKUS Networks to develop a solution for seamless in-building&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40682168/nokia-teams-up-with-commscopes-ruckus-for-next-gen-fiber-wi-fi-solutions-details" rel="noreferrer noopener">and campus-wide connectivity</a>.
Price Action: NOK shares are down 1.46% at $4.395 at the last check Tuesday.
Image: Nokia
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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SIXG

Nokia And AT&T Partner For Next-Gen Fiber Network: Details

Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) shares are trading lower premarket Tuesday. The company disclosed a collaboration with CommScope Holding Company, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) RUCKUS Networks to develop a solution for seamless in-building <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40679728/nokia-and-ruckus-networks-collaborate-to-deliver-integrated-fiber-and-wi-fi-in-buildingcampus-conn" rel="noreferrer noopener">and campus-wide connectivity</a>.
This partnership is expected provide an integrated fiber and Wi-Fi solution tailored to various industry needs, including MDUs, offices, large venues, hospitality, and medical facilities.
The collaboration integrates Nokia&#8217;s fiber-based Optical LAN with RUCKUS Networks&#8217; enterprise Wi-Fi and switching technologies, creating an integrated&nbsp;infrastructure.
Sandy Motley, President of Fixed Networks at Nokia, said,&nbsp;&#8220;Fiber is a fantastic technology with a wide range of benefits. As an Optical LAN, it can reduce energy costs by 40% and TCO by as much as 50%.&#8221;
&#8220;When combined with RUCKUS&#8217;s industry-leading Wi-Fi portfolio, we are creating a campus connectivity solution that will allow enterprises to grow their business, reduce their costs, and be more sustainable.&#8221;
Last month, Nokia denied reports of selling its mobile network business and stated that it is dedicated to the <a target="_blank" href="https://www.benzinga.com//node/40650389" rel="noreferrer noopener">success of its mobile network business</a>.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Defiance Connective Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIXG#NASDAQ">SIXG</a>).
Price Action: NOK shares are down 1.35% at $4.40 premarket at the last check Tuesday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nokia Teams Up With CommScope's RUCKUS For Next-Gen Fiber-Wi-Fi Solutions: Details

Nokia today announced a collaboration with RUCKUS Networks, a CommScope business, to create an innovative solution for deploying seamless in-building and campus-wide connectivity, uniquely tailored to the needs of diverse industry verticals. This partnership offers an integrated fiber and Wi-Fi solution for delivering broadband service inside MDUs, offices, large venues, hospitality, medical facilities, and other enterprise segments.
Fiber is a game changer for campus and in-building connectivity due to its ability to offer future-proof capacity while significantly reducing power consumption and total cost of ownership. In addition to providing a single network for all services, it is essential to connect Wi-Fi access points. The combination of fiber and Wi-Fi delivers robust and scalable connectivity across mobility, IoT, and digital transformation initiatives.
This joint solution combines Nokia's best-in-class fiber-based Optical LAN with RUCKUS Network's industry-leading enterprise Wi-Fi and switching solutions, creating an integrated infrastructure.

Nokia Teams Up with CommScope's RUCKUS Networks to Enhance Campus and In-Building Connectivity with Integrated Fiber and Wi-Fi

As per a report, Canadian Prime Minister&nbsp;Justin&nbsp;Trudeau&nbsp;announced that Canada would impose a 100% tariff on Chinese electric vehicle imports. In addition, Ottawa will levy a 25% tariff on imported steel <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/08/40558213/trudeau-announces-canadas-100-ev-tariff-on-china-for-not-playing-by-the-same-rules-ev-stocks-drop-" rel="noreferrer noopener">and&nbsp;aluminum from China</a>.
A senior ally of Russian President Vladimir Putin claimed on Tuesday that Washington orchestrated the French arrest of Pavel Durov, the founder and CEO of Telegram, a messaging platform essential <a href="https://www.benzinga.com/news/24/08/40569423/russian-presidents-ally-accuses-us-of-orchestrating-arrest-of-telegram-founder-pavel-durov-in-france" target="_blank" rel="noreferrer noopener">for communication in the Ukraine war</a>.
Pavel Durov&#8217;s&nbsp;arrest has sent shockwaves through Russia and&nbsp;raised global concerns&nbsp;about digital rights and freedom of expression. The arrest was led by&nbsp;Laure Beccuau, a <a target="_blank" href="https://www.benzinga.com/news/24/08/40571337/who-is-laure-beccuau-the-prosecutor-behind-telegram-ceo-pavel-durovs-detention-in-france" rel="noreferrer noopener">prominent figure in France's judiciary</a>.
Earnings Results
PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) reported&nbsp;fiscal second-quarter 2024&nbsp;revenue growth of 86% Y/Y to $13.36 billion (97.06 billion Chinese yuan), missing the&nbsp;analyst consensus estimate of $14.02 billion. Adjusted earnings per ADS of $3.20 (23.24 Chinese yuan), beating the&nbsp;analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40548945/temu-parent-pdd-posts-86-q2-topline-growth-stock-drops-after-ceo-flags-upcoming-challenges" rel="noreferrer noopener">consensus estimate of $2.73</a>.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued its streak of outperformance&nbsp;as the artificial intelligence stalwart's second-quarter earnings and <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal" rel="noreferrer noopener">revenue&nbsp;outdid expectations</a>.
Gaming
As the release date for Call of Duty: Black Ops 6 rapidly approaches,&nbsp;Microsoft Corp.‘s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Activision has officially&nbsp;announced&nbsp;the minimum and recommended <a target="_blank" href="https://www.benzinga.com/general/gaming/24/08/40610686/call-of-duty-black-ops-6-pc-requirements-unveiled-heres-what-you-need-to-know" rel="noreferrer noopener">PC&nbsp;specifications for the game</a>.
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) has&nbsp;launched&nbsp;a new Accessories app for Windows, enabling PC users to customize their PlayStation 5 <a target="_blank" href="https://www.benzinga.com/general/gaming/24/08/40585859/sony-brings-full-dualsense-edge-customization-to-pc-with-new-app" rel="noreferrer noopener">DualSense Edge&nbsp;controllers</a>.
Read: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/08/40635576/leak-reveals-key-details-about-the-ps5-pro-what-we-know-so-far" rel="noreferrer noopener">PS5 Pro Leak Reveals Key Details: What We Know So Far</a>
Arnaud Muller, the European CEO of Bandai Namco Holdings ADR&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NCBDY#OTC">NCBDY</a>) is optimistic about the video game industry despite the significant upheaval over the past two years, with an estimated 20,000 layoffs and <a href="https://www.benzinga.com/general/gaming/24/08/40557824/bandai-namco-ceo-2024-is-the-year-of-stabilization-for-gaming-industry" target="_blank" rel="noreferrer noopener">numerous&nbsp;studio closures</a>.
Steam hits a new record with over 37 million concurrent players, driven by the success of Black Myth: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/08/40560450/steam-sets-new-concurrent-player-record-with-over-37-million-users" rel="noreferrer noopener">Wukong and other top games</a>.
Social Media, Online Platform &amp; Others
Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and pay-TV provider,&nbsp;DirecTV, owned by&nbsp;AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and&nbsp;TPG Capital&nbsp;are currently in contract renewal talks that <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/08/40568015/directv-and-disney-talking-over-flexible-netflix-like-channel-packages-but-fallout-from-fai" rel="noreferrer noopener">could reshape the pay-TV landscape</a>.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has announced the launch of its artificial intelligence-powered shopping assistant, Rufus, in India. This comes after Rufus&#8217;s successful introduction in the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40568608/amazon-rolls-out-ai-shopping-assistant-in-india-nearly-a-year-behind-walmart-backed-flipkart" rel="noreferrer noopener">United States six months prior</a>.
HMD Global, the company behind&nbsp;Nokia Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>)-branded phones, has teamed up with toy manufacturer&nbsp;Mattel Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) to introduce a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/08/40592576/theres-a-129-barbie-phone-generating-tons-of-buzz-is-it-worth-the-pink-hype" rel="noreferrer noopener">Barbie</a><a target="_blank" href="https://www.benzinga.com/news/24/08/40592576/theres-a-129-barbie-phone-generating-tons-of-buzz-is-it-worth-the-pink-hype" rel="noreferrer noopener">-themed flip phone</a>.
The Supreme Court of Brazil imposed a financial freeze on&nbsp;Elon Musk‘s&nbsp;Starlink, a subsidiary of&nbsp;SpaceX. This action is part of an&nbsp;escalating legal dispute&nbsp;that could potentially lead to the suspension <a target="_blank" href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we" rel="noreferrer noopener">of Musk's social media platform,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we" rel="noreferrer noopener">X</a><a target="_blank" href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we" rel="noreferrer noopener">, in Brazil</a>.
Technology
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;has reportedly decided to discontinue the development of a headset intended to rival&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/08/40545520/metas-apple-vision-pro-rival-reportedly-canceled-after-a-review-meeting-between-mark-zuckerberg-cto" rel="noreferrer noopener">Apple Inc.</a><a target="_blank" href="https://www.benzinga.com/news/24/08/40545520/metas-apple-vision-pro-rival-reportedly-canceled-after-a-review-meeting-between-mark-zuckerberg-cto" rel="noreferrer noopener">‘s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Vision Pro</a>.
Meta has reportedly decided to discontinue its custom chip development for its <a target="_blank" href="https://www.benzinga.com/news/24/08/40594209/mark-zuckerbergs-meta-abandons-custom-chip-development-for-orion-ar-glasses-report" rel="noreferrer noopener">upcoming&nbsp;augmented reality glasses</a>.
Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/08/40553145/despite-us-limits-on-chinas-access-to-nvidia-chips-tech-titans-like-alibaba-and-tencent-ramp-up-ai-i" rel="noreferrer noopener">Despite US Limits On China&#8217;s Access To Nvidia Chips, Tech Titans Like Alibaba And Tencent Ramp Up AI Investments</a>
Apple is all set to launch the&nbsp;iPhone 16&nbsp;alongside the new Apple Watch and AirPods at an event on September 10, days after a&nbsp;leaked <a target="_blank" href="https://www.benzinga.com/news/24/08/40540086/apple-to-unveil-iphone-16-watches-and-airpods-at-september-10-event-report" rel="noreferrer noopener">invite&nbsp;pointed at the possibility</a>.
Ahead of the highly anticipated launch of its&nbsp;artificial intelligence-equipped iPhones, Apple has reportedly increased its&nbsp;orders for new iPhones, signaling strong <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40619402/apple-ramps-up-iphone-16-orders-by-over-10-ahead-of-september-launch-anticipating-surge-in-deman" rel="noreferrer noopener">confidence in its upcoming products</a>.
Apple&#8217;s burgeoning operations in India are set to generate around 600,000&nbsp;jobs by the close of this fiscal year. This surge in job creation is a result of the tech giant's strategic move to <a target="_blank" href="https://www.benzinga.com/markets/asia/24/08/40568324/apples-bullish-expansion-in-india-to-create-200k-direct-jobs-by-march-2025-report" rel="noreferrer noopener">diversify its production from China</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40575537/apple-analyst-says-historic-upgrade-cycle-will-push-valuation-past-4-trillion-as-cu" rel="noreferrer noopener">Apple Analyst Says &#8216;Historic&#8217; Upgrade Cycle Will Push Valuation Past $4 Trillion As Cupertino Sets Date For AI-Enabled iPhone Launch</a>
Apple&#8216;s CFO Luca Maestri decided to step down in Jan. 2025, with Kevan Parekh stepping in as <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40584725/apple-investors-hope-for-more-of-the-same-as-cfo-transition-nears" rel="noreferrer noopener">part of a planned succession</a>.
Edward Snowden, the well-known National Security Agency whistleblower has criticized the arrest of&nbsp;Telegram&nbsp;founder and CEO&nbsp;Pavel Durov, calling it <a target="_blank" href="https://www.benzinga.com/news/24/08/40545428/snowden-says-telegram-founders-arrest-is-an-assault-on-basic-human-rights-accuses-french-president-m" rel="noreferrer noopener">a violation of human rights</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40545254/mark-cuban-asks-elon-musk-to-share-source-code-of-algorithm-that-decides-reputation-relevancy-and-si" rel="noreferrer noopener">Mark Cuban Asks Elon Musk To Share Source Code Of Algorithm That Decides Reputation, Relevancy, And Similarity Criteria Of Posts On X</a>
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)-owned&nbsp;Google&nbsp;Chrome&nbsp;has introduced a new feature for&nbsp;Android&nbsp;users. The update includes a subtle vibration that occurs <a target="_blank" href="https://www.benzinga.com/news/24/08/40568404/google-chrome-to-trigger-vibrations-on-your-smartphone-when-you-do-this" rel="noreferrer noopener">when users pull to refresh a page</a>.
Google&nbsp;has rolled out a new feature designed to accelerate email replies in Gmail for Android users, enhancing <a target="_blank" href="https://www.benzinga.com/news/24/08/40575951/google-now-lets-you-quickly-reply-to-emails-making-email-responses-as-easy-as-texting" rel="noreferrer noopener">productivity and communication efficiency</a>.
Read: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/08/40545146/telegram-founder-pavel-durovs-arrest-in-france-sparks-reactions-from-ethereum-creator-vita" rel="noreferrer noopener">Telegram Founder Pavel Durov&#8217;s Arrest In France Sparks Reactions From Ethereum Creator Vitalik Buterin And Tron Founder Justin Sun</a>
Artificial Intelligence (AI)
As the world of artificial intelligence continues to advance, several tech leaders, including&nbsp;OpenAI&nbsp;co-founder and CEO&nbsp;Sam Altman, and&nbsp;Geoffrey Hinton, one of the godfathers of AI, among others, have expressed concerns about the impact of this&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/08/40624456/dean-of-valuation-aswath-damodaran-shares-3-ways-to-beat-the-bot-and-safeguard-your-job-from-ai" rel="noreferrer noopener">bleeding-edge technology on jobs</a>.
In a recent development,&nbsp;Anthropic&nbsp;has announced updates to the default system prompts for text-based dialogues on its AI platform, Claude.ai, as well as the <a target="_blank" href="https://www.benzinga.com/news/24/08/40594722/google-amazon-backed-openai-rival-anthropic-releases-system-prompts-that-run-claude" rel="noreferrer noopener">Claude iOS and Android applications</a>.
Two former&nbsp;Open AI&nbsp;employees wrote to California's Governor&nbsp;Gavin Newsom&nbsp;last week expressing their disappointment at the company's arguments against SB 1047, a bill proposed in California to place safety protocols in the<a target="_blank" href="https://www.benzinga.com/news/24/08/40542601/former-openai-employees-slam-sam-altman-led-company-after-it-opposes-californias-ai-regulation-bill" rel="noreferrer noopener"> development of artificial intelligence</a>.
NVIDIA-backed Sustainable Metal Cloud has developed technology to cut energy consumption in artificial <a href="https://www.benzinga.com/news/24/08/40568877/nvidia-backed-sustainable-metal-cloud-introduces-tech-to-cut-ai-data-center-energy-use-by-50" target="_blank" rel="noreferrer noopener">intelligence data centers by up to 50%</a>.

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SONY

Consumer Tech News (Aug 25-Aug 31): Canada Plans To Impose 100% Tariff On Chinese EV Imports, Amazon Launches AI-Powered Shopping Assistant

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Friday.
Shares of Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) fell sharply in today's pre-market trading after the company reported weaker-than-expected results for its second quarter and cut its FY24 guidance.
Ulta Beauty reported quarterly earnings of $5.30 per share, which missed the analyst consensus estimate of $5.55 by 4.5%. Quarterly sales came in at $2.552 billion, missing the consensus estimate by 2.52%.
Ulta Beauty shares dipped 6.4% to $344.03 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) shares fell 27.1% to $75.60 in pre-market trading after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.</li>
<li>Autozi Internet Technology (Global) Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZI#NASDAQ">AZI</a>) shares dipped 6.9% to $2.70 in pre-market trading after gaining over 10% on Thursday. Autozi Internet Technology (Global) announced the closing of initial public offering.</li>
<li>Himalaya Shipping Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSHP#NASDAQ">HSHP</a>) fell 3.5% to $7.49 in pre-market trading.</li>
<li>Dianthus Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNTH#NASDAQ">DNTH</a>) fell 2.3% to $28.10 in pre-market trading.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) declined 2.2% to $2.71 in pre-market trading after jumping 26% on Thursday.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) fell 2.2% to $4.38 in pre-market trading. Nokia shares gained 7% on Thursday following a report suggesting that Samsung has an interest in the company&#8217;s mobile networks assets.</li>
</ul>
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Pre-Market Outlook

DNTH

EOSE

ESTC

HSHP

ULTA

Ulta Beauty Reports Downbeat Results, Joins Elastic And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) shares are trading lower premarket Friday after the company denied reports of selling its mobile-networks business.
Earlier, citing people familiar with the matter, <a href="https://www.bloomberg.com/news/articles/2024-08-29/nokia-mobile-networks-assets-said-to-draw-interest-from-samsung">Bloomberg </a>reported that Nokia&#8217;s mobile networks assets are drawing preliminary interest from suitors, including Samsung Electronics Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>).
The company disclosed that it has no <a target="_blank" href="https://www.nokia.com/about-us/news/releases/2024/08/29/nokia-comments-on-trading-activity-of-its-stock/" rel="noreferrer noopener">announcements</a> related to the speculations and that no insider project on the matter exists.
Nokia stated that it is dedicated to the success of its Mobile Networks business, viewing it as a crucial asset for both the company and its customers.
Nokia further added that this year, the business had made notable strides in optimizing costs while maintaining its product roadmap, securing new deals, and expanding its share with existing clients.
Today, in a separate release, Nokia announced that it is expanding its Fixed <a href="https://www.nokia.com/about-us/news/releases/2024/08/30/nokia-expands-its-rd-footprint-in-india-with-fixed-networks-largest-lab-in-chennai-tamil-nadu/" target="_blank" rel="noreferrer noopener">Networks</a> R&amp;D facility in Chennai, Tamil Nadu, with support from the state government. The new lab will be one of Nokia&#8217;s largest and will focus on advancing technologies to bridge the digital divide.
Vimalkumar Kothandaraman, Head of Fixed Networks for Asia Pacific at Nokia, said, &#8220;This investment highlights our dedication to India and global technology advancements, and allows us to further leverage the abundant talent pool in the region. This MoU solidifies our collaboration with the Tamil Nadu government to jointly drive telecom industry innovations, expanding our world-class R&amp;D hub in Chennai.&#8221;
In July, Nokia reported second-quarter 2024 net sales of $4.81 billion, missing the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39834407/nokias-q2-earnings-record-low-revenue-as-5g-investment-slows-annual-outlook-cut-stock-slides" rel="noreferrer noopener">consensus estimate of $5.24 billion</a>.
Sales hit a record low, mainly due to weak investment in mobile network upgrades affecting the 5G equipment market.
Investors can gain exposure to the stock via iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and Defiance Connective Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIXG#NASDAQ">SIXG</a>).
Price Action: NOK shares are down 2.46% at $4.37 premarket at the last check Friday.
Image: Nokia
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

SSNLF

What's Going On With Nokia Stock Premarket Friday?

Nokia States It Has Nothing To Announce Regarding Speculations Published In Today's Article

U.S. stocks were higher, with the Dow Jones index gaining around 400 points on Thursday.
Shares of Build-A-Bear Workshop, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) rose sharply during Thursday&#8217;s session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40624005/build-a-bear-workshops-q2-earnings-beat-sees-strong-improvement-in-q3-ytd-web-demand">second-quarter financial results.</a>
Build-A-Bear reported second-quarter revenue growth of 2.4% Y/Y to $111.8 million, beating the analyst consensus of $108.5 million. EPS of 64 cents (+12.3% Y/Y), beating the Wall Street view of 57 cents.
Build-A-Bear shares jumped 19.7% to $33.37 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) shares jumped 33.2% to $42.06 following strong fourth-quarter earnings and upbeat first-quarter guidance.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) gained 22.2% to $2.6750 after the company announced it achieved first performance milestones related to Carberus Capital Management&#8217;s investment, allowing the company to draw an additional $30 million from the delayed draw term loan.</li>
<li>Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) gained 20.9% to $63.22 after the company reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates.</li>
<li>Eliem Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELYM#NASDAQ">ELYM</a>) jumped 20.1% to $7.45.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) gained 19.6% to $8.89 after the company announced a year-over-year increase in FY24 Bitcoin mining revenue.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) rose 15.7% to $1.0950 after the company reported a quarter-over-quarter increase in second-quarter deliveries.</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) gained 14.5% to $100.49 after the company reported better-than-expected quarterly financial results raised its FY25 earnings guidance.</li>
<li>iRhythm Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) rose 13.2% to $77.59. iRhythm Technologies expanded global reach with the launch of Zio&#xAE; Cardiac Arrhythmia Monitoring Service in Austria, the Netherlands, Switzerland, and Spain.</li>
<li>Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) gained 12% to $48.75.</li>
<li>The Cooper Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COO#NYSE">COO</a>) rose 11.1% to $105.00 after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates. Also, Baird and Wells Fargo raised their respective price targets on the stock.</li>
<li>Kanzhun Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) gained 10.1% to $12.06 after the company announced it authorized an additional repurchase of $150 million of its shares in conjunction with its existing $200 million buyback.</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) climbed 8.8% to $216.85 after the company reported better-than-expected second-quarter financial results and issued FY25 adjusted EPS guidance above estimates.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rose 8.5% to $21.62. The company issued a notice to terminate its $250 million credit facility.</li>
<li>Stevanato Group S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) gained 8.3% to $21.94.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 6.5% to $18.97 after B of A maintained a Buy rating on the stock and raised its price target from $30 to $31.</li>
<li>Canadian Imperial Bank of Commerce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) gained 6% to $57.81 after the company reported better-than-expected quarterly financial results.</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) rose 6% to $315.43.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) gained 5.8% to $4.4350 following a report suggesting that Samsung has an interest in the company&#8217;s mobile networks assets.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 5.7% to $3.9127.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) gained 5.6% to $132.39.</li>
</ul>
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Intraday Update

AFRM

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IREN

IRTC

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PSNY

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VEEV

Build-A-Bear Workshop Posts Upbeat Earnings, Joins Affirm, Nutanix, Cooper Companies, Veeva Systems And Other Big Stocks Moving Higher On Thursday

WIIM

Nokia shares are trading higher following a report suggesting that Samsung has an interest in the company's mobile networks assets.

Nokia Does Not Comment On Market Rumors Or Speculation; Says Nokia Is Committed To The Success Of Its Mobile Networks Business, A Highly Strategic Asset For Both Nokia And Its Customers, Nokia's Mobile Networks Business Has Made Significant Progress This Year

Nokia selected by Spark as majority 5G RAN partner in New Zealand

When the United States Senate starts targeting your business, it would seem like trouble ahead. For Novo Nordisk ($NVO), however, it proved anythin...

Senate Attacks Novo Nordisk (NYSE:NVO), Shares Gain Regardless

Novo Nordisk ($NVO) CEO Lars Fruergaard Jorgenson has been grilled by a U.S. Senate Committee over the high-cost of the company's diabetes and weig...

Novo Nordisk's (NYSE:NVO) CEO Grilled by Senate Committee on Drug Prices

Nokia Bell Labs teams up with e& for R&D collaboration

Catalyst Watch: Tesla deliveries, Nike earnings, port strike threat and the jobs report

Vodafone Idea selects Nokia as 4G and 5G partner in India

Internet exchange giant NIC.br selects Nokia to boost internet connectivity in Brazil

Nokia classifies its submarine networks business as a discontinued operation

In a report released on October 3, Sebastien Sztabowicz from Kepler Capital maintained a Hold rating on Nokia (0HAF – Research Report), with a pric...

Kepler Capital  Keeps Their Hold Rating on Nokia (0HAF)

UBS analyst Francois Xavier Bouvignies maintained a Hold rating on Nokia (0HAF – Research Report) today and set a price target of €3.55. The compan...

UBS Remains a Hold on Nokia (0HAF)

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Opinion

Press Releases

Thinking about buying stock in ChargePoint Holdings, Fusion Pharmaceuticals, Nokia, MicroAlgo Inc, or Lululemon Athletica?

Thinking about buying stock in Ibio Inc, Nokia, C4 Therapeutics, 1847 Holdings, or CleanSpark?

Dell Technologies and Nokia Announce Strategic Partnership to Advance Network Cloud Transformation and Private 5G

Wipro and Nokia Launch Joint 5G Private Wireless Solution to Speed up Enterprise Digital Transformation

Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap

INFINERA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN

Berry and Glatfelter Announce Magnera Board of Director Appointments in Connection With Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business With Glatfelter

INFINERA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN

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Applied Optoelectronics, Inc. - Common Stock

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