Nokia Corporation (NOK) - NYSE
  • Apr. 18, 2013, 6:31 AM

    More on Nokia (NOK) Q1: expects Devices & Services non-IFRS operating margin in Q2 to be -2% plus or minus four percentage points. Also forecasts that quarterly increase in Lumia volumes will be higher than the 27% growth in Q1. (PR)

    | Apr. 18, 2013, 6:31 AM | 9 Comments
  • Apr. 18, 2013, 6:26 AM

    More on Nokia (NOK) Q1: net profit adjusted for non-cash items €323M; net sales -20% on year and -27% on quarter. Operating loss €150M vs loss of €1.34B a year earlier; non-IFRS operating profit €181M vs loss of €258M. Lumia volumes +27% on quarter to 5.6M units. Mobile phones Q1 volume -30% on quarter to 55.8M, "reflecting competitive industry dynamics and an estimated higher than normal seasonal decline." Shares -5.6%. (PR)

    | Apr. 18, 2013, 6:26 AM | 10 Comments
  • Apr. 18, 2013, 6:09 AM
    Nokia (NOK): Q1 EPS of -EUR0.07. Revenue of EUR5.9B misses by EUR1.45B. Shares -1.1% premarket. (PR)
    | Apr. 18, 2013, 6:09 AM | 9 Comments
  • Apr. 18, 2013, 5:01 AM

    Nokia (NOK) reportedly intends to launch several new flagship smartphones this year as it looks to generate faster sales momentum. New devices will include a "phablet" similar in size to Samsung's Galaxy Note but with more advance specifications, and a handset that incorporates the company's advanced Pureview imaging technology and 40 megapixel camera. Shares -1.4% premarket ahead of Nokia's results.

    | Apr. 18, 2013, 5:01 AM | 14 Comments
  • Apr. 18, 2013, 12:05 AM

    Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ

    | Apr. 18, 2013, 12:05 AM
  • Apr. 17, 2013, 5:30 PM

    Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ

    | Apr. 17, 2013, 5:30 PM
  • Apr. 16, 2013, 2:12 PM
    There's no need for Microsoft (MSFT) to make its own phone, says Windows Phone VP Terry Myerson, shooting down speculation that had come up after multiple reports last fall stated Microsoft views a home-grown as a backup plan if WP8 launches prove disappointing. Myerson states a Microsoft phone would only be necessary if "Nokia (NOK) or HTC or other primary partners were not providing the consumer experience we think was possible on our platform," something he doesn't think is the case.
    | Apr. 16, 2013, 2:12 PM | 15 Comments
  • Apr. 10, 2013, 11:04 AM

    Adtran's (ADTN +13%) Q1 beat is contributing to strong gains in telecom equipment, chip, and component stocks, as investors take it as another sign of improving telecom capex going into earnings season. Adtran's remarks about strong demand from both U..S. and international carriers can't be hurting. CSCO +2.5%. CIEN +6.4%. JDSU +4.6%. ALU +4.6%. FN +4.8%. FNSR +6%. PKT +4.2%. RKUS +4.2%. JNPR +3.9%. CAVM +3%. INFN +2.9%. OCLR +4%. SONS +2.5%. 2013 has seen a string of rallies (I, II, III) tied to capex hopes.

    | Apr. 10, 2013, 11:04 AM
  • Apr. 10, 2013, 9:56 AM

    DragonWave (DRWI +8.4%) rises after saying it will remain Nokia's (NOK +1.3%) preferred supplier of packet microwave products. Under a new framework, the company will receive an "immediate cash payment" of €10.6M which will eliminate an existing receivable on its balance sheet. DRWI also says it has cut senior management positions by a third as part of its cost reduction effort. The shares are off sharply YTD after the company cut its Q4 sales outlook in March. 

    | Apr. 10, 2013, 9:56 AM
  • Apr. 9, 2013, 4:38 PM

    Most U.S. consumers remain either unfamiliar with or unenthusiastic about Nokia (NOK) and BlackBerry's (BBRY) latest hardware, according to an MKM survey of 1,500 people. While 51% of respondents owned a smartphone, only 6% plan to buy a BlackBerry in the next 12 months, and just 1% a Nokia phone. Moreover, in spite of the Z10 and Lumia 920/820 launches, 63% of respondents had no idea when BB10 would launch in the U.S., and 61% were unaware WP8 (MSFT) phones are available. BlackBerry is counting on a fresh marketing push to raise its U.S. profile.

    | Apr. 9, 2013, 4:38 PM | 95 Comments
  • Apr. 8, 2013, 6:36 PM

    The 8 most popular Nokia (NOK) Lumia devices account for nearly 3/4 of all Windows Phones (MSFT) in use worldwide, according to usage stats from Windows Phone ad network AdDuplex. The Lumia 920 and 800 are each estimated to account for 14% of WP devices in operation, the Lumia 710 13%, and the Lumia 610 11%. HTC's 8X and 8X are seen accounting for 4% apiece. Kantar Comtech's stats indicate Windows Phone is gradually gaining share in the U.S. and Western Europe, albeit from low levels.

    | Apr. 8, 2013, 6:36 PM | 10 Comments
  • Apr. 5, 2013, 6:22 PM

    Samsung (SSNLF.PK) sold 68M-70M smartphones in Q1, up from an estimated 63M in Q4, according to 5 analysts polled by Reuters. Though the Galaxy S III/IV and Note II receive far more ink, much of this growth is fueled by low-end/mid-range Android models such as the Galaxy Young and Galaxy Fame. These phones, along with Samsung's Rex feature phone line, are adding to the pressure placed on Nokia's (NOK) feature phone ops. Earlier this week, Bernstein reported the S IV's production rate is around 10M units/month. (Samsung Q1 results)

    | Apr. 5, 2013, 6:22 PM | 12 Comments
  • Apr. 4, 2013, 2:39 PM
    Nokia (NOK -0.6%) has shut down its flagship Shanghai store as part of its cost-saving efforts. "For a while now, we've been focusing on operator and third-party retail outlets, rather than our own physical stores," says a company spokesman. The closure, which follows a year in which Nokia's Greater China sales fell 68% (thanks in large part to tumbling smartphone sales) leaves Nokia's Helsinki store as its only flagship outlet.
    | Apr. 4, 2013, 2:39 PM | 7 Comments
  • Apr. 4, 2013, 9:10 AM
    Premarket gainers: CBMX +20%. PSDV +13%. NAVB +10%. ALU +9%. ARIA +6%.
    | Apr. 4, 2013, 9:10 AM
  • Apr. 4, 2013, 8:14 AM

    Alcatel-Lucent (ALU) gets a welcome upgrade from Deutsche Bank to Buy from Hold. DB says cost cuts, corporate changes, and "positive revenue and margin inflection" make for a compelling turnaround story. The bank also says capex growth in the U.S. and China should mean improvement in the networks revenue environment. Shares +11% premarket.

    | Apr. 4, 2013, 8:14 AM | 2 Comments
  • Apr. 3, 2013, 9:59 AM

    Though Cisco (CSCO) insists it has no intention of entering the traditional base station market (citing commoditization), its acquisition of small cell base station vendor Ubiquisys makes it more of a mobile infrastructure rival to Alcatel-Lucent (ALU) and Ericsson (ERIC) than ever. The combination of Ubiquisys' 3G/4G small cell solutions and Cisco's Wi-Fi hardware should eventually give it an end-to-end offering to take on market leader ALU's lightRadio line. Cisco is also pushing its new Quantum software suite (the result of the BroadHop/Cariden/Intucell deals) to mobile carriers.

    | Apr. 3, 2013, 9:59 AM | 2 Comments
Company Description
Nokia Oyj provides network infrastructure, technology and software services. It operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies. The Mobile Broadband offers network solutions for mobile voice and data services through its Radio and Core clusters... More
Sector: Technology
Industry: Communication Equipment
Country: Finland