Nokia Corporation
In the published model solve dated 2026-Q2, anchored at $8.41, Nokia Corporation (NOK) is priced for today's economics sustained for ~8.0 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Nokia sells the equipment that carries data: mobile networks, fixed broadband, and the optical and IP gear that links data centers, and the last of those has become the story as AI buildouts drive demand. • The clearest risk is the price itself: at today's level the stock trades far above what its earnings power, asset base, and peer multiples support, so the buyer is paying for a multi-year re-rating to actually happen, not for the business it has. • The next markers are quarterly order intak
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607 institutional managers reported holding NOK in 13F filings for the quarter ended 2026-03-31. Together they hold about 20% of the company; the top 10 hold 13%. 127 opened new positions that quarter. Held by FMR (Fidelity), Artisan Partners, Pzena Investment Management, among others. On the short side, 63.9M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NOK has cut its share count 3.8% over the past five years. It pays a dividend, and has paid one every year in our records (11 and counting), raised 4 years straight. Cash returned over the past three years: $2.29B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.