5.0000 +0.02 (0.40%)
After hours: 7:58PM EDT
|Bid||4.9600 x 317700|
|Ask||5.0100 x 34100|
|Day's range||4.9300 - 4.9900|
|52-week range||2.3400 - 5.4500|
|Beta (5Y monthly)||0.42|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||29 Jul 2019|
|1y target est||5.19|
(Bloomberg) -- Nokia Oyj Chief Executive Officer Pekka Lundmark said the Finnish networks maker plans to stand clear of geopolitics as the technology industry increasingly is thrust into trade and political conflicts.Lundmark, who took the reins at Nokia on Aug. 1, is finding his footing in a tense situation that pits China -- and Nokia’s rival Huawei Technologies Co. -- against the U.S. and other governments moving to ban the Chinese supplier from their fifth-generation mobile networks.“I think it would be a big mistake if individual businesses would start to drive their political agenda,” he said in an interview on Friday. “It’s very important that businesses play it straight and stay where they should stay. We do not have a political agenda, we are a pure business.”U.S. President Donald Trump’s administration has been pressuring allies against using Huawei’s equipment, which it argues could pose a danger to network security. Huawei has forcefully and repeatedly denied these allegations. Huawei isn’t the only Chinese tech firm targeted: on Thursday, Trump moved to ban Chinese-owned TikTok and WeChat social media apps.Huawei’s troubles have brought some business Nokia’s way, the company said last month. The U.S. and the U.K. have signaled they’re considering some form of aid to Nokia and its Swedish competitor, Ericsson AB, to ensure competition in the supply of 5G gear.Nokia lags behind rivals in the 5G race, and that’s what Lundmark has been brought in to fix. Five days into his new job, the CEO said he is busy speaking with customers and has begun mapping a path forward.“My goal definitely is that I would be able to say something more concrete before the end of the year” on “what next steps we should take on the market,” he said.That may seem like a long time for shareholders, reeling from a 40% drop in the stock price since a 2015 high (on the day it announced the purchase of Alcatel-Lucent). They’ve been waiting since early March for Lundmark to take the reins, and many have expressed hopes he would act fast to start a turnaround. Lundmark said he has plans for an investor day “in due course” -- a rare event at Nokia, which has only held two Capital Markets Days since 2009, the last one in 2016.“We have had our ups and downs in Nokia’s performance and the company has gone through a fundamental transformation,” he said. “But I’m also cautiously optimistic about the situation right now.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Nokia's new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker before setting a strategy, as the company jostles for position in the highly political 5G race. U.S. government pressure to limit the use of China's Huawei [HWT.UL] presents an opportunity for Nokia as next generation technology is rolled out, but Lundmark would not be drawn. "Maintaining good relations with governments in pretty much all parts of the world is extremely important," Lundmark said in a video interview with Reuters on Friday.
Nokia Corporation - Managers' transactions Nokia Corporation Managers’ transactions August 6, 2020 at 10.00 (CET +1) Nokia Corporation - Managers' transactionsTransaction notification under Article 19 of EU Market Abuse Regulation. ____________________________________________ Person subject to the notification requirement Name: Martikainen, Piia Susanna Position: Closely associated person(1):Person Discharging Managerial Responsibilities In Issuer Name: Uitto, Tommi Position: Other senior managerIssuer: Nokia Corporation LEI: 549300A0JPRWG1KI7U06Notification type: INITIAL NOTIFICATION Reference number: 549300A0JPRWG1KI7U06_20200804114425_2 ____________________________________________Transaction date: 2020-08-03 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: ACQUISITIONTransaction details (1): Volume: 126 Unit price: 4.18793 EURAggregated transactions (1): Volume: 126 Volume weighted average price: 4.18793 EUR ____________________________________________Transaction date: 2019-10-29 Venue not applicable Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATIONTransaction details (1): Volume: 550 Unit price: 3.21 EURAggregated transactions (1): Volume: 550 Volume weighted average price: 3.21 EUR ____________________________________________Transaction date: 2019-10-25 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: ACQUISITIONTransaction details (1): Volume: 150 Unit price: 3.47727 EURAggregated transactions (1): Volume: 150 Volume weighted average price: 3.47727 EUR ____________________________________________Transaction date: 2019-09-09 Venue not applicable Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATIONTransaction details (1): Volume: 179 Unit price: 4.54 EURAggregated transactions (1): Volume: 179 Volume weighted average price: 4.54 EUR ____________________________________________Transaction date: 2019-07-26 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: ACQUISITIONTransaction details (1): Volume: 89 Unit price: 5.0861 EURAggregated transactions (1): Volume: 89 Volume weighted average price: 5.0861 EUR ____________________________________________Transaction date: 2019-04-26 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: ACQUISITIONTransaction details (1): Volume: 94 Unit price: 4.7473 EURAggregated transactions (1): Volume: 94 Volume weighted average price: 4.7473 EUR ____________________________________________Transaction date: 2019-02-12 Venue not applicable Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATIONTransaction details (1): Volume: 1,562 Unit price: 5.45 EURAggregated transactions (1): Volume: 1,562 Volume weighted average price: 5.45 EURAbout Nokia We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: email@example.com Katja Antila, Head of Media Relations