Nokia (NOK) Stock Gains 7% on 5G Cloud and Enterprise Momentum

TLDR

• Nokia (NOK) closed 6.7% higher at $8.82, on above-average volume
• The move was driven by momentum in software, enterprise, and 5G/cloud networking
• Nokia is the only global supplier offering O-RAN with commercial 5G Cloud-RAN networks
• Quarterly EPS is forecast at $0.06 — a 100% year-over-year jump — with revenue expected up 16.6% to $5.38B
• EPS estimates have held steady over the past 30 days, which may limit further near-term upside

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Nokia (NOK) closed Monday’s session at $8.82.

Nokia Oyj, NOK

Nokia’s stock jumped 6.7% in Monday’s session, closing at $8.82 on heavier-than-usual volume. That follows a quieter stretch — the stock had gained just 1.5% over the prior four weeks.

The move reflects renewed interest in Nokia’s software and enterprise push, which has been gaining traction.

Nokia holds a unique position in the wireless equipment space as the only global supplier offering O-RAN alongside commercial 5G Cloud-RAN networks. That’s not a small thing in a market where network operators are actively looking to diversify away from legacy vendors.

The company is also pushing into copper and fiber deployments through passive optical networking — a growth area as broadband infrastructure spending picks up globally.

Apple has reportedly deployed Nokia technology at its data centers, which adds a high-profile name to the company’s enterprise credentials.

Nokia’s C-Band portfolio covers 5G standalone and non-standalone networks, cloud-based setups, and Open RAN products — giving it a broad footprint across the current wave of network upgrades.

On the strategy side, management has flagged plans to accelerate execution, tighten customer focus, and cut long-term costs — a combination that investors tend to reward when delivered.

The company is also targeting a scalable software business with expansion into what it calls “structurally attractive enterprise adjacencies.”

Earnings in Focus

Looking ahead, Nokia is expected to post EPS of $0.06 for the upcoming quarter — a 100% jump from the same period last year. Revenue is forecast at $5.38 billion, up 16.6% year-over-year.

Those are solid numbers on paper. But the consensus EPS estimate hasn’t moved in the past 30 days, which is worth watching. Stocks tend to struggle to hold gains without upward revisions in earnings estimates.

Nokia carries a Zacks Rank of #2 (Buy) heading into the report.

Peer Check: AST SpaceMobile Also Surges

Also in the wireless equipment space, AST SpaceMobile (ASTS) had an even bigger session — closing up 10.3% at $92.62.

That said, ASTS has dropped 19.9% over the past month, so Monday’s move comes off a rough stretch.

The consensus EPS estimate for ASTS’s upcoming quarter has been revised up 7.9% over the past month to -$0.23, though that still represents a 15% deterioration versus a year ago. ASTS holds a Zacks Rank of #3 (Hold).

Nokia’s upcoming earnings report will be the next major test for whether Monday’s momentum has legs.

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