Stock in focus: Nokia is back – no one is better in the Euro Stoxx 50
The former dot-com star is reinventing itself for the third time. Nvidia provided the initial spark. But investors should also be aware of the risks.
Nokia, the Finnish company, has seen its stock rise by 120% in the past 12 months, making it the top performer in the Euro Stoxx 50. The company's transformation from a mobile phone manufacturer to a provider of network equipment and technology, including optical transmission and 5G networks, has sparked investor optimism. Nokia's partnership with Nvidia, which invested $1 billion in the company, has also boosted its stock, with the two companies working together on artificial intelligence and 6G networks.
The company's quarterly order intake rose to €2.8 billion and analysts forecast a net profit of €1.3 billion for the current year and €1.9 billion for next year. Despite the stock's high valuation, with a price-to-earnings ratio of 24, some analysts are optimistic about Nokia's prospects.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
