Nokia(US:NOK) Financial Modeling Prep·2025-11-20 23:15Core Insights - Nokia Corporation is a global leader in telecommunications and technology, known for its contributions to mobile networks, digital health, and recent ventures into AI and defense technologies [1] - The company faces competition from tech giants like Ericsson and Huawei but continues to innovate and expand its market presence [1] Financial Performance - As of the latest trading, Nokia's stock is priced at $5.98, reflecting a slight decrease of 0.99% with a change of $0.06 [4] - The stock has fluctuated between a low of $5.92 and a high of $6.21 during the day, with a yearly range of $4.00 to $8.19 [4] - Nokia's market capitalization is approximately $32.14 billion, with a trading volume of 37.68 million shares [5] Analyst Outlook - An analyst from New Street set a price target of $6.57 for Nokia, suggesting a potential upside of about 10.28% from the current trading price of approximately $5.96 [2] - This optimistic outlook aligns with Nokia's strategic moves, particularly its partnership with NestAI [2][6] Strategic Partnerships - Nokia's collaboration with NestAI focuses on AI-powered defense and critical infrastructure solutions, with an investment of €100 million alongside Tesi [3] - The partnership aims to develop advanced AI technologies for unmanned vehicles and autonomous operations, impacting sectors like logistics, surveillance, and defense [3][6]