High-rolling investors have positioned themselves bullish on Nokia (NYSE:NOK), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NOK often signals that someone has privileged information.Today, Benzinga's options scanner spotted 9 options trades for Nokia. This is not a typical pattern.The sentiment among these major trade ...

Core Insights - The launch of the world's first commercial mobile service on 5G Core SaaS by Citymesh, powered by Nokia and AWS, signifies a transformative shift in telecommunications network deployment and scalability [2][6][8] SaaS Model Benefits - The software-as-a-service model allows telecommunications providers to reduce upfront capital investment and operational complexity, enabling flexible, subscription-based services [3][9] - It offers catalog-based service creation, on-demand network capabilities, and rapid feature deployment with predictable cost control through subscription pricing [3][9] Citymesh's Implementation - Citymesh utilizes Nokia's Core SaaS for Business on AWS's global cloud infrastructure to serve various sectors, including enterprises, airports, hospitals, and transportation [4][6] - The solution enables Citymesh to create customized service plans without extensive telecommunications engineering or ongoing integration work [4][6] Scalability and Security - The AWS global cloud infrastructure provides scalability to manage unpredictable demand spikes without requiring upfront infrastructure investments [5][9] - The platform ensures telecommunications-grade availability and meets stringent security requirements [5][9] Industry Impact - The introduction of telecom SaaS represents a paradigm shift in the telecommunications industry, allowing providers to subscribe to services as needed and scale their operations with demand [8][9] - This collaboration between Citymesh, Nokia, and AWS demonstrates how cloud-native infrastructure can simplify advanced connectivity for telecommunications providers [8][9]

In this articleARMNVDAGOOGLMETAAMZNMSFTNOKIA-FITSMThe replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty ImagesNew York-listed shares of British semiconductor firm Arm ticked 1.4% higher in premarket trading on Wednesday, after documents showed Nvidia sold its stake in the company it once wanted to buy. At the end of the third quarter, Nvidia held ...

Core Viewpoint - A coalition of 15 companies, led by Microsoft and Ericsson, has launched the "Trusted Tech Alliance" to promote digital trust and address concerns about data sovereignty amid increasing isolationist policies in the U.S. [1] Group 1: Alliance Formation - The alliance is the first coordinated effort by global companies to tackle issues related to data storage and digital sovereignty [1] - Discussions about forming the alliance began in mid-2022 between Microsoft and Ericsson [1] Group 2: Member Companies - The alliance includes notable companies such as Anthropic, Amazon Web Services, Alphabet's Google, Reliance Jio Platforms, Nokia, Cohere, NTT, and SAP [1] Group 3: Principles of the Alliance - The alliance is built around five principles: strong corporate governance, ethical conduct, secure technology development, adherence to global security standards, and support for an open digital environment [1] - Members will self-attest to these principles, which also include provisions for independent assessments [1] Group 4: Industry Context - The initiative responds to a growing trend of countries seeking to establish stronger technology borders and reduce dependence on foreign suppliers [1] - Microsoft President Brad Smith emphasized the need for a clear definition of trust in technology [1] - Ericsson CEO Börje Ekholm noted that no country can achieve full sovereignty alone, highlighting the interconnected nature of technology [1]

Core Viewpoint - Elkem is conducting a NOK 1,500 million underwritten equity issue through a bookbuilding process, with careful consideration of shareholder interests in the allocation of new shares [1]. Group 1: Equity Issue Details - The NOK 1,500 million equity issue will be subject to market conditions and terms, with a minimum application amount and allocation criteria to be determined by the Board [1]. - A repair offering will follow, allowing existing shareholders to subscribe for new shares at the same subscription price [1]. Group 2: Company Overview - Elkem is a leading provider of advanced silicon-based materials, focusing on sustainable solutions in various sectors including electric mobility and digital communications [1]. - The company reported an operating income of NOK 31 billion in 2025 and has a workforce of over 7,000 people [1]. - Elkem has received high scores for environmental performance, including an A on Forests and Water Security and a B on Climate Change from CDP [1].

Core Insights - Hydro's adjusted EBITDA for Q4 2025 was NOK 5,587 million, a decrease from NOK 7,701 million in Q4 2024, primarily due to lower alumina prices and a stronger NOK, partially offset by higher primary and alumina volumes and lower raw material costs [1][22] - The company generated NOK 4.6 billion in free cash flow and proposed a cash dividend of NOK 3.0 per share, representing 60% of the adjusted net income for 2025 [4][11] Financial Performance - Adjusted EBITDA for Bauxite & Alumina decreased to NOK 1,392 million from NOK 4,969 million year-on-year, mainly due to lower alumina sales prices and a stronger BRL against USD [12] - Adjusted EBITDA for Aluminium Metal increased to NOK 3,707 million from NOK 1,949 million year-on-year, driven by higher all-in metal prices and lower alumina costs [16] - Adjusted EBITDA for Energy decreased to NOK 1,075 million from NOK 1,151 million year-on-year, primarily due to lower price area gains [14] - Adjusted EBITDA for Metal Markets decreased to a negative NOK 56 million from NOK 319 million year-on-year, attributed to lower sourcing and trading results [17] - Adjusted EBITDA for Extrusions decreased to a loss of NOK 62 million from NOK 371 million year-on-year, driven by weaker sales margins [18] Operational Highlights - Alumina production at Alunorte exceeded nameplate capacity, supported by improved refinery flow and high equipment availability [3] - The ramp-up of previously curtailed capacity at Norwegian smelters continued, with quarterly production increasing by 2.5% year-on-year [3] - The strategic workforce reduction was completed, with around 850 employees leaving the company [8] Strategic Initiatives - Hydro signed two long-term power sourcing agreements covering 5.25 TWh for the period 2031 to 2040, crucial for its low-carbon aluminium strategy [5] - The company is investing NOK 1.2 billion in the Illvatn pumped storage plant project, its largest hydropower investment in over 20 years [6] - Hydro announced the consolidation of its Extrusions operations in Europe, confirming the closure of two plants in the UK scheduled for late 2026 [7] Market Conditions - Average Nordic power prices increased in Q4 2025 compared to both the previous quarter and the same quarter last year, driven by stronger seasonal demand and production outages [15] - Global primary aluminium consumption increased, with a 1.2% rise in world ex. China [16] - European extrusion demand was flat year-on-year but increased by 3% compared to Q3 2025, while North American extrusion demand was flat year-on-year but decreased by 8% compared to Q3 2025 [19][20]

Core Insights - The Finnvera Group reported a significant decline in profit to EUR 16 million in 2025, primarily due to the return of a fund payment commitment of EUR 349 million to the State Guarantee Fund, despite a strong operating result of EUR 365 million [4][10][20]. Financial Performance - The operating result for the period was strong at EUR 365 million, but the total profit was reduced to EUR 16 million after the return of the fund payment commitment [4][10]. - The Group's net interest income decreased by 13% to EUR 121 million, and net fee and commission income fell by 16% to EUR 167 million compared to the previous year [22][28]. - Realised credit losses were significantly lower at EUR 36 million, down 70% from the previous period, contributing positively to the operating result [23][28]. Financing Activities - Finnvera granted domestic loans and guarantees amounting to EUR 1.0 billion, a 10% increase from EUR 0.9 billion in 2024 [5][15]. - Export credit guarantees and special guarantees surged to EUR 7.0 billion, a 143% increase from EUR 2.9 billion in 2024, reflecting strong financing volumes for the cruise shipping sector [8][15]. - The volume of export credits granted reached EUR 5.6 billion, an increase of 837% from EUR 0.6 billion in the previous year, although EUR 3.1 billion of this financing fell through [9][15]. Balance Sheet and Reserves - The total balance sheet increased by 5% to EUR 15.5 billion, while contingent liabilities rose by 12% to EUR 16.8 billion [2][4]. - Non-restricted equity and assets of the State Guarantee Fund increased by 17% to EUR 2.5 billion, indicating a strengthening of reserves for potential losses [2][4]. - Expected credit losses on the balance sheet items decreased by 14% to EUR 1.0 billion [2][4]. Strategic Developments - Finnvera updated its organizational structure to better serve Finnish companies' growth and internationalization needs [11]. - The company became a shareholder in the European Investment Fund (EIF) to enhance its integration into EU financing facilities, particularly for SMEs [12]. - A legislative overhaul was completed to improve Finnvera's operational flexibility and transparency, set to take effect in 2026 [13]. Outlook - The business outlook for 2026 anticipates moderate growth in the Finnish economy, with expectations for increased demand for domestic financing and export credit guarantees [34][35]. - Finnvera aims to support growth in emerging markets and enhance financing for innovative and scalable start-ups [37][40].

Investment Activity - FNY Investment Advisers LLC acquired a new position in Nokia worth $34,000 during the second quarter [1] - First Horizon Advisors Inc. increased its stake in Nokia by 677.1% during the second quarter, now owning 8,486 shares valued at $44,000 after purchasing an additional 7,394 shares [1] - Park National Corp OH and Eagle Strategies LLC also acquired new positions in Nokia during the third and second quarters, valued at $51,000 and $52,000 respectively [1] - World Investment Advisors acquired a new stake in Nokia during the second quarter valued at approximately $54,000 [1] - Institutional investors and hedge funds own 5.28% of Nokia's stock [1] Stock Performance - Nokia shares opened at $7.07, with a fifty-day moving average of $6.49 and a 200-day moving average of $5.64 [2] - The company has a market capitalization of $40.60 billion, a price-to-earnings ratio of 54.39, and a price-to-earnings-growth ratio of 2.38 [2] - Nokia's debt-to-equity ratio is 0.11, with a quick ratio of 1.36 and a current ratio of 1.58 [2] - The stock has a one-year low of $4.00 and a one-year high of $8.19 [2] Analyst Ratings - Kepler Capital Markets upgraded Nokia from a "hold" to a "buy" rating [3] - Morgan Stanley raised Nokia from an "equal weight" to an "overweight" rating [3] - UBS Group maintained a "neutral" rating on Nokia [3] - JPMorgan Chase & Co. increased their price target on Nokia from $7.10 to $8.00, maintaining an "overweight" rating [3] - New Street Research set a price objective of $6.57 for Nokia [3] - The consensus rating for Nokia is "Moderate Buy" with an average price target of $6.77 [3] Company Overview - Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with a history dating back to 1865 [5] - The company has transitioned from forestry and cable operations to electronics and telecommunications, becoming well-known for mobile phones in the 1990s and 2000s [5] - Recently, Nokia has refocused on network infrastructure, software, technology licensing, and research and development after divesting its handset manufacturing business and acquiring Alcatel-Lucent in 2016 [5][6]

Group 1 - The analyst has over a decade of experience researching various companies across different sectors, including commodities like oil, natural gas, gold, and copper, as well as technology firms such as Google and Nokia [1] - The analyst has transitioned from writing a blog to creating a value investing-focused YouTube channel, where extensive research on hundreds of companies has been conducted [1] - The analyst expresses a particular interest in covering metals and mining stocks, while also being comfortable with other industries such as consumer discretionary/staples, REITs, and utilities [1]

Core Insights - Nokia Corporation reported a 3% increase in comparable net sales for Q4 2025, reaching EUR 6.1 billion, driven by growth in network infrastructure and mobile networks [1] - The company achieved a full-year operating profit of EUR 2.0 billion, slightly exceeding its guidance midpoint of EUR 1.85 billion [2] Financial Overview - In 2025, Nokia experienced a 2% year-on-year rise in net sales on a constant currency and portfolio basis, with a reported increase of 3% [2] - The comparable diluted EPS for Q4 was EUR 0.16, with a free cash flow of EUR 0.2 billion and a net cash balance of EUR 3.4 billion [5] Margin Analysis - The comparable operating margin fell by 90 basis points year-on-year to 17.3%, mainly due to increased investments in network infrastructure and costs from the integration of Infinera [3][9] - The comparable gross margin improved by 90 basis points to 48.1%, supported by a strong product mix, while the reported gross margin decreased by 120 basis points to 44.9% due to higher restructuring costs [4] Networks Overview - Optical networks emerged as a significant growth driver, fueled by strong demand from AI and cloud deployments, while IP networks grew by approximately 3% [6][10] - Fixed networks remained stable, and the company's book-to-bill ratio stayed above 1, indicating ongoing momentum in optical and IP networks [6] Cloud and Network Services - Cloud and network services saw a slight year-on-year decline in Q4, but full-year net sales increased by 6% due to strong demand in core networks [7] - Mobile networks experienced a 6% growth in Q4 net sales, supported by a favorable product mix [7]