T - What's Going On With Nokia Stock Tuesday? | Benzinga
Nokia Corp (NYSE: NOK) made several key announcements Tuesday, including cutting its financial outlook and sharing about a critical acquisition and a significant partnership.
The company revised its long-term financial targets, reducing its 2026 comparable operating margin target from at least 14% to at least 13%. This adjustment reflects current market conditions, particularly in the Mobile Networks sector. Despite this change, Nokia maintains a positive outlook on achieving the original 14% margin target in the longer term and sees opportunities for further margin growth beyond 2026.
The company's strategy includes growth objectives for its Network Infrastructure (NI) and Cloud and Network Services (CNS) divisions, aiming to outpace market growth through 2026. However, the Mobile Networks business will likely encounter challenges in 2024 and 2025 before ...