The sun is out and appears to be shining brightly on Nokia (NOK). Over the past few months, shares have been trending higher, culminating in year-to-date gains of 47%. 10% of those returns were collected in Tuesday’s trading after the company made a positive pre-earnings announcement, which appeared to catch Wall Street by surprise. “We were not shocked to hear that the June quarter tracked better than the below seasonal expectations,” said Raymond James’ Simon Leopold, “But we were surprised that management felt enough conviction to increase the full-year forecast.” The details were sparse, but Nokia said it expects to beat the previous 2021 forecast for revenue between €20.
https://www.tipranks.com/news/article/despite-improved-outlook-nokia-remains-a-risky-proposition
Nokia (NYSE:NOK)
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Nokia (NYSE:NOK)
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From Jan 2021 to Jan 2022 Click Here for more Nokia Charts.