--- title: "Weekly Recap | Nokia Oyj -2.72%, trailing the S&P 500" type: "News" locale: "en" url: "https://longbridge.com/en/news/300190152.md" description: "Nokia (NOK) fell 2.72% this week to close at $10.39, trailing the S&P 500’s +1.21% gain by about 3.93 percentage points. The tape was more of a failed rally than a steady bleed: Monday opened at $10.98 and hit $11.05, the week’s high, before fading. Thursday gapped down to about $10.18 and touched $10.17, then Friday spent the session between $10.32 and $10.50, ending near the lows. Weekly amplitude came to 8.01%, with trading volume running slightly below the daily median." datetime: "2026-09-26T06:47:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300190152.md) - [en](https://longbridge.com/en/news/300190152.md) - [zh-HK](https://longbridge.com/zh-HK/news/300190152.md) generator: "portal-rs" --- # Weekly Recap | Nokia Oyj -2.72%, trailing the S&P 500 ## The Week Nokia (NOK) fell 2.72% this week to close at $10.39, trailing the S&P 500’s +1.21% gain by about 3.93 percentage points. The tape was more of a failed rally than a steady bleed: Monday opened at $10.98 and hit $11.05, the week’s high, before fading. Thursday gapped down to about $10.18 and touched $10.17, then Friday spent the session between $10.32 and $10.50, ending near the lows. Weekly amplitude came to 8.01%, with trading volume running slightly below the daily median. ## Key Events The week’s story was mostly about the optical communications sector. Nokia moved up in pre-market trading early in the week as the group rallied, but daily comparisons quickly turned less favourable: Monday’s gain was smaller than peers, Tuesday brought an intraday drop of more than 3%, and Thursday saw another sharp pullback, with pre-market losses as wide as 3.38%. Headlines repeatedly framed the stock against rivals and the broader market, calling it an underperformer on Monday, Tuesday and Thursday relative to the S&P 500, with only one session where it managed to outperform competitors. There were no major company-specific product, earnings or regulatory disclosures during the week; the price action tracked optical-sector sentiment and the wider market. ## Analyst Ratings Fourteen brokers cover the stock: 7 rate it buy, 4 overweight, 2 hold, and 1 underweight; none say sell or have no opinion. The consensus rating is buy, with an average target of $14.97, roughly 44.05% above the $10.39 weekly close. Targets range from $8.50 to $21.00, a wide spread that points to real disagreement. Within the communications equipment industry, Nokia ranks 6th out of 40 names covered. ## The Week Ahead Next week’s macro calendar starts with the Dallas Fed manufacturing business activity index on Monday, 28 September, with a prior reading of 11.6. Tuesday, 29 September, brings a cluster of US data: FHFA house prices, the Case Shiller 20-city home price index, JOLTS job openings and consumer confidence. JOLTS previously printed at 7.271 million with expectations of 7.24 million, while consumer confidence came in at 89.4 against a 90 forecast. For Nokia itself, the next company-specific catalyst is 22 October, when the firm reports fiscal 2026 third-quarter results; consensus estimates point to EPS of $0.0512 and revenue of $5.753 billion. ## In Short This week left a gap between market positioning and price action. The sell-side consensus is buy, with an average target more than 40% above spot and only one underweight among 14 brokers, yet the stock fell nearly 4 percentage points behind the S&P 500. Valuation is not obviously cheap, at about 70.7x earnings and 2.4x book. The latest session’s fund flow showed small-lot money as a net seller while large and mid-lot orders moved in opposite directions, so there is no clean signal of conviction. The main test is 22 October’s third-quarter report, which may finally connect the week’s sector-driven swings back to Nokia’s own supply, order book or margin story. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [NOK.US](https://longbridge.com/en/quote/NOK.US.md) - [LNOK.US](https://longbridge.com/en/quote/LNOK.US.md) ## Related News & Research - [Nokia Deepfield Cloud Intelligence Expands Across Zain KSA Network](https://longbridge.com/en/news/300468581.md) - [Nokia improves network performance and efficiency for Zain KSA across Saudi Arabia | NOK Stock News](https://longbridge.com/en/news/300394119.md) - [Vodafone, Nokia test technology to boost fibre network capacity, extend lifespan](https://longbridge.com/en/news/300529033.md) - [Eli Lilly Upgraded, Intel Downgraded: Updated Rankings on Top Blue-Chip Stocks](https://longbridge.com/en/news/300341183.md) - [$1000 Invested In Nokia 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/299336598.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**