--- title: "Weekly Recap | Nokia Oyj -5.11%, plans near-total China exit" type: "News" locale: "en" url: "https://longbridge.com/en/news/296669680.md" description: "Nokia (NOK) fell 5.11% this week to close at $10.21, underperforming the S&P 500 by roughly 3.68 percentage points. The week traced a sharp reversal: shares opened Monday (17 Aug) and surged to an intra-week high of $11.13 before sellers stepped in, sliding to $10.39 by Tuesday. The sell-off intensified on Wednesday, pushing the stock to a weekly low of $9.87. A modest bounce on Thursday and Friday brought the close back to the $10.20 area. The weekly swing was a wide 11." datetime: "2026-08-22T05:24:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296669680.md) - [en](https://longbridge.com/en/news/296669680.md) - [zh-HK](https://longbridge.com/zh-HK/news/296669680.md) generator: "portal-rs" --- # Weekly Recap | Nokia Oyj -5.11%, plans near-total China exit ## The Week Nokia (NOK) fell 5.11% this week to close at $10.21, underperforming the S&P 500 by roughly 3.68 percentage points. The week traced a sharp reversal: shares opened Monday (17 Aug) and surged to an intra-week high of $11.13 before sellers stepped in, sliding to $10.39 by Tuesday. The sell-off intensified on Wednesday, pushing the stock to a weekly low of $9.87. A modest bounce on Thursday and Friday brought the close back to the $10.20 area. The weekly swing was a wide 11.66%, although daily turnover averaged 84.5 million shares, about 13.6% below the 60-day median, signalling a relatively quiet tape for a volatile week. ## Key Events The week’s defining story was a South China Morning Post exclusive on Tuesday, reporting that Nokia plans to shutter nearly all its mainland China sites by year-end, retaining only a skeleton crew. The stock dropped over 3% on the day as the market weighed restructuring costs and the long-term revenue hit in Asia-Pacific. Multiple outlets followed up through the week, framing the move as a strategic retreat in the face of rising competition from domestic Chinese vendors. On the sector front, optical-communication stocks swung wildly — names like LITE and COHR logged double-digit intraday moves in both directions — creating a choppy sentiment backdrop that spilled over to Nokia. Two other signals stood out. Omdia’s 2026 mobile-core competitiveness report ranked Nokia number one in portfolio strength, and Fabrinet’s AI customer list explicitly named Nokia among its partners, underscoring the company’s continued relevance in optical-networking supply chains. ## Analyst Ratings Eleven brokers cover Nokia: four rate it buy, four overweight, two hold, and one underweight, with zero sell ratings. The consensus recommendation is ‘buy’, and the consensus target sits at $15.02, roughly 47.1% above the current share price. The target range, however, spans from $8.50 to $21.00, a wide spread that reflects genuine disagreement about the company’s long-term value. Within the communications-equipment industry group of 41 firms, Nokia ranks 8th — a mid-to-upper tier position. ## The Week Ahead On the macro front, US consumer confidence, FHFA house-price data, and the Case-Shiller index are due next Tuesday, offering a read on household sentiment and housing-market momentum that could shift broad risk appetite. Nokia’s next catalyst is its fiscal Q3 2026 results, scheduled for 22 October, where the Street expects revenue of $5.74 billion and EPS of $0.0511. That print will be the first real test of the financial impact of the China exit. No direct company events land next week, but any further clarity — or official comment — on the China restructuring timeline will be closely watched. ## In Short Nokia’s week was defined by the China restructuring shock, pushing the stock back towards the $10 mark. The glass-half-full case: analyst consensus is a buy, with a target nearly 50% above spot, and Omdia’s report reinforces the company’s technical moat in mobile core. The glass-half-empty case: the stock trades at a lofty ~69x PE, and the latest session’s capital flows were mixed — large-lot money was a net buyer, but medium and small orders were less decisive, showing no unified conviction. The 10 October earnings report is the next big checkpoint: whether Nokia can manage the cost of exiting China while keeping growth alive elsewhere will determine if the pullback is a reset or a warning. *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) ## Related News & Research - [Why Is Nokia Stock Surging on Tuesday?](https://longbridge.com/en/news/295558292.md) - [Here's How Much $100 Invested In Nokia 5 Years Ago Would Be Worth Today](https://longbridge.com/en/news/286963594.md) - [Here's How Much $1000 Invested In Nokia 5 Years Ago Would Be Worth Today](https://longbridge.com/en/news/282104014.md) - [What's Going On With Nokia Stock On Friday?](https://longbridge.com/en/news/286580403.md) - [Nokia Discloses Insider Share Purchase by Senior Executive](https://longbridge.com/en/news/286787192.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**