NOK is trading at $11.29 (+4.9%) following a strong Q1 earnings beat and multiple analyst upgrades highlighting the company's AI-driven growth momentum.
- Comparable EPS rose to €0.05 on €4.5B in revenue, fueled by surging demand for AI-powered network infrastructure and optical networks from hyperscalers.
- Bank of America upgraded the stock to Buy with a $12.40 target, while CFRA raised its target to $16, labeling the firm an emerging leader in optical networking.
- Management issued optimistic forward guidance, forecasting Q2 revenue growth of 5%-9% quarter-over-quarter, supported by the Infinera acquisition.