Summary
3.90 0.05(1.17%)07/05/2024
Nokia Corp (NOK)
Nokia Corp (NOK)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.17 | 3.04 | -2.01 | 11.60 | 13.23 | -6.71 | -21.57 | 490.75 |
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| Trading Data | ||
| Close | 3.90 | |
| Open | 3.91 | |
| High | 3.92 | |
| Low | 3.85 | |
| Volume | 10,527,820 | |
| Change | 0.05 | |
| Change % | 1.17 | |
| Avg Volume (20 Days) | 10,817,987 | |
| Volume/Avg Volume (20 Days) Ratio | 0.97 | |
| 52 Week Range | 2.94 - 4.36 | |
| Price vs 52 Week High | -10.67% | |
| Price vs 52 Week Low | 32.48% | |
| Range | -0.38 | |
| Gap Up/Down | -0.01 | |
Fundamentals | ||
| Market Capitalization (Mln) | 21,528 | |
| EBIDTA | 3,024,000,000 | |
| PE Ratio | 23.2500 | |
| PEG Ratio | 0.4728 | |
| WallStreet Target Price | 4.67 | |
| Book Value | 3.8270 | |
| Earnings Per Share | 0.1600 | |
| EPS Estimate Current Quarter | 0.0600 | |
| EPS Estimate Next Quarter | 0.0700 | |
| EPS Estimate Current Year | 0.3700 | |
| EPS Estimate Next Year | 0.3800 | |
| Diluted EPS (TTM) | 0.1600 | |
| Revenues | ||
| Profit Marging | 0.0389 | |
| Operating Marging (TTM) | 0.1108 | |
| Return on asset (TTM) | 0.0330 | |
| Return on equity (TTM) | 0.0386 | |
| Revenue TTM | 21,066,000,384 | |
| Revenue per share TTM | 3.8050 | |
| Quarterly Revenue Growth (YOY) | -0.2030 | |
| Quarterly Earnings Growth (YOY) | 0.5760 | |
| Gross Profit (TTM) | 10,306,000,000 | |
| Dividends | ||
| Dividend Share | 0.1300 | |
| Dividend Yield | 0.0380 | |
| Valuations | ||
| Trailing PE | 23.2500 | |
| Forward PE | 11.8483 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.8349 | |
| Revenue Enterprise Value | 0.6984 | |
| EBITDA Enterprise Value | 5.2805 | |
| Shares | ||
| Shares Outstanding | 5,523,069,952 | |
| Shares Float | 4,419,490,101 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 0.00 | |
| Institutions (%) | 5.48 | |
07/05 15:30 EST - globenewswire.com
Nokia Corporation: Repurchase of own shares on 05.07.2024
Nokia CorporationStock Exchange Release05 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 05.07.2024 Espoo, Finland – On 05 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 391,143 3.61 CEUX - - BATE - - AQEU - - TQEX - - Total 391,143 3.61 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
Nokia Corporation: Repurchase of own shares on 05.07.2024
Nokia CorporationStock Exchange Release05 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 05.07.2024 Espoo, Finland – On 05 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 391,143 3.61 CEUX - - BATE - - AQEU - - TQEX - - Total 391,143 3.61 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
07/04 15:30 EST - globenewswire.com
Nokia Corporation: Repurchase of own shares on 04.07.2024
Nokia CorporationStock Exchange Release04 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 04.07.2024 Espoo, Finland – On 04 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 378,378 3.62 CEUX - - BATE - - AQEU - - TQEX - - Total 378,378 3.62 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
Nokia Corporation: Repurchase of own shares on 04.07.2024
Nokia CorporationStock Exchange Release04 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 04.07.2024 Espoo, Finland – On 04 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 378,378 3.62 CEUX - - BATE - - AQEU - - TQEX - - Total 378,378 3.62 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
07/04 12:42 EST - zacks.com
Nokia's (NOK) Wireless Network Boosts Agribusiness in Brazil
Solis Tower Telecom selects Nokia's (NOK) industry-leading Airscale portfolio to expand private wireless networks in rural unconnected areas and support agribusinesses across Brazil.
Nokia's (NOK) Wireless Network Boosts Agribusiness in Brazil
Solis Tower Telecom selects Nokia's (NOK) industry-leading Airscale portfolio to expand private wireless networks in rural unconnected areas and support agribusinesses across Brazil.
07/03 15:30 EST - globenewswire.com
Nokia Corporation: Repurchase of own shares on 03.07.2024
Nokia CorporationStock Exchange Release03 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 03.07.2024 Espoo, Finland – On 03 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 370,696 3.63 CEUX - - BATE - - AQEU - - TQEX - - Total 370,696 3.63 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
Nokia Corporation: Repurchase of own shares on 03.07.2024
Nokia CorporationStock Exchange Release03 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 03.07.2024 Espoo, Finland – On 03 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 370,696 3.63 CEUX - - BATE - - AQEU - - TQEX - - Total 370,696 3.63 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
07/03 13:11 EST - zacks.com
Nokia (NOK) Optimizes Network Infrastructure in Saudi Arabia
Nokia (NOK) deploys its state-of-the-art AI-powered solution on stc Group's commercial networks to automate RAN operations and boost network performance.
Nokia (NOK) Optimizes Network Infrastructure in Saudi Arabia
Nokia (NOK) deploys its state-of-the-art AI-powered solution on stc Group's commercial networks to automate RAN operations and boost network performance.
07/02 17:11 EST - businesswire.com
INFINERA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Infinera Corporation (NasdaqGS: INFN) to Nokia Oyj (NYSE: NOK). Under the terms of the proposed transaction, shareholders of Infinera can elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share they own. KSF is seeking.
INFINERA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Infinera Corporation (NasdaqGS: INFN) to Nokia Oyj (NYSE: NOK). Under the terms of the proposed transaction, shareholders of Infinera can elect to receive either: 1) $6.65 cash, 2) 1.7896 Nokia shares, or 3) a combination of $4.66 in cash and 0.5355 Nokia shares for each Infinera share they own. KSF is seeking.
07/02 15:30 EST - globenewswire.com
Nokia Corporation: Repurchase of own shares on 02.07.2024
Nokia CorporationStock Exchange Release02 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 02.07.2024 Espoo, Finland – On 02 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 382,956 3.61 CEUX - - BATE - - AQEU - - TQEX - - Total 382,956 3.61 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
Nokia Corporation: Repurchase of own shares on 02.07.2024
Nokia CorporationStock Exchange Release02 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 02.07.2024 Espoo, Finland – On 02 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 382,956 3.61 CEUX - - BATE - - AQEU - - TQEX - - Total 382,956 3.61 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
07/02 12:55 EST - zacks.com
Nokia (NOK), Telefonica Unite to Boost Spain's Private Network
Nokia (NOK) and Telefonica collaborate to revolutionize Spain's telecommunications landscape with private 5G networks.
Nokia (NOK), Telefonica Unite to Boost Spain's Private Network
Nokia (NOK) and Telefonica collaborate to revolutionize Spain's telecommunications landscape with private 5G networks.
07/02 06:40 EST - investorplace.com
The 3 Best 6G Stocks to Buy in July 2024
While the 6G race is well underway, some curious investors may wonder when and how 6G technology will come. Many analysts predict the technology will begin testing between 2025 and 2028, with the first commercial applications arriving around 2030.
The 3 Best 6G Stocks to Buy in July 2024
While the 6G race is well underway, some curious investors may wonder when and how 6G technology will come. Many analysts predict the technology will begin testing between 2025 and 2028, with the first commercial applications arriving around 2030.
07/01 15:30 EST - globenewswire.com
Nokia Corporation: Repurchase of own shares on 01.07.2024
Nokia CorporationStock Exchange Release01 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 01.07.2024 Espoo, Finland – On 01 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 358,158 3.64 CEUX - - BATE - - AQEU - - TQEX - - Total 358,158 3.64 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
Nokia Corporation: Repurchase of own shares on 01.07.2024
Nokia CorporationStock Exchange Release01 July 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 01.07.2024 Espoo, Finland – On 01 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 358,158 3.64 CEUX - - BATE - - AQEU - - TQEX - - Total 358,158 3.64 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
06/28 16:09 EST - seekingalpha.com
Nokia: Infinera Deal Isn't A Catalyst
Nokia, struggling to generate growth in a tough telecom equipment market, has acquired Infinera in a deal that doesn't move the needle. The optical networking market is only targeted at 5% CAGR, missing out on the booming demand in the AI and data center space. The stock trades at nearly 10x EPS targets with no forecasted growth and the business reliant on merger synergies to boost the 2027 EPS.
Nokia: Infinera Deal Isn't A Catalyst
Nokia, struggling to generate growth in a tough telecom equipment market, has acquired Infinera in a deal that doesn't move the needle. The optical networking market is only targeted at 5% CAGR, missing out on the booming demand in the AI and data center space. The stock trades at nearly 10x EPS targets with no forecasted growth and the business reliant on merger synergies to boost the 2027 EPS.
06/28 15:30 EST - globenewswire.com
Nokia Corporation: Repurchase of own shares on 28.06.2024
Nokia CorporationStock Exchange Release28 June 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 28.06.2024 Espoo, Finland – On 28 June 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 439,914 3.55 CEUX - - BATE - - AQEU - - TQEX - - Total 439,914 3.55 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
Nokia Corporation: Repurchase of own shares on 28.06.2024
Nokia CorporationStock Exchange Release28 June 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 28.06.2024 Espoo, Finland – On 28 June 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 439,914 3.55 CEUX - - BATE - - AQEU - - TQEX - - Total 439,914 3.55 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
06/28 15:00 EST - globenewswire.com
Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
Nokia CorporationInside Information 28 June 2024 at 22:00 EEST Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Nokia Corporation corrects its stock exchange release published on 27 June 2024, which concerned the acquisition of Infinera. The original stock exchange release lacked a description of Infinera's historical financial performance and financial position.
Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
Nokia CorporationInside Information 28 June 2024 at 22:00 EEST Correction: Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Nokia Corporation corrects its stock exchange release published on 27 June 2024, which concerned the acquisition of Infinera. The original stock exchange release lacked a description of Infinera's historical financial performance and financial position.
06/28 12:16 EST - zacks.com
Nokia (NOK) Set to Reboot Infrastructure Business With Buyout
Nokia (NOK) is set to acquire Infinera for an enterprise value of $2.3 billion to bolster its Optical Networks business and strengthen its footprint in the North American market.
Nokia (NOK) Set to Reboot Infrastructure Business With Buyout
Nokia (NOK) is set to acquire Infinera for an enterprise value of $2.3 billion to bolster its Optical Networks business and strengthen its footprint in the North American market.
06/28 11:04 EST - benzinga.com
3 Dividend-Yielding Large-Cap Stocks Under $10: Nokia, Ericsson, Sirius XM
For investors seeking value, stability, and income, dividend-yielding large-cap stocks under $10 can be an attractive option. These stocks not only offer substantial market caps but also provide solid dividend yields, making them appealing to both income-focused and value-oriented investors.
3 Dividend-Yielding Large-Cap Stocks Under $10: Nokia, Ericsson, Sirius XM
For investors seeking value, stability, and income, dividend-yielding large-cap stocks under $10 can be an attractive option. These stocks not only offer substantial market caps but also provide solid dividend yields, making them appealing to both income-focused and value-oriented investors.
06/28 10:55 EST - schaeffersresearch.com
Infinera Stock Surges on Nokia Buyout Deal
Infinera Corp (NASDAQ:INFN) stock is surging today, up 17.2% to trade at $6.17 at last glance, after news that Nokia (NOK) plans to buy the company for $2.3 billion.
Infinera Stock Surges on Nokia Buyout Deal
Infinera Corp (NASDAQ:INFN) stock is surging today, up 17.2% to trade at $6.17 at last glance, after news that Nokia (NOK) plans to buy the company for $2.3 billion.
06/28 10:35 EST - invezz.com
Nokia is buying Infinera to play the AI boom
Infinera Corp (NASDAQ: INFN) is up 20% on Friday after Nokia Oyj disclosed plans of buying the California-based company for $2.3 billion. Shares of the telecommunications giant are roughly flat at writing.
Nokia is buying Infinera to play the AI boom
Infinera Corp (NASDAQ: INFN) is up 20% on Friday after Nokia Oyj disclosed plans of buying the California-based company for $2.3 billion. Shares of the telecommunications giant are roughly flat at writing.
06/28 10:07 EST - proactiveinvestors.com
Nokia boosts data center capabilities with $2.3B Infinera purchase
Nokia has inked an agreement to acquire Infinera Corp for $2.3 billion to expand its optical network business, particularly in North America. The acquisition of the US optical networking gear maker would make Nokia the second largest optical networking vendor with a 20% market share, trailing Huawei.
Nokia boosts data center capabilities with $2.3B Infinera purchase
Nokia has inked an agreement to acquire Infinera Corp for $2.3 billion to expand its optical network business, particularly in North America. The acquisition of the US optical networking gear maker would make Nokia the second largest optical networking vendor with a 20% market share, trailing Huawei.
06/28 09:36 EST - investopedia.com
Infinera Soars After $2.3 Billion Deal to Be Acquired by Nokia
Shares of Infinera (INFN) soared in premarket trading Friday, a day after the optical networking solutions company agreed to be acquired by Finnish telecommunications firm Nokia (NOK) for $2.3 billion.
Infinera Soars After $2.3 Billion Deal to Be Acquired by Nokia
Shares of Infinera (INFN) soared in premarket trading Friday, a day after the optical networking solutions company agreed to be acquired by Finnish telecommunications firm Nokia (NOK) for $2.3 billion.
06/28 08:00 EST - barrons.com
Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.
The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.
Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.
The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.