Nokia Receives Buy Rating Despite Q2 Operating Loss
B. Riley initiated coverage of Nokia (NYSE:NOK) with a 'Buy' rating and set a price target of $15, citing the company's strong position in telecom infrastructure, cloud software, and hardware networking solutions. The firm highlighted robust growth across several segments, including a 20% year-over-year increase in Optical Networks revenue and a 16% rise in IP Networks sales during Q2 2026. Despite these positive developments, Nokia reported an operating loss of EUR 50 million for the quarter compared to an operating profit of EUR 147 million in the same period last year. The company attributed this decline primarily to accelerated restructuring efforts and expects total related charges of EUR 800 million in 2026. Hedge fund interest in Nokia increased during Q2, with 81 hedge funds holding shares as of June 30 compared to 66 at the end of Q1. Short interest remains low at 1.04% of outstanding shares.
Tickers: $NOK
Topics: B. Riley Buy rating Nokia Operating loss Q2 earnings