Nordean tekemä analyysi
16.6.2025 NOKIA
Investment case
We argue that the Network Infrastructure-driven 2025-26 top-line turnaround, margin support from Infinera synergies and IPR, and increasing exposure to faster-growing non-telco end markets (e.g. data centres, defence) should bolster in Nokia’s long-term earnings outlook, thus fuelling an investor perception change and a continued rerating of the stock
