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Nokia (HE:NOKIA) Corporation confirmed the continuation of positive order momentum in its Networks Infrastructure segment for the second half of 2024, which is carrying into 2025.
At the Mobile World Congress (MWC) in Barcelona, the company highlighted ongoing market share gains in its Mobile Networks division. These gains are seen as a counterbalance to the anticipated decline in revenue from AT&T (NYSE:T) this year.
Nokia’s management expressed confidence in the Optical business and its recent acquisition, Infinera (NASDAQ:INFN), both of which have maintained healthy order momentum post-announcement. The company’s leadership is optimistic about achieving a stronger combined position in the market.
Analysts at Jefferies provided their perspective on Nokia’s current standing and future prospects. They described Nokia as a defensive play in an uncertain global environment, expecting the company’s revenue momentum to stay robust through 2025 and into 2026.
Despite this positive outlook, Jefferies noted that current valuations seem to have already factored in the anticipated sales recovery. They also pointed out that expected margin compression in the current year could pose a challenge for the company.
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