Nokia Corporation (NYSE:NOK) is a global leader in telecommunications, information technology, and consumer electronics. The company is known for its innovative solutions in mobile networks, digital health, and more. Nokia competes with other major players like Ericsson and Huawei in the telecommunications industry. On February 10, 2025, Nokia announced a share buyback program to repurchase 150 million shares, aiming to mitigate the dilutive effects of new shares issued to Infinera Corporation shareholders and certain share-based incentives.
The buyback program, which started on November 25, 2024, is set to conclude by December 31, 2025, with a maximum expenditure of EUR 900 million. On February 10, 2025, Nokia executed transactions worth EUR 6.6 million, increasing its treasury shares to approximately 243.7 million. This initiative is conducted in compliance with the Market Abuse Regulation (EU) 596/2014 and other relevant regulations, under the authorization granted by Nokia’s Annual General Meeting on April 3, 2024.
Nokia's financial performance has been strong, as evidenced by its recent earnings report on January 30, 2025. The company reported earnings per share of $0.19, surpassing the estimated $0.14. Additionally, Nokia's revenue reached approximately $6.24 billion, exceeding the estimated $4.40 billion. This positive financial performance supports the company's strategic initiatives, including the share buyback program.
Currently, Nokia's stock is priced at $4.99, reflecting a 1.73% increase with a price change of $0.085. The stock has fluctuated between a low of $4.88 and a high of $4.99 today, with $4.99 marking its highest price over the past year. Nokia's market capitalization stands at approximately $26.79 billion, with a trading volume of 18.35 million shares. Over the past year, the stock has seen a low of $3.29, indicating a significant recovery in its stock price.
