Nokia Oyj (NYSE:NOK) shares are trending on Wednesday.
Shares of the telecommunications equipment maker rose 4.15% to $11.07 in after-hours trading on Tuesday.
The gain in the late trading session came after the stock climbed 5.46% during the regular session to close at $10.63, according to Benzinga Pro data.
Q2 Earnings On Deck
The stock move comes just two days ahead of Nokia’s second-quarter and half-year 2026 financial report. Nokia last week announced that it will report the data on Thursday at approximately 8 a.m. Finnish time.
The company said the release will summarize group-level results and outlook, while detailed segment-level data will appear only in the complete report, available on Nokia’s website.
In the last quarter reported in April, Nokia posted revenue of $5.26 billion, missing analyst estimates by 2.50%.
In June, JPMorgan (NYSE:JPM) maintained an Overweight rating on Nokia, raising its price target to $21 from $14.
Last week, Nokia also announced a 5G expansion agreement with Taiwan Mobile to accelerate AI-native mobile network development across Taiwan, deploying its AirScale portfolio and AI-driven software solutions.
Trading Metrics, Technical Analysis
Nokia has a market capitalization of $61.77 billion, a 52-week high of $17.45 and a 52-week low of $4.
The Relative Strength Index (RSI) of NOK stands at 36.79.
The large-cap stock of the Finland-based company has gained 138.34% over the past 12 months.
NOK is currently trading near the middle of its 52-week range, at 49.3% of the way between its 52-week low and high.
With a strong Momentum score in the 94th percentile, Benzinga’s Edge Stock Rankings show that NOK is seeing short-term and medium-term consolidation, while maintaining a long-term upward trend.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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