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Nokia begins the second phase of its share buyback program and cancels the repurchased shares
Nokia (NYSE: NOK ) has launched the second €300 million phase of its share buyback program, which aims to return up to €600 million in cash to shareholders in installments over two years.
The NOK's momentum indicator turned positive
The momentum indicator for NOK (Nokia) moved above the 0 level on November 10, 2022, indicating that the stock may be in a new upward movement. Traders may also consider buying the stock or buying call options ahead of the stock rally in December. Tickeron AIdvisor examined 81 similar cases where the indicator turned positive. In 59 of the 81 cases, the stock rose in the following days. The chance of going higher is 73%.
HMD Global Delivers All-Time High Handset Wholesale ASP in Q3 2022
Now we can safely say - the king has woken up, Nokia is the king. According to the latest report of the analysis company Strategy Analytics for the third quarter of 2022, Nokia Mobile has become the 4th leading supplier in Western Europe. The higher percentage of Nokia smartphones in total handset volume resulted in Nokia Mobile's highest ever ASP in Q3 2022.
Nokia's Q3 operating profit falls short of expectations amid strong demand
Despite the big smiles, Nokia today reported quarterly operating profit that fell short of market expectations, even as the Finnish telecom equipment maker continues to benefit from strong demand from phone companies as they roll out 5G.
HMD Global is shutting down HMD Connect
After only a few days of operation, HMD stopped the Connect service, in which it offered a SIM card and related service packages to its new customers.