Nokia options activity surges ahead of earnings
Nokia Corporation options activity surged with a sweep of August 21 $12 calls ahead of its July 23 earnings report. Analysts project EPS growth to 7 cents and revenue of $5.59 billion. The stock holds above its 200-day SMA but faces resistance near short-term moving averages.
*this image is generated using AI for illustrative purposes only.
Nokia Corporation is experiencing heightened options activity as investors position themselves ahead of its upcoming earnings report. A sweep of 14,992 August 21 $12 call contracts traded near the ask price of $0.99, against open interest of 15,294. This activity comes with the stock reference price at $11.56 and follows a recent 2.31% rise in shares to $11.96 on an expanded 5G deal with Taiwan Mobile.
The company is scheduled to report earnings on July 23, 2026, before the market opens. Analysts anticipate earnings of 7 cents per share, an increase from 4 cents in the prior-year period. Revenue is projected to reach $5.59 billion, compared to $5.15 billion previously. The stock currently trades with a price-to-earnings ratio of 73.3.
Analyst Ratings and Price Targets
The stock maintains a Buy rating with an average price target of $14.67. Recent analyst sentiment highlights a divergence in valuation views.
| Firm | Rating | Price Target | Date |
|---|---|---|---|
| JP Morgan | Overweight | $21.00 | June 12 |
| Argus Research | Buy | $15.00 | April 27 |
| Morgan Stanley | Overweight | $8.00 | Feb. 9 |
Technical Levels
From a technical perspective, Nokia is holding above its 200-day moving average of $8.82, trading 34.2% higher than that level. However, near-term momentum appears cautious, with shares trading 10.5% below the 20-day SMA of $13.22 and 14.9% below the 50-day SMA of $13.91. The MACD is below its signal line with a negative histogram, and key support is identified at $10.00.
How will Nokia's earnings report on July 23, 2026, impact its stock price given the heightened options activity?
What factors could drive Nokia's revenue beyond the projected $5.59 billion in the upcoming quarters?
How might the divergence in analyst price targets ($8.00 to $21.00) influence investor sentiment ahead of earnings?
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