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.

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.