Nokia Oyj has announced a solid start to 2026, raising its financial guidance as net sales grew 4% year-over-year and surged 49% for AI and Cloud customers. In a significant strategic move, Nokia will sell its global fixed wireless access device business to Inseego for approximately $200 million while becoming a significant stakeholder with an 11% equity investment. This transformation is part of Nokia's effort to simplify its operational model and has led to a positive reevaluation of the company's fair value estimate by analysts, coinciding with its recent stock price reaching a 16-year high.
“| [NOK](https://seekingalpha.com/symbol/NOK#source=first_level_url%3Anews%7Csection%3Aright_rail%7Csection_asset%3Amost_active%7Csymbol%3ANOK%7Cline%3A3) | 10.46 | 1.26% |”
“Nokia · closed · stock price · $10.76”
“Nokia Oyj (NYSE:NOK) · was · among the stocks on Jim Cramer’s Mad Money radar · true”
“Nokia Oyj (NYSE:NOK) · is at · a 16-year high · true”
“Nokia Oyj (NYSE:NOK) · raised its · guidance · true”
“Nokia Oyj (NYSE:NOK) · develops · mobile, fixed, and cloud network solutions · true”
“Inseego · is acquiring · Nokia’s global fixed wireless access device business · approximately $200 million run rate unit”
“Nokia · will provide · up to $38 million of EBITDA support · in year one”
“Nokia · will make · a $10 million direct equity investment · to make Nokia roughly a 11% owner”
“the companies · negotiated · a support agreement · under which Nokia will provide quarterly cash payments”
“Nokia Oyj · was trading at · share price · $10.60”
“Nokia Oyj · has P/E ratios · trailing and forward P/E · 81.87 and 29.07 respectively”