Nokia Corporation has initiated a substantial share buyback program valued at up to EUR 600 million to enhance shareholder value, following a series of acquisitions exceeding 1.5 million shares. This move comes as the company faces financial headwinds, with expected quarterly revenue dropping 3.24% year-over-year to $5.92 billion and a projected EPS decline of 12.5% to $0.07. Despite these setbacks, analysts from Jefferies have begun covering Nokia with a 'Buy' rating and a €6 price target, indicating ongoing confidence in the company's future.
“Nokia Corporation · acquired · own shares · 274,700”
“Nokia Corporation · initiated · share buyback program · up to EUR 600 million”
“Nokia Corporation · holds · treasury shares · 54,205,626”
“Nokia Corporation · has acquired · own shares · 270,800”
“Nokia Corporation · the weighted average price · shares · 4.99 EUR”
“Nokia · announced share buyback program · return to shareholders · up to EUR 600 million”
“Nokia Corporation · holds · treasury shares · 53,930,926”
“Nokia · is not performing up to par · on a YTD basis · true”
“Nokia Corporation · acquired · own shares · 274,500”
“Nokia Corporation · weighted average price per share · EUR · 4.92”
“Nokia Corporation · announced share buyback program · maximum amount · EUR 600 million”
“Nokia Corporation · share buyback program started on · 14 February 2022”