Nokia Shares Soar 8.99% at Opening, Driven by Better-than-Expected Results
Nokia demonstrates a remarkable performance this Thursday morning at the opening, with a gain of over 9%. This increase is fueled by the release of quarterly results that significantly exceed market expectations, accompanied by an upgrade in the Finnish group's annual outlook.
Significant Gain in Share Price
The share price crossed the threshold of €5.16 from €4.74 the previous day, thus gaining 8.99% in a few hours. This acceleration coincides with the announcement of the third-quarter results, which show an adjusted operating profit of 435 million euros. Revenue increased by 11.7% year-over-year to 4.8 billion euros, also surpassing analyst estimates. Driven by the optical networks division, which recorded a 19% growth, the overall performance has convinced the group to raise its 2025 guidance, now ranging between 1.7 and 2.2 billion euros in comparable operating results. This stock's progress is part of a broader favorable dynamic, with a gain of 8.26% over the last seven days and 26.09% over three months.
Technical Analysis of the Stock
Technically, the stock presents a marked bullish configuration, although cautionary signals are emerging. The relative strength index stands at 80, indicating an overbought zone where a technical correction could be possible after such rapid progress. The price is solidly established above its 50-day moving average, set at €4.05, validating the short-term bullish direction, while positioning above the 200-day average indicates a more sustainable upward trajectory. However, traded volumes remain limited, representing only 0.02% of the capital, raising questions about the solidity of this progression. With a beta of 0.22, Nokia shows a much lower sensitivity to the movements of the CAC 40, which records a moderate rise of 0.2%, explaining why this stock distinctly stands out from the general market.
Technical Resistance Surpassed
The stock is now well above its established technical resistance at €4.99, crossing an important threshold. The twelve-month progression stands at 18.39%, significantly outperforming the CAC 40, which is limited to 9.13% over the same period. Although the current technical context demonstrates some acceleration, the price-moving averages ratio reveals a gap of €0.34 from the 200-day average, reflecting a significant revaluation of the stock. This configuration suggests that Nokia benefits both from concrete results published today and from a more structural resurgence of interest, particularly in its positioning in infrastructures related to artificial intelligence and cloud computing.
