In today's video I look at fundamentals, financial metrics, and recent news for Nokia Oyj (NOK 2.66%). On July 13, Nokia's stock price jumped after the company announced plans to revise its 2021 financial guidance. Below I share a few highlights from the video.
- Some investors may consider Nokia a meme stock due to the popularity from the Reddit community. But when you look at the trailing-12-month fundamentals, it paints a different picture. Nokia is positive in cash flow from operations and has more cash and short-term investments than debt.
- Nokia will report its second-quarter earnings and the revised guidance on July 29. The company expects to raise its guidance due to continued strength in many of its markets and good cost control thanks to its three-phased plan to achieve sustainable, profitable growth and technology leadership.
- Investors should note that Nokia still expects some headwinds in the second half of the year, but the first half has strengthened its foundation for the full year.
*Stock prices used were the midday prices of July 13, 2021. The video was published on July 13, 2021.
