Based on the aggregated intelligence of 115,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, mobile handset giant Nokia (NYSE:NOK) has earned a respected four-star ranking. While five-star stocks have been the best performers, our data has shown that four-star stocks still outshine the market by a significant margin and shouldn't be taken lightly; conversely, low-rated stocks have woefully lagged the market average.

With that in mind, let's take a closer look at Nokia's business, and see what CAPS investors are saying about the stock right now.

Nokia facts

Headquarters (Founded)

Espoo, Finland (1865)

Market Cap

$75.2 billion

Industry

Communication Equipment

TTM Revenue

$85.6 billion

Management

CEO Olli-Pekka Kallasvuo (since 2006)

CFO Richard Simonson (since 2004)

Return on Capital (average last three years)

26.8%

Major Competitors

Motorola (NYSE:MOT)

Alcatel-Lucent (NYSE:ALU)

CAPS members bullish on NOK also bullish on

Apple (NASDAQ:AAPL)

Microsoft (NASDAQ:MSFT)

CAPS members bearish on NOK also bearish on

Dell (NASDAQ:DELL)

Research In Motion (NASDAQ:RIMM)

Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months.

Over on CAPS, fully 390 of 419 of the All-Star members who have rated Nokia -- some 93% -- believe the stock will outperform the S&P 500 going forward. These All-Star bulls include yomanlyman and saunafool, both of whom are ranked in the top 15% of our community.

In January, yomanlyman wrote that "Cell phone handsets will continue to do more of everything, including personal navigation, gaming and business. Nokia is the best of the biggies."

A more recent pitch from saunafool in June follows that bullish logic, elaborating on Nokia's international appeal:

Nokia has 40% of the growing mobile device market. They dominate in Africa, India, China, and other parts of the developing world. ... Yet, even as average selling prices have fallen, Nokia has maintained strong gross margins even on their entry level products. They have one of the top 10 strongest brands in the world, they lead the smartphone segment worldwide (even with almost no presence in U.S. market), and they have new upside possible from data, navigation, and music download revenue streams. Americans won't see most of this because Nokia doesn't like to do unprofitable deals with U.S. service operators.

What do you think about Nokia, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 115,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

Apple is a Motley Fool Stock Advisor recommendation. Microsoft and Dell are Inside Value selections. Try any of our Foolish newsletter services free for 30 days.

Foolish contributor Brian Pacampara owns no position in any of the companies mentioned. The Fool's disclosure policy always gets a perfect score.