Wells Fargo Comments on Nokia's (NOK) Q1
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April 29, 2014 3:37 PM EDT
Canaccord Genuity analyst Michael Walkley bumped his price target on Buy-rated Nokia (NYSE: NOK) to $10.25 (from $10.00) following earnings and the announcement of a new CEO.
Walkley comments, "Nokia named Rajeev Suri President and CEO and announced its new strategy for the three divisions and 5B program to... More
April 29, 2014 9:11 AM EDT
Cowen and Company is out with quick commentary on Nokia (NYSE: NOK) following the company's Q1 results, CEO appointment, and reinstatement of a quarterly dividend this morning.
Analyst Timothy Arcuri commented, With the sale of Devices and Services (D&S) to... More
April 29, 2014 6:16 AM EDT
Nokia Corp. (NYSE: NOK) reported Q1 EPS of EUR0.04, in-line with the analyst estimate of EUR0.04. Revenue for the quarter came in at EUR2.66 billion versus the consensus estimate of EUR4.01 billion.
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April 29, 2014 6:14 AM EDT
Having completed the sale of substantially all of its Devices & Services business to Microsoft on April 25, 2014, Nokia (NYSE: NOK) announced the following:
- The appointment of Rajeev Suri as President and Chief Executive Officer, effective May 1, 2014;
- A vision to be a leader in technologies important in a connected world;
- A strategy to realize that vision by building on Nokia's three strong businesses in networks, location and technologies;
- Plans for a EUR 5 billion program to optimize its capital structure, including the Nokia Board's proposal to the Annual... More
