Nokia is trading 4.7% up at $8.25 on October 23, versus its $7.88 October 22 close, after a sharp post-earnings decline; no direct cause for the gain is established.
- Results beat estimates; focus was reduced 2026 free-cash-flow conversion guidance and increased working-capital and restructuring needs.
- Nokia attributed the change to supply investments, anticipated growth and accelerated restructuring.
- Rosenblatt maintained Buy, cut its target from $15 to $14 on lower peer valuations; coverage called the selloff overdone, possibly supporting the rebound.