Nokia Corporation's Strategic Share Buyback Program and Financial Performance

• Nokia Corporation (NYSE:NOK) announced a share buyback program to mitigate the dilutive effects of new shares, planning to repurchase 150 million shares for a maximum of €900 million.
• The company reported earnings per share of $0.19 and actual revenue of approximately $6.23 billion, surpassing estimates and highlighting its strong financial health.
• Despite a positive earnings report, Nokia's stock price has experienced some volatility, currently standing at $4.65, with a year's fluctuation between $4.95 and $3.29.

Nokia Corporation, listed on the NYSE:NOK, is a global leader in telecommunications and consumer electronics. The company is known for its network infrastructure, technology services, and licensing. Nokia competes with other major players like Ericsson and Huawei in the telecommunications industry. Recently, Nokia announced a share buyback program to manage the dilutive effects of new shares issued.

The buyback program, initiated by Nokia's Board of Directors, aims to repurchase 150 million shares with a maximum aggregate purchase price of €900 million. This move is designed to counteract the dilution from shares issued to Infinera Corporation shareholders and share-based incentives. As of January 29, 2025, Nokia executed transactions worth €3.78 million, holding 234.29 million treasury shares.

Nokia's financial performance has been strong, as highlighted by its recent earnings report on January 30, 2025. The company reported earnings per share of $0.19, surpassing the estimated $0.14. Additionally, Nokia's actual revenue of approximately $6.23 billion exceeded the estimated $4.40 billion, showcasing its robust financial health.

Despite the positive earnings report, Nokia's stock price is currently $4.65, reflecting a decrease of 1.17% or $0.055. The stock has fluctuated between a low of $4.61 and a high of $4.71 during the trading day. Over the past year, Nokia's stock has reached a high of $4.95 and a low of $3.29, indicating some volatility in its market performance.

Nokia's market capitalization stands at approximately $25.29 billion, with a trading volume of 15.76 million shares today. The share buyback program, conducted in compliance with EU regulations, is managed by BofA Securities Europe SA on behalf of Nokia. This strategic move aims to enhance shareholder value and stabilize the company's stock performance.