Hedge funds who had stayed put in their shorts in the Finnish smartphone company, moved a little in their positions after Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) released 1Q 2013 earnings on Thursday, 18 April. After closing at $3.59 on NYSE on Tuesday, the shares fell as much as 13 percent on the earnings day. Nokia has gained ground on Windows Phones but the company showed decreased sales of feature phones, which apparently did not...
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Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) disappointed investors with its first quarter earnings report early this morning, and shares fell as much as 12 percent at the New York Stock Exchange in pre-market trading. The report shows that while Windows 8 phones are gaining momentum, the company’s drop in feature phones was larger than its increase in Windows 8 phones. The struggling Finnish handset maker reported a decline of 20 percent in net sales...
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Hedge funds have placed some of their largest bets against Nokia Corporation (NYSE:NOK) (HEL:NOK1V) as we have noted several times. However, in the past few weeks some of those negative bets were either fully or partially covered. Steve Cohen’s S.A.C Capital reduced short interest in Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) to below 0.5 percent. Other shortsellers like Brookside Capital and Fore Research Management also reduced their short exposures around mid of March. Tiger cub, Coatue Management...
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Nokia Corporation (ADR) (NYSE:NOK) could disappoint in its Q1 earnings report, according to a recent report issued by the renowned research firm Morgan Stanley. Nokia Corporation (NYSE:NOK) will report its Q1, 2013 on Apr 18, 2013. Nokia Corporation (NYSE:NOK)’s market capitalization unfolds that the company is worth more than the value shareholders are placing on it. However, it has been struggling to regain market share, especially through its Windows phones. Nokia Corporation (NYSE:NOK) has surprised in Q4 four times...
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Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) was counting on its Windows phones to turn things around, but unfortunately, that may not be happening, at least in European markets. The company has certainly been less than forthcoming about precise numbers when it comes to sales of its Lumia handsets, but analysts at Bank of America Merrill Lynch have done some research on the subject. The bank ssued a report to investors today saying that Windows...
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Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) has used its conversion rights to turn its €750 million convertible bonds, which are due in 2017, into shares of its stock. The Finnish handset maker issued those bonds in October, saying it intended to use the net proceeds of the bond offering to manage its capital structure and manage debt maturities that are coming up next year. A press release from the company indicates that the conversion...
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Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)’s chief executive, Stephen Elop, reiterated the company’s desire to continue using Windows phone as its preferred smartphone platform, quashing speculations that the Finnish giant was rethinking its strategy. Nokia adopted the use of Windows phone at the expense of its own Symbian O.S two years ago, a decision that has seen the company lose a huge chunk of the market share to Android and iOS devices. Google Inc (NASDAQ:GOOG)’s...
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In an effort to save cash as sales continues to decline, Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is expected to get rid of its annual dividend. This will be a first for the company in more than two decades, according to a recent Reuters poll of 14 analysts. 11 of them believe Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) will not pay any dividend for 2012; this compares to the previous year’s 20 euro cents payment. The company has paid an...
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Nokia Corporation (ADR) (NYSE:NOK)’s smartphones are still the top choice for Finnish employers who want to supply their employees with mobile phones according to Yle. However the site does indicate that the company’s lead in its home country is shrinking as companies allow their employees to choose phones made by other companies. We are still waiting specifically for clearer numbers on sales of the Nokia Lumia handsets after the company released its pre-earnings report...
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Nokia Corporation (ADR) (NYSE:NOK) (HEL:NOK1V) has received a rare stock price boost, after Wunderlich Securities based in Memphis Tennessee raised their price target from EUR 2.50 to EUR 3.20 per share. The Finnish-based mobile phone maker’s stock price declined for the majority of last year, but has started showing signs of recovery. Nokia is gunning on the progress of windows phone mobile platform to catapult its stagnating market share, as the push for a third...
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As the new year begins, speculations have begun to swirl the market that 2013 is going to be a critical year for the Finnish mobile maker, Nokia Corporation (ADR) (NYSE:NOK). Finally turning a corner with its Lumia 920 selling at a reasonable pace, it appears that the struggling mobile phone maker has only first half of 2013 to figure things out. 2013 will most probably be the last year for Nokia Corporation (ADR) (NYSE:NOK) in...
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