Nokia Expands Network as Code Initiative with Google Cloud
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Source: Benzinga
- Partnership Expansion: Nokia is broadening its Network as Code initiative by adding telecom operators like Deutsche Telekom and Tata Communications, while strengthening its collaboration with Google Cloud, aiming to build a global ecosystem around programmable network capabilities to enhance market competitiveness.
- Monetization Potential: The initiative transforms complex telecom infrastructure into standardized, secure APIs that support enterprise and IoT applications, expected to generate significant business value in areas such as digital identity verification and fraud mitigation.
- Innovative Technology Applications: Early deployments include number verification technology to replace traditional one-time passwords and anti-fraud tools targeting mobile banking risks, which not only enhance service quality but also provide businesses with on-demand connectivity capabilities, improving customer experience.
- Stock Performance Analysis: Over the past 12 months, Nokia's stock price has increased by 64.87%, currently trading above both the 20-day and 200-day moving averages, indicating strong bullish momentum, although the RSI at 72.47 suggests potential near-term pullback risks.
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Analyst Views on NOK
Wall Street analysts forecast NOK stock price to fall
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 12.910
Low
6.50
Averages
7.36
High
8.50
Current: 12.910
Low
6.50
Averages
7.36
High
8.50
About NOK
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments. The IP Networks and Applications segment comprises IP/Optical Networks and Applications & Analytics operating segments. The Applications & Analytics operating segment offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, Internet of things (IoT), security, and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. The Company has Comptel Oyj among its subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Lumentum Growth: Lumentum's total revenue nearly doubled to $808.4 million, with components and systems segments growing 77% and 121% respectively, but it faces intense competition from Coherent, reflected in its high forward price-to-earnings ratio of 50.
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- Optical Networking Outlook: Nokia is set to launch a second indium phosphide semiconductor fabrication facility in San Jose, California, which is crucial for high-speed optical transceivers that meet the data transfer demands of AI data centers, showcasing its vertical integration advantage in a supply-constrained market.
- Earnings Report Significance: Scheduled for July 23, 2026, Nokia's Q2 earnings report will provide the first insights into actual order flows from the Nvidia partnership and the ramp-up of the San Jose facility; if it delivers on optical growth and guidance related to AI-RAN commercialization, the stock could reprice quickly.
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See More
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- Optical Networking Growth: Nokia is set to bring online a second indium phosphide semiconductor fabrication facility in San Jose, California, which powers high-speed optical transceivers essential for AI data centers, enhancing Nokia's vertical integration advantage in a supply-constrained market.
- Earnings Report Expectations: Scheduled for July 23, 2026, Nokia's Q2 earnings report will provide investors with the first insights into actual order volumes stemming from the Nvidia partnership and the ramp-up of the San Jose facility, potentially leading to a revaluation of Nokia's stock.
- Execution Risks and Market Outlook: While Nokia faces execution risks from its 2024 acquisition of Infinera and potential delays in 6G timelines, Nvidia's substantial investment and a robust product pipeline position Nokia favorably in the AI infrastructure build-out, highlighting significant future growth potential.
See More
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