• Nokia Oyj is expanding further into defense technology, supplying secure 4G/5G communications for military users.

• The company is working with the Finnish Border Guard on anti drone solutions aimed at protecting critical infrastructure.

• Nokia has also joined partnerships such as its collaboration with KNDS to develop next generation tactical battlefield connectivity.

Nokia Oyj, traded as HLSE:NOKIA, is drawing fresh attention as it pushes deeper into defense and homeland security projects alongside its telecom activities. The stock trades at €10.785, with a return of 95.2% year to date and 151.7% over the past year, despite declines of 11.5% over the past week and 25.4% over the past month. Over longer horizons, HLSE:NOKIA has gained 210.3% over three years and 166.0% over five years.

For investors, Nokia’s work on secure battlefield connectivity, anti drone capabilities and military grade networks may be viewed as a shift toward more diversified revenue streams tied to defense and critical infrastructure. These projects may influence how the market thinks about the balance between Nokia’s traditional carrier business and newer security focused offerings, particularly in environments where governments seek secure, real time communications in complex threat conditions.

Stay updated on the most important news stories for Nokia Oyj by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Nokia Oyj.

2 things going right for Nokia Oyj that this headline doesn’t cover.

Quick Assessment

• ⚖️ Price vs Analyst Target: Nokia Oyj trades at €10.785, which is roughly 2% above the €10.59 analyst consensus target, so it sits close to the middle of the target range.

• ✅ Simply Wall St Valuation: Simply Wall St currently sees the stock trading about 13% below its estimated fair value, indicating a discount to that model.

• ❌ Recent Momentum: The share price is down 25.4% over the past 30 days, so recent momentum has been weak despite the defense news.

There’s only one way to know the right time to buy, sell or hold Nokia Oyj. Head to Simply Wall St’s company report for the latest analysis of Nokia Oyj’s Fair Value.

Key Considerations

• 📊 Nokia’s push into secure military communications and anti drone systems ties the investment case more closely to long cycle defense and critical infrastructure spending.

• 📊 Watch how defense related orders, margins versus the 3.9% group margin, and the current P/E of 78.2 relative to the 27.7 industry average evolve as these projects progress.

• ⚠️ The share price has been highly volatile over the past three months and margins are lower than last year, so position sizing and time horizon matter if you are considering this story.