Investment And GrowthNokia announced a €100mn investment into IP Network, leading to an expected €1bn incremental sales by 2028, improving their position in datacenter markets.
Market PerformanceImproving market trends supported 4Q results seeing sales of €2.03bn, +9% YoY, with gross margins at 47.2% beating consensus.
ValuationThe stock is currently trading at a multiple of 12.8x, thus below the long-term average, with scope to see strong earnings momentum.