Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Nokia ( (GB:0HAF) ) just unveiled an announcement.
Nokia has announced its share buyback program, acquiring 872,093 of its own shares at an average price of 4.29 euros per share on December 30, 2024. This effort is part of a broader initiative to offset the dilution effects of shares issued to Infinera Corporation’s shareholders and certain stock-based incentives. The program, which commenced on November 25, 2024, and is set to conclude by December 31, 2025, aims to acquire a total of 150 million shares with a maximum expenditure of 900 million euros. This strategic move underscores Nokia’s commitment to managing shareholder value and maintaining its market position.
More about Nokia
Nokia is a leader in the B2B technology and innovation sector, pioneering future-oriented network solutions that integrate seamlessly into various ecosystems. The company is renowned for its expertise in fixed, mobile, and cloud network services, as well as its strong intellectual property portfolio driven by Nokia Bell Labs’ research and development efforts. Nokia’s solutions are trusted globally for their performance, responsibility, and security standards, and the company collaborates with partners to develop future digital services and applications.
YTD Price Performance: 44.92%
Average Trading Volume: 2,551,140
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.38B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
