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The latest update is out from Nokia ( (GB:0HAF) ).
Nokia Oyj has executed a share buyback, acquiring 1,256,122 of its own shares at an average price of 4.77 euros each. This move is part of a broader share buyback program initiated to offset the dilution effects of shares issued to Infinera Corporation’s shareholders. The program aims to repurchase up to 150 million shares by the end of 2025, with a maximum expenditure of 900 million euros. Following this acquisition, Nokia now holds 254,445,785 of its own shares, which could influence its stock market performance and shareholder value.
More about Nokia
Nokia is a leading B2B technology and innovation company specializing in networking solutions that integrate seamlessly with various ecosystems. Known for its fixed, mobile, and cloud service networks, Nokia has been a pioneer in network performance, sustainability, and security standards, with a rich history in intellectual property and R&D, spearheaded by Nokia Bell Labs.
YTD Price Performance: 11.89%
Average Trading Volume: 2,806,666
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €26.11B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
