Q4 beat, softer guide cuts NOK (Nokia Oyj NYSE) 29 Jan 2026: Modest upside likely

Nokia reported a Q4 beat but issued softer 2026 guidance, and NOK stock closed at $6.82 on 29 Jan 2026 in the United States (NYSE). The market moved on the guidance, not the beat: revenue and EPS topped estimates but management warned growth will moderate. Volume surged to 64,275,523 shares, well above the 33,101,437 average, underscoring investor focus on forward guidance and the company’s AI and cloud strategy.