Nokia tops STOXX on positive read-across from Ciena growth outlook

Nokia Oyj

17/09/2026 11:04

** Shares in Finnish telecom equipment maker Nokia NOKIA.HE rise about 6.5%, with analysts pointing to optical networks peer Ciena's CIEN.N growth ambitions published late on Wednesday
** Ciena targets 2026-2029 sales CAGR of about 30%, which signals strong growth prospects for optical products, ABG Sundal Collier analyst Simon Granath says
** This is clearly positive also for Nokia as the market demand seems huge and will continue for several years, OP Pohjola analyst Kimmo Stenvall says
** Nokia's shares, up about 68.6% YTD, sit on top of the pan-European STOXX 600 index .STOXX

(Reporting by Alexander Klyve Gudbrandsen)
((alexanderklyve.gudbrandsen@thomsonreuters.com))