Amidst major macroeconomic uncertainties, it can be challenging to identify the top-performing tech stocks that are poised for long-term growth. However, Nokia Oyj (NOK), a global leader in network infrastructure and telecom solutions, seems to be an attractive investment now. In this article, I will discuss the reasons why I am extremely bullish on this stock.
NOK repurchased 320,000 of its shares at an average price of €4.35 ($4.68) per share on March 21, 2023, at a total cost of €1,390,688 ($1,494,628). Following the transaction, NOK held 50,064,592 treasury shares. The repurchase is part of NOK’s share buyback program, which aims to return up to €600 million ($644.84 million) of cash to shareholders over two years.
