Nokia's Data Center Switch Business Gaining Traction -- Market Talk

Dow Jones05-15 14:53

0653 GMT - Nokia's guidance upgrade shows its data center switch business is gaining traction, Deutsche Bank analyst Robert Sanders writes. Nokia lifted its growth outlook in the Optical and IP unit to 18%-20% in 2026, from 10%-12%, mainly due to data-center switching. The upgrade is equivalent to an incremental 400 million euros of sales and compares to a total of 200 million euros of data center switching revenue last year. Nokia has become a real contender up against the likes of Arista and Cisco in a fast-growing portion of data center switching, Sanders adds. Switches manage the flow of data between servers, storage and cloud systems. The bank lifts its target price on the stock to 13.50 euros from 8.50 euros and keeps buy rating. Shares closed at 11.92 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

May 15, 2026 02:53 ET (06:53 GMT)

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Nokia lifted its growth outlook in the Optical and IP unit to 18%-20% in 2026, from 10%-12%, mainly due to data-center switching. The upgrade is equivalent to an incremental 400 million euros of sales and compares to a total of 200 million euros of data center switching revenue last year. Nokia has become a real contender up against the likes of <a href=\"https://laohu8.com/S/ANET\">Arista</a> and Cisco in a fast-growing portion of data center switching, Sanders adds. Switches manage the flow of data between servers, storage and cloud systems. The bank lifts its target price on the stock to 13.50 euros from 8.50 euros and keeps buy rating. Shares closed at 11.92 euros. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2026 02:53 ET (06:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1093756168.USD","symbol_name":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635703025","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635703025","pubTimestamp":1778827980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0653 GMT - Nokia's guidance upgrade shows its data center switch business is gaining traction, Deutsche Bank analyst Robert Sanders writes. 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Nokia lifted its growth outlook in the Optical and IP unit to 18%-20% in 2026, from 10%-12%, mainly due to data-center switching. The upgrade is equivalent to an incremental 400 million euros of sales and compares to a total of 200 million euros of data center switching revenue last year. Nokia has become a real contender up against the likes of Arista and Cisco in a fast-growing portion of data center switching, Sanders adds. Switches manage the flow of data between servers, storage and cloud systems. The bank lifts its target price on the stock to 13.50 euros from 8.50 euros and keeps buy rating. Shares closed at 11.92 euros. 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