The main problem NOK has is credibility, its CEO did not properly communicate how bad the cycle would be, so it has been some three years of terrible losses for the stock price and every quarter Suri would drivel more bad news, that frankly is not the way to manage expectations.  Now the market just wants to see more than he is delivering, plain and simple.

It will take  real and tangible turnaround in the second half 2018 or first half of 2019 for the market to give NOK any credit.