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Why Atea stock moves

Atea fell, moving in line with the Oslo market.

Written after the close on ·

Why today

16,437 news analyzed today

Atea fell, moving in line with the Oslo market.

Over the last five trading days it fell slightly, less than the market.

Trading was well below its usual level, and no company news explains the session's drop.

Peer Technology stocks on Oslo Børs fell sharply this week, which suggests sector-wide selling.

Next, Atea reports its fourth-quarter results on Tuesday 9 February 2027.

Today's move of −1.31% was 1.2 times a normal day's 1.1%. Oslo Børs benchmark index moved −1.31% on the same day.

Atea −1.31%

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Atea.

Atea earned more than expected in 1 out of 8 reports.

Not in the chart because no estimate and result are available: 2 of the 10 reports in this period, the latest on March 19, 2026.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 5 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 2Hold 1Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 165.40 NOK

Price targets
Low 180Average 185High 195

The average target is 185.00 NOK, +12% relative to the latest price of 165.40 NOK. The range is 180.00 NOK–195.00 NOK. A target is the analyst’s estimate of a future share price. 3 analysts gave a target.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction0.92.03.14.25.32025-02-06: 2.51; Expected EPS: 4.756/2’25−6.5%2025-04-29: 1.44; Expected EPS: 1.5729/4’25+1.0%2025-07-16: 1.39; Expected EPS: 1.8416/7’25−6.5%2025-10-23: 2.00; Expected EPS: 2.1023/10’25+1.2%2026-02-10: 2.99; Expected EPS: 3.2110/2’26−1.6%2026-04-28: 2.32; Expected EPS: 2.1828/4’26+7.8%2026-07-15: 1.92; Expected EPS: 2.0815/7’26−4.8%2026-10-22: 2.46; Expected EPS: 2.4922/10’26+1.2%Next reported quarter: expected earnings per share of 3.46.→09/02

Expected EPSAbove estimateBelow estimateAs expectedNOK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of 3.46 NOK (February 9). For the current fiscal year, expected earnings per share changed from 10.46 NOK three months ago to 10.71 NOK now. 2026 estimate: 10.71 NOK. 2027 estimate: 11.49 NOK.

Has the share price followed the business?

Price and earnings moved in the same direction: 1 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +12% and earnings per share +14%.

Revenue, profit and market cap

Revenue, profit and market cap (bn NOK)01632482022: 32.402022: 0.8520222023: 34.702023: 0.8020232024: 34.582024: 0.7720242025: 37.382025: 0.882025Now2026: 41.4420262027: 43.5220272022: 12.61132023: 14.36142024: 15.81162025: 17.5818Now: 18.4518

RevenueProfitMarket capHatched bars: analysts’ estimates.bn NOK

Market cap is 0.5 times 2025 revenue, against 0.4 in 2022. Profit in 2025: 878 m NOK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn NOK)0816232022: 17.862022: 14.1320222023: 18.482023: 14.3520232024: 21.002024: 16.6520242025: 21.342025: 16.802025Now2022: 12.61132023: 14.36142024: 15.81162025: 17.5818Now: 18.4518

AssetsLiabilitiesMarket capbn NOK

Assets minus liabilities leave 4.5 bn NOK for shareholders. Market cap is 4.1 times that equity.

Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): 18.5 bn NOKRevenue 2025: 37.4 bn NOK

What the key figures say about Atea

The figures connect what Atea earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share10.77 NOK
NowEarnings per share2022: 7.55222023: 7.14232024: 6.80242025: 7.73252026: 10.71262027: 11.49272022: 114.002023: 129.202024: 141.402025: 157.80

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: 6.80 NOK–7.73 NOK. Peers: Tieto 1.95 EUR, Netcompany Group 14.49 DKK, Proact IT Group 9.25 SEK. 2026 estimate: 10.71 NOK (9.87 NOK–11.55 NOK). 2027 estimate: 11.49 NOK (10.58 NOK–12.50 NOK).

Revenue41.2 bn NOK
NowRevenue2022: 32,397,000,000.00222023: 34,704,000,000.00232024: 34,578,000,000.00242025: 37,376,000,000.00252026: 41,443,000,000.00262027: 43,518,000,000.00272022: 114.002023: 129.202024: 141.402025: 157.80

What the company sold during the year.

2022–2025: 32.4 bn NOK–37.4 bn NOK. Peers: Tieto 1.7 bn EUR, Netcompany Group 9.5 bn DKK, Proact IT Group 4.9 bn SEK. 2026 estimate: 41.4 bn NOK (41.2 bn NOK–41.7 bn NOK). 2027 estimate: 43.5 bn NOK (42.8 bn NOK–44.4 bn NOK).

Operating margin3.7%
NowOperating margin2022: 3.71222023: 3.62232024: 3.50242025: 3.64252022: 114.002023: 129.202024: 141.402025: 157.80

The percentage of revenue left after the costs of running the business.

2022–2025: 3.5%–3.7%. Peers: Tieto 18.3%, Netcompany Group 11.1%, Proact IT Group 7.2%.

Return on equity29.4%
NowReturn on equity2022: 22.75222023: 19.34232024: 17.63242025: 19.33252022: 114.002023: 129.202024: 141.402025: 157.80

Profit as a percentage of shareholders’ money in the company.

2022–2025: 17.6%–22.7%. Peers: Tieto 21.4%, Netcompany Group 18.9%, Proact IT Group 20.8%.

P/E15.4
NowP/E2022: 15.10222023: 18.10232024: 20.79242025: 20.41252026: 15.44262027: 14.3927

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2022–2025: 15.1–20.8. Peers: Tieto 9.5, Netcompany Group 24.3, Proact IT Group 14.9. 2026 estimate: 15.4. 2027 estimate: 14.4.

Market cap per unit of revenue (P/S)0.45
NowMarket cap per unit of revenue (P/S)2022: 0.39222023: 0.41232024: 0.46242025: 0.47252026: 0.45262027: 0.4227

What investors pay for each unit the company sells.

2022–2025: 0.39–0.47. Peers: Tieto 1.16, Netcompany Group 1.63, Proact IT Group 0.71. 2026 estimate: 0.45. 2027 estimate: 0.42.

Dividend per share7.25 NOK
NowDividend per share2017: 6.50172018: 6.50182019: 6.50192020: 5.00202021: 5.00212022: 5.50222023: 6.25232024: 7.00242025: 7.0025

Money paid to shareholders per share, summed by calendar year.

2017–2025: 5.00 NOK–7.00 NOK.

Dividend yield4.5%
NowDividend yield2022: 4.82222023: 4.84232024: 4.95242025: 4.4425

The ordinary yearly dividend as a percentage of the share price.

2022–2025: 4.4%–5.0%. Peers: Tieto 4.8%, Netcompany Group 0.0%, Proact IT Group 1.9%.

Net debt / EBITDA1.65
NowNet debt / EBITDA2022: 0.59222023: 0.27232024: 0.10242025: 0.2825

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: 0.10–0.59. Peers: Tieto 1.40, Proact IT Group 0.25.

More key figures
Market cap / equity (P/B)4.46
NowMarket cap / equity (P/B)2022: 3.38222023: 3.47232024: 3.63242025: 3.8725

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 3.38–3.87. Peers: Tieto 1.88, Netcompany Group 4.49, Proact IT Group 2.93.

EV / EBIT13.8
2025EV / EBIT2022: 11.19222023: 11.99232024: 13.40242025: 13.7525

Market cap plus net debt, divided by operating earnings. This includes debt.

2022–2025: 11.2–13.8.

Free cash flow per share4.48 NOK
NowFree cash flow per share2022: 5.72222023: 14.00232024: 14.32242025: 6.93252022: 114.002023: 129.202024: 141.402025: 157.80

Cash left after investments, divided by the number of shares.

2022–2025: 5.72 NOK–14.32 NOK. Peers: Tieto 1.41 EUR, Netcompany Group -2.65 DKK, Proact IT Group 23.35 SEK.

Equity ratio21.3%
2025Equity ratio2022: 20.88222023: 22.38232024: 20.72242025: 21.2825

The percentage of assets financed by shareholders’ equity.

2022–2025: 20.7%–22.4%.

The dividend explained

A dividend is money paid to shareholders. Atea paid 7.25 NOK per share in the twelve months through November 6, 2026.

On the ex-dividend day, May 20, 2026, Atea traded without the right to the 3.75 NOK dividend. The price went from 162.20 NOK to 158.00 NOK; including the dividend, the day's change was −0.3%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2017: 6.50 NOK2018: 6.50 NOK2019: 6.50 NOK2020: 5.00 NOK2021: 5.00 NOK2022: 5.50 NOK2023: 6.25 NOK2024: 7.00 NOK2025: 7.00 NOK2026 so far: 3.75 NOK

What to watch next, and why

From the ex-day, Atea trades without entitlement to the next dividend.

  • The dividend explained

    From the ex-day, Atea trades without entitlement to the next dividend.

  • Earnings report

    The earnings report shows how Atea's revenue and profit have changed.

    Add to calendar

Earnings report

Next report: · Add to calendar · Google Calendar

Report day3.2%

Normal day1.1%

On its last 15 report days Atea usually moved about 3.2%. On a normal day it moves 1.1%.

+1.23% −4.85% +7.82% +0.00%

10,000 NOK in Atea bought on November 7, 2016 is worth 35,200 NOK today, with dividends reinvested.

The same amount in OSEBX with dividends would have become 32,400 NOK.

What would 10,000 NOK in Atea be worth today? →

What would 10,000 NOK in Atea be worth today?

35,200 NOK

with dividends reinvested, bought on November 7, 2016. The same amount in OSEBX with dividends would have become 32,400 NOK.

The five biggest days of the journey

· −13.6% · the whole market fell 3.1% the same day

· +13.2% · the whole market fell 0.8% the same day

· +9.5% · the whole market rose 0.3% the same day

· −8.7% · the whole market rose 0.9% the same day

· −8.2% · the whole market fell 1.1% the same day · report day

Earlier days

  • +2.94% Atea rose clearly over the week, moving in line with the broader market. Read →

    Atea rose clearly over the week, moving in line with the broader market.

    The main driver was the strong third-quarter report on 22 October, with hardware and data center demand lifting sales and profit, and management expecting that strength to continue into 2027.

    Danske Bank raised its price target, the share price it sees as fair, on Friday 30 October while keeping a hold rating.

    Trading was thin, so the move happened on fewer shares than usual.

  • −2.06% Atea fell sharply, against a slightly rising market. Read →

    Atea fell sharply, against a slightly rising market.

    No company news from the last session explains the move.

    Over the past five trading days Atea rose clearly, much more than the Oslo Børs index.

  • +2.46% Atea rose sharply. Read →

    Atea rose sharply.

    No company news from that session explains the move, so it is not clear what drove it.

    Over the last five trading days, Atea rose very sharply, well ahead of a slightly higher market.

    Its latest report, published last week, showed strong sales and profit growth driven by data center demand, which likely supports the stock.

  • +4.04% Atea rose, beating a clearly rising market. Read →

    Atea rose, beating a clearly rising market.

    The most likely reason is that no fresh company news explains it, so the move is likely mostly market-driven or sentiment-driven.

    The stock is still well above its low for the year but below its mid-August high.

    Atea has a quarterly report scheduled for 9 February 2027.

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