Telefonaktiebolaget LM Ericsson (publ) (ERIC)

NASDAQ: ERIC · Real-Time Price · USD
8.23
-0.04 (-0.48%)
At close: Dec 12, 2024, 4:00 PM
8.16
-0.07 (-0.85%)
After-hours: Dec 12, 2024, 6:11 PM EST
-0.48%
Market Cap 27.61B
Revenue (ttm) 24.34B
Net Income (ttm) -134.58M
Shares Out 3.33B
EPS (ttm) -0.04
PE Ratio n/a
Forward PE 16.15
Dividend $0.26 (3.18%)
Ex-Dividend Date Oct 2, 2024
Volume 14,839,646
Open 8.26
Previous Close 8.27
Day's Range 8.22 - 8.35
52-Week Range 4.77 - 8.62
Beta 0.32
Analysts Hold
Price Target 6.70 (-18.59%)
Earnings Date Jan 21, 2025

About ERIC

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other. The Networks segment offers radio access network (RAN) solutions for various network spectrum bands, including purpose-built and open RAN-prepared hardware and so... [Read more]

Sector Technology
Founded 1876
Employees 99,952
Stock Exchange NASDAQ
Ticker Symbol ERIC
Full Company Profile

Financial Performance

Financial numbers in SEK Financial Statements

Analyst Forecast

According to one analyst, the rating for ERIC stock is "Hold" and the 12-month stock price forecast is $6.7.

Price Target
$6.7
(-18.59% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Ericsson Mobility Report: early movers pursue performance-based business models

Global mobile network data traffic projected to grow almost 200 percent between 2024 and the end of 2030 6.3 billion global 5G subscriptions forecast by the end of 2030 - of which 60 percent are expec...

16 days ago - PRNewsWire

Vonage Survey Reveals Increased Acceptance of AI in Customer Support, with Nearly Two Thirds of Consumers Admitting More Efficient Interactions

U.S.-based Research by Vonage explores consumer sentiment around AI for customer support, highlighting perceived benefits and lingering concerns HOLMDEL, N.J. , Nov. 21, 2024 /PRNewswire/ -- Improved ...

21 days ago - PRNewsWire

FPT and Ericsson Join Forces to Propel 5G-Driven AI, Data, and Digital Transformation

HO CHI MINH CITY, Vietnam--(BUSINESS WIRE)--Global technology corporation FPT and Global ICT leader Ericsson have entered a partnership to accelerate 5G adoption and drive advancements in artificial i...

27 days ago - Business Wire

Ericsson targets high-performing programmable networks with new 5G Advanced software

High-performing programmable networks empower communications service providers (CSPs) to steer network behavior, aligning it with diverse business goals for optimal outcomes Seven new 5G Advanced soft...

6 weeks ago - PRNewsWire

Ericsson announces change to the Executive Team

STOCKHOLM , Oct. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces that MajBritt Arfert, the Company's Chief People Officer, will step down at the end of May, 2025.  Mrs. Arfert has bee...

6 weeks ago - PRNewsWire

Ericsson and MasOrange partner on European-first open programmable network integration

STOCKHOLM , Oct. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and MasOrange, Spain's largest communications service provider (CSP) by customer base, are embarking on a major five-year Open RAN-rea...

6 weeks ago - PRNewsWire

Ericsson signs 5G ORAN deal with Spain's MasOrange

Ericsson has signed a 5G deal with Spain's largest telecoms operator, MasOrange, to upgrade its network using ORAN technologies, the Swedish company said on Tuesday, its first such deal in Europe afte...

6 weeks ago - Reuters

Vonage Launches Intelligent Workspace to Deliver a Next-Gen Contact Center Experience

HOLMDEL, N.J. , Oct. 17, 2024 /PRNewswire/ --  Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has la...

2 months ago - PRNewsWire

Vonage Launches Intelligent Workspace to Deliver a Next-Gen Contact Centre Experience

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has launched Vonage Co...

2 months ago - Business Wire

Nokia joins Ericsson in seeing signs of recovery after mixed results

Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit on cost cuts, and echoed rival Ericsson in seeing demand recovery in some areas.

Other symbols: NOK
2 months ago - Reuters

Vonage Appoints Veteran Tech Executive Anthony Bartolo as Chief Operating Officer

Cloud communications leader with 30 years of experience driving operational excellence and scaling global businesses HOLMDEL, N.J. , Oct. 16, 2024 /PRNewswire/ -- Vonage , a global leader in cloud com...

2 months ago - PRNewsWire

Airtel Business and Vonage partner to launch cutting-edge business communications application

New communications application includes multi-channel capabilities, real-time monitoring and data loss prevention to help enterprises in India enhance their stakeholder communications GURUGRAM, India ...

2 months ago - PRNewsWire

Q3 2024 Earnings: Hold Ericsson

Telefonaktiebolaget LM Ericsson's stock surged post-earnings despite a year-on-year revenue decline, driven by strong expansion in Networks and improved EBIT and EBITDA figures. CEO Börje Ekholm highl...

2 months ago - Seeking Alpha

Ericsson Stock Soars as North American Sales Drive Strong Earnings

Ericsson's (ERIC) U.S.-listed shares surged Tuesday after the communications technology provider reported better-than-expected results on strong sales in North America.

2 months ago - Investopedia

Ericsson Stock Surges. How AT&T Is Helping the Telecoms Equipment Supplier.

Ericsson said its networks unit's North America sales rose 80% in the third quarter.

Other symbols: T
2 months ago - Barrons

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q3 2024 Earnings Conference Call Transcript

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Q3 2024 Earnings Conference Call October 15, 2024 3:00 AM ET Company Participants Daniel Morris - Head of IR Borje Ekholm - President and CEO Lars...

2 months ago - Seeking Alpha

Ericsson Expects Market to Stabilize as Key North America Sales Rise

The Swedish telecommunications-equipment company said its key networks unit saw an 80% surge in North America sales in the third quarter after winning contracts and as some large customers made select...

2 months ago - WSJ

Ericsson shares jump 7% on third-quarter beat, growth in North America sales

Ericsson on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), surpassing the 5.75 billion crown mean forecast of analysts cited b...

2 months ago - CNBC

Ericsson stock jumps as AT&T fuels earnings beat

Ericsson shares rallied on Tuesday as the Swedish telecom equipment maker said the market is stabilizing as North America returns to growth.

Other symbols: T
2 months ago - Market Watch

Ericsson starting to see a gradual recovery, CEO says

Ericsson CEO Börje Ekholm says the Swedish firm has taken a lot of actions to adjust how it operates as the market remains challenging.

2 months ago - CNBC International TV

Ericsson reports third quarter results 2024

STOCKHOLM , Oct. 15, 2024 /PRNewswire/ -- Strategic highlights – solid progress on both strategic and operational priorities  Increased momentum in programmable networks, mobile network contract wins ...

2 months ago - PRNewsWire

Ericsson sees signs of stabilising market as it beats forecasts

Sweden's Ericsson on Tuesday said the telecom equipment market is showing signs of improvement after reporting core earnings and sales above expectations, helped by a rebound in demand for 5G gear in ...

2 months ago - Reuters

Exclusive: Ericsson gets new 5G contract from India's Bharti Airtel - sources

Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel , according to two sources familiar with the matter.

2 months ago - Reuters

Ericsson: Looking At The Upside For 2024-2026E After Excellent Returns

Ericsson's valuation has dropped to attractive levels, making it a "Buy" with a price target of 115 SEK or $9.50 per share. Despite recent volatility and restructuring charges, Ericsson's strong cash ...

2 months ago - Seeking Alpha

Ericsson CEO Börje Ekholm on AI

Ericsson CEO Börje Ekholm joins Worldwide Exchange to explain why he is calling on the European Union to revamp its approach to AI regulation.

2 months ago - CNBC Television