Telefonaktiebolaget LM Ericsson (publ) (ERIC)
| Market Cap | 16.72B |
| Revenue (ttm) | 26.11B |
| Net Income (ttm) | 1.80B |
| Shares Out | 3.33B |
| EPS (ttm) | 0.54 |
| PE Ratio | n/a |
| Forward PE | 9.63 |
| Dividend | $0.25 (5.03%) |
| Ex-Dividend Date | Sep 28, 2023 |
| Volume | 16,053,719 |
| Open | 4.89 |
| Previous Close | 4.89 |
| Day's Range | 4.86 - 5.05 |
| 52-Week Range | 4.33 - 6.82 |
| Beta | 0.30 |
| Analysts | Hold |
| Price Target | 7.00 (+39.44%) |
| Earnings Date | Jan 19, 2024 |
About ERIC
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Cloud Software and Services, Enterprise, and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides active antenna and transport solutions; and a range of service portfolio covering network dep... [Read more]
Financial Performance
In 2022, ERIC's revenue was 271.55 billion, an increase of 16.89% compared to the previous year's 232.31 billion. Earnings were 18.72 billion, a decrease of -17.49%.
Financial numbers in SEK Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for ERIC stock is "Hold." The 12-month stock price forecast is $7.0, which is an increase of 39.44% from the latest price.
News
Changes to Ericsson's nomination committee
STOCKHOLM , Nov. 30, 2023 /PRNewswire/ -- Effective November 30, 2023, Bengt Kjell, AB Industrivärden, will replace Karl Åberg, AB Industrivärden, in Ericsson's (NASDAQ: ERIC) Nomination Committee. Th...
Ericsson Mobility Report: Resilient 5G uptake - global mobile data traffic set to triple in six years
Global 5G subscriptions forecast to top 5.3 billion by the end of 2029 Continued strong surge in global average data consumption per smartphone - predicted to increase from 21GB/month to 56G...
CRN® Names Alyse Brady of Vonage as a Channel Woman on the Rise
HOLMDEL, N.J. , Nov. 29, 2023 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has ann...
Ericsson issues first green bond
A green bond of EUR 500 million within the Green Financing Framework, with a maturity of 4.5 years Proceeds will be exclusively allocated to investments in energy efficiency The bond extends Ericsson'...
Down 16% This Year Amid A Weak Demand In The U.S., What Lies Ahead For Ericsson Stock?
Ericsson stock (NASDAQ: ERIC) has declined by about 16% year-to-date, underperforming the broader indices.
Marketing Platform SuperPhone® Helps Coaches, Creators, Brands & Retailers Increase Customer Engagement and Drive Revenue Powered by Vonage
HOLMDEL, N.J. , Nov. 9, 2023 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), announc...
Ericsson to co-lead O-RAN ALLIANCE Security Work Group
Ericsson's Scott Poretsky has been elected to co-chair the O-RAN ALLIANCE's Security Work Group The appointment marks Ericsson's third co-chair position in the O-RAN ALLIANCE Ericsson revs up its comm...
AVANT Names Vonage 'Top Vendor Program' at 2023 Special Forces Summit
HOLMDEL, N.J. , Oct. 26, 2023 /PRNewswire/ -- Von age , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has b...
Vonage Receives Inc.'s Second Annual Power Partner Award
Recognition highlights B2B partners that support startups across all business functions and empower growth HOLMDEL, N.J., Oct. 25, 2023 /PRNewswire/ -- Von age , a global leade...
Ericsson CEO: U.S. demand down almost 50%
Börje Ekholm, CEO of Ericsson, discusses third-quarter earnings and explains the company's strategy behind its acquisition of communications company, Vonage.
Ericsson Curtails Guidance Amid an Uncertain 2024. The Stock Tumbles and Nokia Falls Too.
Ericsson's decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.
Ericsson shares drop on profit warning as NetScout stock slides on outlook cut
Tempest Therapeutics TPST, +85.16%, whose stock has gained 2710% over the last five days, saw its stock rise by 8% in premarket trade.
Ericsson shares drop as telecom equipment maker withdraws 2024 guidance
Shares of Ericsson fell as much as 9% in Stockholm trade as the Swedish telecommunications equipment maker withdrew its margin guidance for next year.
Ericsson reports third quarter results 2023
STOCKHOLM, Sweden , Oct. 17, 2023 /PRNewswire/ -- Third quarter highlights – in line with guidance Group organic sales[1] declined by -10% YoY. Segment Networks organic sales[1] declined by -16% while...
Ericsson says telecoms uncertainty to persist into 2024, shares fall
Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in Nor...
Appalachian Wireless, an East Kentucky Network company, selects Ericsson 5G
Modernization allows Appalachian Wireless to deliver cutting-edge 5G services to rural eastern Kentucky Ericsson will upgrade cell sites with new radios and RAN equipment, with the majority of work co...
Public First Responder Agencies Continue to Adopt Innovative Cellular Connectivity Solutions Leveraging Cradlepoint's Grant Assistance Program
BOISE, Idaho, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Cradlepoint , part of Ericsson (Nasdaq: ERIC), announced today that public agencies across the United States continue to take advantage of the Cradlepoi...
Ericsson shares volatile after results, $2.9 billion charge
Ericsson shares were volatile on Thursday, defying indications for a sharp fall after the Swedish telecom gear maker overnight announced a $2.9-billion impairment related to its acquisition of cloud c...
Vonage Positioned as a Leader in the 2023 GartnerⓇ Magic Quadrant™ for Communications Platform as a Service
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 been recognized as ...
Ericsson unveils $3 billion charge and downbeat sales outlook, and stock takes a dive
The U.S.-listed shares ERIC, -1.96% ERIC.B, -0.71% of Ericsson accelerated to the downside in afternoon trading Wednesday, after the Sweden-based maker of telecommunications equipment said it would re...
Ericsson announces impairment charge of SEK 32 billion and provides update on Q3 earnings
Non-cash impairment of SEK 32 billion in the third quarter 2023, relating to the impairment of goodwill attributed to the Vonage acquisition. Vonage remains critical to the enterprise strategy and Eri...
Ericsson books $3 billion impairment, says third-quarter core profit fell 39%
Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acquisition last year of Vonage, and said core profits fell in the third quarter as demand tu...
Sandler Partners Names Vonage '2023 Top Collaboration/UCaaS' Provider
Vonage Channel Team Also Receives Two Channel Manager Awards HOLMDEL, N.J. , Oct. 11, 2023 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital ...
Japan-Based CO-OP KINKI Safeguards Union Members Against Fraud with the Vonage Verify API
Vonage solution enhances customer engagement and security with simple, seamless two-factor authentication SINGAPORE , Oct. 10, 2023 /PRNewswire/ -- CO-OP KINKI , a consumer's cooperative based in Japa...
Ericsson ConsumerLab report highlights differentiated 5G connectivity opportunity for CSPs
Twenty percent of 5G smartphone users willing to pay premium to CSPs for differentiated quality of service over 5G 5G consumers three times more likely to switch provider because of poor con...