Telefonaktiebolaget LM Ericsson (publ) (ERIC)

NASDAQ: ERIC · IEX Real-Time Price · USD
5.55
+0.04 (0.73%)
Mar 28, 2024, 10:43 AM EDT - Market open
0.73%
Market Cap 18.27B
Revenue (ttm) 26.13B
Net Income (ttm) -2.62B
Shares Out 3.31B
EPS (ttm) -0.75
PE Ratio n/a
Forward PE 11.51
Dividend $0.25 (4.53%)
Ex-Dividend Date Apr 4, 2024
Volume 4,236,497
Open 5.45
Previous Close 5.51
Day's Range 5.45 - 5.55
52-Week Range 4.33 - 6.36
Beta 0.37
Analysts Buy
Price Target 7.00 (+26.13%)
Earnings Date Apr 16, 2024

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 2 analysts, the average rating for ERIC stock is "Buy." The 12-month stock price forecast is $7.0, which is an increase of 26.13% from the latest price.

Price Target
$7.0
(26.13% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Independent Monitor certifies Ericsson's Compliance Program

STOCKHOLM , March 28, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that on March 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June...

3 hours ago - PRNewsWire

Advanced Gen AI Capabilities to Boost Vonage Conversational Commerce Offering

LONDON--(BUSINESS WIRE)--Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has announced the launch of g...

1 day ago - Business Wire

Vonage Protection Suite Wins a Best of Enterprise Connect Award

Recognized in Best Innovation for Systems Management category HOLMDEL, N.J. , March 26, 2024 /PRNewswire/ --  Vonage , a global leader in cloud communications helping businesses accelerate their digit...

1 day ago - PRNewsWire

Vonage to Launch Enhanced Noise Cancellation

LONDON--(BUSINESS WIRE)--Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has announced the addition of...

2 days ago - Business Wire

Ericsson will cut 1,200 jobs in Sweden

Ericsson announced on Monday that it will lay off around 1,200 employees in Sweden as the telecom company faces slowed demand for its 5G equipment.

2 days ago - CNBC

Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes

The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.

3 days ago - WSJ

Ericsson to lay off 1,200 employees in Sweden amid mobile markets' slump

Ericsson on Monday said it expects to cut around 1,200 staff in Sweden, in a bid to lower its costs ahead of a predicted slowdown in the mobile networks market this year.

3 days ago - Market Watch

Ericsson to lay off 1,200 people in Sweden amid challenging market

Sweden's Ericsson on Monday said it would lay off about 1,200 employees in Sweden as a part of costs cuts announced earlier this year, citing a challenging mobile networks market and lower volumes in ...

3 days ago - Reuters

Ericsson appoints Andres Vicente Head of Market Area South East Asia, Oceania & India

Effective as of May 1, 2024 Becomes member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM , March 20, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Andr...

8 days ago - PRNewsWire

Ericsson deepens U.S. engagement by establishing Ericsson Federal Technologies Group

New entity named Ericsson Federal Technologies Group (EFTG) dedicated to accelerating digital modernization across multiple U.S. Government, state and federal agencies            Ericsson meets U.S. G...

9 days ago - PRNewsWire

Vonage Named Platinum Winner for Best CCaaS Solution at Telco Innovation Awards 2024

Vonage Contact Center recognized by Juniper Research for standout features including powerful CRM integrations and its ability to augment AI capabilities HOLMDEL, N.J. , March 13, 2024 /PRNewswire/ --...

15 days ago - PRNewsWire

Ericsson Annual Report on Form 20-F filed with the SEC

STOCKHOLM , March 12, 2024 /PRNewswire/ -- On March 12, 2024, Ericsson (NASDAQ:ERIC) filed its Annual Report on Form 20-F for the year ended December 31, 2023, with the U.S. Securities and Exchange Co...

15 days ago - PRNewsWire

CRN® Names Vonage's Jim Regan to 2024 Channel Chiefs List

HOLMDEL, N.J. , March 6, 2024 /PRNewswire/ --  Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), today ...

22 days ago - PRNewsWire

Ericsson Annual Report 2023 published

The Annual Report 2023 available for download and printed version available for order The Annual Report 2023 publication consists of Ericsson's Financial report 2023, the Corporate Governance report 2...

22 days ago - PRNewsWire

Ericsson announces Appointment of Becky Rohr as Chief Compliance Officer, bringing together Investigations and Compliance

Becky Rohr, currently Head of Corporate & Government Investigations, will become the new Chief Compliance Officer Jan Sprafke will leave Ericsson to pursue other opportunities STOCKHOLM , March 5, 202...

22 days ago - PRNewsWire

Vonage and Telkomsel Collaborate to Drive Ecosystem Digital Innovation by Making Network APIs Available to Developers and Enterprises in Indonesia

Vonage will collaborate with Telkomsel to expand the power of network APIs for developers, enterprises, and Communications Service Providers (CSPs). This collaboration is formalized with the signing o...

22 days ago - PRNewsWire

Vonage Wins Best Virtual Agent Platform at CX Awards 2024

HOLMDEL, N.J. , March 4, 2024 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has bee...

24 days ago - PRNewsWire

Ericsson and CTIA Certification recognizes GE Vernova's MDS Orbit as industry's first device IoT Network Certified for Smart Connected Infrastructure™

Ericsson and CTIA Certification announced the certification of GE Vernova's MDS™ Orbit cellular devices, enhancing security and reliability in critical infrastructure The MDS Orbit's successful certif...

4 weeks ago - PRNewsWire

Notice of Ericsson's Annual General Meeting 2024

STOCKHOLM , Feb. 28, 2024 /PRNewswire/ -- The Annual General Meeting of shareholders of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) will be held on Wednesday, April 3, 2024 at 1 pm. The Nomination ...

4 weeks ago - PRNewsWire

Ericsson CEO: Network operators need cross-European consolidation

Borje Ekholm, CEO of Ericsson, speaks to CNBC's Karen Tso at Mobile World Congress in Barcelona, Spain.

4 weeks ago - CNBC International TV

AirHop Joins Ericsson Intelligent Automation Platform Ecosystem

SAN DIEGO--(BUSINESS WIRE)-- #5G--AirHop Communications, a provider of AI-powered automation and optimization solutions for 4G and 5G Radio Access Networks (RAN), today announced they have joined the ...

4 weeks ago - Business Wire

KDDI Web Communications Launches Vonage Communications APIs to Strengthen Customer Engagement in Japan

HOLMDEL, N.J. , Feb. 21, 2024 /PRNewswire/ -- KDDI Web Communications Inc. has announced its partnership with Vonage , a global leader in cloud communications helping businesses accelerate their digit...

5 weeks ago - PRNewsWire

Vonage and AT&T Collaborate to Drive Ecosystem for Innovation by providing New Network APIs to Developers

AT&T to make Vonage communications and network APIs available to help developers drive scalability and business case development together with enhanced security HOLMDEL, N.J. , Feb. 20, 2024 /PRNewswi...

Other symbols: T
5 weeks ago - PRNewsWire

Cradlepoint named Challenger and Outperformer in GigaOm Radar Report for SASE

Cradlepoint's SASE solution recognized for its comprehensive 5G-optimized security capabilities Cradlepoint's SASE solution recognized for its comprehensive 5G-optimized security capabilities

5 weeks ago - GlobeNewsWire

Ericsson to utilize mandate to transfer shares

STOCKHOLM , Feb. 16, 2024 /PRNewswire/ -- Ericsson's (NASDAQ:ERIC) annual general meeting on March 29, 2023 authorized the company's board of directors to resolve on the transfer of the company's own ...

5 weeks ago - PRNewsWire