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Ericsson (ERIC)

NASDAQ: ERIC · IEX Real-Time Price · USD
10.29 -0.15 (-1.44%)
Dec 8, 2021 4:00 PM EST - Market closed
Market Cap34.27B
Revenue (ttm)28.34B
Net Income (ttm)2.13B
Shares Out3.33B
EPS (ttm)-0.72
PE Ration/a
Forward PE12.63
Dividend$0.20 (1.91%)
Ex-Dividend DateSep 30, 2021
Volume8,601,564
Open10.39
Previous Close10.44
Day's Range10.21 - 10.40
52-Week Range9.93 - 15.32
Beta0.11
AnalystsBuy
Price Target14.76 (+43.4%)
Earnings Daten/a

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, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers hardware, software, and related services for radio access and transport, as well as related services, such as design, tuning, network rollout, and customer support. The Digital Services segment provides products and services for o...

IndustryCommunications Equipment
Founded1876
CEOE. Borje Ekholm
Employees102,203
Stock ExchangeNASDAQ
Ticker SymbolERIC
Full Company Profile

Financial Performance

Financial numbers in millions SEKFinancial Statements

Analyst Forecast

According to 9 analysts, the average rating for Ericsson stock is "Buy." The 12-month stock price forecast is 14.76, which is an increase of 43.39% from the latest price.

Price Target
$14.76
(43.39% upside)
Analyst Consensus: Buy

News

Ericsson (ERIC) to Boost 5G Capabilities in Rural Kansas

Ericsson (ERIC) radio solutions will enable Nex-Tech to offer high-speed 5G capabilities in the rural communities of Kansas and help bridge the digital divide.

16 hours ago - Zacks Investment Research

Ericsson helps Nex-Tech Wireless bridge the digital divide with 5G in rural Kansas

PLANO, Texas, Dec. 7, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced a partnership with Nex-Tech Wireless to commercially launch Nex-Tech Wireless's 5G capabilities in rural Kansas. Ericss...

1 day ago - PRNewsWire

Sweden's Ericsson sees 660 million 5G subscriptions by year end

Sweden's Ericsson on Tuesday raised its global forecast for 5G mobile subscriptions to 660 million by the end of this year, citing stronger than expected demand in China and North America.

1 week ago - Reuters

Ericsson Mobility Report: Mobile data traffic increased almost 300-fold over 10 years

KISTA, Sweden, Nov. 30, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) global insights reveal an almost 300-fold increase in mobile data traffic since 2011 - the year in which Ericsson Mobility Report was...

1 week ago - PRNewsWire

Is Ericsson's $6.2 Billion Acquisition of Vonage a Smart Move?

Ericsson's share price fell following the news.

Other symbols:VG
2 weeks ago - The Motley Fool

SHAREHOLDER ALERT: WeissLaw LLP Investigates Vonage Holdings Corp.

NEW YORK, Nov. 22, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Vonage Holdings Corp. ("Vonage" or the ...

Other symbols:VG
2 weeks ago - PRNewsWire

Ericsson Acquires Vonage in $6.2B Stock Deal

Information and communication technology platform Ericsson on Monday (Nov. 22) announced its plans to acquire cloud-based communications company Vonage for about $6.2 billion through a stock deal that p...

Other symbols:VG
2 weeks ago - PYMNTS

Vonage up 25% after it announced Ericsson is set to pay $6.2 billion to acquire it

Ericsson (NASDAQ: ERIC) has agreed to purchase Vonage Holdings (NASDAQ: VG) for roughly $6.2 billion, or $21 per share. Vonage's Board of Directors unanimously approved this merger agreement.

Other symbols:VG
2 weeks ago - Invezz

Will Ericsson's $6.2 Billion Buyout Start a Consolidation Chain Reaction?

The Swedish specialist in telecom networking equipment is buying its way into the cloud-based communications market.

Other symbols:VG
2 weeks ago - The Motley Fool

Ericsson to acquire cloud communications company Vonage for $6.2B

Ericsson, an international networking company, decided it needed a dose of modernization and this morning announced its intent to acquire cloud communications company Vonage in a $6.2 billion deal. With...

Other symbols:VG
2 weeks ago - TechCrunch

Ericsson (ERIC) Inks Deal to Acquire Vonage for $6.2 Billion

Ericsson's (ERIC) leadership in 5G technology will boost the developing space for open network application programming interfaces.

Other symbols:VG
2 weeks ago - Zacks Investment Research

Ericsson to buy cloud service company Vonage in $6.2B deal

Swedish telecom equipment maker Ericsson is buying U.S. cloud communications company Vonage in a $6.2 billion deal that will help it expand wireless services for business customers.

Other symbols:VG
2 weeks ago - TechXplore

Legion Partners Comments on Sale of Vonage

LOS ANGELES--(BUSINESS WIRE)--Today, Legion Partners Asset Management, LLC (“Legion Partners”), a 2.2% beneficial, long-term stockholder of Vonage Holdings Corp. (NASDAQ: VG), issued the following state...

Other symbols:VG
2 weeks ago - Business Wire

Ericsson To Acquire Vonage At 28% Premium

Telefonaktiebolaget L M Ericsson (NASDAQ: ERIC) agreed to acquire Vonage Holdings Corp (NASDAQ: VG) for $6.2 billion. The purchase price values Vonage at $21 per share, implying a 28% premium to Novembe...

Other symbols:VG
2 weeks ago - Benzinga

Ericsson to buy cloud firm Vonage for $6.2B.

Mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.

Other symbols:VG
2 weeks ago - CNN Business

Ericsson to buy cloud firm Vonage for $6.2 billion

Mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.

Other symbols:VG
2 weeks ago - Reuters

Ericsson to acquire Vonage for USD 6.2 billion to spearhead the creation of a global network and communication platfo...

STOCKHOLM, Nov. 22, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has entered into an agreement to acquire Vonage Holdings Corp. (NASDAQ: VG) for USD 21 per share. This represents a total acquisition pri...

Other symbols:VG
2 weeks ago - PRNewsWire

3 5G Stocks to Buy and Hold

One of the most significant investment themes over the past few years has been 5G technology. The introduction of 5G has markedly increased global telecommunications.

Other symbols:QCOMT
3 weeks ago - InvestorPlace

Ericsson (ERIC) 5G Gears to Boost Qatar FIFA World Cup Experience

The partnership between Ericsson (ERIC) and the Qatar-based carrier is likely to add a new dimension to the global football extravaganza set to be held from November to December 2022.

3 weeks ago - Zacks Investment Research

Top Five Tech Stocks for 2022

Smart Money looks at the macro trends in the investing world. Here are five stocks focused on the big picture that you need to watch.

Other symbols:AKAMGLWINFNSABR
1 month ago - InvestorPlace

Ericsson Shares Fall Following Violation Of DOJ Agreement

U.S. prosecutors determined Telefonaktiebolaget LM Ericsson's (NASDAQ: ERIC) violated a $1.06-billion settlement agreement reached in 2019 over bribery allegations in five countries. The U.S. Justice De...

1 month ago - Benzinga

Ericsson (ERIC) Extends Partnership With Telenet in Belgium

Ericsson's (ERIC) Operations Engine enables communications service providers to better manage their network to enhance customer experience and drive efficiency.

1 month ago - Zacks Investment Research

Update on Deferred Prosecution Agreement

STOCKHOLM, Oct. 21, 2021 /PRNewswire/ -- On December 6, 2019, Ericsson (NASDAQ: ERIC) entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ). Ericsson has...

1 month ago - PRNewsWire

Ericsson says U.S. DOJ advises it breached obligations under DPA

Swedish telecommunications equipment maker Ericsson said Friday it received correspondence from U.S. Department of Justice stating that the company breached its obligations under a Deferred Prosecution ...

1 month ago - Reuters

Ericsson's (ERIC) Q3 Earnings Beat Estimates, Revenues Miss

Ericsson's (ERIC) third-quarter 2021 results reflect a sales decline in China in the Networks and Digital Services segments.

1 month ago - Zacks Investment Research