Telefonaktiebolaget LM Ericsson (publ) (ERIC)

NASDAQ: ERIC · IEX Real-Time Price · USD
+0.13 (2.66%)
At close: Dec 1, 2023, 4:00 PM
-0.02 (-0.40%)
After-hours: Dec 1, 2023, 7:51 PM EST
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]

Sector Technology
Founded 1876
Employees 105,529
Stock Exchange NASDAQ
Ticker Symbol ERIC
Full Company Profile

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 Statements

Analyst 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.

Price Target
(39.44% upside)
Analyst Consensus: Hold
Stock Forecasts


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...

3 days ago - PRNewsWire

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...

3 days ago - PRNewsWire

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...

4 days ago - PRNewsWire

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'...

10 days ago - PRNewsWire

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.

12 days ago - Forbes

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...

24 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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.

6 weeks ago - CNBC International TV

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.

Other symbols: NOK
6 weeks ago - Barrons

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.

Other symbols: NTCT
6 weeks ago - Market Watch

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.

6 weeks ago - Market Watch

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - Reuters

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...

6 weeks ago - PRNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - Reuters

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 ...

7 weeks ago - Business Wire

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...

7 weeks ago - Market Watch

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - Reuters

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 ...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire