Ericsson (ERIC)

NASDAQ: ERIC · IEX Real-Time Price · USD
5.85
0.00 (0.00%)
At close: Sep 27, 2022 4:00 PM
5.97
+0.12 (2.05%)
After-hours: Sep 27, 2022 4:18 PM EDT
0.00%
Market Cap 20.61B
Revenue (ttm) 25.81B
Net Income (ttm) 2.52B
Shares Out 3.52B
EPS (ttm) 0.63
PE Ratio 9.29
Forward PE 8.67
Dividend $0.25 (4.25%)
Ex-Dividend Date Sep 29, 2022
Volume 10,760,820
Open 5.94
Previous Close 5.85
Day's Range 5.78 - 6.01
52-Week Range 5.78 - 12.78
Beta 0.17
Analysts Buy
Price Target 9.22 (+57.6%)
Earnings Date Jul 14, 2022

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 radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides integrated antenna and transport solutions; and a range of service portfolio... [Read more...]

Industry Communications Equipment
Founded 1876
CEO E. Borje Ekholm
Employees 101,459
Stock Exchange NASDAQ
Ticker Symbol ERIC
Full Company Profile

Financial Performance

In 2021, Ericsson's revenue was 232.31 billion, a decrease of -0.03% compared to the previous year's 232.39 billion. Earnings were 22.69 billion, an increase of 29.81%.

Financial numbers in SEK Financial Statements

Analyst Forecast

According to 30 analysts, the average rating for ERIC stock is "Buy." The 12-month stock price forecast is 9.22, which is an increase of 57.61% from the latest price.

Price Target
$9.22
(57.61% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ericsson (ERIC) to Boost 5G Capabilities in American Samoa

Ericsson (ERIC) radio solutions will enable Bluesky to offer high-speed 5G capabilities in American Samoa to help bridge the digital divide.

6 hours ago - Zacks Investment Research

Appalachian Wireless brings 5G to eastern Kentucky with Ericsson

Ericsson will upgrade Appalachian Wireless' 4G network by deploying a new cloud-native dual-mode 5G Core and Ericsson Radio System to support 4G and 5G standalone (SA) connectivity This new network will...

8 hours ago - PRNewsWire

Hiya and Ericsson Partner to Deliver Network-Based Call Protection to Wireless Carriers Globally

SEATTLE--(BUSINESS WIRE)--Hiya today announced a new partnership with Ericsson (NASDAQ: ERIC) to provide network-based call protection to wireless carriers globally.

8 hours ago - Business Wire

Bluesky selects Ericsson to modernize their network in American Samoa

Bluesky and Ericsson are partnering for the first time to modernize Bluesky's network and bring 5G to customers in American Samoa Ericsson will upgrade the existing core network, radios and other equipm...

1 day ago - PRNewsWire

Ericsson says no hardware exported to Russia, only software support

Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, ...

4 days ago - Reuters

Ericsson publishes restated segment financials

Ericsson has published restated segment financials for 2020 full year, 2021 by quarter and 2022 Q1 and Q2 following the changed reporting structure as of Q3 2022 Conference call with CFO Carl Mellander ...

1 week ago - PRNewsWire

Ericsson double-downgraded at Credit Suisse as Nokia lifted to outperform

Credit Suisse upped its rating on Nokia NOK, -0.40% NOKIA, to outperform from neutral, and lowered Ericsson ERIC, -3.32% ERIC.B, -2.63% to underperform from outperform, as Adithya Metuku assumed primary...

Other symbols: NOK
1 week ago - Market Watch

Ericsson and KORE to Simplify Global IoT Deployments and Offer Unrivaled IoT Coverage in U.S.

The new alliance will enable enterprises to: Leverage KORE's unparalleled coverage in the U.S. in combination with Ericsson's IoT Accelerator's global deployment capabilities Simplify global deployments...

1 week ago - PRNewsWire

Save the date for Ericsson's Capital Markets Day on 15 December 2022

STOCKHOLM , Sept. 14, 2022 /PRNewswire/ -- Ericsson will hold its 2022 Capital Markets Day in New York City on Thursday 15 December 2022.

1 week ago - PRNewsWire

Ericsson and National Science Foundation's AERPAW collaborate on 5G drone research to support smart agriculture

Demonstration shows video streamed from a drone on an Ericsson 5G radio and core network with available uplink speeds over 100 Megabits per second, and downlink speeds over 450 Megabits per second Advan...

2 weeks ago - PRNewsWire

Invitation to briefing on Vonage and Global Network Platform

Ericsson to host a briefing on recent Vonage acquisition and development of Global Network Platform Conference call including Q&A scheduled at 6:00 PM CEST, September 26 STOCKHOLM , Sept. 13, 2022 /PRNe...

2 weeks ago - PRNewsWire

2 Top Tech Stocks Under $20 Per Share

You can afford a share or two of these awesome stocks, even if your investable cash is limited to coins found between the couch cushions.

Other symbols: LPL
2 weeks ago - The Motley Fool

7 Stocks Under $15 to Buy and Hold Forever

Generally speaking, you want to focus your investments on companies with strong fundamentals, not just on companies that meet a certain price metric, such as stocks under $15. However, certain public fi...

Other symbols: SIRITAKUTIVALE
3 weeks ago - InvestorPlace

Ericsson (ERIC) to Build Ameren's Private Communication Network

Ericsson (ERIC) radio solutions will enable Ameren to consolidate disparate network solutions into a highly-efficient communications network using the 900 MHz spectrum band.

3 weeks ago - Zacks Investment Research

Ericsson powers up Ameren's private communications network

PLANO, Texas , Aug. 31, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced delivery of its industry-leading Radio Access Network (RAN) and its role to help power up Ameren's private communicat...

3 weeks ago - PRNewsWire

Nokia (NOK), Ericsson (ERIC) to Terminate Russia Operations

Nokia (NOK) and Ericsson (ERIC) decide to close their business operations in Russia.

Other symbols: NOK
4 weeks ago - Zacks Investment Research

Invitation to conference call on restated segment financials

STOCKHOLM , Aug. 29, 2022 /PRNewswire/ -- As previously announced Ericsson is as of Q3 2022 changing its reporting structure to reflect its new organization Restated segment financials for 2022 first an...

4 weeks ago - PRNewsWire

Ericsson to wind down business activities in Russia over coming months

STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to ...

4 weeks ago - Reuters

2 Wireless Stocks With Decent Dividend for a Steady Return

Qualcomm (QCOM) and Ericsson (ERIC) are two stocks within the Zacks Wireless Equipment industry that reward shareholders with a decent risk-adjusted dividend yield.

Other symbols: QCOM
1 month ago - Zacks Investment Research

Ericsson Imagine Live North America Tour to offer innovative mobile customer experience

Imagine Live North America Tour will take place over six months and visit 60+ customer sites across the United States and Canada The tour will cultivate an Innovative Mobile Customer Experience, allowin...

1 month ago - PRNewsWire

Top 2 Wireless Equipment Stocks With Modest Dividend Yield

Ericsson (ERIC) and InterDigital (IDCC) have modest dividend yield despite high inflationary pressures and intense market volatility.

Other symbols: IDCC
2 months ago - Zacks Investment Research

7 Cheap Stocks Under $10 to Buy Now

These seven companies are all cheap stocks under $10 long-term investors may want to consider for growth and yield right now. The post 7 Cheap Stocks Under $10 to Buy Now appeared first on InvestorPlace.

Other symbols: ARLOCNTYNYCBOTLYPBITEF
2 months ago - InvestorPlace

Ericsson completes acquisition of Vonage

As of July 21, 2022, Vonage becomes wholly owned subsidiary of Ericsson            With Vonage on board, Ericsson will create a market for easy to adopt global network Application Program Interfaces ("A...

2 months ago - PRNewsWire

Ericsson closes $6.2 billion Vonage deal after short delay

Ericsson on Thursday closed its $6.2 billion Vonage acquisition, nearly a month after it was delayed due to a pending investigation by a U.S. national security panel.

2 months ago - Reuters

Ericsson: 5G's Full Potential Still Untapped

Extended reality (XR) and application programming interfaces (APIs) will be among the uses driving demand for 5G infrastructure and capacity for years to come, Ericsson executives said Thursday (July 14...

2 months ago - PYMNTS