Telefonaktiebolaget LM Ericsson (publ) (ERIC)
| Market Cap | 17.53B |
| Revenue (ttm) | 26.13B |
| Net Income (ttm) | -2.62B |
| Shares Out | 3.27B |
| EPS (ttm) | -0.73 |
| PE Ratio | n/a |
| Forward PE | 9.70 |
| Dividend | $0.25 (4.66%) |
| Ex-Dividend Date | Apr 4, 2024 |
| Volume | 16,330,675 |
| Open | 5.25 |
| Previous Close | 5.26 |
| Day's Range | 5.22 - 5.38 |
| 52-Week Range | 4.33 - 6.36 |
| Beta | 0.36 |
| Analysts | Hold |
| Price Target | 5.58 (+4.1%) |
| 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]
Analyst Forecast
According to one analyst, the rating for ERIC stock is "Hold" and the 12-month stock price forecast is $5.58.
News
Singtel Partners with Vonage to Accelerate Global Enterprise and Telco Innovation and Digital Transformation
SINGAPORE--(BUSINESS WIRE)--Singtel today announced it is partnering with Vonage, a global leader in cloud communications and a part of Ericsson (NASDAQ: ERIC), to help enterprises and telcos innovate...
Ericsson Lays Off More Than 200 Employees in China
Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally.
Nex-Tech Wireless partners with Ericsson to Keep Kansans Connected with innovative technologies
PLANO, Texas , April 17, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and Nex-Tech Wireless today announce a transformative 5-year network modernization initiative. This groundbreaking initiative unde...
Ericsson Boosts Gross Margin, Sees Sales Stabilizing Later This Year
American depositary receipts (ADRs) of Ericsson (ERIC) rose Tuesday after the Swedish telecom company posted a much better-than-expected operating profit and predicted sales would be better in the sec...
Palantir, AMD, Ericsson, Amazon, and Other Tech Stocks in Focus Today.
Tech stocks appeared poised to struggle for direction early Tuesday after a sharp selloff Monday.
'We need to continue the journey to take out costs' at Ericsson, says CEO
Börje Ekholm, CEO of Ericsson, discusses first-quarter results and the outlook for the telecommunications industry.
Ericsson posts increase in profits as higher margins offset falling sales
Shares of Ericsson climbed on Tuesday after the Swedish telecom group reported a mixed set of results, with higher profit margins in the first quarter of 2024 helping offset a sharp drop in sales.
Ericsson Mobile Network Weakness to Continue Through 2024
Ericsson expects the mobile-network market to continue falling at least through the end of this year, as customer spending remains cautious and investments in India slow further.
Ericsson reports first quarter results 2024
STOCKHOLM , April 16, 2024 /PRNewswire/ -- First quarter highlights – Driving gross margin improvements and cost efficiencies Sales declined organically[1] by -14% YoY, due to a -19% decline in Networ...
Ericsson's Q1 adjusted operating profit beats expectations
Swedish telecom equipment maker Ericsson reported on Tuesday a first-quarter adjusted operating profit that beat expectations and said it expects sales to stabilize during the second half of the year ...
Research: More than Half of Singapore's Organisations Experienced 1-2 hours of Weekly Downtime Due to Fixed Line/ Fibre Network Failure Over the Last 12 months
Eighty-two percent of Singapore's organisation have had to remove/ block applications like Zoom, WhatsApp and others considered vulnerability risks from work devices for security reasons Eighty-two pe...
Cradlepoint Survey Reveals Enterprises are More Confident Utilizing 5G to Expand into New Business Opportunities
Data reveals a growing number of businesses are leveraging cellular as their primary mode of connectivity due to cost, flexibility and scale Data reveals a growing number of businesses are leveraging ...
Cradlepoint Research: Majority of Canadian Businesses' Network Connectivity Is Good, but Downtime Continues to Impact Operations
TORONTO--(BUSINESS WIRE)--Cradlepoint, part of Ericsson, announced findings from its 2024 State of Connectivity report.
LEAP Expands Global Customer Reach with Vonage SIP Trunking API
SINGAPORE--(BUSINESS WIRE)--Based in Singapore, LEAP, THE HORIZON INFORMATION TECHNOLOGY, has announced it is leveraging Communications APIs from Vonage to expand its global customer reach and scale. ...
Ericsson's Annual General Meeting 2024
STOCKHOLM , April 3, 2024 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson's (NASDAQ: ERIC) Annual General Meeting (AGM) was held today on April 3, 2024 in Kista, Stockholm. Shareholders were also able...
Vonage Wins Gold in 5G Category at Merit Awards for Telecom 2024
HOLMDEL, N.J. , April 3, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has been...
Invitation to media and analyst briefing for Ericsson Q1 2024 report
Report to be released at approximately 7:00 AM CEST on April 16, 2024 One live video webcast for analysts, investors, and journalists at 9:00 AM CEST STOCKHOLM , April 2, 2024 /PRNewswire/ -- Ericsson...
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...
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...
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...
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...
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.
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.
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.
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 ...