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NASDAQ:ERIC

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Price, News & Analysis

$6.57
-0.07 (-1.05%)
(As of 07/19/2024 ET)
Today's Range
$6.54
$6.61
50-Day Range
$5.36
$6.76
52-Week Range
$4.33
$6.81
Volume
16.24 million shs
Average Volume
16.58 million shs
Market Capitalization
$21.90 billion
P/E Ratio
N/A
Dividend Yield
2.59%
Price Target
$5.90

Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
10.2% Downside
$5.90 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of Telefonaktiebolaget LM Ericsson (publ) in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.00%
From $0.40 to $0.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.52 out of 5 stars

Computer And Technology Sector

543rd out of 577 stocks

Radio & T.V. Communications Equipment Industry

17th out of 19 stocks

ERIC stock logo

About Telefonaktiebolaget LM Ericsson (publ) Stock (NASDAQ: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 software. This segment also provides cloud RAN; transport solutions; passive and active antennas; and a range of service portfolios covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and managed network services. The Enterprise segment offers a global communications platform, including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprising private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It offers its services through wholesalers and distributors. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.

ERIC Stock Price History

ERIC Stock News Headlines

China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Ericsson Gets a Lift From North American Demand
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Ericsson reports second quarter results 2024
The 3 Best 6G Stocks to Buy in July 2024
See More Headlines
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Company Calendar

Last Earnings
1/22/2024
Today
7/19/2024
Next Earnings (Estimated)
10/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:ERIC
Employees
99,952
Year Founded
1876

Price Target and Rating

Average Stock Price Target
$5.90
High Stock Price Target
$5.90
Low Stock Price Target
$5.90
Potential Upside/Downside
-10.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$-2,493,860,000.00
Pretax Margin
-13.99%

Debt

Sales & Book Value

Annual Sales
$24.83 billion
Cash Flow
$0.75 per share
Book Value
$2.31 per share

Miscellaneous

Outstanding Shares
3,332,670,000
Free Float
N/A
Market Cap
$21.90 billion
Optionable
Optionable
Beta
0.84

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Key Executives

  • Mr. E. Borje Ekholm MBA (Age 61)
    MSc, President, CEO & Director
    Comp: $30.5M
  • Mr. Fredrik Jejdling (Age 55)
    Executive VP, Head of Business Area Network & Head of Segment Networks
    Comp: $12.91M
  • Mr. Lars Sandstrom M.Sc. (Age 52)
    Senior VP & CFO
  • Mr. Chris Houghton (Age 58)
    Senior VP, COO and Head of Business Area Technology & New Businesses
  • Ms. Eva-Britt Allenius
    Chief Accounting Officer
  • Mr. Erik Ekudden (Age 56)
    Senior VP, CTO & Head of Group Function Technology
  • Daniel Morris
    Head of Investor Relations
  • Mr. Scott Dresser (Age 57)
    Senior VP, Chief Legal Officer, Head of Group Function Legal Affairs and Secretary
  • Ms. Rebecca Rohr
    Chief Compliance Officer
  • Peter Olofsson
    Head of Corporate Communications

ERIC Stock Analysis - Frequently Asked Questions

How have ERIC shares performed this year?

Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $6.30 at the beginning of 2024. Since then, ERIC shares have increased by 4.3% and is now trading at $6.57.
View the best growth stocks for 2024 here
.

How were Telefonaktiebolaget LM Ericsson (publ)'s earnings last quarter?

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) released its earnings results on Monday, January, 22nd. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The communications equipment provider earned $6.76 billion during the quarter, compared to the consensus estimate of $7.04 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 14.13% and a positive trailing twelve-month return on equity of 11.39%.

What is Börje Ekholm's approval rating as Telefonaktiebolaget LM Ericsson (publ)'s CEO?

230 employees have rated Telefonaktiebolaget LM Ericsson (publ) Chief Executive Officer Börje Ekholm on Glassdoor.com. Börje Ekholm has an approval rating of 86% among the company's employees.

Does Telefonaktiebolaget LM Ericsson (publ) have any subsidiaries?

The following companies are subsidiaries of Telefonaktiebolaget LM Ericsson (publ): CradlePoint, Genaker, CENX, Allolio&Konrad, Ericpol, NodePrime, FYI Television, and others.

Who are Telefonaktiebolaget LM Ericsson (publ)'s major shareholders?

Top institutional shareholders of Telefonaktiebolaget LM Ericsson (publ) include Gateway Investment Advisers LLC (0.02%), SG Americas Securities LLC (0.01%), QRG Capital Management Inc. (0.01%) and NorthCrest Asset Manangement LLC.

How do I buy shares of Telefonaktiebolaget LM Ericsson (publ)?

Shares of ERIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Telefonaktiebolaget LM Ericsson (publ) own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Telefonaktiebolaget LM Ericsson (publ) investors own include Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC) and Micron Technology (MU).

This page (NASDAQ:ERIC) was last updated on 7/19/2024 by MarketBeat.com Staff

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