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NASDAQ:ERIC

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

$6.59
+0.20 (+3.13%)
(As of 09:38 AM ET)
Today's Range
$6.55
$6.63
50-Day Range
$5.21
$6.44
52-Week Range
$4.33
$6.63
Volume
3.74 million shs
Average Volume
16.07 million shs
Market Capitalization
$21.96 billion
P/E Ratio
N/A
Dividend Yield
2.58%
Price Target
$5.58

Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
12.7% Downside
$5.58 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of Telefonaktiebolaget LM Ericsson (publ) in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.95%
From $0.38 to $0.49 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.

0.60 out of 5 stars

Computer And Technology Sector

537th out of 573 stocks

Radio & T.V. Communications Equipment Industry

18th 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

Ericsson reports second quarter results 2024
How did Wall Street get it so wrong?
CNBC's 'Prophet' who called dot-com crash issues controversial AI warning As AI stocks send the stock market to new highs every other month, the mainstream media is warning investors to prepare for another 2000-style tech crash. But the man CNBC nicknamed 'The Prophet' is going against the crowd. He accurately predicted the dot-com crash in 2000, and today, he has a controversial new warning about the AI craze. It could dictate your next decade of success – or failure – in the U.S. stock market.
How did Wall Street get it so wrong?
CNBC's 'Prophet' who called dot-com crash issues controversial AI warning As AI stocks send the stock market to new highs every other month, the mainstream media is warning investors to prepare for another 2000-style tech crash. But the man CNBC nicknamed 'The Prophet' is going against the crowd. He accurately predicted the dot-com crash in 2000, and today, he has a controversial new warning about the AI craze. It could dictate your next decade of success – or failure – in the U.S. stock market.
The 3 Best 6G Stocks to Buy in July 2024
Ericsson Off The Bottom, But Hardly Thriving
See More Headlines
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Company Calendar

Last Earnings
4/16/2024
Today
7/12/2024
Next Earnings (Confirmed)
7/12/2024
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
$5.58
High Stock Price Target
$5.58
Low Stock Price Target
$5.58
Potential Upside/Downside
-12.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$-2,493,860,000.00
Pretax Margin
-8.57%

Debt

Sales & Book Value

Annual Sales
$24.83 billion
Cash Flow
$0.77 per share
Book Value
$2.76 per share

Miscellaneous

Outstanding Shares
3,332,670,000
Free Float
N/A
Market Cap
$21.30 billion
Optionable
Optionable
Beta
0.84

Social Links

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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 on January 1st, 2024. Since then, ERIC stock has increased by 1.4% and is now trading at $6.39.
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 quarterly earnings data on Tuesday, April, 16th. The communications equipment provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The communications equipment provider earned $5.13 billion during the quarter, compared to the consensus estimate of $5.33 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.75% and a positive trailing twelve-month return on equity of 11.93%.

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?

Telefonaktiebolaget LM Ericsson (publ) subsidiaries include CradlePoint, Genaker, CENX, Allolio&Konrad, Ericpol, NodePrime, FYI Television, and others.

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

Telefonaktiebolaget LM Ericsson (publ)'s top institutional shareholders include First Affirmative Financial Network, Aprio Wealth Management LLC and GAMMA Investing 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 7/12/2024 by MarketBeat.com Staff

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