Summary
5.73 0.04(0.70%)05/17/2024
Telefonaktiebolaget L M Ericsson (ERIC)
Telefonaktiebolaget L M Ericsson (ERIC)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 0.57 | 5.16 | 2.62 | -0.84 | 14.86 | -0.47 | -37.92 | 996.27 |
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| Trading Data | ||
| Close | 5.30 | |
| Open | 5.35 | |
| High | 5.37 | |
| Low | 5.28 | |
| Volume | 11,622,881 | |
| Change | 0.03 | |
| Change % | 0.57 | |
| Avg Volume (20 Days) | 17,012,544 | |
| Volume/Avg Volume (20 Days) Ratio | 0.68 | |
| 52 Week Range | 4.33 - 6.36 | |
| Price vs 52 Week High | -16.75% | |
| Price vs 52 Week Low | 22.29% | |
| Range | -1.03 | |
| Gap Up/Down | 0.07 | |
Fundamentals | ||
| Market Capitalization (Mln) | 18,614 | |
| EBIDTA | 24,512,999,424 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | 3.5323 | |
| WallStreet Target Price | 4.55 | |
| Book Value | 3.2510 | |
| Earnings Per Share | -0.7000 | |
| EPS Estimate Current Quarter | 0.0400 | |
| EPS Estimate Next Quarter | 0.0600 | |
| EPS Estimate Current Year | 0.4100 | |
| EPS Estimate Next Year | 0.4700 | |
| Diluted EPS (TTM) | -0.7000 | |
| Revenues | ||
| Profit Marging | -0.1000 | |
| Operating Marging (TTM) | 0.0454 | |
| Return on asset (TTM) | 0.0333 | |
| Return on equity (TTM) | -0.2147 | |
| Revenue TTM | 254,122,999,808 | |
| Revenue per share TTM | 76.3070 | |
| Quarterly Revenue Growth (YOY) | -0.1480 | |
| Quarterly Earnings Growth (YOY) | 0.7070 | |
| Gross Profit (TTM) | 113,490,000,000 | |
| Dividends | ||
| Dividend Share | 2.7000 | |
| Dividend Yield | 0.0468 | |
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 9.6993 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.7700 | |
| Revenue Enterprise Value | 0.0652 | |
| EBITDA Enterprise Value | -1.9286 | |
| Shares | ||
| Shares Outstanding | 3,331,970,048 | |
| Shares Float | 2,975,280,104 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 0.00 | |
| Institutions (%) | 9.62 | |
05/14 08:30 EST - prnewswire.com
Vonage Expands Salesforce Service Cloud Voice Offering with Einstein Integration
One of the first contact center providers to offer full integration with AI-powered Einstein Conversation Insights to drive customer engagement HOLMDEL, N.J. , May 14, 2024 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has expanded its Vonage Premier for Service Cloud Voice solution to include integration with Salesforce Einstein Conversation Insights.
Vonage Expands Salesforce Service Cloud Voice Offering with Einstein Integration
One of the first contact center providers to offer full integration with AI-powered Einstein Conversation Insights to drive customer engagement HOLMDEL, N.J. , May 14, 2024 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has expanded its Vonage Premier for Service Cloud Voice solution to include integration with Salesforce Einstein Conversation Insights.
05/10 03:53 EST - prnewswire.com
Ericsson announces change to the Executive Team
STOCKHOLM , May 10, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces that Fadi Pharaon, Senior Vice President and Head of Market Area Middle East & Africa, has decided to leave Ericsson to pursue other opportunities. Mr. Pharaon has held his current position since 2019 but has been with Ericsson for 26 years during which time he has held several management positions within the Company.
Ericsson announces change to the Executive Team
STOCKHOLM , May 10, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces that Fadi Pharaon, Senior Vice President and Head of Market Area Middle East & Africa, has decided to leave Ericsson to pursue other opportunities. Mr. Pharaon has held his current position since 2019 but has been with Ericsson for 26 years during which time he has held several management positions within the Company.
05/03 03:29 EST - prnewswire.com
Ericsson to utilize mandate to transfer shares
STOCKHOLM , May 3, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) annual general meeting on April 3, 2024 authorized the company to, in conjunction with the delivery of vested shares under the long-term variable compensation program 2021 ("LTV 2021"), prior to the annual general meeting in 2025, retain and sell no more than 60% of the vested LTV 2021 shares of series B in the company in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the performance share awards for remittance to revenue authorities. Ericsson has decided to utilize the authorization to transfer shares for these purposes.
Ericsson to utilize mandate to transfer shares
STOCKHOLM , May 3, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) annual general meeting on April 3, 2024 authorized the company to, in conjunction with the delivery of vested shares under the long-term variable compensation program 2021 ("LTV 2021"), prior to the annual general meeting in 2025, retain and sell no more than 60% of the vested LTV 2021 shares of series B in the company in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the performance share awards for remittance to revenue authorities. Ericsson has decided to utilize the authorization to transfer shares for these purposes.
05/02 09:24 EST - prnewswire.com
Ericsson resolves on an acquisition offer for C shares for LTV I 2023
STOCKHOLM , May 2, 2024 /PRNewswire/ -- In accordance with the resolution by the Annual General Meeting 2024, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program LTV I 2023 for Ericsson's executive team. The Board of Directors of Ericsson has today resolved, by virtue of authorization given by the Annual General Meeting on April 3, 2024 (the "AGM 2024"), to direct an acquisition offer to all holders of C shares to acquire these shares.
Ericsson resolves on an acquisition offer for C shares for LTV I 2023
STOCKHOLM , May 2, 2024 /PRNewswire/ -- In accordance with the resolution by the Annual General Meeting 2024, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program LTV I 2023 for Ericsson's executive team. The Board of Directors of Ericsson has today resolved, by virtue of authorization given by the Annual General Meeting on April 3, 2024 (the "AGM 2024"), to direct an acquisition offer to all holders of C shares to acquire these shares.
04/24 09:00 EST - globenewswire.com
Cradlepoint 5G-Optimized NetCloud SASE Secures Agile Enterprises
Zero-trust networks deployable, at scale, in as little as 6 minutes, addresses current industry void for simplified networking and security in dynamic environments Zero-trust networks deployable, at scale, in as little as 6 minutes, addresses current industry void for simplified networking and security in dynamic environments
Cradlepoint 5G-Optimized NetCloud SASE Secures Agile Enterprises
Zero-trust networks deployable, at scale, in as little as 6 minutes, addresses current industry void for simplified networking and security in dynamic environments Zero-trust networks deployable, at scale, in as little as 6 minutes, addresses current industry void for simplified networking and security in dynamic environments
04/22 10:26 EST - zacks.com
Ericsson's (ERIC) Vonage Announces Partnership With Singtel
The integration of Ericsson's (ERIC) 5G network with Vonage's API platform and Singtel's Paragon platform is likely to aid developers in creating solutions to help enterprises overhaul their businesses.
Ericsson's (ERIC) Vonage Announces Partnership With Singtel
The integration of Ericsson's (ERIC) 5G network with Vonage's API platform and Singtel's Paragon platform is likely to aid developers in creating solutions to help enterprises overhaul their businesses.
04/19 04:41 EST - headlinesoftoday.com
Singtel Partners with Vonage to Accelerate Global Enterprise and Telco Innovation and Digital Transformation
Partnership to drive rapid application development across multiple markets with network, edge and communications application programming interfaces (APIs) 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 and scale their services and solutions through Singtel’s industry-leading … The post Singtel Partners with Vonage to Accelerate Global Enterprise...
Singtel Partners with Vonage to Accelerate Global Enterprise and Telco Innovation and Digital Transformation
Partnership to drive rapid application development across multiple markets with network, edge and communications application programming interfaces (APIs) 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 and scale their services and solutions through Singtel’s industry-leading … The post Singtel Partners with Vonage to Accelerate Global Enterprise...
04/18 11:24 EST - investorplace.com
Ericsson Layoffs 2024: What to Know About the Latest Ericsson Job Cuts
Ericsson (NASDAQ: ERIC ) layoffs are a hot topic on Thursday as reports claim that the telecommunications giant is preparing to cut jobs. According to a company spokesperson, Ericsson is going to reduce its headcount by more than 200 employees.
Ericsson Layoffs 2024: What to Know About the Latest Ericsson Job Cuts
Ericsson (NASDAQ: ERIC ) layoffs are a hot topic on Thursday as reports claim that the telecommunications giant is preparing to cut jobs. According to a company spokesperson, Ericsson is going to reduce its headcount by more than 200 employees.
04/17 09:00 EST - prnewswire.com
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 underscores Nex-Tech Wireless's commitment to providing unparalleled connectivity solutions to communities across Kansas.
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 underscores Nex-Tech Wireless's commitment to providing unparalleled connectivity solutions to communities across Kansas.
04/16 12:40 EST - investopedia.com
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 second half of the year.
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 second half of the year.
04/16 11:41 EST - zacks.com
Ericsson (ERIC) Q1 Earnings Beat Estimates, Top Line Falls Y/Y
Ericsson (ERIC) reports a top-line contraction year over year in the first quarter of fiscal 2024 due to sluggish demand trends in the Networks vertical.
Ericsson (ERIC) Q1 Earnings Beat Estimates, Top Line Falls Y/Y
Ericsson (ERIC) reports a top-line contraction year over year in the first quarter of fiscal 2024 due to sluggish demand trends in the Networks vertical.
04/16 08:02 EST - barrons.com
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.
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.
04/16 08:00 EST - youtube.com
'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.
'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.
04/16 07:06 EST - seekingalpha.com
Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q1 2024 Earnings Call Transcript
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC ) Q1 2024 Earnings Conference Call April 16, 2024 3:00 AM ET Company Participants Daniel Morris - Head of Investor Relations Borje Ekholm - President and Chief Executive Officer Lars Sandstrom - Senior Vice President, Chief Financial Officer Conference Call Participants Andreas Joelsson - Carnegie Francois-Xavier Bouvignies - UBS Joachim Gunell - DNB Markets Sandeep Deshpande - JPMorgan Daniel Djurberg - Handelsbanken Capital Markets Joseph Zhou - Barclays Sebastien Sztabowicz - Kepler Cheuvreux Erik Lindholm-Rojestal - SEB Felix Henriksson - Nordea Markets Sami Sarkamies - Danske Bank Richard Kramer - Arete Research Daniel Morris Hello, everyone, and welcome to today's presentation of Ericsson's First Quarter 2024 Results. With me today are Borje Ekholm, our President and CEO; and Lars Sandstrom, Chief Financial Officer.
Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q1 2024 Earnings Call Transcript
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC ) Q1 2024 Earnings Conference Call April 16, 2024 3:00 AM ET Company Participants Daniel Morris - Head of Investor Relations Borje Ekholm - President and Chief Executive Officer Lars Sandstrom - Senior Vice President, Chief Financial Officer Conference Call Participants Andreas Joelsson - Carnegie Francois-Xavier Bouvignies - UBS Joachim Gunell - DNB Markets Sandeep Deshpande - JPMorgan Daniel Djurberg - Handelsbanken Capital Markets Joseph Zhou - Barclays Sebastien Sztabowicz - Kepler Cheuvreux Erik Lindholm-Rojestal - SEB Felix Henriksson - Nordea Markets Sami Sarkamies - Danske Bank Richard Kramer - Arete Research Daniel Morris Hello, everyone, and welcome to today's presentation of Ericsson's First Quarter 2024 Results. With me today are Borje Ekholm, our President and CEO; and Lars Sandstrom, Chief Financial Officer.
04/16 04:50 EST - marketwatch.com
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 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.
04/16 01:41 EST - prnewswire.com
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 Networks. Reported sales decreased to SEK 53.3 (62.6) b.
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 Networks. Reported sales decreased to SEK 53.3 (62.6) b.
04/16 01:12 EST - reuters.com
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 if current trends persist.
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 if current trends persist.
04/15 12:46 EST - zacks.com
Ericsson (ERIC) Solution to Upgrade Swisscom's Mobile Network
Swisscom selects Ericsson's (ERIC) comprehensive solution suite to modernize its mobile network infrastructure.
Ericsson (ERIC) Solution to Upgrade Swisscom's Mobile Network
Swisscom selects Ericsson's (ERIC) comprehensive solution suite to modernize its mobile network infrastructure.
04/14 16:30 EST - globenewswire.com
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 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
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 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