Ericsson Stock Has Risen Almost 18% since Its Q1 2018 Results
Ericsson (ERIC) stock has risen 17.6% since it announced its first-quarter results on April 20. Analysts expect Ericsson’s stock price to be flat over the next 12 months as the company continues to be affected by falling revenue due to a mature business environment. In the third quarter, analysts expect Ericsson’s revenue to fall 9% YoY (year-over-year) to $5.35 billion.