|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||0.27|
|PE ratio (TTM)||0.09|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Ericsson (ERIC) collaborated with Intel to accelerate seamless 5G adoption, develop various 5G applications to support enterprises and expedite digital transformation in Thailand.
Ericsson (ERIC) partnered with MediaTek to demonstrate a record 5G upload speed of 440 Mbps leveraging RAN Compute Baseband 6648 and a mobile device equipped with MediaTek 5G smartphone chipset.
The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ). U.S. District Judge William Kuntz in Brooklyn, New York, wrote that Ericsson had issued "ubiquitous warnings" to investors raising "the possibility of future compliance failures" after the agreement.
Digital Nasional Berhad selected Ericsson's (ERIC) Security solution to boost the cyber defense of its 5G network with automated security management.
TORONTO, May 23, 2023--Cradlepoint has published findings from its The State of Connectivity survey in cooperation with Censuswide.
STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The sales growth in the quarter was mainly from fiercely price competitive markets such as India rather than high-margin markets like the U.S. "India is strong and a good example where our sales are up five times," Chief Financial Officer Carl Mellander said in an interview.
Ericsson (ERIC) is witnessing positive demand trends backed by its comprehensive 5G product portfolio. The company is expected to record higher revenues year over year.
Ericsson (ERIC) collaborated with Far EasTone Telecommunications (FET) and TVBS to deploy advanced 5G network slicing technology for live streaming of the Wan Jin Shi Marathon event.
The acquisition will strengthen Ericsson's (ERIC) market position as a leading mobile infrastructure provider and establish a focused enterprise business.
Ericsson (ERIC) and Intel intend to work in unison to develop 5G use cases in sectors such as manufacturing, transport and logistics.
Under Swedish law, if board members are not discharged of their liabilities for the previous year by shareholders owning at least 10% of the stock they can be sued by the company and its investors. Shareholders are upset with the company's perceived mishandling of alleged bribery cases. Ericsson was fined 207 million dollars earlier this year by the U.S. authorities for not properly disclosing that a 2019 investigation had found the company may have paid bribes to militant organisations in Iraq.
Ericsson's (ERIC) quantum research hub is likely to provide the perfect test bed for academic challenges with requisite networking competence and facilities to conduct advanced research.
Ericsson (ERIC) will offer its industry-leading 4G and 5G Radio Access Network (RAN) technology to Virgin Media O2 to accelerate network modernization in the United Kingdom.
The recent fine pertains to the charges that Ericsson (ERIC) has failed to "truthfully disclose" all information and evidence in the Djibouti and China cases and in other potential bribery or accounting violations.
SAN JOSE, Calif., February 28, 2023--Ericsson and Aeris Communications showcase combined IoT capabilities at Mobile World Congress
STOCKHOLM (Reuters) -Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. Ericsson last made deep cuts in 2017 when it laid off thousands of employees and focused on research to pull the company out of losses. The company was negotiating with its employee union in Sweden for months on how to handle cost cuts.
Despite??generating higher revenues year over year, Ericsson (ERIC) registers low fourth-quarter earnings due to uncertainties and macroeconomic headwinds.
Investors need to pay close attention to Ericsson (ERIC) stock based on the movements in the options market lately.
Ericsson (ERIC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision for an expected fine from U.S. authorities for the breach of a settlement reached in 2019. Ericsson's share price surged 7.7% in afternoon trading, as analysts had expected a larger fine similar to the $1 billion it paid in 2019 as part of a bribery settlement. Ericsson had in 2019 settled bribery allegations with U.S. authorities and agreed to be under review for three years.
Ericsson on Wednesday announced a 800 million crown ($76 million) fourth-quarter charge linked to dropping some contracts and products at its loss-making Cloud Software and Services business. The Swedish telecom gear maker had said last month it would restructure parts of the business, which it expanded in July with the $6.2 billion acquisition of cloud communications firm Vonage, to improve profitability. "Following a portfolio and customer contract review, the company has decided to exit certain subscale agreements and product offerings," it said in a statement on Wednesday.
STOCKHOLM/MOSCOW (Reuters) -When telecoms gear makers Nokia and Ericsson leave Russia at the end of the year, their departure could steadily cripple the country's mobile networks over the long-term, setting off a deterioration in communication for everyday Russians. Five senior telecoms executives and other industry sources said Russian mobile phone users will likely experience slower downloads and uploads, more dropped calls, calls that won't connect, and longer outages as operators lose the ability to upgrade or patch software, and battle over dwindling spare parts inventories. Ericsson and Nokia, which together account for a large share of the telecoms equipment market and close to 50% in terms of base stations in Russia, make everything from the telecom antennas to the hardware that connects optical fiber carrying digital signals.
Ericsson (ERIC) is following an orderly exit in Russia and is winding down its operations in the wake of economic sanctions against the Putin regime.