|Day's range||63.45 - 64.00|
|52-week range||43.19 - 64.95|
|PE ratio (TTM)||-18.61|
|Dividend & yield||0.11 (1.55%)|
|1y target est||58.15|
Ericsson’s (ERIC) IT and Cloud segment reported revenues of 9.6 billion Swedish kronor in 1Q17.
Ericsson has started to build and test infrastructure for 5G and has collaborated with tech giants such as Cisco Systems, Intel, and Verizon to penetrate this space.
Despite a challenging macro environment, Ericsson (ERIC) stock has returned over 20% in 2017. Ericsson has been facing declining revenues during the last three quarters.