|Bid||116.42 x 0|
|Ask||116.46 x 0|
|Day's range||114.14 - 118.46|
|52-week range||78.74 - 121.80|
|Beta (5Y monthly)||0.15|
|PE ratio (TTM)||20.91|
|Forward dividend & yield||2.00 (1.72%)|
|Ex-dividend date||30 Sep 2021|
|1y target est||81.10|
Ericsson (ERIC) closed the most recent trading day at $13.90, moving +1.53% from the previous trading session.
Ericsson has reached a "multi-year" agreement on global patent licences with Samsung, the Swedish telecom equipment maker said on Friday, ending a dispute that hit its first-quarter revenue. Ericsson said it had not disclosed how many years the deal, which includes patents for all cellular technologies, would last. It said it now expects second-quarter patent licensing revenue to be 2 billion crowns ($237 million) to 2.5 billion crowns.
Sweden's Ericsson on Tuesday unveiled a subscription service for remote working in North America that would allow employees of small businesses to start working from home in minutes with access to licensed apps, cloud storage and security tools. The company, known for selling telecom equipment to phone companies, has been benefiting from the sale of 5G gear and is now looking to diversify into other business areas. Not only can one activate workers in minutes, they can decide which employees can get access to certain apps or capabilities, said Åsa Tamsons, head of business area technologies and new businesses.