|Day's Range||6.24 - 6.35|
|52 Week Range||4.83 - 7.55|
|PE Ratio (TTM)||-15.61|
|Dividend & Yield||0.11 (1.81%)|
|1y Target Est||N/A|
Verizon’s Enterprise Solutions revenues dipped to less than $2.5 billion in 1Q17 from more than $2.5 billion a year earlier.
Wells Fargo Securities The Radio Access Network equipment market continues to be challenged. Ericsson (ERIC) missed second-quarter revenue and took down its Radio Access Network (RAN) market outlook to high-single-digit declines in 2017 versus its prior outlook of down 2% to 6% (Nokia (NOK) sees the market down low single digits assuming constant exchange rates from November, Wells Fargo: down 4.7%, and Street: down 3.1%). While Ericsson doesn’t believe it is losing market share, its business continues to be impacted by competitive pressures, lower mobile investments (due to a mix of factors including customers facing macro pressures and a pause to 5G), and lower software spending trends.
Ericsson pledged to step up its cost-cutting plans after swinging to a net loss in the second quarter, and it warned that earnings could weaken further as the market continues to struggle.