ERIC - Telefonaktiebolaget LM Ericsson (publ)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
9.77
+0.13 (+1.35%)
As of 1:15PM EDT. Market open.
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Previous Close9.64
Open9.74
Bid9.76 x 36900
Ask9.77 x 38800
Day's Range9.68 - 9.77
52 Week Range7.38 - 10.46
Volume3,024,850
Avg. Volume6,785,501
Market Cap32.865B
Beta (3Y Monthly)0.34
PE Ratio (TTM)N/A
EPS (TTM)-0.72
Earnings DateN/A
Forward Dividend & Yield0.11 (1.13%)
Ex-Dividend Date2019-03-28
1y Target Est10.76
Trade prices are not sourced from all markets
  • PR Newswire19 hours ago

    GCI Selects Ericsson for 5G Rollout in Alaska

    WASHINGTON , June 19, 2019 /PRNewswire/ -- Deployment includes Ericsson's 3GPP standards-based 5G New Radio (NR) hardware and software to macro cell sites across the Municipality of Anchorage Consumers ...

  • GCI partners with global technology leader Ericsson to deliver first 5G service to the Last Frontier
    PR Newswire21 hours ago

    GCI partners with global technology leader Ericsson to deliver first 5G service to the Last Frontier

    GCI combines its flagship metro fiber network and substantial radio spectrum holdings with Ericsson's industry-leading technology to deliver Alaska's first, standards-based 5G NR experience. ANCHORAGE, ...

  • Ericsson (ERIC) Outpaces Stock Market Gains: What You Should Know
    Zacks2 days ago

    Ericsson (ERIC) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Ericsson (ERIC) closed at $9.55, marking a +0.95% move from the previous day.

  • The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions
    Zacks2 days ago

    The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions

    The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions

  • PR Newswire2 days ago

    Ericsson Launches Enhanced 5G Deployment Options

    WASHINGTON , June 17, 2019 /PRNewswire/ -- Cutting-edge Standalone New Radio (NR) software enables super-fast response times, and a new feature to rapidly extend 5G coverage New high-capacity Massive MIMO ...

  • Buy 5 Top High-Yielding Tech Stocks That Still Hold Momentum
    Zacks5 days ago

    Buy 5 Top High-Yielding Tech Stocks That Still Hold Momentum

    Resolution of trade conflict with Mexico and high expectation of rate cut by the Fed enabled the technology sector to recover lost ground in June.

  • Is 5G Adoption Finally The Long-Awaited Catalyst For Nokia Stock?
    InvestorPlace5 days ago

    Is 5G Adoption Finally The Long-Awaited Catalyst For Nokia Stock?

    It's difficult to categorize Nokia (NYSE:NOK) as anything but a disappointment. Nokia shares have lost two-thirds of their value over the past decade. Recent performance hasn't been much better: NOK stock touched a 52-week low just last month.Source: Shutterstock The sense of disappointment goes beyond the stock price. This is a company that's offered promise repeatedly in recent years, with multiple potential catalysts for growth. The sale of its phone business to Microsoft (NASDAQ:MSFT) in 2013 brought in over $7 billion in cash, which was supposed to allow the Finnish tech company to focus on its networking business. The acquisition of Alcatel-Lucent was a supposed game-changer in driving so-called end-to-end sales.Nokia launched the Nokia 8 in 2017 to try and become a player in the smartphone business. It predicted the development of 5G wireless would be a significant driver for growth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those catalysts have played out. Nokia stock continues to drift downward. Revenue rose 1% in constant currency last year. Adjusted earnings declined.Nokia's CEO seems to insist that this time is different -- and he may be right. But investors would be wise to keep a skeptical attitude until he finally delivers on that promise. 5G and the Case for NOK StockHistory aside, there is an intriguing case for Nokia stock at the moment. NOK is cheap, at 13x 2020 EPS estimates. The company still has more than $2 billion in net cash on the balance sheet. And 5G development is on the way - with a major competitor potentially hamstrung. * 7 Stocks to Buy for the Coming Recession Nokia CEO Rajeev Suri addressed the company's 5G opportunity in an interview with Bloomberg this week. Suri said Nokia was competing well in 5G. China's Huawei, which clearly has taken share from Nokia in recent years, has been a target of the U.S. government based on national security concerns. But Suri argued that even that aside, "we compete quite favorably with Huawei".As for Scandinavian rival Ericsson (NYSE:ERIC), Suri claimed that Nokia wins "two-thirds of the time" when going up against them. The end-to-end offering now account for roughly half the company's pipeline of opportunities. Meanwhile, 5G demand continues to rise and Suri highlighted another opportunity in industrial IoT (Internet of Things). Suri's figures suggest demand in that part of IoT may be a bigger benefit to Nokia than 5G.Listening to Suri, it's easy to believe that NOK stock might finally be ready to rise. The opportunities are real, and substantial. European countries aren't putting the same pressure on Huawei as their U.S. counterparts, but the negative press surrounding that Chinese firm surely gives Nokia at least some sort of advantage. All told, Nokia looks ready to grow. At 13x earnings, Nokia stock isn't priced as such. Q1 Earnings and the Case Against Nokia StockThere are two problems with the case here, however. The first is that Nokia's first earnings were notably disappointing, leading NOK stock to drop 10%. And the second, again, is that Nokia has made promises before -- and had opportunities on which to capitalize.To be fair, Suri told Bloomberg that the company hadn't yet recognized revenue from signed contracts -- echoing commentary from Nokia after Q1. The company still sees significant 5G-related growth coming in the second half of the year. * 7 Dark Horse Stocks Winning the Race in 2019 But the company also admitted that full-year guidance would be tough to hit. And given the long-running credibility problems here, Nokia stock clearly has become a "show me" story. That's why investors sold so quickly after Q1 numbers: the fear is that Nokia is going to disappoint again. On the NOK Stock SidelinesThat risk colors the bull case for NOK stock, even at the lows. Networking is a tough business: even leader Cisco Systems (NASDAQ:CSCO) trades at just 16x forward earnings despite notably better results of late. Ericsson stock has been dead money for a decade. The same is true of Juniper Networks (NYSE:JNPR). Sure, 13x earnings for Nokia stock seems cheap … but it's not amazingly so in the context of the sector.Meanwhile, as intriguing as 5G appears, Nokia itself expects its addressable market to stay flat in 2019. Any revenue growth will have to come from market share gains and -- despite Suri's commentary and Huawei's struggles -- it's tough to have confidence in Nokia's ability to compete. It certainly hasn't done so in recent years.Nokia can prove skeptics wrong - and if it does, Nokia stock will gain. But until there's more than just optimistic talk backing up its growth potential, those skeptics, myself included, aren't changing their mind.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Is 5G Adoption Finally The Long-Awaited Catalyst For Nokia Stock? appeared first on InvestorPlace.

  • Reuters6 days ago

    UPDATE 2-UK tells telecom firms to be cautious over Huawei after U.S. warnings

    British telecom companies should show "all due caution" before using China's Huawei equipment in their 5G networks because the government cannot ignore the warnings from the United States, its digital minister said. Britain has found itself caught up in the diplomatic row between Washington and Beijing after the Trump administration told allies not to use Huawei's 5G equipment for fear it could allow China to spy on sensitive communications and data. Britain's National Security Council, chaired by Prime Minister Theresa May, had agreed in April to allow Huawei restricted access to non-core parts of the 5G network, but that decision has been put on hold following the U.S. intervention.

  • PR Newswire6 days ago

    Telkomsel Indonesia to Deploy Ericsson Core in Preparation for 5G

    Indonesia's largest mobile service provider Telkomsel has selected Ericsson's (ERIC) NFV infrastructure (NFVI) core network technology for a major core network upgrade as it moves towards 5G deployment. Ericsson's core network solutions will enable Telkomsel to improve speed, efficiency and agility for its current business and for future opportunities.

  • AT&T Rolls Out 5G Handsets With Samsung, Seeks More Market
    Zacks6 days ago

    AT&T Rolls Out 5G Handsets With Samsung, Seeks More Market

    Buyers availing the new AT&T (T) Business Unlimited Preferred plan can get the Samsung Galaxy S10 5G handset on the wireless service provider's 5G mmWave network.

  • Ericsson Increases Forecast for 5G Subscriptions by 2024
    Zacks8 days ago

    Ericsson Increases Forecast for 5G Subscriptions by 2024

    Ericsson's (ERIC) June 2019 Mobility Report projects 1.9 billion 5G subscriptions, up from 1.5 billion anticipated in the November 2018 report, marking a surge of almost 27%.

  • 5 Top Picks to Tap Momentum in Wireless Equipment Space
    Zacks8 days ago

    5 Top Picks to Tap Momentum in Wireless Equipment Space

    As wireless service providers ramp up investments in 5G network, wireless equipment makers are set to benefit significantly.

  • PR Newswire8 days ago

    Ericsson Mobility Report: 5G Uptake Even Faster Than Expected

    WASHINGTON, June 11, 2019 /PRNewswire/ -- Rapid early momentum and enthusiasm for 5G has led Ericsson (ERIC) to forecast an extra 400 million enhanced mobile broadband subscriptions globally by the end of 2024. The June 2019 edition of the Ericsson Mobility Report forecasts 1.9 billion 5G subscriptions - up from 1.5 billion forecasted in the November 2018 edition - an increase of almost 27 percent. Other forecasts have also increased notably as a result of the rapid 5G uptake.

  • Swedish gearmaker Ericsson increases 5G forecasts
    Reuters8 days ago

    Swedish gearmaker Ericsson increases 5G forecasts

    Sweden's Ericsson has raised its forecast for 5G subscriptions by 27 percent to 1.9 billion by 2024, with network coverage offering access to 45 percent of the world's population, it said on Tuesday. Strong commitment is required from chipset and device vendors as the next-generation networks go live and 5G devices become more readily available, the telecoms network equipment maker said in its biannual Mobility Report. Ericsson, which competes with China's Huawei and Finnish rival Nokia, said that North America is expected to lead the 5G uptake with 63 percent of anticipated mobile subscriptions in its region in five years, followed by North East Asia and Europe.

  • Ericsson (ERIC) Stock Sinks As Market Gains: What You Should Know
    Zacks9 days ago

    Ericsson (ERIC) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Ericsson (ERIC) closed at $9.68, marking a -3.01% move from the previous day.

  • Ericsson Inks License Agreement With Intellectual Ventures
    Zacks9 days ago

    Ericsson Inks License Agreement With Intellectual Ventures

    Ericsson (ERIC) anticipates the move to have an unfavorable impact on operating income within its Networks segment in the second quarter of 2019.

  • PR Newswire9 days ago

    Ericsson and Intellectual Ventures Sign License Agreement

    - License agreement ends all patent infringement lawsuits between the companies, including a lawsuit that went to trial earlier this year and resulted in a USD 43 million jury verdict for Intellectual ...