|Bid||6.24 x 81400|
|Ask||6.25 x 268600|
|Day's Range||6.23 - 6.26|
|52 Week Range||4.04 - 6.65|
|PE Ratio (TTM)||-48.83|
|Dividend & Yield||0.18 (2.96%)|
|1y Target Est||N/A|
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.
Leaked images offer a clear shot of the new Nokia 8 with Zeiss optics.
The IBEX is up 40% from this time last year. But a big break of this trend would open up another 50% upside in the index to return to peak levels of 2008.