Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers hardware, software, and related services for radio access and transport, as well as related services, such as design, tuning, network rollout, and customer support. The Digital Services segment provides products and services for operators in the areas of business support systems, operations support systems, cloud core, cloud communication, and cloud infrastructure, as well as consulting, learning, and testing services. The Managed Services segment offers networks and IT managed, network design and optimization, and application development and maintenance services to operators. The Emerging Business and Other segment consists of emerging businesses, including Internet of Things; iconectiv; Cradlepoint that provides wireless edge WAN 4G and 5G enterprise solutions; and Red Bee Media, MediaKind, and other new businesses. It operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
IPO Year:
Exchange: NASDAQ
Website: ericsson.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/31/2024 | Neutral → Sell | UBS | |
| 1/19/2024 | Equal Weight → Underweight | Barclays | |
| 12/8/2023 | Hold → Buy | Jefferies | |
| 11/30/2023 | $7.80 → $5.90 | Overweight → Neutral | JP Morgan |
| 2/7/2023 | Outperform → Mkt Perform | Raymond James | |
| 1/24/2023 | $6.60 → $4.90 | Neutral → Sell | Goldman |
| 1/10/2023 | Outperform → Neutral | Exane BNP Paribas | |
| 11/8/2022 | Equal-Weight | Morgan Stanley | |
| 10/24/2022 | $10.80 → $6.10 | Buy → Neutral | Goldman |
| 10/13/2022 | Overweight | Barclays |
STOCKHOLM, March 11, 2025 /PRNewswire/ -- On March 11, 2025, Ericsson (NASDAQ:ERIC) filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The Annual Report is available on Ericsson's website at https://www.ericsson.com/en/investors. Shareholders may request a hard copy of the Annual Report by contacting the company. NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson press releases hereSubscribe to Ericsson blog posts herehttps://twitter.com/ericssonhttps://www.facebook.com/ericssonhttps://www.linkedin.com/company/ericsson MORE INFORMATION AT:Ericsson [email protected] (+46 10 719 69 92)investor.
HOLMDEL, N.J., March 5, 2025 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), has announced an agreement with FREENOW, Europe's leading multi-mobility app with taxis at its core, to transform its customer communication strategy using Vonage Communications APIs. Leveraging Vonage's Messages API which includes support for RCS, WhatsApp, and SMS, along with Fraud Defender Advanced and Number Verification, FREENOW is implementing more robust and secure, branded communic
STOCKHOLM, March 5, 2025 /PRNewswire/ -- Malaysia's CelcomDigi Berhad today announced its new partnership with Aduna, a landmark venture between some of the world's leading telecom operators and Ericsson, dedicated to enabling developers worldwide to accelerate innovation by leveraging mobile networks to their full potential via common network Application Programming Interfaces (APIs). Through the collaboration, CelcomDigi is set to spur the adoption of common network APIs, empowering developers and enterprises with advanced, global-scale network capabilities. CelcomDigi will offer developers seamless access to enhanced network API solutions such as Number Verification and SIM Swap services
HOLMDEL, N.J., March 4, 2025 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), today announced an expanded collaboration with SAP to help bring agentic AI-driven experiences to enterprises worldwide. By combining Vonage's cutting-edge communications and network Application Programming Interfaces (APIs), SAP Business Technology Platform (SAP BTP) and SAP Business AI, the collaboration aims to create tangible impact through intelligent, next-generation applications seamlessly integrated into existing workflows and systems.
STOCKHOLM, March 1, 2025 /PRNewswire/ -- Aduna, a landmark venture between some of the world's leading telecom operators and Ericsson, is set to partner with Bridge Alliance to accelerate the adoption of CAMARA-based network Application Programming Interfaces (APIs). The partnership with Bridge Alliance marks another first for Aduna by expanding its global ecosystem through partner program agreements. As growing numbers of Bridge Alliance members embrace network APIs, the new agreement will form the basis for Aduna to work with Bridge Alliance members. In return, enterprise customers of Bridge Alliance members working with Aduna will be able to tap the benefits of Aduna's global reach and r
STOCKHOLM, Feb. 27, 2025 /PRNewswire/ -- Aduna, a landmark venture between some of the world's leading telecom operators and Ericsson (NASDAQ:ERIC), has announced a strategic partnership with Canada's EnStream LP, marking a comprehensive Canadian expansion of its network API ecosystem. The collaboration will enable seamless access to telecom network APIs from Bell, Rogers, and TELUS - Canada's three leading nationwide operators - empowering developers and enterprises worldwide to build and scale next-generation digital services with greater security and efficiency. EnStream, a joint venture between Bell, Rogers, and TELUS, has been instrumental in positioning Canada as a global leader in ne
Aduna will introduce Number Verification and SIM Swap APIs for launch in the United States, transforming security, fraud detection, and user experiences for developers and enterprises.STOCKHOLM, Feb. 27, 2025 /PRNewswire/ -- Aduna, a landmark venture among some of the world's leading telecom operators and Ericsson, today announced venture partners AT&T, T-Mobile and Verizon are set to deliver the first advanced network Application Programming Interfaces (API) for Number Verification and SIM Swap in the United States. This collaboration marks a significant milestone for the mobile ecosystem, uniting industry leaders to empower enterprises and developers with carrier-grade, standardized netwo
The Annual Report 2024 available for download and printed version available for orderThe Annual Report 2024 publication consists of Ericsson's Financial report 2024, the Corporate Governance report 2024, the Remuneration report 2024 and the Sustainability and Corporate Responsibility report 2024STOCKHOLM, Feb. 27, 2025 /PRNewswire/ -- The Ericsson (NASDAQ:ERIC) Annual Report 2024 in Swedish as well as an English translation are now available to download from the Ericsson website: www.ericsson.com/en/investors. Printed copies of the Annual Report 2024 will be available for order by filling in the form on this page: https://www.ericsson.com/en/investors/financial-reports/order-annual-report T
HOLMDEL, N.J., Feb. 27, 2025 /PRNewswire/ -- Vonage, a global leader in cloud communications and a part of Ericsson (NASDAQ:ERIC), has been named a Gold winner in both the 5G Networks and 5G Innovation of the Year categories at the Merit Awards for Telecom 2025. This recognition underscores Vonage's pivotal role in shaping the future of 5G technology through its innovative network APIs, which enable businesses to accelerate digital transformation across industries. With a global reach spanning over 200 countries and territories, and leveraging Ericsson's expansive telecommunic
Per Narvinger, currently Head of Business Area Cloud Software and Services, is appointed Executive Vice President and new Head of Business Area Networks as of March 15, 2025Jenny Lindqvist, currently Head of Market Area Europe & Latin America, is appointed new Head of Business Area Cloud Software and Services as of March 15, 2025Creation of two new Market Areas - Market Area Americas headed by Yossi Cohen and Market Area Europe, Middle East and Africa, headed by Patrick JohanssonFredrik Jejdling, currently Head of Business Area Networks, will step down from his position on March 15, 2025, and leave Ericsson on June 30, 2025STOCKHOLM, Feb. 25, 2025 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today
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UBS downgraded Ericsson from Neutral to Sell
Barclays downgraded Ericsson from Equal Weight to Underweight
Jefferies upgraded Ericsson from Hold to Buy
JP Morgan downgraded Ericsson from Overweight to Neutral and set a new price target of $5.90 from $7.80 previously
Raymond James downgraded Ericsson from Outperform to Mkt Perform
Goldman downgraded Ericsson from Neutral to Sell and set a new price target of $4.90 from $6.60 previously
Exane BNP Paribas downgraded Ericsson from Outperform to Neutral
Morgan Stanley initiated coverage of Ericsson with a rating of Equal-Weight
Goldman downgraded Ericsson from Buy to Neutral and set a new price target of $6.10 from $10.80 previously
Barclays initiated coverage of Ericsson with a rating of Overweight
Effective as of February 10, 2025Becomes member of Ericsson's Executive Team, reporting to the CEOSTOCKHOLM, Feb. 5, 2025 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces the appointment of Charlotte Levert as its new Chief People Officer, Senior Vice President, and Head of Group Function People. Charlotte Levert who is currently Vice President and Head of People Business Area Cloud and Software Services will replace MajBritt Arfert, whose departure Ericsson announced in October 2024. Charlotte Levert will take up her new position on February 10 and will be based in Sweden. Charlotte Levert has held executive positions within Ericsson across several business areas. She has most recent
The recently-launched venture between some of the world's largest telecom operators and Ericsson (NASDAQ:ERIC) announces the appointment of Anthony Bartolo as its Chief Executive Officer and the name of the new company - Aduna.STOCKHOLM, Jan. 8, 2025 /PRNewswire/ -- Today, the new venture dedicated to accelerating the global adoption and innovation of common network Application Programming Interfaces (APIs) announces Anthony Bartolo as its CEO. In parallel, the new venture also unveiled its company name – Aduna – derived from the Latin word for many entities uniting as one. Bartolo is a veteran tech executive with more than 30 years of experience scaling global businesses, driving new comme
Global mobile network data traffic projected to grow almost 200 percent between 2024 and the end of 20306.3 billion global 5G subscriptions forecast by the end of 2030 - of which 60 percent are expected to be 5G SAReport includes case studies from T-Mobile (U.S.A.), Elisa (Finland), and stc (KSA)STOCKHOLM, Nov. 26, 2024 /PRNewswire/ -- 5G Standalone (5G SA) and 5G Advanced are expected to be key focuses for communications service providers (CSPs) for the remainder of the decade as they deploy new capabilities to create offerings centered on value delivery rather than data volume. The analysis is included among a wealth of statistical network insights in the November 2024 edition of the Erics
Cloud communications leader with 30 years of experience driving operational excellence and scaling global businesses HOLMDEL, N.J., Oct. 16, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), today announced it has appointed Anthony Bartolo as Chief Operating Officer, effective immediately. Bartolo will report to Niklas Heuveldop, Vonage Chief Executive Officer and Head of Business Area Global Communications Platform for Ericsson. In this role, Bartolo will lead t
STOCKHOLM, Sept. 20, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces that Carolina Dybeck Happe has decided to resign from its Board of Directors. Dybeck Happe has served on Ericsson's Board since 2022. The announcement follows the September 12 appointment of Dybeck Happe to the position of Executive Vice President and Chief Operations Officer with Microsoft. Jan Carlson, Chair of the Board of Directors, says: "I'd like to thank Carolina for her service on our Board and for her contributions and commitment to Ericsson. Her expertise and insights are greatly appreciated and respected and I wish her all the best in her new role." Börje Ekholm, President and CEO of Ericsson, says:
One of the first contact center providers to join Salesforce pilot program as a premier provider for Service Cloud Voice, now with the ultimate omnichannel solution HOLMDEL, N.J., Sept. 18, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), is one of the first contact center providers to join Salesforce's Bring Your Own Channel for Contact Center as a Service (BYOC for CCaaS) pilot program. With BYOC for CCaaS, Vonage Premier for Salesforce Service Cloud Voice customers will have the ability to integrate Vonage omnichannel and AI-powered capabilities into their existing contact
Demonstrates KED's strategic focus on telecommunications software and data services WICHITA, Kan., Aug. 16, 2024 /PRNewswire/ -- Koch Equity Development LLC ("KED"), the principal investment and acquisition arm of Koch, Inc., today announced an agreement to acquire iconectiv, LLC, a telecommunications solutions leader, from Ericsson (NASDAQ:ERIC), the global supplier of mobile communication and connectivity solutions for service providers and enterprises, and affiliates of Francisco Partners, a leading technology investment firm. Under the agreement, iconectiv will become a
Effective as of August, 1, 2024Becomes member of Ericsson's Executive Team, reporting to the CEOSTOCKHOLM, July 2, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces the appointment of Patrick Johansson as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. Mr. Johansson who is currently Head of Business Control & Operations at Ericsson's Business Area Cloud Software & Services, will replace Fadi Pharaon whose decision to leave Ericsson was announced in May 2024. Mr. Johansson will take up his new position on August 1, 2024, and be based in Riyadh, Saudi Arabia. Patrick Johansson's background spans across multiple Business Areas and Market Areas havin
Global 5G leader to join Environment and Climate Change Canada's (ECCC) Net-Zero Challenge program aimed at reducing GHG emissions in cooperation with private sector companies.TORONTO, April 22, 2024 /CNW/ --Ericsson Canada (NASDAQ:ERIC) is proud to celebrate Earth Day today by announcing that it has joined Environment and Climate Change Canada's Net-Zero Challenge program. The Net-Zero Challenge is an initiative that aims to encourage businesses operating in Canada to develop and implement credible and effective plans to transition their facilities and operations to net-zero emissions by 2050. "As part of our commitment to advancing our climate action initiatives here in Canada and aroun
Effective as of May 1, 2024Becomes member of Ericsson's Executive Team, reporting to the CEOSTOCKHOLM, March 20, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces the appointment of Andres Vicente as its new Head of Market Area South East Asia, Oceania & India and Senior Vice President. Mr. Vicente who is currently Head of Ericsson's Customer Unit Iberia within Market Area Europe & Latin America, will replace Nunzio Mirtillo whose retirement was announced in October 2023. Mr. Vicente will take up his new position on May 1, 2024, and will be based in Singapore. Andres Vicente has extensive experience from the telecommunications industry and joined Ericsson in 2021. He has previousl
Non-cash impairment of SEK 11.4 billion to be recorded in the second quarter 2024, relating to the impairment of intangibles mainly attributed to the Vonage acquisitionReflects lower anticipated market growth in some of Vonage's current portfolioThe Ericsson strategy to build a new source of monetization for the telecom industry remains. Vonage is positioned at the center of digitalizing enterprises and society through the development of the Global Network Platform for network APIs; 12 partnerships with leading service providers have already been announced, with Singtel and Telstra added in Q2STOCKHOLM, July 3, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces that, in accordance w
STOCKHOLM, April 3, 2024 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson's (NASDAQ:ERIC) Annual General Meeting (AGM) was held today on April 3, 2024 in Kista, Stockholm. Shareholders were also able to exercise their voting rights by post before the meeting. Adoption of the Income Statements and the Balance Sheets The AGM resolved to adopt the Income Statement and the Balance Sheet for the Parent company as well as the Consolidated Income Statement and the Consolidated Balance Sheet for the Group for 2023. Dividend The proposed dividend of SEK 2.70 per share was approved by the AGM. The dividend will be paid in two equal installments: SEK 1.35 per share with the record date Friday, April 5,
STOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Fourth quarter highlights – Solid EBITA and cash flow in a challenged market Sales declined organically[1] by -17% YoY, driven by a -23% decline in Networks. Reported sales were down by -16% to SEK 71.9 b. Gross income excluding restructuring charges decreased to SEK 29.6 (35.7) b. Gross margin excluding restructuring charges was 41.1% (41.5%). Adjusted for the retroactive element in IPR revenues in Q4 2022 the gross margin increased YoY. Reported gross income was SEK 28.6 (35.6) b. with a gross margin of 39.8% (41.4%). EBITA excluding restructuring charges amounted to SEK 8.2 (9.3) b. with an EBITA margin of 11.4% (10.8%). EBIT excluding rest
Non-cash impairment of SEK 32 billion in the third quarter 2023, relating to the impairment of goodwill attributed to the Vonage acquisition.Vonage remains critical to the enterprise strategy and Ericsson's positive outlook on the potential of the Global Network Platform remains unchanged.Ericsson also announces highlights from the Q3 results with a group EBITA margin excluding restructuring charges of 7.3% which is in line with previous guidance.STOCKHOLM, Oct. 11, 2023 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announced that, in accordance with IFRS accounting requirements, it will record a non-cash impairment charge of SEK 32 billion in the third quarter of 2023. The impairment charge
BOISE, Idaho, April 04, 2023 (GLOBE NEWSWIRE) -- Cradlepoint, part of Ericsson (NASDAQ:ERIC), announced today that it has acquired Ericom Software and their advanced enterprise cloud security platform to solidify Cradlepoint's SASE and zero trust offerings for hybrid 5G and wireline environments. The Ericom acquisition is a key part of Cradlepoint's strategy of building a full-stack enterprise security service optimized for 5G. Ericom's zero trust and cloud-based security solutions will form the basis of the new Cradlepoint NetCloud Threat Defense cloud service, expanding the company's mobile-capable and router-integrated SASE and zero trust portfolio of solutions for fixed-site, remote w
STOCKHOLM, March 29, 2023 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson's (NASDAQ:ERIC) Annual General Meeting (AGM) was held today on March 29, 2023 in Kista, Stockholm. Shareholders were also able to exercise their voting rights by post before the meeting. Adoption of the Profit and Loss Statements and the Balance Sheets The AGM resolved to adopt the Profit and Loss Statement and the Balance Sheet for the Parent company as well as the Consolidated Profit and Loss Statement and the Consolidated Balance Sheet for the Group for 2022. Dividend The proposed dividend of SEK 2.70 per share was approved by the AGM. The dividend will be paid in two equal installments: SEK 1.35 per share with the
STOCKHOLM, Jan. 20, 2023 /PRNewswire/ -- Fourth quarter highlights The quarter was impacted by an IPR agreement resulting in total IPR revenues of SEK 6.0 (2.4) b. and previously announced charges of SEK -4.0 b., including DOJ provision, IoT divestment and Cloud Software and Services contract and portfolio exits.Group organic sales[1] grew by 1% YoY., of which IPR revenues contributed with 5 percentage points. Reported sales were SEK 86.0 (71.3) b. of which Vonage contributed SEK 4.1 b. Gross income increased to SEK 35.6 (30.8) b., while gross margin decreased to 41.4% (43.2%) primarily due to business mix change in Networks and previously announced charges for contract exits and portfolio
Committed to reaching lower end of long-term target of 15-18% EBITA margin and generating Free Cash Flow before M&A of 9%-12% of sales by 2024 Acceleration of initiatives to reduce costs by SEK 9 b. (around USD 0.9 b) by end of 2023In addition to the recently signed agreement, IPR revenues expected to grow significantly from further licensing agreementsCommitted to executing on Enterprise strategy and transitioning into a platform company with significantly expanded total addressable marketSegment Networks expected to continue to grow market share and gross income by leveraging technology leadershipSegment Cloud Software & Services accelerating its turnaround with target to reach break-even
STOCKHOLM, Oct. 25, 2022 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) has the pleasure of inviting investors, financial analysts and media representatives to its Capital Markets Day on December 15, 2022. The Capital Markets Day will be held as a physical event in New York and the presentations will also be broadcast live with the opportunity to join Q&A sessions through conference call. The event will feature President and CEO Börje Ekholm together with CFO Carl Mellander, as well as other members of the Executive Management Team. Agenda in short: · 8:00 AM EST: Registration and breakfast · 9:00 AM to 3:00 PM EST: Presentations and Q&A · 3:00 PM EST: Holiday
Ericsson has published restated segment financials for 2020 full year, 2021 by quarter and 2022 Q1 and Q2 following the changed reporting structure as of Q3 2022Conference call with CFO Carl Mellander for financial analysts, investors and journalists at 3:00 PM CEST, September 20, 2022STOCKHOLM, Sept. 20, 2022 /PRNewswire/ -- As announced in May 2022, Ericsson (NASDAQ:ERIC) will start to report financials according to its new segment structure as of the third quarter 2022. To facilitate year-on-year comparisons, Ericsson today publishes the restated segment financials for 2020 full year; 2021 by quarter and 2022 Q1 and Q2. The four reported segments are: Networks – including Radio Access Net