Ericsson downgraded by Goldman with a new price target
$ERIC
Radio And Television Broadcasting And Communications Equipment
Technology
Goldman downgraded Ericsson from Neutral to Sell and set a new price target of $4.90 from $6.60 previously
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| 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 |
JP Morgan analyst Sandeep Deshpande maintains Telefonaktiebolaget L M (NASDAQ:ERIC) with a Neutral and raises the price target from $5.58 to $5.9.
Ericsson (NASDAQ:ERIC) inked a multi-year global patent cross-license agreement with OPPO. This agreement involves a cross-license for essential patents in cellular technologies, including 5G standards, and OPPO will pay royalties to Ericsson. The financial terms were not disclosed. OPPO and Ericsson will collaborate on various 5G-related initiatives, including device testing, customer engagements, and marketing, in addition to their cross-licensing agreement. This agreement follows global standards where companies using 3GPP cellular technologies like 5G must license patents to avoid infringement and compensate patent holders for their R&D investments. Christina Petersson, Chief
Multi-year global cross license covering cellular technology, including 5G Royalty payments from OPPO to Ericsson Business cooperation on 5G related projects such as device testing and customer engagements
UBS downgraded Ericsson from Neutral to Sell
Barclays downgraded Ericsson from Equal Weight to Underweight
Jefferies upgraded Ericsson from Hold to Buy
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
6-K - ERICSSON LM TELEPHONE CO (0000717826) (Filer)
6-K - ERICSSON LM TELEPHONE CO (0000717826) (Filer)
6-K - ERICSSON LM TELEPHONE CO (0000717826) (Filer)
SC 13D - ERICSSON LM TELEPHONE CO (0000717826) (Subject)
SC 13G - ERICSSON LM TELEPHONE CO (0000717826) (Subject)
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
U.S.-based Research by Vonage explores consumer sentiment around AI for customer support, highlighting perceived benefits and lingering concerns HOLMDEL, N.J., Nov. 21, 2024 /PRNewswire/ -- Improved efficiency and personalized support experiences are driving increased consumer acceptance and satisfaction of AI in customer service interactions, according to a new regional survey by Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC). These findings demonstrate consumers have grown except
High-performing programmable networks empower communications service providers (CSPs) to steer network behavior, aligning it with diverse business goals for optimal outcomesSeven new 5G Advanced software products for high-performing programmable networks will substantially increase revenue, elevate user experience, and improve operational efficiency5G Advanced strengthens radio access network (RAN) software portfolio with transformative technologies such as AI-powered RAN, intent-driven networks and Service-aware RANSTOCKHOLM, Oct. 31, 2024 /PRNewswire/ -- After building out 5G networks, communications service providers (CSPs) are ready to further harness the benefits of this technology. Tod
STOCKHOLM, Oct. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces that MajBritt Arfert, the Company's Chief People Officer, will step down at the end of May, 2025. Mrs. Arfert has been with Ericsson for over 38 years and has been a member of its Executive Team the since autumn of 2016. A recruitment process will be initiated to appoint a successor. Börje Ekholm, President and CEO, comments: "MajBritt has been a valued member of the Executive Team for almost eight years and has been instrumental to where we are today as a company. We have come to an agreement that this is a good time for a change, as we are entering the next chapter of Ericsson's strategy. With her dedicated l