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 |
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)
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
SC 13D - ERICSSON LM TELEPHONE CO (0000717826) (Subject)
SC 13G - ERICSSON LM TELEPHONE CO (0000717826) (Subject)
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
Vonage RCS to redefine businesses communications, creating secure, memorable customer engagement experiences HOLMDEL, N.J., Sept. 16, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), has announced the launch of Vonage RCS (Rich Communications Services) through the Vonage Messages API and as a low-code turnkey option. Vonage RCS is a new business messaging solution set to revolutionize how brands interact with customers by offering rich, engaging, secure and verified real-time communications capabilities on their preferred channels.
Landmark agreement to accelerate adoption and innovation of network APIs includes a newly formed company that will drive new monetization opportunities for the industry.STOCKHOLM, Sept. 12, 2024 /PRNewswire/ -- Today, some of the world's largest telecom operators, including América Móvil, AT&T, Bharti Airtel, Deutsche Telekom, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon and Vodafone, together with Ericsson (NASDAQ:ERIC) are announcing a new venture to combine and sell network Application Programming Interfaces (APIs) on a global scale to spur innovation in digital services. Network APIs are the way to easily access, use and pay for network capabilities. The venture
Bringing together Vonage's network APIs and SAP Business AI, the new collaboration aims to revolutionize enterprise intelligence, offering compelling business insights and immersive digital experiences HOLMDEL, N.J., Sept. 10, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), today announced a new collaboration with SAP SE focused on exploring generative AI and NextGen use cases using Vonage's Application Programming Interface (API) platform and SAP Business AI.
UBS downgraded Ericsson from Neutral to Sell
Barclays downgraded Ericsson from Equal Weight to Underweight
Jefferies upgraded Ericsson from Hold to Buy