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 |
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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.
BOISE, Idaho, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Cradlepoint, part of Ericsson, the global leader in cloud-delivered 5G and LTE wireless network and security solutions, today announced that Wyoming Highway Patrol (WHP) is leveraging Cradlepoint dual-modem routers and NetCloud Manager to provide in-vehicle cellular connectivity for its state-wide fleet. In addition, the Cradlepoint solutions enable WHP to provide reliable failover connectivity to satellite for its command bus, which is used as a mobile headquarters by multiple agencies for major incident response across the state. WHP and other first-responder agencies need constant communication on the roads and frontlines to protect t
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
iconectiv is a US subsidiary of Ericsson acquired in 2012, and a provider of network number portability solutions and data exchange servicesThe divestment will allow iconectiv to continue its growth trajectory under the new ownership of Koch Equity Development LLCSTOCKHOLM, Aug. 16, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) announces that it has entered into a binding agreement with Koch Equity Development LLC in relation to the sale of iconectiv (the "Transaction"). Ericsson's cash benefit from the Transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately SEK 10.6 billion [1] (USD 1.0 billion). Ericsson expects to
PLANO, Texas, Aug. 6, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announced a landmark collaboration with NRTC, Southern Linc, and Anterix (NASDAQ:ATEX) to deliver cutting-edge private network solutions to electric cooperatives (co-ops) of all sizes and service terrains across the United States. This strategic partnership aims to provide reliable, resilient, and secure network infrastructure, empowering co-ops to meet the challenges of modernizing the grid infrastructure and ensuring uninterrupted service delivery to communities nationwide. "Our collaboration with NRTC,
Ericsson and UScellular are collaborating to enhance 5G transport infrastructure and reliable 5G networks in rural communities across the U.S.Local economies will receive a boost by the enablement of modern digitalization services as part of mid-band deployment that started in 2023, continues in 2024 and beyondPLANO, Texas, Aug. 5, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) and UScellular (NYSE:USM) today announced an infrastructure upgrade, leveraging Ericsson's existing Router 6000 portfolio along with the newly announced Router 6671, aimed at closing the digital divide in rural America through bolstering 5G transport infrastructure and enhancing high-speed internet access.
AI-powered platform drives better management of voice connectivity and deeper, smarter voice engagement HOLMDEL, N.J., July 25, 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 intelligent SIP capabilities for SIP Trunking customers. With just a few clicks, developers and enterprises can easily deploy elastic SIP trunks globally, and access rich, AI-powered voice engagement solutions via pre-built code and low-code/no-code applications.
Multi-year global cross license covering cellular technology, including 5GRoyalty payments from OPPO to EricssonBusiness cooperation on 5G related projects such as device testing and customer engagementsSTOCKHOLM, July 15, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and OPPO have signed a multi-year global patent cross license agreement. This agreement includes a cross license covering patents essential to standards for cellular technologies, including 5G. OPPO, a leading smartphone vendor with sales in global markets, and significant presence in developing countries, will make royalty payments to Ericsson. In addition to a cross license, OPPO and Ericsson will conduct business cooperation
STOCKHOLM, July 12, 2024 /PRNewswire/ -- Strategic highlights – taking proactive action in a challenging market environment Delivering on network technology leadership strategy; externally recognized as 5G leader for 4th consecutive year. Further progress to build out Global Network Platform for network APIs; two additional partnerships in Q2. New 5G patent licensing agreement signed; on track to deliver the SEK 12-13 b. IPR revenue target for 2024. Financial highlights – strong gross margin expansion, partly offset by targeted R&D investments Sales declined -7%* YoY, but market area North America grew by 14%*. Reported sales were SEK 59.8 (64.4) b. Adjusted[1] gross income increased
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
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
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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
New entity named Ericsson Federal Technologies Group (EFTG) dedicated to accelerating digital modernization across multiple U.S. Government, state and federal agencies Ericsson meets U.S. Government requirements for 5G networks, including support for open interfaces and equipment Made in the USA* Newly appointed Chief Executive Officer, Christopher Ling, has extensive experience in growing federal and commercial businesses in advanced technologiesSTOCKHOLM, March 19, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today established Ericsson Federal Technologies Group (EFTG), a new entity dedicated to delivering 5G-driven digital transformation across multiple agencies in the U.S. fede
Becky Rohr, currently Head of Corporate & Government Investigations, will become the new Chief Compliance OfficerJan Sprafke will leave Ericsson to pursue other opportunitiesSTOCKHOLM, March 5, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces that Rebecca (Becky) Rohr, currently Head of Corporate and Government Investigations, will become Chief Compliance Officer and will oversee the Compliance team as well as the Investigations office, bringing both functions under a single leader. Ms. Rohr has been with Ericsson since 2022 and she has been a key leader in driving the cultural transformation of the organization. She will continue to report to Scott Dresser, Group Chief Legal Offi
Vonage will collaborate with Telkomsel to expand the power of network APIs for developers, enterprises, and Communications Service Providers (CSPs). This collaboration is formalized with the signing of a Strategic Partnership Agreement (SPA), coinciding with Mobile World Congress (MWC) 2024 in Barcelona, Spain. By combining Telkomsel's leading network and API capabilities with Vonage's communications and network APIs, developers are enabled to build advanced, secure, and reliable applications, while driving the acceleration of an open innovation ecosystem through the delivery of new services and solutions.HOLMDEL, N.J., March 5, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communica
Effective as of February 26, 2024 Becomes member of Ericsson's Executive Team, reporting to the CEOSTOCKHOLM, Jan. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces the appointment of Chafic Nassif as its new Head of Market Area North East Asia and Senior Vice President. Mr. Nassif who is currently Head of Ericsson's Customer Unit Latin America North within Market Area Europe & Latin America, will replace Chris Houghton who was appointed Chief Operating Officer of Ericsson in November 2023. Mr. Nassif will take up his new position on February 26, 2024, and will be based in Japan. Chafic Nassif has held several executive and management positions within Ericsson across various
Niklas Heuveldop, currently Head of Market Area North America, is appointed new Head of Business Area Global Communications Platform and CEO of Vonage as of February 1, 2024Yossi Cohen, currently Head of Strategy, Technology, Marketing and Business Development within Market Area North America, is appointed Senior Vice President and Head of Market Area North America as of February 1, 2024Rory Read, currently Head of Business Area Global Communications Platform and CEO of Vonage, has decided to step down from his positions on February 1, 2024, and leave Ericsson at the end of the first quarter of 2024STOCKHOLM, Jan. 24, 2024 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) today announces the appointmen
Effective as of April 1, 2024Member of Ericsson's Executive Team, reporting to the CEOSTOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Lars Sandström as its new Chief Financial Officer, Senior Vice President, and Head of Group Function Finance. Mr. Sandström will replace Carl Mellander, whose departure Ericsson announced in April 2023. Mr. Sandström will join Ericsson on April 1, 2024, and will be based in Sweden. Lars Sandström is currently Chief Financial Officer and member of the executive team at Getinge - a listed global leader within Medtech. Mr. Sandström has been with Getinge since 2017 and holds a Master of Science in Business Admi
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
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
Shares of ASP Isotopes Inc. (NASDAQ:ASPI) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million shares at $2.50 per share. ASP Isotopes shares fell 9.2% to $3.2308 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Vicinity Motor Corp. (NASDAQ:VEV) shares jumped 133.2% to $0.7910 after the company announced CARB certification for the VMC 1200 class 3 electric truck. Qualigen Therapeutics, Inc. (NASDAQ:QLGN) shares rose 110% to $0.4335. TOYO Co., Ltd (NASDAQ:TOYO) climbed 63.4% to $2.5322. Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) jumped 58% to $9.52 foll
U.S. stocks were higher, with the Nasdaq Composite index gaining around 100 points on Friday. Shares of The Bank of New York Mellon Corporation (NYSE:BK) rose during Friday's session following better-than-expected quarterly financial results. The finance behemoth reported second-quarter adjusted earnings per share of $1.51, beating the street view of $1.43. Quarterly revenue of $4.597 billion, an increase of 2% year-over-year, surpassed the analyst consensus of $4.523 billion, according to data from Benzinga Pro. Bank of New York Mellon shares surged 4.3% to $64.12 on Friday. Here are some other big stocks recording gains in today’s session. Lucid Group, Inc. (NASDAQ:LCID) sh
Ericsson (NASDAQ:ERIC) reported second-quarter fiscal 2024 results. The stock price climbed after the print. Sales declined 7% year-over-year to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus estimate of $5.363 billion. The sales decline was due to an 11% decrease in Networks. Group organic sales declined by 7% Y/Y. Organic sales were stable in Cloud Software and Services and Enterprise. Adjusted gross margin improved to 43.9% from 38.3% Y/Y, driven primarily by improved gross margin in Networks. Adjusted EBIT margin was (19.9)% versus 4.4% Y/Y due to a non-cash impairment loss relating to the Vonage acquisition. Adjusted EBITA margin impro
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter sales and issued guidance. Ericsson reported a second-quarter loss of 31 cents per share, compared to year-ago earnings of 7 cents per share. The company reported quarterly sales of $5.59 billion which beat the analyst consensus estimate of $5.36 billion, according to data from Benzinga Pro. Ericsson shares jumped 4.3% to $6.66 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Sentage Holdings Inc. (NASDAQ:SNTG) rose 85.6% to $4.27 in pre-market trading after gaining around 5% on
Börje Ekholm, President and CEO, said: "In Q2, we maintained our leading market position, returned to growth in North America, and delivered strong gross margin expansion and free cash flow. We remained focused on matters in our control, to optimize our business amid a challenging market environment, with industry investment levels unsustainably low. Vonage remains foundational to build out a global platform for network APIs. This is critical for the digitalization of enterprises and society, and will drive future growth in the telecoms industry. We recorded an impairment charge in Q2, as market growth in the current business has slowed, and we must now refocus on improving performance.
Adj. gross margin Networks Amortization intangible assets Restructuring charges © Telefonaktiebolaget LM Ericsson 2024 | Second quarter report 2024 | July 12, 2024 Average seasonality between Q2 and Q3 last 3 years: +1% Average seasonality between Q2 and Q3 last 3 years: +4% Adjusted gross margin in Q3 is expected to be in the range of 45-47%