ERIC - Telefonaktiebolaget LM Ericsson (publ)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
5.20
+0.07 (+1.27%)
As of 09:47AM EDT. Market open.
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Previous Close5.13
Open5.15
Bid5.17 x 41800
Ask5.18 x 1000
Day's Range5.16 - 5.20
52 Week Range5.10 - 8.32
Volume523,466
Avg. Volume9,360,453
Market Cap17.371B
Beta (5Y Monthly)0.27
PE Ratio (TTM)10.82
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.24 (4.69%)
Ex-Dividend DateMar 30, 2023
1y Target EstN/A
  • Zacks

    Ericsson (ERIC) Partners With Intel to Augment 5G in Thailand

    Ericsson (ERIC) collaborated with Intel to accelerate seamless 5G adoption, develop various 5G applications to support enterprises and expedite digital transformation in Thailand.

  • Zacks

    Ericsson (ERIC) Teams Up With MediaTek to Boost 5G Upload Speed

    Ericsson (ERIC) partnered with MediaTek to demonstrate a record 5G upload speed of 440 Mbps leveraging RAN Compute Baseband 6648 and a mobile device equipped with MediaTek 5G smartphone chipset.

  • Reuters

    UPDATE 1-Tipster on Ericsson won SEC's largest ever whistleblower award of $279 mln -WSJ

    The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. The SEC declined to comment, while Ericsson did not immediately respond to Reuters requests for comment. The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules.

  • Reuters

    Tipster on Ericsson won SEC's largest ever whistleblower award of $279 million -WSJ

    The SEC declined to comment, while Ericsson did not immediately respond to Reuters requests for comment. The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules. Ericsson in 2019 agreed to pay more than $1 billion to resolve probes into corruption, including the bribing of government officials in countries including China, Vietnam and Djibouti.

  • Reuters

    Tipster on Ericsson won SEC's largest ever whistleblower award of $279 mln -WSJ

    The record $279 million whistleblower award issued by the Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. Both the SEC and Ericsson did not immediately respond to Reuters requests for comment. The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules.

  • Reuters

    UPDATE 1-Ericsson beats US shareholder lawsuit over graft disclosures

    Swedish telecoms company Ericsson beat a lawsuit by U.S. shareholders on Wednesday, when a federal judge ruled it did not mislead investors about its compliance with U.S. anti-bribery laws. The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ). U.S. District Judge William Kuntz in Brooklyn, New York, wrote that Ericsson had issued "ubiquitous warnings" to investors raising "the possibility of future compliance failures" after the agreement.

  • Reuters

    Ericsson beats US shareholder lawsuit over graft disclosures

    The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ). U.S. District Judge William Kuntz in Brooklyn, New York, wrote that Ericsson had issued "ubiquitous warnings" to investors raising "the possibility of future compliance failures" after the agreement.

  • Reuters

    Ericsson beats U.S. shareholder lawsuit over bribery disclosures

    Swedish telecoms company Ericsson beat a lawsuit by U.S. shareholders on Wednesday, when a federal judge ruled it did not mislead investors about its compliance with U.S. anti-bribery laws. The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ).

  • Zacks

    Ericsson (ERIC) to Boost DNB's Cybersecurity Applications

    Digital Nasional Berhad selected Ericsson's (ERIC) Security solution to boost the cyber defense of its 5G network with automated security management.

  • Reuters

    UPDATE 2-India boosts Ericsson's quarterly profit as US dials down

    Sweden's Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The sales growth in the quarter was mainly from fiercely price competitive markets such as India rather than high-margin markets like the U.S. "India is strong and a good example where our sales are up five times," Chief Financial Officer Carl Mellander said in an interview.

  • Reuters

    India boosts Ericsson's quarterly profit as US dials down

    STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The sales growth in the quarter was mainly from fiercely price competitive markets such as India rather than high-margin markets like the U.S. "India is strong and a good example where our sales are up five times," Chief Financial Officer Carl Mellander said in an interview.

  • Zacks

    Will Top-Line Growth Aid Ericsson's (ERIC) Earnings in Q1?

    Ericsson (ERIC) is witnessing positive demand trends backed by its comprehensive 5G product portfolio. The company is expected to record higher revenues year over year.

  • The Canadian Press

    Ottawa to support Ericsson Canada on $470 million project to develop faster networks

    OTTAWA — The federal government is partnering with wireless networking technology company Ericsson Canada to invest more than $470 million in a project that aims to push research and development toward creating 5G and 6G networks. Prime Minister Justin Trudeau made the announcement today alongside Industry Minister François-Philippe Champagne in Ottawa. The project is supposed to create and provide training for hundreds of jobs in Ottawa and Montreal, while establishing Canada as one of Ericsson

  • Zacks

    Ericsson (ERIC) Deploys Advanced 5G Network Slicing in Taiwan

    Ericsson (ERIC) collaborated with Far EasTone Telecommunications (FET) and TVBS to deploy advanced 5G network slicing technology for live streaming of the Wan Jin Shi Marathon event.

  • Zacks

    Ericsson's (ERIC) Cradlepoint Buys Ericom to Boost SASE Bouquet

    The acquisition will strengthen Ericsson's (ERIC) market position as a leading mobile infrastructure provider and establish a focused enterprise business.

  • Zacks

    Ericsson (ERIC), Intel Partner for Malaysia 5G Proliferation

    Ericsson (ERIC) and Intel intend to work in unison to develop 5G use cases in sectors such as manufacturing, transport and logistics.

  • Reuters

    Ericsson's board rebuked by shareholders at AGM for second year in a row

    Under Swedish law, if board members are not discharged of their liabilities for the previous year by shareholders owning at least 10% of the stock they can be sued by the company and its investors. Shareholders are upset with the company's perceived mishandling of alleged bribery cases. Ericsson was fined 207 million dollars earlier this year by the U.S. authorities for not properly disclosing that a 2019 investigation had found the company may have paid bribes to militant organisations in Iraq.

  • Zacks

    Ericsson (ERIC) Sets Up Quantum Research Hub in Canada

    Ericsson's (ERIC) quantum research hub is likely to provide the perfect test bed for academic challenges with requisite networking competence and facilities to conduct advanced research.

  • Zacks

    Ericsson (ERIC) Solution to Aid UK Network Modernization

    Ericsson (ERIC) will offer its industry-leading 4G and 5G Radio Access Network (RAN) technology to Virgin Media O2 to accelerate network modernization in the United Kingdom.

  • Zacks

    Ericsson (ERIC) to Pay $206M Fine for Corruption Violations

    The recent fine pertains to the charges that Ericsson (ERIC) has failed to "truthfully disclose" all information and evidence in the Djibouti and China cases and in other potential bribery or accounting violations.

  • Reuters

    Ericsson CEO targets smaller acquisitions, talks up enterprise offering

    Ericsson's CEO says the company is still in the market for more acquisitions, albeit smaller ones, after splurging over $7 billion to buy networking company Cradlepoint and communication platform Vonage. In contrast with Nokia, which announced a new strategy focused on enterprise, Ericsson expects to continue to focus on its business of selling to communications service providers (CSPs) or telecom operators along with adding to its enterprise offerings. While the global enterprise business, which revolves around private 5G and automating factories, has yet to grow significantly, it has been a melting pot of partnerships between equipment makers, mobile operators and big technology companies.

  • Evening Standard

    Telecoms giant Ericsson to lay off 8,500 staff

    Telecoms giant Ericsson is to lay off 8,500 staff in a bid to slash costs. The Swedish maker of 5G networks notified staff of the measures in an internal company memo this week, according to reports by the Reuters news agency. Ericsson said the majority of the cuts would take place in the first half of 2023, but more would follow in 2024.

  • Reuters

    UPDATE 2-Ericsson to lay off 8,500 employees -memo

    Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the telecoms industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo.

  • Reuters

    Ericsson to lay off 8,500 employees -memo

    STOCKHOLM (Reuters) -Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the telecoms industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo.

  • Reuters

    UPDATE 1-Ericsson to cut 1,400 jobs in Sweden

    Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. Ericsson last made deep cuts in 2017 when it laid off thousands of employees and focused on research to pull the company out of losses. The company was negotiating with its employee union in Sweden for months on how to handle cost cuts.