ERIC Stock Summary and Trading Ideas (Telefonaktiebolaget L M | NASDAQ:ERIC)

Ericsson provides telecom equipment and services that are primarily used to build and operate mobile networks. The firm divides its business into three segments: networks, cloud and software services, and enterprise. Wireless carriers have traditionally been the firm's primary customers, but it is pushing to cater more to enterprises as well, as both try to take advantage of 5G capabilities and utilize "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers.

Telefonaktiebolaget L M trades on the NASDAQ stock market under the symbol ERIC.

As of March 24, 2026, ERIC stock price climbed to $11.46 with 7,992,970 million shares trading.

ERIC has a beta of 0.76, meaning it tends to be less sensitive to market movements. ERIC has a correlation of 0.18 to the broad based SPY ETF.

ERIC has a market cap of $38.19 billion. This is considered a Large Cap stock.

Last quarter Telefonaktiebolaget L M reported $7 billion in Revenue and $.27 earnings per share. This beat revenue expectation by $337 million and exceeded earnings estimates by $.04.

In the last 3 years, ERIC traded as high as $12.12 and as low as $4.33.

The top ETF exchange traded funds that ERIC belongs to (by Net Assets): AIQ, AVDE, SIXG, TDIV, GMOI.

ERIC has outperformed the market in the last year with a price return of +43.4% while the SPY ETF gained +17.1%. ERIC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.4% and +1.1%, respectively, while the SPY returned -4.8% and -3.4%, respectively.

ERIC support price is $11.04 and resistance is $11.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERIC shares will trade within this expected range on the day.