17-Apr-2024
Ericsson Q1 2024: Margin Growth Amid Sales Dip
TipRanks (Wed, 17-Apr 10:57 AM ET)
TipRanks (Wed, 17-Apr 10:40 AM ET)
Nex-Tech Wireless partners with Ericsson to Keep Kansans Connected with innovative technologies
PRNewswire (Wed, 17-Apr 9:00 AM ET)
Benzinga (Tue, 16-Apr 2:17 PM ET)
Benzinga (Tue, 16-Apr 10:15 AM ET)
Biggest stock movers today: TSLA, UNH, ERIC, LYV, and more
Seeking Alpha News (Tue, 16-Apr 9:50 AM ET)
Biggest stock movers today: UNH, ERIC, LYV, and more
Seeking Alpha News (Tue, 16-Apr 7:41 AM ET)
Telefonaktiebolaget LM Ericsson declares SEK 1.35 dividend
Seeking Alpha News (Tue, 16-Apr 7:25 AM ET)
Options Volatility and Implied Earnings Moves Today, April 16, 2024
TipRanks (Tue, 16-Apr 7:05 AM ET)
Why Ericsson Shares Are Higher Premarket Tuesday
Benzinga (Tue, 16-Apr 6:00 AM ET)
Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.
Telefonaktiebolaget L M trades on the NASDAQ stock market under the symbol ERIC.
As of April 17, 2024, ERIC stock price climbed to $4.93 with 25,217,312 million shares trading.
ERIC has a beta of 1.14, meaning it tends to be more sensitive to market movements. ERIC has a correlation of 0.18 to the broad based SPY ETF.
ERIC has a market cap of $16.42 billion. This is considered a Large Cap stock.
Last quarter Telefonaktiebolaget L M reported $5 billion in Revenue and $.07 earnings per share. This fell short of revenue expectation by $-209 million and exceeded earnings estimates by $.02.
In the last 3 years, ERIC stock traded as high as $14.39 and as low as $4.33.
The top ETF exchange traded funds that ERIC belongs to (by Net Assets): FIVG, TDIV, AIQ, FTLS, AVDE.
ERIC has underperformed the market in the last year with a price return of -13.1% while the SPY ETF gained +23.0%. ERIC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.1% and -5.4%, respectively, while the SPY returned +5.7% and -3.5%, respectively.
ERIC support price is $4.79 and resistance is $4.97 (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 stock will trade within this expected range on the day.