The Latest Breaking News from ERIC

Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC)  reported a first-quarter FY22 sales growth of 11% year-on-year to SEK 55.1 billion. Group organic sales grew by 3% Y/Y, driven by Networks in North America, Europe, and Latin America.  Organic sales in Networks rose 4% Y/Y, and Digital Services sales down by 2% Y/Y. It reported an…

Skyrocketing inflation, rising interest rates, and a geopolitical crisis caused by Russia’s invasion of Ukraine, have triggered massive selloffs in the technology sector. However, these conditions represent a great opportunity to buy stocks on their price dips. So, we think it could be wise to invest in financially solid tech…

Why buying beaten down stocks like ERIC and selling expensive call options in a covered call trade will outperform with less risk.

The increasing economic sanctions on Russia and consequent surge in oil prices and supply-chain disruptions will surely keep the stock market under pressure. Therefore, we think it could be wise to buy the price dip in quality large-cap stocks Regeneron Pharmaceuticals (REGN), Telefonaktiebolaget LM Ericsson (ERIC), and PPG Industries (PPG)…

Europe's leading activist investor Cevian AB pressed Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to amend its articles to give its Class A shareholders the power to convert their shares into Class B shares, Bloomberg reports. Class A shareholders carry ten times Class B's voting power per share, notes Bloomberg. Cevian holds ~5% of Ericsson's Class…

The U.S. Department of Justice admitted that Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC) failed to make adequate disclosures about its operations in Iraq before entering a deferred prosecution agreement in 2019 Bloomberg reports. The DOJ also determined that Ericsson breached the agreement by "failing to make subsequent disclosure" after signing it.  Ericsson's dealings in Iraq came…

The 5G industry is gaining significant investor attention thanks to rapid digitization and the continuation of hybrid working structures. Given the industry’s solid growth prospects, Wall Street analysts expect quality 5G stocks Marvell (MRVL), Telefonaktiebolaget (ERIC), and Silicon (SLAB) to rally by more than 35% in price in the coming…

Citi analyst Andrew Gardiner downgraded Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to Neutral from Buy, calling the company "uninvestable." The re-rating followed the report of alleged "tens of millions of dollars in suspicious payments" by the telecom company to ISIS over nearly a decade to keep its business in Iraq. Related Content:…

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) may have made payments to the ISIS terror organization to gain access to specific transport routes in Iraq, Bloomberg reports as per CEO Borje Ekholm’s statement to a newspaper Dagens Industri. Ericsson had identified “unusual expenses dating back to 2018” and was yet to determine the final recipient of…

Some on the far right are spreading disinformation against one of the best ways states have to make sure voter records are accurate.

The interest rate-sensitive Nasdaq Composite experienced a sell-off last month on concerns over the potential for several interest rate hikes this year. However, large-cap tech stocks VMware (VMW), Telefonaktiebolaget LM Ericsson (ERIC), Corning (GLW), Fair Isaac (FICO), and Citrix Systems (CTXS) dodged the market volatility and outperformed the index last…