Telefonaktiebolaget LM Ericsson (publ) (ERIC) Research

Telefonaktiebolaget LM Ericsson (publ), along with its various subsidiaries, operates as a global supplier of communication infrastructure, software, and service solutions, primarily serving the telecommunications industry and other diverse sectors. The company's business is organized into four distinct segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks division focuses on delivering cutting-edge radio access network (RAN) solutions for a wide array of network spectrums, encompassing robust integrated hardware and software, complete antenna and transport systems, and a full spectrum of services for network setup and ongoing maintenance. Digital Services provides advanced software-driven solutions for critical functions like business support systems (BSS), operational support systems (OSS), communication platforms, core network architecture, and cloud infrastructure. The Managed Services segment offers telecom operators an extensive range of provisions, including comprehensive network and IT management, network design and optimization, and application development and maintenance. Finally, the Emerging Business and Other segment encompasses innovative ventures such as Internet of Things (IoT) technologies, iconectiv, Cradlepoint (known for its wireless edge WAN 4G and 5G enterprise solutions), Red Bee Media, MediaKind, and other developing enterprises. Established in 1876 and based in Stockholm, Sweden, Ericsson maintains a substantial worldwide footprint, with operations spanning North America, Europe and Latin America, the Middle East and Africa, Southeast Asia, Oceania, India, Northeast Asia, and numerous other international markets.

Market snapshot

Symbol
ERIC
Price
$11.38
Day change
-0.09%
Market cap
$364.8B
P/E ratio
14.56x
52-week range
7.16-13.77
Sector
Technology
Industry
Communication Equipment
Next earnings
in 24 days
Analyst price target
$6.94

Recent news

  • Ericsson CEO Ekholm to Step Down, Company Veteran Narvinger Named Successor

    The telecommunications-equipment manufacturer said Borje Ekholm had decided to step down after more than nine years at the helm.

Peer companies

  • ASE Technology Holding Co., Ltd. (ASX)
  • Ciena Corporation (CIEN)
  • Credo Technology Group Holding Ltd (CRDO)
  • Cognizant Technology Solutions Corporation (CTSH)
  • Fiserv, Inc. (FI)
  • Hewlett Packard Enterprise Company (HPE)
  • Keysight Technologies, Inc. (KEYS)
  • Microchip Technology Incorporated (MCHP)

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