The Latest Breaking News from ERIC

Amid the macroeconomic headwinds, the heightened investor concerns have triggered a broad sell-off, dragging down prices of several quality stocks. Fundamentally sound stocks Telefonaktiebolaget (ERIC), Pitney Bowes (PBI), and Telefónica (TEF), which are currently trading at significant discounts to their peers, could be solid investments now. Read on….

Concerns over the Fed’s aggressive monetary tightening have led to the stock market witnessing a massive correction over the past couple of months. This has led to some quality stocks, Telefonaktiebolaget LM Ericsson (ERIC), Fujitsu Limited (FJTSY), and Mitsubishi Chemical Holdings (MTLHY), losing more than 25% year-to-date. Considering their discounted…

Ericsson's (NASDAQ:ERIC) alleged misconduct in Iraq could trigger fines of $100 million to $300 million, Bloomberg quotes from an email by Svenska Handelsbanken analyst Daniel Djurberg. The U.S. SEC initiated a probe into the Ericsson's Iraq connection. Djurberg termed the update as a negative for the share. However, it was no major surprise to the market, Djurberg…

The U.S. SEC intimated Ericsson (NASDAQ:ERIC) regarding its launch of an investigation on the company concerning the matters described in the company's 2019 Iraq investigation report. Ericsson said it cooperated with the authorities regarding their review and investigation of its conduct in Iraq. Previously CEO Borje Ekholm' disclosed that Ericsson may have made payments to the…

The stock market is exhibiting dizzying volatility this year amid sky-high inflation and the Federal Reserve’s monetary policy tightening. So, amid the market uncertainties, we think it could be wise to scoop up quality dividend stocks from Telefonaktiebolaget LM Ericsson (ERIC), Signet Jewelers (SIG), Volkswagen (VWAGY), Stellantis (STLA), and Covestro…

The current market uncertainties around inflation and interest rate increases have fostered widespread bearish sentiment. However, the market sell-off has caused the stocks of quality technology companies Micron Technology (MU), Perion Network (PERI), Lenovo Group (LNVGY), Telefonaktiebolaget LM Ericsson (ERIC), and Diodes (DIOD) to trade at discounted valuations. So, we…

Concerns over aggressive interest rate hikes by the Federal Reserve to tame multi-decade high inflation have wreaked havoc on tech stocks. However, given the increasing dependence on tech solutions, the stocks of fundamentally sound technology companies should rebound soon. Therefore, we think it could be wise to bet on quality…

Ericsson (NASDAQ:ERIC) disclosed plans to restructure its operating units to focus on mobile infrastructure and business customers, effective June 1. EVP Arun Bansal and Peter Laurin, head of the business area managed services, will leave the company. Also Read: Ericsson Shares Drop Post Q1 Results; Acknowledges DOJ Penalty, Russia Business Suspension Ericsson created a…

As businesses are increasingly adopting advanced technologies to stay ahead of the race in this digital era, the demand for communication equipment is expected to rise exponentially. So, popular communication equipment stocks Ericsson (ERIC) and Nokia (NOK) should benefit from the industry tailwinds. But which of these two stocks is…

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…