The Latest Breaking News from ERIC

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…

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…