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The Latest Breaking News from ERIC

Why Ericsson Shares Are Plunging Today

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:…

Ericsson Could Have Paid ISIS For Access To Iraq Transport Routes, CEO Ekholm Says; Stock Plunges

Ericsson Could Have Paid ISIS For Access To Iraq Transport Routes, CEO Ekholm Says; Stock Plunges

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…

Effective tool cleans up voting rolls in 30 states. Don’t undermine it. | Editorial

Effective tool cleans up voting rolls in 30 states. Don’t undermine it. | Editorial

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

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5 Best Performing Large-Cap Tech Stocks in January

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…

2 5G Stocks to Buy in February 2 to Sell

With rising COVID-19 omicron cases, the continuing remote working trend is expected to accelerate the growth of the 5G sector. Furthermore, the increasing adoption of the 5G standard across various industries should also fuel the 5G market's growth. Therefore, we believe fundamentally strong 5G stocks LM Ericsson (ERIC) and Ciena…

5G Industry in 2022: The Complete Investors Guide

5G technology is going to become the standard over the next decade, and it will facilitate an era where everyone and every device is always connected. Of course, this upgrade cycle will lead to many opportunities for investors. Some stocks to consider are Apple (AAPL), Qualcomm (QCOM), Ericcson (ERIC), Analog…

Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Jan. 25, 2022: MSFT, SHOP, ERIC, MNMD, TSLA

Today's 5 Stock Ideas: Microsoft (MSFT) - The company reports Q2 earnings today after the close. Shopify (SHOP) - Shares down premarket. Keybanc lowered its price target on the stock from $1750 to

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Ericsson Clocks 3% Sales Growth In Q4; Proposes Dividend Hike Of 25%

Ericsson Clocks 3% Sales Growth In Q4; Proposes Dividend Hike Of 25%

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) reported a fourth-quarter FY21 sales growth of 3% year-on-year to SEK71.3 billion. Group organic sales grew by 2% Y/Y. Organic sales in Networks rose 3% Y/Y, and Digital Services sales were flat Y/Y. It reported an EPS of SEK 3.02 versus SEK 2.26 last year. The adjusted gross margin…

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