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Telefonaktiebolaget LM Ericsson (ERIC.O)

ERIC.O on Nasdaq

7.50USD
1:38pm EDT
Change (% chg)

$-0.02 (-0.30%)
Prev Close
$7.52
Open
$7.48
Day's High
$7.50
Day's Low
$7.45
Volume
4,962,995
Avg. Vol
4,171,271
52-wk High
$10.58
52-wk Low
$6.96

Latest Key Developments (Source: Significant Developments)

Ericsson shares rise 4 percent after CEO steps down
Monday, 25 Jul 2016 03:02am EDT 

Telefonaktiebolaget LM Ericsson : Ericsson shares rise 4 percent after CEO steps down [nL8N1AB0T8] Further company coverage: [ERICb.ST] (Reporting by Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46-(0)8-700 10 17;)).  Full Article

Ericsson CFO says emerging markets most important factor behind weak H2 outlook
Tuesday, 19 Jul 2016 03:12am EDT 

Ericsson : Ericsson CFO says emerging markets, hit by weak currencies and oil prices, most important factor behind weak H2 outlook Further company coverage: [ERICb.ST] ((Sven.Nordenstam@thomsonreuters.com;)).  Full Article

Ericsson Q2 op profit below expectations, says to intensify activities to reduce cost of sales
Tuesday, 19 Jul 2016 01:29am EDT 

Ericsson : Says 4g sales in mainland China and networks sales in North america were stable . Q2 operating profit sek 2.8 bln vs mean forecast 3.0 bln in Reuters poll . Q2 sales 54 bln sek vs mean forecast 55 bln in Reuters poll . Q2 gross margin 32.3 pct vs mean forecast 32.3 pct in Reuters poll . Says further actions are initiated to reduce cost, targeting a new annual run rate of operating expenses, excluding restructuring charges, of sek 53 b. In second half of 2017 . Says negative industry trends from q1 have intensified impacting demand for mobile broadband, especially in markets with a weak macro-economic environment . Says cost and efficiency program targeting savings of sek 9 b. During 2017, is progressing according to plan . Says in addition, we will reduce research and development investments in ip and capture efficiency gains from new company structure . Says current sales trends and business mix are expected to prevail for second half of year .Says given current industry trends, we will intensify our activities to reduce cost of sales and adapt our operations to a weaker mobile broadband market.  Full Article

Abengoa to sell activity of its unit Abentel to Ericsson
Wednesday, 6 Jul 2016 04:27am EDT 

Abengoa SA : Says to sell activity of its subsidiary Abentel to Ericsson . Under the deal Abentel’s assets, projects and employees will be transferred to Ericsson . It is planned that about 500 professionals specialized in fiber networks rollout and Abengoa’s services will join Ericsson .The agreement to be closed during the third quarter of 2016.  Full Article

Vimpelcom and Ericsson enter software partnership worth over $1 bln
Monday, 13 Jun 2016 04:30am EDT 

Vimpelcom Ltd : Vimpelcom and Ericsson enter software partnership worth over USD 1 billion .Says partnership encompasses a complete overhaul of Vimpelcom's IT infrastructure across 11 countries and 12 time zones.  Full Article

Hexatronic buys Ericsson's New Zealand operations
Tuesday, 24 May 2016 01:32am EDT 

Hexatronic Group AB : Signs deal to buy Ericsson's fiber cable and duct operations in Wellington, New Zealand . Consideration is about 30 million Swedish crowns ($3.59 million) and is financed by buyer's credit from Nordea .Transaction is expected to be finalized at the beginning of July.  Full Article

Ericsson says to acquire NodePrime
Tuesday, 5 Apr 2016 03:15am EDT 

Ericsson:Says to acquire NodePrime to accelerate software defined infrastructure.Says the investment will be paid in cash, NodePrime will be integrated into Business Unit Cloud & IP.  Full Article

Ericsson to transform Bhutan Telecom billing systems
Tuesday, 22 Mar 2016 03:00am EDT 

Ericsson:Bhutan Telecom selects Ericsson as BSS transformation partner.To transform Bhutan Telecom's billing systems into a convergent environment supporting mobile, fixed line and broadband subscribers.Bhutan Telecom will migrate its subscribers onto the new platform by Q3 2016.  Full Article

Ericsson wins network order in Thailand
Friday, 18 Mar 2016 04:41am EDT 

Ericsson:Says is selected by TrueMove H to deploy LTE-Advanced, expand 4G/3G and build GSM networks in Thailand.Says the deployment will include Ericsson Radio System and small cell solutions including Radio Dot System to improve indoor app-coverage.  Full Article

Ericsson selected as hyperscale cloud and NFV partner by XL Axiata
Thursday, 25 Feb 2016 02:30am EST 

Ericsson:Has been selected as hyperscale cloud and NFV partner by XL Axiata.  Full Article

NORDIC STOCKS - Factors to watch on Aug 19

The following stocks may be affected by newspaper reports and other factors on Friday: