Telefonaktiebolaget LM Ericsson (publ) provides network equipment and software, and services for network and business operations worldwide. Its Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment also offers radio access solutions; IP routing and transport solutions; microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; a cloud platform handles workloads for various clouds; and telecom, IT, and commercial cloud services. The company’s Global Services segment delivers managed services, including services for designing, building, operating, and managing the day-to-day operations of the customer’s network or solutions; maintenance; network sharing solutions; shared solutions; and managed services of IT environments, as well as provides broadcast and media services. This segment also offers product-related services, such as services to expand, upgrade, restructure, or migrate networks; network-rollout services; customer support; and network design and optimization services.
Telefonaktiebolaget LM Ericsson earnings per share showed an increasing trend of 15.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 71%.Analysts project EPS growth over the next 5 years at 0.01%. It has EPS annual growth over the past 5 fiscal years of 3.6% when sales grew 4. It reported -2.4% sales drop, and 49.9% EPS growth in the last quarter.
The stock is trading at $7.73, up 3.9% from 52-week low of $7.44. The stock trades down -31.66% from its peak of $11.81 and 5.43% above the consensus price target of $8.15. Its volume clocked up at 3.92 million shares which is lower than the average volume of 4.1 million shares. Its market capitalization currently stands at $25.25B.
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