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Telefonaktiebolaget L M Ericsson - ERIC STOCK NEWS

Welcome to our dedicated news page for Telefonaktiebolaget L M Ericsson (Ticker: ERIC), a resource for investors and traders seeking the latest updates and insights on Telefonaktiebolaget L M Ericsson.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Telefonaktiebolaget L M Ericsson's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Telefonaktiebolaget L M Ericsson's position in the market.

Rhea-AI Summary
Singtel partners with Vonage, a global leader in cloud communications, to accelerate global enterprise and telco innovation through Singtel's Paragon platform. This partnership enables rapid application development, integration of advanced telco and edge APIs, and access to a global ecosystem of communications APIs for optimized customer experiences and digital transformation.
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Nex-Tech Wireless partners with Ericsson to modernize networks in Kansas, bringing advanced connectivity solutions to rural areas. The 5-year initiative aims to bridge the digital divide and empower residents with cutting-edge technology.
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Ericsson reported its first quarter results for 2024, showing a decline in sales by -14% YoY, with Networks sales decreasing by -19%. Despite the sales decline, the company managed to improve gross margin to 42.7% and increase EBITA to SEK 5.1 billion. The company focused on cost efficiencies and strategic measures to optimize the business for long-term success.
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1.88%
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Cradlepoint, part of Ericsson, releases State of Connectivity 2024 report showing businesses leveraging cellular connectivity for cost-effective, flexible, and scalable solutions. The report highlights the increasing adoption of 5G to address wired network downtime, enable AI and IoT technologies, enhance cybersecurity, and achieve sustainability goals.
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-1.18%
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Cradlepoint, a part of Ericsson, released findings from its 2024 State of Connectivity report, revealing that 92% of Canadians rate their network connectivity as good or very good. However, downtime remains a concern, impacting productivity and competitiveness. Business leaders highlighted higher operational costs, inefficiencies, and loss of talent as key issues. Investments in security, network reliability, and 5G expansion are recommended.
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LEAP, THE HORIZON INFORMATION TECHNOLOGY, based in Singapore, partners with Vonage to enhance global customer reach. Vonage's Communications APIs enable LEAP to offer scalable customer engagement solutions for Southeast Asian enterprises.
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Ericsson's AGM 2024 in Stockholm saw approval of SEK 2.70 dividend per share, re-election of Board members, and implementation of LTV 2024 for executives.
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2.06%
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Vonage, a global leader in cloud communications and a part of Ericsson, wins Gold at the Merit Awards for Telecom for its 5G network platform, driving revenue benefits through open innovation.
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Ericsson (NASDAQ: ERIC) will release its financial report for the first quarter of 2024 on April 16, 2024, at 7:00 AM CEST. A live webcast featuring President and CEO Börje Ekholm and CFO Lars Sandström will follow at 9:00 AM CEST.
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-2.73%
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Ericsson receives certification from independent compliance Monitor appointed by the U.S. Department of Justice for its anti-corruption compliance program. The certification marks significant progress in strengthening compliance and controls since the 2019 DOJ settlement.
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Telefonaktiebolaget L M Ericsson

Nasdaq:ERIC

ERIC Rankings

ERIC Stock Data

17.01B
2.97B
9.15%
0.94%
Software Publishers
Information
Link
Sweden
Stockholm

About ERIC

Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.