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ERICY - ERICY STOCK NEWS

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

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 ERICY'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 ERICY's position in the market.

News
Ericsson announces leadership changes to the Executive Team
Rhea-AI Summary
Ericsson (NASDAQ: ERIC) announces the appointment of Niklas Heuveldop as the new Head of Business Area Global Communications Platform and CEO of Vonage, effective February 1, 2024. Heuveldop has been leading Market Area North America since 2017 and has significantly strengthened Ericsson's position in North America, expanding market share with all leading customers and securing a USD 14 billion deal with AT&T. Yossi Cohen will replace Heuveldop as Head of Market Area North America, bringing 22 years of global expertise in technology, business, operations, and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
management
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News
Ericsson reports fourth quarter and full-year results 2023
Rhea-AI Summary
Ericsson's fourth-quarter results show a challenging market environment with a decline in sales. The company reported a -17% YoY decline in organic sales, with Networks sales down by -23%. Despite this, EBITA reached SEK 8.2 b. with an EBITA margin of 11.4%. Full-year sales declined organically by -10%, impacted by a -15% decrease in Networks, partly offset by an 11% growth in Enterprise. The reported EBITA for the full year was SEK 21.4 b. with a margin of 8.1%. The company also reported a net loss of SEK -26.1 b. for the year, impacted by goodwill impairment and restructuring charges. The press release highlights the company's focus on operational efficiency, tight cost management, and a commitment to driving long-term value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
none
-
News
Invitation to media and analyst briefing for Ericsson Q4 2023 report
Rhea-AI Summary
Ericsson (ERIC) will release its financial report for the fourth quarter of 2024 at approximately 7:00 AM CET on January 23, 2024. President and CEO Börje Ekholm and CFO Carl Mellander will host a live video webcast at 9:00 AM CET to discuss the report and take questions. The report will be available on Ericsson's website, and the webcast will be accessible on-demand after the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
earnings
News
AT&T to Accelerate Open and Interoperable Radio Access Networks (RAN) in the United States through new collaboration with Ericsson
Rhea-AI Summary
AT&T (T) plans to lead the US in open radio access network deployment, investing $14 billion over 5 years. The company aims for 70% wireless network traffic to flow across open-capable platforms by late 2026, with fully integrated open RAN sites operating in coordination with Ericsson and Fujitsu starting in 2024. The move towards open RAN will enable rapid scaling and management of mixed supplier hardware at each cell site. The company's joint commitment with Ericsson comes at a pivotal moment in the 5G innovation cycle, positioning AT&T to quickly capitalize on the next generation of wireless technology and spectrum. This move is expected to yield more innovation, greater efficiencies, and lower network costs, enabling the company to continue investing in its fast-growing broadband network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
Tags
none
-
News
Changes to Ericsson's nomination committee
Rhea-AI Summary
Ericsson (NASDAQ: ERIC) announces changes in its Nomination Committee with Bengt Kjell, AB Industrivärden, replacing Karl Åberg. The committee now includes Johan Forssell, Investor AB; Bengt Kjell, AB Industrivärden; Anders Oscarsson, AMF Tjänstepension & AMF Fonder; Christer Gardell, Cevian Capital Partners Limited; and Jan Carlson, the Chair of the Board of Directors. Johan Forssell is the Chair of the Nomination Committee.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
none
-
News
Ericsson Mobility Report: Resilient 5G uptake - global mobile data traffic set to triple in six years
Rhea-AI Summary
Ericsson (ERIC) predicts that global 5G subscriptions will exceed 5.3 billion by the end of 2029. The average data consumption per smartphone is projected to rise from 21GB/month to 56GB/month between 2023 and 2029. Additionally, 85 percent of the global population is expected to have 5G coverage access by the end of 2029.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
none
News
Invitation to Ericsson quarterly sustainability and responsible business update
Rhea-AI Summary
Ericsson to hold briefing session on sustainability and responsible business
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
none
-
News
Ericsson and Huawei renew global patent license agreement
Rhea-AI Summary
Ericsson and Huawei renew multi-year global patent cross-licensing agreement for 3G, 4G, and 5G technologies. Ericsson estimates full-year 2023 IPR licensing revenues to be approximately SEK 11 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
none
-
News
Ericsson reports second quarter 2023
Rhea-AI Summary
Ericsson reports second quarter 2023 results. Group organic sales declined by -9% YoY, with Networks sales declining by -13% and Enterprise sales growing by 20%. Gross income decreased to SEK 24.7 b. EBITA amounted to SEK 3.7 b. with an EBITA margin of 5.7%. Net loss was SEK -0.6 b. Free cash flow before M&A was SEK -5.0 b. Net cash on June 30, 2023, was SEK 1.9 b.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.37%
Tags
earnings
News
Invitation to media and analyst briefing for Ericsson Q2 2023 report
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
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