Ericsson provides telecom equipment and services that are primarily used to build and operate mobile networks. The firm divides its business into three segments: networks, cloud and software services, ...
We've increased our fair value estimate for Ericsson to $8.70 from $8.50 to account for a weakening US dollar relative to the Swedish Krona, based on the Jan. 24, 2025 exchange rate of SEK 10.93/USD.
ERIC records marginal y/y top-line growth, backed by healthy growth in the Networks segment. Weakness in the Cloud Software and Services segment acts as a headwind.
Swedish telecoms giant Ericsson returned to profit in 2024 and sales inched up in the final quarter of the year, it said Friday, as the sector struggles with slowing demand for 5G network equipment.