EricssonERIC
About: Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.
Employees: 95,984
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
59% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 32
57% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 65
12% more capital invested
Capital invested by funds: $1.92B [Q2] → $2.14B (+$222M) [Q3]
8% more funds holding
Funds holding: 243 [Q2] → 262 (+19) [Q3]
0.02% more ownership
Funds ownership: 10.09% [Q2] → 10.11% (+0.02%) [Q3]
12% less call options, than puts
Call options by funds: $16.2M | Put options by funds: $18.3M
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
JP Morgan Sandeep Deshpande 50% 1-year accuracy 2 / 4 met price target | 17%downside $6.70 | Neutral Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 9 articles about ERIC published over the past 30 days
