EricssonERIC
About: 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, and enterprise. Wireless carriers have traditionally been the firm's primary customers, but it is pushing to cater more to enterprises as well, as both try to take advantage of 5G capabilities and utilize "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers.
Employees: 95,984
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
70% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 30
57% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 65
11% more capital invested
Capital invested by funds: $1.94B [Q2] → $2.15B (+$208M) [Q3]
8% more funds holding
Funds holding: 243 [Q2] → 262 (+19) [Q3]
0.06% less ownership
Funds ownership: 10.21% [Q2] → 10.15% (-0.06%) [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 | 22%downside $6.70 | Neutral Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 8 articles about ERIC published over the past 30 days
