7.16 0.00 (0.00%)
After hours: 4:36PM EST
|Bid||7.00 x 300|
|Ask||7.43 x 100|
|Day's range||7.09 - 7.17|
|52-week range||5.52 - 7.47|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.11 (1.55%)|
|1y target est||6.60|
Earnings this morning from Verizon Communications (VZ) showed some improving trends for the carrier, but they offer little to like for Ericsson (ERIC), Nokia (NOK), and CommScope (COMM) according to a report this evening from Raymond James analyst Simon Leopold. Leopold notes Verizon’s forecast for its capital spending this year, which is for $17 billion to $17.8 billion, reflects the company’s intention to "continue to exercise the same discipline in its approach to planning that it has historically,” so that there’s no immediate boost this year from U.S. tax reform, even though the new rules provide for accelerated depreciation of investment in equipment. A lot of the investment is tiled toward fixed broadband, he notes, which doesn’t help the wireless portfolios of Ericsson and Nokia.
As Verizon (VZ) discusses the commercial deployment of its 5G wireless broadband service to residential customers in select US (SPY) cities starting in 2H18, it is important to examine how this move might impact its short-term spending and profitability. Verizon said it was eyeing up to five markets in the US, including Sacramento, California’s, for the commercial launch of its high-speed wireless Internet to household customers. According to Verizon’s estimates, about 30 million households across the US are ready for 5G wireless Internet speed.
How Will Juniper Perform in Fiscal 4Q17? The top four companies are Juniper (JNPR), Cisco (CSCO), Nokia (NOK), and China’s (FXI) Huawei. IHS Markit has also ranked these firms and measured several parameters—such as product reliability, price-to-performance ratio, service and support, technology innovation, and security.
Mobile communications companies have been hustling to make the transition to 5G happen, and Ericsson's CTO sat down with IBD at CES to talk about what that's been like.
The City of Dallas selects Ericsson (ERIC) to install and host an Advanced Traffic Management System ("ATMS") based on the company's Connected Urban Transport solution.
Ericsson will help Switzerland’s Swisscom to modernize its network as part of the carrier’s preparation for the deployment of the more advanced 5G network technology.
Europe-based (EFA) telecom equipment vendor Ericsson (ERIC) is helping Entel prepare its network for 5G deployment.
Verizon (VZ) recently chose Ericsson (ERIC) to provide networking equipment for its pre-commercial trials of its 5G (fifth-generation) fixed-wireless service in the second half of 2018.
Ericsson (ERIC), Verizon Communications and Qualcomm Technologies deploy latest version of FDD Massive MIMO on Verizon's wireless network in Irvine, CA.
NBN Co selects Ericsson (ERIC) as partner of choice to continue to deliver fixed wireless as well as satellite operational services across Australia's regional and rural parts.
Deutsche Telekom selects Ericsson (ERIC) to modernize its mobile network with 5G-ready multi-standard solutions, which will offer better network performance experience to the company's subscribers.
Ericsson (ERIC) anticipates an explosion in 5G network rollout in the next few years. In its new "Mobility Report," Ericsson says that more than 20% of the world’s population, or 1.0 billion ...