News sentiment analysis powered by sentiment-insight.com
Ericsson (ERIC) Declines More Than Market: Some Information for Investors
The latest trading session saw Ericsson (ERIC) ending at $4.94, denoting a -0.6% adjustment from its last day's close. This change lagged the S&P 500's 0.2% loss on the day. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaqlost 0.07%.Shares of the telecommunications equipment provider witnessed a gain of 13.99% over the previous month.
Down 16% This Year Amid A Weak Demand In The U.S., What Lies Ahead For Ericsson Stock? Ericsson posted a mixed set of Q3 2023 results last month, as demand for 5G networking equipment continued to cool off. Ericsson announced earlier this year that it would cut 8% of its global workforce.
Samsung, Qualcomm flag concerns with India's push for... India is considering a policy to mandate equipping smartphones with hardware to receive live TV signals without the need for cellular networks. It has proposed use of so-called ATSC 3.0 technology popular in North America that allows precise geo-locating of TV signals and provides high picture quality. Samsung, Qualcomm, and telecom gear makers Ericsson and Nokia said adding direct-to-mobile broadcasting can also degrade battery performance.
Siemens, Ericsson warn EU rules on cyber seucrity risks may hit supply chains Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope, warned on Monday that onerous proposed EU rules could disrupt supply chains. Cybersecurity worries have spiked following a series of high-profile incidents of hackers damaging businesses and demanding huge ransoms.
Siemens, Ericsson warn EU rules on cyber seucrity risks may hit supply chains Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope, warned on Monday that onerous proposed EU rules could disrupt supply chains on a scale similar to during the pandemic. Proposed by the European Commission last year, the Cyber Resilience Act requires manufacturers to assess cybersecurity risks of their products.
Siemens, Ericsson warn EU cybersecurity rules may... Siemens, Ericsson warn EU cybersecurity rules may disrupt supply chains. Proposed by the European Commission last year. Cybersecurity worries have spiked following a series of high-profile incidents.
Vonage customers to get nearly $100 million in refunds over junk fees The Federal Trade Commission is sending Vonage customers a total of nearly $100 million in refunds. The agency said the internet phone service provider charged consumers junk fees and used "dark patterns" to make it hard for them to cancel their service. Ericsson-owned Vonage has agreed to give refunds to nearly 390,000 customers.
‘India to lead global 6G, FWA revolution’ | Mint Ericsson expects India to play a key role in the anticipated 300 million FWA connections globally by 2028. FWA is a technology that delivers high-speed internet without the need for copper or fibre connections.
‘India to lead global 6G, FWA revolution’ | Mint India's FWA sector can become a model for other regions: Ericsson VP Nunzio Mirtillo. FWA delivers high-speed internet without the need for copper or fibre connections. Ericsson expects India to play a key role in the anticipated 300 million FWA connections globally by 2028.
Nokia to cut up to 14,000 jobs after sales drop a fifth Nokia and rival Ericsson have grappled with slowing demand for 5G equipment. Nokia is targeting savings of between 800 million euros (US$842 million) and 1.2 billion euros by 2026. The programme is expected to lead to an organisation with 72,000 to 77,000 employees.
Nokia to cut up to 14,000 jobs after 69% profit plunge Nokia says it will cut up to 14,000 jobs as part of a cost reduction plan. Nokia reported third-quarter net sales declined 20% year-on-year to 4.98 billion euros. Nokia's rival Ericsson announced plans to lay of 8,500 employees earlier this year.
Nokia to cut up to 14,000 jobs after sales drop a fifth Nokia and rival Ericsson have grappled with slowing demand for 5G equipment. Nokia is targeting savings of between 800 million euros ($842 million) and 1.2 billion euros by 2026. The programme is expected to lead to an organisation with 72,000 to 77,000 employees.
Ericsson India, South East Asia sales up 74% in Sept quarter | Mint Ericsson reported a 74% surge in its sales from the South East Asia, Oceania, and India regions to SEK 13.8 billion ($1.26 billion) in the quarter ended September. The growth seen in the Indian markets was able to partly offset the massive decline in revenues from the North American market.
European shares open lower as Ericsson, miners weigh The pan-European STOXX 600 index was down 0.1% by 0705 GMT. Shares of Ericsson dropped 7.3% after reporting downbeat quarterly results. Lonza dropped 11.5% after the contract drugmaker cut its 2024 margin target again.
Ericsson India, South East Asia sales up 74% in Sept quarter | Mint Ericsson reported a 74% surge in its sales from the South East Asia, Oceania, and India regions to SEK 13.8 billion ($1.26 billion) The growth seen in the Indian markets was able to partly offset the massive decline in revenues from the North American market.
Ericsson says uncertainty in networks business to... Ericsson says uncertainty in networks business to persist into 2024. Demand for 5G equipment fell in North America. North America now accounts for 23% of Ericsson's sales compared with 48% earlier.
Ericsson shares volatile after results, $2.9 billion charge Ericsson reported a preliminary third-quarter operating profit before amortisation, restructuring and impairment charges of 4.7 billion Swedish crowns ($431 million), down 39%. The group announced in February plans to cut 8,500 jobs to reduce costs.
Ericsson books $2.9 bln impairment, says Q3 core profit... Ericsson bought Vonage in a $6.2 billion deal last year. The impairment charge represents 50% of the total amount of goodwill and other intangible assets attributed to Vonage.
Indians willing to pay a premium for elevated 5G experience 14% of Indians willing to pay a premium for elevated 5G experience. Ericsson expects 32 million new 5G users by December 2023. Majority of the time goes in HD video streaming, doing video calls, using AR apps.
Huawei Technologies: Controversial success story Huawei Technologies was set up in 1987 and has grown rapidly to become China's biggest maker of equipment for the telecommunications industry. It began life servicing rural China and within 10 years was generating revenues of about $250m. Today, the company employs more than 140,000 people and sales outstrip those of Ericsson.
Sign Up
