Telefonaktiebolaget L M Ericsson logo

Telefonaktiebolaget L M Ericsson - Class B

OSTO:ERIC B (Sweden)   Class B
kr 57.40 (+0.03%) Apr 26
At Loss
P/B:
1.75
Market Cap:
kr 191.44B ($ 17.58B)
Enterprise V:
kr 195.63B ($ 17.97B)
Volume:
4.31M
Avg Vol (2M):
9.28M
Also Trade In:
Volume:
4.31M
At Loss
Avg Vol (2M):
9.28M

Business Description

Description
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.