ERIC: Telefonaktiebolaget LM Ericsson
About
Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Cloud Software, Services, Enterprise, and Other. The Networks segment supports all radio-access technologies and offers hardware, software and related services for both radio access and transport. The Cloud Software segment offers solutions for core networks, business and operational support systems, network design and optimization, and managed network services. The Other segment refers to the media business and other non-allocated business. Segment-level information has also been presented to Other. The company was founded by Lars Magnus Ericsson in 1876 and is headquartered in Kista, Sweden.
Current Value
$8.051 Year Return
Current Value
$8.051 Year Return
Key Details
Market Cap
$25.52B
P/E Ratio
-249.55
1Y Stock Return
67.88%
1Y Revenue Growth
-10.31%
Dividend Yield
2.72%
Price to Book
3.2
Strategies that include ERIC
Stock's related to ERIC
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| UFPI | 46.95% | $7.78B | +17.42% | 1.01% |
| LFUS | 46.62% | $5.90B | +1.26% | 1.12% |
| BAM | 46.57% | $23.31B | +66.79% | 2.62% |
| AEIS | 45.99% | $4.20B | +16.90% | 0.27% |
| DIOD | 45.61% | $2.53B | -20.36% | 0.00% |
| SW | 45.55% | $13.78B | +15.02% | 1.14% |
| COHU | 45.15% | $1.18B | -22.38% | 0.00% |
| SLAB | 45.04% | $3.19B | -2.58% | 0.00% |
| VSH | 44.98% | $2.07B | -31.61% | 2.64% |
| ARW | 44.67% | $5.98B | -5.69% | 0.00% |
| AXL | 44.59% | $723.12M | -13.74% | 0.00% |
| HUN | 44.45% | $3.35B | -21.94% | 5.13% |
| LEA | 44.35% | $5.05B | -30.32% | 3.34% |
| NGVT | 44.27% | $1.67B | +18.26% | 0.00% |
| PAX | 43.28% | $1.83B | -15.48% | 8.96% |
| RDUS | 43.20% | $492.65M | -31.07% | 4.30% |
| ARI | 43.19% | $1.27B | -14.15% | 14.16% |
| ADTN | 43.09% | $627.65M | +47.76% | 0.00% |
| UPBD | 42.90% | $1.77B | +9.09% | 4.57% |
| HTH | 42.86% | $2.06B | +6.37% | 2.16% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| NAT | -0.01% | $636.83M | -30.05% | 13.79% |
| TEN | 0.03% | $606.64M | +3.32% | 4.39% |
| DLNG | 0.12% | $161.93M | +73.23% | 0.00% |
| CHD | 0.16% | $27.18B | +19.50% | 1.03% |
| PRT | -0.17% | $48.72M | -16.56% | 10.33% |
| CCEC | 0.18% | $1.02B | +28.03% | 3.26% |
| CAH | -0.18% | $28.64B | +12.14% | 1.70% |
| WHLM | 0.21% | $17.64M | -29.34% | 0.00% |
| TLPH | 0.22% | $11.41M | +9.85% | 0.00% |
| MNR | 0.25% | $1.66B | -10.71% | 15.90% |
| UUU | -0.27% | $4.97M | -41.89% | 0.00% |
| NNE | -0.28% | $833.66M | +531.50% | 0.00% |
| PEP | -0.49% | $215.02B | -6.60% | 3.35% |
| NHTC | -0.64% | $61.83M | +0.19% | 14.81% |
| CPB | 0.68% | $12.96B | +7.08% | 3.40% |
| CRVO | -0.71% | $83.20M | +2.86% | 0.00% |
| QNTM | -0.73% | $9.19M | -94.36% | 0.00% |
| PPC | -0.73% | $12.38B | +100.96% | 0.00% |
| BEST | -0.74% | $31.65M | +3.88% | 0.00% |
| K | -0.77% | $27.77B | +52.50% | 2.79% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| HUSA | -21.84% | $16.69M | -11.56% | 0.00% |
| MCK | -12.99% | $78.15B | +35.51% | 0.42% |
| PGR | -12.09% | $149.10B | +57.29% | 0.45% |
| TPST | -11.90% | $37.75M | -77.59% | 0.00% |
| COP | -11.58% | $130.16B | -1.63% | 2.59% |
| FANG | -9.84% | $52.59B | +18.15% | 2.79% |
| VLO | -9.81% | $44.96B | +15.30% | 2.28% |
| DK | -9.43% | $1.14B | -34.04% | 5.64% |
| MRO | -8.79% | $16.08B | +13.59% | 1.53% |
| MPC | -8.64% | $51.04B | +7.57% | 1.57% |
| COR | -8.41% | $47.48B | +21.20% | 0.86% |
| NINE | -8.25% | $49.99M | -42.44% | 0.00% |
| STG | -8.24% | $35.67M | +7.92% | 0.00% |
| VTLE | -8.11% | $1.19B | -32.18% | 0.00% |
| PULM | -8.06% | $19.83M | +202.98% | 0.00% |
| XOM | -7.86% | $521.39B | +13.56% | 3.22% |
| VNOM | -7.72% | $5.48B | +79.62% | 3.35% |
| LX | -7.60% | $446.80M | +57.07% | 4.21% |
| OXY | -6.59% | $47.39B | -16.87% | 1.66% |
| APA | -6.47% | $8.11B | -40.14% | 4.54% |
ETF's related to ERIC
Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| RSPA | 70.78% | $273.87M | 0% |
| EFAA | 68.55% | $117.38M | 0% |
| QQA | 62.57% | $135.01M | 0% |
| IQDG | 56.79% | $891.41M | 0.42% |
| FEZ | 56.42% | $3.44B | 0.29% |
| SCHF | 55.78% | $40.02B | 0.06% |
| EFA | 55.77% | $53.69B | 0.35% |
| EWQ | 55.72% | $580.44M | 0.5% |
| ESGD | 55.69% | $8.15B | 0.2% |
| DFAI | 55.56% | $7.02B | 0.18% |
| IQLT | 54.20% | $7.73B | 0.3% |
| EWD | 51.84% | $335.41M | 0.54% |
| IJS | 49.92% | $7.37B | 0.18% |
| SLYV | 49.75% | $4.16B | 0.15% |
| SMMV | 49.44% | $321.07M | 0.2% |
| SPSM | 49.40% | $12.72B | 0.03% |
| IVOV | 49.39% | $964.95M | 0.15% |
| IJJ | 49.36% | $8.03B | 0.18% |
| IJR | 49.16% | $90.05B | 0.06% |
| SMMD | 49.11% | $1.24B | 0.15% |
Uncorrelated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| HIGH | -0.24% | $302.78M | 0.51% |
| CLOI | -0.75% | $715.40M | 0.4% |
| TBLL | 0.93% | $1.92B | 0.08% |
| JBBB | -1.17% | $1.26B | 0.49% |
| FLTR | 1.48% | $1.79B | 0.14% |
| KRBN | -1.97% | $242.47M | 0.85% |
| IBHD | 2.13% | $327.80M | 0.35% |
| FLRN | 2.79% | $2.33B | 0.15% |
| SOYB | 2.89% | $27.32M | 0.22% |
| BOXX | 2.90% | $4.43B | 0.1949% |
| KCCA | -3.04% | $220.51M | 0.87% |
| GBIL | 3.46% | $5.60B | 0.12% |
| DBA | -3.87% | $755.88M | 0.93% |
| COMT | 4.00% | $829.06M | 0.48% |
| BILZ | 4.19% | $563.02M | 0.14% |
| WEAT | -4.21% | $120.27M | 0.28% |
| FBY | 4.25% | $127.69M | 0.99% |
| ICLO | 4.60% | $209.30M | 0.2% |
| CANE | 4.66% | $17.72M | 0.29% |
| PDBC | 4.86% | $4.40B | 0.59% |
Inversely Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| BTAL | -36.82% | $388.04M | 1.43% |
| UUP | -33.05% | $309.25M | 0.77% |
| USDU | -32.42% | $201.97M | 0.5% |
| VIXY | -26.13% | $195.31M | 0.85% |
| DBE | -15.87% | $50.13M | 0.77% |
| DBO | -14.45% | $217.57M | 0.77% |
| EQLS | -14.22% | $76.08M | 1% |
| CTA | -13.45% | $350.27M | 0.78% |
| KMLM | -11.00% | $353.87M | 0.9% |
| TAIL | -10.01% | $67.98M | 0.59% |
| AGZD | -7.44% | $142.76M | 0.23% |
| CORN | -5.96% | $61.12M | 0.2% |
| WEAT | -4.21% | $120.27M | 0.28% |
| DBA | -3.87% | $755.88M | 0.93% |
| KCCA | -3.04% | $220.51M | 0.87% |
| KRBN | -1.97% | $242.47M | 0.85% |
| JBBB | -1.17% | $1.26B | 0.49% |
| CLOI | -0.75% | $715.40M | 0.4% |
| HIGH | -0.24% | $302.78M | 0.51% |
| TBLL | 0.93% | $1.92B | 0.08% |
News
Yahoo
ERIC successfully completes the 5G Slicing Automation Project in collaboration with a Belgium telecommunication company.
Yahoo
In recent weeks, global markets have experienced a degree of volatility, with U.S. stocks giving back some gains amid uncertainties surrounding the incoming Trump administration's policies and their potential impact on corporate earnings, as well as shifts in inflation expectations and interest rates. As investors navigate these complex market dynamics, identifying high-growth tech stocks that demonstrate strong fundamentals and resilience can be an essential strategy for enhancing portfolio...
Yahoo
We recently published a list of 10 Cheap NASDAQ Stocks To Invest In Now. In this article, we are going to take a look at where Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) stands against other cheap NASDAQ stocks to invest in now. How Did The Stock Market Perform In Q3 2024? The stock market has been […]
Yahoo
Investors need to pay close attention to Ericsson (ERIC) stock based on the movements in the options market lately.
Yahoo
After building out 5G networks, communications service providers (CSPs) are ready to further harness the benefits of this technology. Today, Ericsson (NASDAQ: ERIC) unveils seven 5G Advanced software products designed to empower CSPs with high-performing programmable networks. These innovations will elevate performance, enhance user experience, and drive revenue growth and operational efficiency, opening up new possibilities for the industry.
Yahoo
ERIC and MasOrange team up to facilitate open programmable network integration and establish an advanced 5G infrastructure across Spain.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.