With a 5-year investment, the revenue is expected to be around +55.08%. The Ericsson 52-week high stock price is 12.61, which is 4.6% above the current share price. The all-time high Ericsson stock closing price was 262.02 on March 03, 2000. Ericsson’s last major deal occurred in 2007, when it bought data network equipment vendor Redback Networks for $2.1 billion. Find the latest Earnings Report Date for Ericsson American Depositary Shares ... Quarterly Earnings Forecast ... Year End: 1.00. Joel Baglole has been a business journalist for 20 years. The November 2020 Ericsson Mobility Report estimates that by the end of this year, more than 1 billion people – 15 percent of the world’s population – will live in an area that has 5G coverage rolled out. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. Co-written with AT&T, Service providers face three alternative paths to success, Mobile cloud gaming - an evolving business opportunity. The company currently has contracts in place with all three of China’s major wireless carriers, including China Mobile, and its broad presence across the world’s most populous country gives Ericsson scale in what is currently the largest 5G market on the planet. ERICSSON story: Ericsson Ooredoo Group and Ericsson sign five year strategic 5G agreement marketscreenercom and other headlines for ERICSSON OTC Stock And Ericsson is making strategic acquisitions to ensure that it can deliver on 5G and stay ahead of its competitors in the space. The acquisition is expected to close by year’s end. The deal, which was Ericsson’s biggest in a more than a decade, gives the company access to tools that can connect electronic devices to the Internet of Things (IoT) over 5G networks. This forecast is included in the latest edition of the Ericsson Mobility Report. The consensus view of 25 analysts who cover the company is for the share price to appreciate another 13% and reach $12.28 a share over the next 12-months. By the end of 2025, Ericsson forecasts 2.8 billion 5G subscriptions globally, which, according to its figures, will account for around 30% of all mobile subscriptions at that time. Ericsson's (ERIC) June 2019 Mobility Report projects 1.9 billion 5G subscriptions, up from 1.5 billion anticipated in the November 2018 report, marking a surge of almost 27%. It controlled 16% of the market by revenue last year, according to Dell'Oro Group, compared to Huawei's 28% share and Ericsson's (NASDAQ:ERIC) 14% share. At its current price, the stock remains affordable and shows potential for sizable gains over the next year. FWA connections are forecast to grow more than threefold and reach more than 180 million by the end of 2026, accounting for about a quarter of total mobile network data traffic. ... there is more than 50% chance this will happen in 6 months, and 74% chance it’ll gain 5% over a year (about 250 trading days). The increase is largely due to rapid uptake in China, reaching 11 percent of its mobile subscription base. The pandemic has highlighted the impact connectivity has on our lives and has acted as a catalyst for rapid change, which is also clearly visible in this latest edition of the Ericsson Mobility Report. ; Telefonaktiebolaget L M Ericsson has risen higher in 20 of those 31 years over the subsequent 52 week period, corresponding to a historical probability of 64 % Shares have dropped 13% over the past decade, while the NASDAQ Composite has more than quadrupled. Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson, says: “This year has seen society take a big leap towards digitalization. If Ericsson can even get a small share of the 5G market, it could give a huge boost to the company and its shareholders of ERIC stock. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. The adjusted operating margin now stands at 11.1% for January-September, compared with Ericsson's 2020 target of more than 10% and its goal of 12-14% for 2022. Next reporting date: January 29, 2021: EPS forecast (this quarter) $0.20: Annual revenue (last year) $24.0B: Annual profit (last year) $235.0M: Net profit margin Nasdaq 5 year Telefonaktiebolaget L M Ericsson - ADR Forecast: 54.495 * About the Telefonaktiebolaget LM Ericsson stock forecast As of 2021 January 08, Friday current price of ERIC stock is 11.970$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception). Image source: Getty Images. On January 19 at 4 p.m. The combined capabilities provided by 5G networks and edge compute technologies will enable game streaming services on smartphones to compete with a quality of experience (QoE) on par with PC or console counterparts, opening up for innovative, immersive games based on mobility. And 5G holds a lot of promise with potential download and upload speeds that are 10 times faster than current 4G LTE networks. “5G is entering the next phase, when new devices and applications make the most out of the benefits it provides, while service providers continue to build out 5G. All rights reserved. In Switzerland, Ericsson has built networks that now have 98% of that country’s population covered by 5G. The November 2020 Ericsson Mobility Report estimates that by the end of this year, more than 1 billion people – 15 percent of the world’s population – will live in an area that has 5G coverage rolled out. The worldwide 5G market is forecast to explode in the next five years, growing from $5.53 billion in 2021 to $667.90 billion by 2026, according to Allied Market Research. For investors looking to capitalize on the roll out of 5G telecommunications networks, Sweden’s Ericsson (NASDAQ:ERIC) stock looks like a smart buy. Buy Ericsson Stock to Get Exposure to the 5G Market, 17 Stocks to Buy to Play the Shift to Transportation 2.0, The Dip Is an Opportunity: Ethereum Will Reach New Highs, Matt McCall and the InvestorPlace Research Staff, Stock Market Live Updates Friday: Bank Earnings, Stimulus in Focus, 7 Stocks That Could Make You a Millionaire, CCIV Stock: 14 Air EV Facts to Know Ahead of Lucid Motors SPAC Merger, VDRM Stock: 13 Things to Know as Penny Stock ViaDerma Rockets 1,000%, GE Stock Is Poised for a Major Turnaround, 10 Best Stocks To Buy On The Nasdaq Right Now. Many devices support 5G Frequency Division Duplex (FDD) and dynamic spectrum sharing (DSS). On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. Case 1: Ericsson stock drops by -5% or more in a week. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Telefonaktiebolaget LM Ericsson (publ) has generated $0.11 earnings per share over the last year and currently has a price-to-earnings ratio of 25.9. Ericsson (ERIC) Outpaces Stock Market Gains: What You Should Know Jan. 5, 2021 at 5:45 p.m. The company is building 5G networks around the world that are needed to run the next generation of smart phones, tablets, computers and the Internet of Things (IoT). Ericsson has a long-term (three to five years) earnings growth … Commercialization is now moving at a rapid pace and by 2026, Ericsson forecasts that 80 percent of North American mobile subscriptions will be 5G, the highest level of any region in the world. The average Ericsson stock … Additionally, the U.S. Department of Defense (DoD) has selected Ericsson to test 5G networks at several military installations across the country. Revenue Forecast for 5G Worldwide for next 5 years.