Telefonaktiebolaget L M Ericsson logo

Telefonaktiebolaget L M Ericsson - ADR

1
NAS:ERIC (Sweden)   ADR
$ 6.17 +0.04 (+0.65%) 11:08 PM EST
At Loss
P/B:
2.01
Market Cap:
$ 20.56B
Enterprise V:
$ 20.82B
Volume:
11.56M
Avg Vol (2M):
13.65M
Trade In:
Volume:
11.56M
At Loss
Avg Vol (2M):
13.65M

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.