Telefonaktiebolaget L M Ericsson logo

Telefonaktiebolaget L M Ericsson - Class B

FRA:ERCB (Sweden)   Class B
€ 4.92 (+0.49%) Apr 26
At Loss
P/B:
1.75
Market Cap:
€ 16.39B ($ 17.54B)
Enterprise V:
€ 16.75B ($ 17.92B)
Volume:
650.00
Avg Vol (2M):
2.54K
Also Trade In:
Volume:
650.00
At Loss

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.