Ericsson seeks to return cash to shareholders following the recent sale of its U.S.-based Iconectiv business and continued cost-cutting measures.
Swedish telecoms gear maker Ericsson said it planned to return 15 billion Swedish crowns ($1.7 billion) to shareholders as it beat quarterly operating earnings expectations on Friday.
The company could slash more than 10% of its home-market workforce as it seeks to lower costs and boost competitiveness.
Telecoms equipment group Ericsson plans to lay off some 1,600 employees in Sweden, the company said on Thursday.
Investors looking for stocks in the Wireless Equipment sector might want to consider either Ericsson (ERIC) or Motorola (MSI). But which of these two stocks presents investors with the better value opportunity right now?
ERIC helped deliver a 90% cut in 5G latency in a live Tokyo trial, showing advanced 5G can support real-time XR on commercial networks.
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Investors interested in stocks from the Wireless Equipment sector have probably already heard of Ericsson (ERIC) and Motorola (MSI). But which of these two stocks offers value investors a better bang for their buck right now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors interested in Wireless Equipment stocks are likely familiar with Ericsson (ERIC) and InterDigital (IDCC). But which of these two stocks presents investors with the better value opportunity right now?