Loading…
Loading…
A profit beat powered by artificial intelligence (AI) data center demand is causing a sharp selloff at one of Europe's biggest network equipment makers. Nokia (NYSE:NOK | NOK Price Prediction) stock is at $8.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
ERIC's first pre-standard 6G field call with Verizon in the 7 GHz band advances real-world testing as the company navigates uneven telecom spending and competition.
STOCKHOLM, Oct. 19, 2026 /PRNewswire/ -- During the period October 12 - October 16, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 12/10/2026 1,856,735 95.0198 176,426,588.35 13/10/2026 1,803,208 94.4446 170,303,258.28 14/10/2026 250,000 96.6343 24,158,575.00 15/10/2026 100,000 104.3220 10,432,200.00 16/10/2026 100,000 104.9440 10,494,400.00 Total 4,109,943 95.3334 391,815,021.63 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.
Organic sales grew 7% as adjusted gross margin reached 47.7%. Rising chip costs will require structural customer price increases in 2027.
Ericsson (ERIC) delivered a strong Q3, beating top- and bottom-line estimates with 5.9% revenue growth and a 17% adjusted EBITA margin. Strategic actions—portfolio optimization, price increases, and supply chain efficiencies—helped ERIC mitigate inflation and secure multiyear contracts for future revenue stability. ERIC is proactively restructuring, disbanding its wireless enterprise business and addressing underperformance at Vonage to enhance profitability and R&D outcomes.
Ericsson (NASDAQ:ERIC) shares are trading higher on Thursday after the company reported strong third-quarter earnings and revenue, driven by stronger mobile network demand and tighter cost controls.
Ericsson's Q3 sales and earnings beat Wall Street's expectations, listing share prices by double-digit percentages on Thursday morning. Organic sales rose 7%, led by the Networks segment.