Contributing to weakness in Ericsson (ERIC -4.1%) (previously) is a downgrade to Sector Perform...


Contributing to weakness in Ericsson (ERIC -4.1%) (previously) is a downgrade to Sector Perform from Pac Crest's James Faucette, who notes carriers have largely been able to avoid increasing capex in spite of soaring data traffic growth, and claims future capex will be pressured by slow carrier revenue growth. Like a recent UBS note about Juniper, Faucette's comments have implications for other telecom equipment names.

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