Thu, Apr. 21, 9:41 AM
- Ericsson (NASDAQ:ERIC) has tumbled 12.4% out of the open, after an earnings miss accompanied by a sweeping reorg.
- Three senior VPs are out as the company resets into five business units and a dedicated customer service division.
- Net profit was up 49%, while revenues dropped 2% (down 1% in constant currency). Gross margin fell to 33.3% from a year-ago 35.4%.
- Growth in North America, mainland China and southeast Asia was offset by weak development in Europe and some emerging markets, the company said.
- Revenue by segment: Networks, SEK25.8B (down 2%); Global Services, SEK23B (down 4%); Support Solutions, SEK3.4B (up 10%).
- Press Release
Thu, Apr. 21, 9:21 AM| Thu, Apr. 21, 9:21 AM
Thu, Apr. 21, 5:16 AM
Thu, Apr. 21, 4:08 AM
- Ericsson (NASDAQ:ERIC) -8.8% premarket after announcing a major management shakeup and missing expectations in the first quarter, citing weakness in Europe and some emerging markets.
- A struggling eyecare business and lackluster heart medicine sales led Novartis' (NYSE:NVS) core net income to fall 13% to $2.79B, but the drugmaker confirmed its outlook for 2016.
- SABMiller (OTCPK:SBMRY) reported a gain in Q4 beer shipments, led by growth in Africa and Latin America, in spite of economic volatility and the potential distraction of AB InBev's takeover offer.
Wed, Apr. 20, 5:30 PM
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Fri, Mar. 18, 5:41 PM
Fri, Feb. 26, 6:34 PM
- Cisco (NASDAQ:CSCO) had 56% of the global switch and router market in both Q4 and 2015 (even with 2014), estimates Synergy Research. The market's next four biggest players - Juniper, HP Enterprise, Huawei, and Alcatel-Lucent - each had shares in the 6%-8% range.
- Synergy estimates Cisco had 69% of the Q4 enterprise router market, and 42% of the service provider router market. Its share of the enterprise Ethernet switch market, which accounts for nearly 60% of the total switch/router market, is pegged at slightly above 60%.
- The total market is believed to have grown a modest 3% in 2015, mostly due to enterprise Ethernet switching growth (boosted by healthy data center switch demand). Weak telecom capex weighed on service provider router sales.
- Synergy's Jeremy Duke: "[Cisco's] dominance is more pronounced on the enterprise side where HPE is the only other vendor with a double-digit market share, while on the service provider side ALU, Juniper and Huawei are all pushing hard and all have double-digit market shares. Part of the thinking behind Cisco’s partnership with Ericsson (NASDAQ:ERIC) is to help it strengthen its sales channel into service providers and to further increase its share of this market segment." On that note, Cisco and Ericsson recently claimed they already have over 200 joint customer engagements to go with a handful of initial deals.
- Cisco is coming off a January quarter (FQ2) in which switch product revenue fell 4% Y/Y to $3.48B, and router product revenue rose 5% to $1.85B. Both SDN/NFV and the use of white-box hardware by cloud giants are viewed as long-term threats.
Mon, Feb. 22, 11:31 AM
- Geely Auto (OTCPK:GELYY) and Ericsson (ERIC +1.2%) have signed an agreement to jointly develop connected car services enabled by the latter's Connected Vehicle Cloud platform.
- Geely will begin by offering its customers advanced safety and maintenance features before progressing to vehicle-to-vehicle and vehicle-to-infrastructure communications and, ultimately, autonomous driving.
Mon, Feb. 22, 7:23 AM
- Ericsson (NASDAQ:ERIC) has agreed to a deal with Amazon Web Services that allows it to act as a bridge for its telecom operator customers to use public cloud services.
- The pact is part of a broader push by Ericsson to drive telecom service providers toward adopting cloud services instead of relying entirely on their own internal computer operations.
- Financial terms of the deal were not disclosed.
Thu, Feb. 11, 4:03 PM
- SK Telecom (SKM -2.2%), South Korea's largest wireless carrier, is teaming with Ericsson (ERIC -0.9%) on a pilot system for a 5G network.
- SK had successfully demonstrated 5G network slicing last October, and teases that the commercialization of 5G will give them the ability to transmit "ultra-high data such as holograms and virtual reality that we cannot transfer in the current speed."
- The carrier is also working with Nokia on some core technologies for the network. South Korea's carriers have targeted a 2020 rollout for 5G networking, but would be happy to launch sooner if possible.
- Ericsson's also working with TeliaSonera on a 5G testbed for Sweden and Estonia.
Wed, Jan. 27, 9:22 AM
Wed, Jan. 27, 4:30 AM
- LM Ericsson Telephone Company (NASDAQ:ERIC): Q4 EPS of SEK2.50
- Revenue of SEK73.6B (+8.2% Y/Y)
- The board will propose FY15 dividend of SEK3.70/share (+9% y/y).
Wed, Jan. 27, 4:26 AM
- Novartis' (NYSE:NVS) fourth quarter earnings missed expectations as the group prepared to overhaul its Alcon eyecare division.
- Royal Bank of Scotland (NYSE:RBS) warned it would slump to yet another full-year loss after it put aside £2.5B to cover a slew of regulatory issues.
- Strength in its U.K. business helps Santander (NYSE:SAN) offset weakness in Latin America and Spain, with Q4 earnings coming roughly in line with expectations.
- Ericsson (NASDAQ:ERIC) reported a 67% increase in quarterly net profit, helped by a stronger dollar and higher revenue from a new global license deal with Apple.
- BASF (OTCQX:BASFY) issued a profit warning, knocked down by lower oil and gas prices, which have led to write-downs of its energy business.
Tue, Jan. 26, 5:30 PM
Fri, Jan. 22, 3:30 PM
- Plenty of tech names crushed over the first 20 days or so of January are sharply higher as the Nasdaq (up 2.4%) continues rebounding from Wednesday's intraday lows. Many still have sizable YTD losses.
- Big gainers among telecom equipment/component firms: Optical component vendors Oclaro (OCLR +9.5%) and NeoPhotonics (NPTN +6%), mobile infrastructure/services giant Ericsson (ERIC +6.2%), optical networking hardware vendor Infinera (INFN +5.2%), and microcap RF backhaul hardware firms DragonWave (DRWI +24.3%) and Ceragon (CRNT +10%). Ericsson underperformed yesterday following a pre-earnings Goldman downgrade.
- Among enterprise tech firms: Threat-prevention technology and services provider FireEye (FEYE +7.7%), big data software provider Hortonworks (HDP +16.1%), security software/services firm Rapid7 (RPD +9.1%), data governance software firm Varonis (VRNS +5.6%), and flash storage array vendor Violin Memory (VMEM +13.6%). FireEye fell slightly yesterday after making a Q4 pre-announcement and announcing a $200M+ acquisition. Hortonworks was crushed on Tuesday after a Q4 pre-announcement and stock offering shelf registration.
- Among chip industry firms: RF chipmaker Skyworks (SWKS +6%), audio codec developer Cirrus Logic (CRUS +7.3%), smart TV/home automation chipmaker Sigma Designs (SIGM +6.5%), FPGA/sensor hub maker QuickLogic (QUIK +9.2%), and chip equipment firms Axcelis (ACLS +4.9%) and Aixtron (AIXG +4.9%). Major Cirrus/Skyworks client Apple reports on Tuesday afternoon.
- Also up big: 3D printer maker 3D Systems (DDD +7.1%), Russian search leader Yandex (YNDX +7.5%), mortgage origination software firm Ellie Mae (ELLI +6.4%), Chinese solar firm Yingli (YGE +11.4%), and SMB Web services provider Wix.com (WIX +5.3%).
- Previously covered: Rosetta Stone, Live Ventures, HP Enterprise, Mitel, Mobileye, Qorvo, SunPower, SolarCity
Fri, Jan. 22, 10:29 AM
- TeliaSonera (OTCPK:TLSNY +2.7%) is working toward a launch of 5G networks in Sweden and Estonia by 2018, developing use cases along with Ericsson (ERIC +6%) for the next-gen network.
- The companies are working both on Internet of Things (Iot) applications as well as person-to-person communications.
- "Stockholm and Tallinn are two of the most connected cities in the world and now we'll take them to the next level," says TeliaSonera CEO Johan Dennelind.
- The companies pointed to e-health and connected cars as key applications for the new technologies, along with better network performance.
LM Ericsson Telefon AB provides telecommunications equipment and related services to mobile and fixed network operators globally. The company operates through three segments: Networks, Global Services and Support Solutions. The Networks segment delivers products and solutions for mobile access,... More
Industry: Communication Equipment