Telefonaktiebolaget L M Stock (NASDAQ: ERIC)

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Telefonaktiebolaget L M

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.

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T-Mobile US has announced a partnership with NVIDIA, Ericsson, and Nokia to shape the future of mobile networks by placing AI at the forefront.

T-Mobile Partners with NVIDIA, Ericsson, And Nokia to Pioneer AI-Driven Mobile Networks

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Shares of AT&amp;T Inc. (NYSE: T) are trading higher today. Here&#39;s what you need to know.

AT&amp;T Shares Are On The Rise: What&#39;s Going On

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Nokia partners with AT&amp;T for next-gen fiber access technology, including 10/25G PON today and 50/100G PON in the future.

Nokia And AT&amp;T Partner For Next-Gen Fiber Network: Details

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T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Wednesday.</a>
The company has announced a partnership with NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), and Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) to shape the future of mobile <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40922877/t-mobile-announces-technology-partnership-with-nvidia-ericsson-and-nokia-to-advance-the-future-of-" rel="noreferrer noopener">networks by placing AI at the forefront.</a>
This collaboration will enhance the capabilities of radio access networks (RAN) in innovative ways to better serve customers.
&#8220;Just like T-Mobile led in 5G, we intend to lead in the next wave of network technology, for the benefit of our customers,&#8221; said Mike Sievert, CEO of T-Mobile.
By leveraging T-Mobile&#8217;s leadership in 5G, along with the expertise of NVIDIA, Ericsson, and Nokia in telecommunications solutions, the group, known as the founding members of the AI-RAN Alliance, is investing in an industry-first AI-RAN Innovation Center located in Bellevue, Washington.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in" rel="noreferrer noopener">Fed Decision Is Here: 5 Things Investors Need To Know Ahead Of Wednesday&#8217;s Pivotal Interest Rate Call</a>
&#8220;AI-RAN at T-Mobile will be all about unlocking the massive capacity and performance that customers increasingly demand from mobile networks,&#8221; the CEO said.
This center will focus on integrating RAN and AI advancements to create transformative network experiences for customers.
The CEO stated that the collaboration among T-Mobile, NVIDIA, Nokia, and Ericsson would shape the future of mobile networks in the 5G Advanced era and beyond, driving meaningful progress.
In a separate <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40922898/t-mobile-and-openai-join-forces-to-revolutionize-the-customer-experience-with-first-ever-intent-dr" rel="noreferrer noopener">release</a>, the company announced that it has inked a pact with OpenAI to revolutionize the customer experience and reset customer success benchmarks for companies worldwide. The two companies are custom-building the first intent-driven AI-decisioning platform of its kind, called IntentCX.
Price Action: TMUS shares are trading lower by 2.5% to $197.57 at last check Wednesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

T-Mobile Partners With NVIDIA, Ericsson, And Nokia To Launch AI-RAN Innovation Center, Combining 5G Advanced And AI To Revolutionize Mobile Networking And Enhance Customer Experiences

Shares of AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) are trading higher today. Here&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40690110/nokia-and-at-t-partner-for-next-gen-fiber-network-details">what you need to know.</a>
What To Know: The company announced a webcast featuring CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference scheduled for September 10. This event is expected to provide insights into AT&amp;T's strategic direction and operational updates. Additionally, AT&amp;T&#8217;s recent multi-year partnership with Nokia Oyj Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) to enhance its fiber network infrastructure is drawing attention from investors and analysts.
What Else:
<ul>
<li>Fiber Network Upgrade Partnership: AT&amp;T has signed a five-year deal with Nokia to upgrade its current fiber infrastructure and deploy next-generation fiber access technology. This partnership will utilize Nokia's Lightspan MF and Altiplano platforms to enhance AT&amp;T's extensive fiber network, which already reaches 27.8 million locations as of the second quarter of 2024. The collaboration aims to support next-gen PON (Passive Optical Network) technologies, allowing for faster and more efficient data transmission, as well as improved network automation capabilities through the Altiplano Access Controller. This move aligns with AT&amp;T's strategy to strengthen its fiber offerings and expand its broadband reach, ensuring it remains competitive in the high-speed internet market.</li>
<li>Additional Developments: Beyond the Nokia partnership, the announcement follows news of Nokia losing a significant contract with AT&amp;T to Ericsson Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), which was chosen to build a telecom network covering 70% of AT&amp;T's U.S. wireless traffic by 2026. Despite this setback, Nokia&#8217;s new deal with AT&amp;T reflects its ongoing efforts to remain a key player in the telecom infrastructure space.</li>
</ul>
Price Action: As of the latest trading session, AT&amp;T shares have risen by 2.44% to $20.39, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent090324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-1024x544.png" alt="" class="wp-image-527370" style="width:414px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03111306/ATANDT.png 1092w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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AT&T Shares Are On The Rise: What's Going On

Nokia Oyj&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) disclosed a multi-year agreement with AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to deploy next-generation fiber <a target="_blank" href="https://www.nokia.com/about-us/news/releases/2024/09/03/nokia-signs-strategic-deal-with-att-to-accelerate-future-ready-fiber-broadband-growth/" rel="noreferrer noopener">access</a> technology.
The five-year deal includes upgrading AT&amp;T&#8217;s current fiber infrastructure and implementing next-gen technologies for future expansions.
Nokia plans to supply its Lightspan MF and Altiplano platforms to support AT&amp;T&#8217;s extensive fiber network, which passed 27.8 million total fiber locations as of the second quarter of 2024.
The company&#8217;s fiber solutions enable AT&amp;T to swiftly build a future-ready network, supporting next-gen PON technologies and enhanced automation through the Altiplano Access Controller.
Sandy Motley, President of Fixed Networks at Nokia, said,&nbsp;&#8220;This collaboration is a major milestone in our mission to connect more people and businesses. Our fiber solution opens the door to a full range of PON technologies available on the same platform and fiber.&#8221;
&#8220;This includes 10/25G PON today and eventually 50/100G PON in the future. Ultimately this can help operators like AT&amp;T make the most of their existing fiber broadband networks today and in the future.&#8221;
As per Reuters, the deal follows Nokia&#8217;s loss of a major contract with AT&amp;T to Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), which AT&amp;T selected in December to build a telecom network covering 70% <a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36085721/ericsson-shares-jump-after-winning-largest-deal-financially-in-its-history-details" rel="noreferrer noopener">of its U.S. wireless traffic by late 2026.</a>
Investors can gain exposure to NOK stock via&nbsp;iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Defiance Connective Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIXG#NASDAQ">SIXG</a>).
Apart from this, today, Nokia disclosed a collaboration with&nbsp;RUCKUS Networks to develop a solution for seamless in-building&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40682168/nokia-teams-up-with-commscopes-ruckus-for-next-gen-fiber-wi-fi-solutions-details" rel="noreferrer noopener">and campus-wide connectivity</a>.
Price Action: NOK shares are down 1.46% at $4.395 at the last check Tuesday.
Image: Nokia
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nokia And AT&T Partner For Next-Gen Fiber Network: Details

Buoyed by a holistic growth model, Nokia Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>) is currently trading at $4.22, close to its 52-week high of $4.225. The stock has gained 19.6% over the past six months compared with the industry&#39;s growth of 19.1%, outperforming peers like Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) but lagging Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>).
Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. The company&#39;s deal win rate is encouraging with notable successes in the key 5G markets of the United States and China.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6b/75698.jpg?v=1470634992" />
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<h2>NOK&#39;s Value Creation Journey, Strategic Focus</h2>
Nokia has made significant progress on its three-phased journey of value creation: Reset, Accelerate and Scale. Its focus on capital allocation and technology leadership is expected to help it grow profitably. Nokia is on track to achieve sustainable, profitable growth and technology leadership by accelerating its product roadmap and cost competitiveness through additional 5G investments. The 5G portfolio is gaining traction among enterprise customers. Nokia currently has 319 commercial 5G deals with communications service providers globally. It has 110 live 5G networks, both public and private.
Nokia is also focused on its strategy, which hinges on four priorities. The first priority is to lead in high-performance end-to-end networks with its communications service provider customers. The second one is the relentless pursuit to expand network sales to select vertical markets, specifically energy, transportation, public sector, technical extra-large enterprises and webscale players such as Google and Amazon. Building a strong standalone software business is the third priority. The fourth one is to create new business and licensing opportunities in the consumer ecosystem.
<h2>Key Growth Drivers for NOK Stock</h2>
To strengthen its leading position in the market, Nokia facilitates its customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation needed to support dynamic operations, reduce complexity and improve efficiency. The company seeks to expand its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.
Its installed base of high-capacity AirScale products, which enables customers to quickly upgrade to 5G, is growing fast. The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect. These include a seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and the Internet of Things.
<h2>Nokia Offering O-RAN With Commercial 5G Cloud-RAN Networks</h2>
Nokia is poised to benefit from copper and fiber deployments of passive optical networking. It is reportedly the only global supplier offering Open Radio Access Network (O-RAN) with commercial 5G Cloud-RAN networks. The company intends to accelerate strategy execution, sharpen customer focus and reduce long-term costs. At the same time, it is focused on building a strong scalable software business and expand it to structurally attractive enterprise adjacencies. Nokia&#39;s C-Band portfolio supports 5G standalone and non-standalone networks, cloud-based implementations and O-RAN products.
<h2>Margin Pressure: A Major Headwind for NOK</h2>
Nokia&#39;s Mobile Networks business is facing intensifying competition in some accounts as rivals seek to take share in the early stage of 5G. Some of its customers have re-evaluated their vendors in light of security concerns, creating near-term pressure for the company. AT&amp;T Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) decision to replace Nokia with a single vendor in the form of Ericsson is expected to hurt net sales.
A slowdown of 5G deployments in India is another headwind. Owing to the challenging market situation, the company has reduced its operating margin target for fiscal 2026. Nokia&#39;s plan to improve its research and development (R&amp;D) productivity and reduce support function costs is dependent on the successful execution of its cost-saving program.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d1/75700.jpg?v=2081980694" />
Image Source: Zacks Investment Research
<h2>Softness in Key End Markets of Nokia</h2>
Despite improvement in the demand environment, weakness in several regions, including the Asia Pacific, Europe, Middle East and Africa, have hurt sales in the Network Infrastructure segment. In addition, the market recovery in the optical networks&#39; vertical continues to be slower than the rest of the Network Infrastructure businesses.
<h2>Estimate Revision Trend</h2>
Earnings estimates for Nokia for 2024 have moved down 23.4% to 36 cents over the past year, while the same for 2025 has declined 35.2% to 35 cents. The negative estimate revision depicts bearish sentiments for the stock.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/0d/75701.jpg?v=1419845589" />
Image Source: Zacks Investment Research
<h2>End Note</h2>
Nokia has emerged as one of the leading players in the development of advanced 5G technology and is at the forefront of extending 5G use cases in various industries. It has laid a strong foundation of innovation through substantial infrastructure investments. This has led to the establishment of an impressive portfolio comprising approximately 20,000 patent families, including more than 6,000 patent families that are deemed crucial to 5G technology.
However, stiff competition and softness in key end markets are likely to put pressure on the bottom-line growth. The downtrend in estimate revisions further portrays skepticism about the stock&#39;s growth potential. High R&amp;D costs eroded its profitability to a large extent. With a Zacks Rank #3 (Hold), Nokia appears to be treading in the middle of the road, and investors could be better off if they trade with caution.
<a href="https://www.zacks.com/stock/news/2328315/nokia-shares-gain-20-in-the-past-6-months-reason-to-buy-nok-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2328315">To read this article on Zacks.com click here.</a>

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Nokia Shares Gain 20% in the Past 6 Months: Reason to Buy NOK Stock?

Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) has announced that it had successfully deployed its state-of-the-art IP Multimedia Subsystem (&quot;IMS&quot;) on the Red Hat OpenStack Platform for Spark New Zealand Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/spkky#OTC">SPKKY</a>). This significant upgrade aims to enhance the IMS infrastructure, thereby enhancing network resiliency and improving mobile voice and video calling services for Spark New Zealand&#39;s customers nationwide.
The IMS integration, which went live at Spark New Zealand&#39;s Network Data Centre in South Island, marks the first fully operational deployment of this kind in the country using the Red Hat OpenStack Platform. This transition from multiple custom solutions to a unified, cost-effective system is expected to reduce operational costs while offering a robust and scalable solution. It is likely to improve efficiency by reducing latency, ensuring a better user experience with minimal connectivity delays and delivering a seamless and efficient network experience.
This deployment in the South Island is a testament to Ericsson&#39;s long-standing partnership with Spark New Zealand and the former&#39;s shared commitment to innovation and excellence. Since 2015, Spark New Zealand has utilized Ericsson&#39;s IMS solutions to support its communication services. The introduction of this new IMS node in the South Island represents a key expansion of this infrastructure, complementing existing nodes in Spark New Zealand&#39;s two North Island Network Data Centres.
Furthermore, by the year-end, Spark New Zealand plans to migrate its current IMS nodes to the new Red Hat OpenStack Platform. This move is expected to unify the network, ensuring a single node manages the full traffic load for the entire country, thereby providing uninterrupted service even in the event of node failures.
The successful integration of Ericsson&#39;s IMS with Red Hat&#39;s open-source platform marks a significant milestone in improving network resiliency and service quality. This strategic enhancement not only optimizes performance but also fortifies the network against potential disruptions, paving the way for more reliable and efficient services for Spark New Zealand&#39;s customers across New Zealand. These advancements are set to play a crucial role in shaping the future of mobile connectivity and network infrastructure significantly.
<h2>Price Performance</h2>
Shares of Ericsson have gained 46% over the past year against the industry&#39;s decline of 50.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/76/75205.jpg?v=1079448991" />
Image Source: Zacks Investment Research
<h2>Zacks Rank and Key Picks</h2>
Ericsson currently carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the broader industry have been discussed below.
Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), sporting a Zacks Rank of 1 (Strong Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.
It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.
Harmonic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. It delivered a trailing four-quarter average earnings surprise of 32.5%. It currently sports a Zacks Rank of 1.
<a href="https://www.zacks.com/stock/news/2326389/ericsson-eric-boosts-new-zealand-s-network-with-advanced-ims?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2326389">To read this article on Zacks.com click here.</a>

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Ericsson Boosts New Zealand's Network With Advanced IMS

Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) shares are trading higher today. On Friday, the company inked a binding agreement with Koch Equity Development LLC regarding the sale of iconectiv.
iconectiv is a U.S. subsidiary of Ericsson acquired in 2012 and a provider of network number portability solutions and data exchange services. Since 2017, iconectiv has been co-owned with private equity firm Francisco Partners.
Ericsson expects to gain approximately SEK 10.6 billion ($1.0 billion) in cash from the deal after taxes, transaction expenses, and other liabilities.
Ericsson projects to record a one-off EBIT benefit of about SEK 8.8 billion ($0.8 billion) upon closing the transaction.
The transaction is expected to close in the first half of calendar&nbsp;2025, pending customary regulatory approvals.
Richard Jacowleff, CEO of iconectiv, said, &#8220;iconectiv is excited to join KED along with the resources and capabilities they have to support our next chapter of growth. This acquisition marks a significant milestone in our journey, aligning us with a shareholder focused on long-term value creation that extends our track record as a trusted partner to service providers and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40426424/koch-equity-development-signs-agreement-to-acquire-telecommunications-solutions-leader-iconectiv" rel="noreferrer noopener">regulators in the communications sector.&#8221;</a>
As of June-end, Ericsson&#8217;s net cash <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39745508/ericsson-gains-premarket-after-q2-print-whats-going-on" rel="noreferrer noopener">stood at SEK 28.7 billion</a>.&nbsp;
Investors can gain exposure to the stock via&nbsp;IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>)&nbsp;and Defiance Connective Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIXG#NASDAQ">SIXG</a>).
Price Action: ERIC shares are up 1.13% at $7.18 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Mats Wiklund via Shutterstock
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Asset Sales

Ericsson Agrees To Divest Subsidiary iconectiv; Expects $1B In Cash Benefit

Ericsson's Cash Benefit From The Transaction, After The Settlement Of Anticipated Taxes, Transaction Expenses, And Other Liabilities, Is Expected To Be ~$1B

Ericsson Announces Sale Of Iconectiv; Expects To Record One-Off EBIT Benefit Of $800M On Closing Of Transaction; Cash Benefit From Deal, After Settlement Is Expected To Be ~SEK 10.6 BIllion

Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) today announced a landmark collaboration with NRTC, Southern Linc, and Anterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATEX#NASDAQ">ATEX</a>) to deliver cutting-edge private network solutions to electric cooperatives (co-ops) of all sizes and service terrains across the United States. This strategic partnership aims to provide reliable, resilient, and secure network infrastructure, empowering co-ops to meet the challenges of modernizing the grid infrastructure and ensuring uninterrupted service delivery to communities nationwide.

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Shares of stocks in the broader tech sector are trading lower as stocks sell off amid concerns over the US economy.

JP Morgan analyst Sandeep Deshpande maintains Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) with a Neutral and raises the price target from $5.58 to $5.9.

Price Target

JP Morgan Maintains Neutral on Telefonaktiebolaget L M, Raises Price Target to $5.9

Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) inked a multi-year global patent <a href="https://www.benzinga.com/pressreleases/24/07/n39765834/ericsson-and-oppo-sign-global-patent-cross-license-agreement" target="_blank" rel="noreferrer noopener">cross-license agreement with </a><a href="https://www.benzinga.com/pressreleases/24/07/n39765834/ericsson-and-oppo-sign-global-patent-cross-license-agreement" target="_blank" rel="noreferrer noopener">OPPO</a>.
This agreement involves a cross-license for essential patents in cellular technologies, including 5G standards, and OPPO will pay royalties to Ericsson. The financial terms were not disclosed.
OPPO and Ericsson will collaborate on various 5G-related initiatives, including device testing, customer engagements, and marketing, in addition to their cross-licensing agreement.
This agreement follows global standards where companies using 3GPP cellular technologies like 5G must license patents to avoid infringement and compensate patent holders for their R&amp;D investments.
Christina Petersson, Chief Intellectual Property Officer at Ericsson, said, &#8220;This important royalty bearing license agreement with OPPO allows Ericsson to further invest in fundamental communications technologies. The license confirms that the patent licensing industry works and is proof that a vast majority of license agreements are based on business negotiations.&#8221;
&#8220;It also reflects the mutual respect for each other&#8217;s patent portfolio. We now look forward to growing Ericsson&#8217;s IPR revenues with additional 5G agreements and expansion into additional licensing areas, such as IoT and consumer electronics.&#8221;
The financial impact of this agreement was already accounted for in the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39745508/ericsson-gains-premarket-after-q2-print-whats-going-on" rel="noreferrer noopener">second-quarter 2024 financial results</a>.
Last week, Ericsson reported a sales decline of 7% Y/Y to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39745508/ericsson-gains-premarket-after-q2-print-whats-going-on" rel="noreferrer noopener">estimate of $5.363 billion</a>.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39645990/ericssons-vonage-bet-backfires-impairment-charge-hits-q2-due-to-lower-market-growth" rel="noreferrer noopener">Ericsson&#8217;s Vonage Bet Backfires: Impairment Charge Hits Q2 Due to Lower Market Growth</a>
Price Action: ERIC shares are down 2.10% at $6.54 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Mats Wiklund via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/06/39140007/ericsson-turns-the-corner-reports-conclusion-of-us-anti-corruption-compliance-monitorship" target="_blank" rel="noreferrer noopener">Ericsson Turns The Corner: Reports Conclusion Of US Anti-Corruption Compliance Monitorship</a></li>
</ul>

Ericsson And OPPO Ink Global 5G Patent Deal: Royalties and Innovation on the Horizon

<ul>
<li>Multi-year global cross license covering cellular technology, including 5G</li>
<li>Royalty payments from&nbsp;OPPO to Ericsson</li>
<li>Business cooperation on 5G related projects such as device testing and customer engagements</li>
</ul>

Ericsson And OPPO Enter Global Patent Cross License And 5G Collaboration, Including Royalty Payments

Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) reported modest second-quarter 2024 results, with the top line surpassing the Zacks Consensus Estimate and the bottom line missing the same. In spite of steady sales in the Enterprise, Cloud Software and Services segment, soft demand in the Networks led to a top-line contraction year over year. Solid sales growth in North America is offset by declining capex investments in India. Higher IPR licensing revenues, cost optimization and a robust portfolio boosted the gross margin. Healthy improvement in free cash flow backed by improvement in working capital is a tailwind.
<h3>Net Income</h3>
Ericsson reported a net loss of SEK 11 billion ($1.03 billion) or a loss of SEK 3.34 (31 cents) per share in the second quarter compared with a net loss of SEK 0.6 billion or SEK 0.21 per share in the prior-year quarter. Non-cash impairment charges of SEK 11.4 billion and a decline in net sales impacted the bottom line during the quarter. Adjusted earnings came in at a penny per share, missing the Zacks Consensus Estimate of 5 cents.
<div class="chart_embed">
<h3>Ericsson Price, Consensus and EPS Surprise</h3>
<h3><img alt="Ericsson Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/17/1720790812.png" style="height:265px; width:570px" title="" /></h3>
Ericsson price-consensus-eps-surprise-chart | Ericsson Quote
</div>
<h3>Revenues</h3>
Ericsson generated SEK 59.8 billion ($5.59 billion) in revenues, down 7% year over year. Demand softness in the Networks segment impeded the top line. However, the top line surpassed the Zacks Consensus Estimate of $5.29 billion.
<h3>Segment Results</h3>
The Networks segment generated SEK 37.7 billion ($3.53 billion), down 11% from the year-ago quarter&#39;s tally of SEK 42.4 billion. The top line beat our revenue estimate of SEK 36.3 billion. The segment&#39;s gross margin improved to 46.1% from 39.3% in the year-ago quarter. The unit registered a 55% sales decline in South East Asia, Oceania and India. Following a record level of investments in 2023, operator capex significantly declined in India. However, sales in the Networks segment from North America improved 20% year over year due to increased network investments.
Cloud Software and Services contributed SEK 15.2 billion ($1.42 billion) in revenues, marginally up from SEK15.1 billion in the year-ago quarter. The top line surpassed our revenue estimate of SEK 14.7 billion. Adjusted gross margin improved to 37.2% from 33.9% in the prior-year quarter. Increased IPR licensing revenues, commercial discipline and improvement in delivery performance propelled the gross margin.
Enterprise sales remained flat at SEK 6.5 billion ($608 million), up 2% year over year. Net sales beat our revenue estimate of SEK 4.77 billion. Growth in Enterprise Wireless Solutions supported the top line. However, declining sales in the Global Communication Platform reversed the positive trend. Adjusted gross margin was 51.1%, up from 46.3% in the year-ago quarter.
Other revenues was SEK 0.5 billion ($47 million) matching the prior-year quarter&#39;s figure of SEK 0.5 billion.
Region-wise, South-East Asia, Oceania and India registered revenues of SEK 7.7 billion ($720 million), down from SEK 13.8 billion in the prior-year quarter. Revenues from North East Asia fell 10% year over year to SEK 4.6 billion ($430 million). Net sales from North America increased 15% year over year to SEK 16.6 billion ($1.55 billion) backed by contract wins and growing network investments.
Europe and Latin American markets witnessed a 2% year-over-year decline to SEK 15.6 billion ($1.46 billion). Revenues in the Middle East and Africa fell 8% to SEK 4.9 billion ($458 million) due to a slowdown in capex investments. Revenues from other regions rose to SEK 10.4 billion ($972 million) from SEK 9.8 billion in the prior-year quarter.
<h3>Other Details</h3>
Adjusted gross increased to SEK 26.3 billion ($2.46 billion) from the year-ago figure of SEK 24.7 billion. Adjusted gross margin was 43.9%, up from 38.3% in the year-earlier quarter, driven by an enhanced gross margin in the Networks segment. Higher IPR licensing revenues, cost reduction actions and a competitive product portfolio elevated the gross margin.
<h3>Cash Flow and Liquidity</h3>
Ericsson generated SEK 9.3 billion ($870 million) cash from operating activities during the quarter. As of Jun 30, 2024, the company had a net cash of SEK 13.1 billion ($12.36 billion) with SEK 26.1 billion liabilities for post-employment benefits.
<h3>Outlook</h3>
Management anticipates market conditions to remain challenging this year due to a slowdown in network investments in India. However, contract deliveries in North America will likely improve net sales in the second half of the year.
For the third quarter of 2024, revenues from the Networks, Cloud Software and Services segment are expected to follow the average seasonality between the second and the third quarter in the last three years. Adjusted Gross margin in the Networks segment is likely to be in the range of 45-47%. Restructuring charges are projected to be around SEK 3-4 billion in 2024.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Ericsson currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation, sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company&#39;s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Motorola Solutions Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msi#NYSE">MSI</a>) provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure services. Motorola carries a Zacks Rank #2 (Buy) at present.
It delivered a trailing four-quarter average earnings surprise of 7.54% and has a long-term growth expectation of 9.47%. In the last reported quarter, Motorola delivered an earnings surprise of 11.51%.
Silicon Motion Technology Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/simo#NASDAQ">SIMO</a>), carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 4.72%.
It is a leading developer of microcontroller ICs for NAND flash storage devices. The semiconductor company also designs, develops and markets high-performance, low-power semiconductor solutions for original equipment manufacturers and other customers.
Note: SEK 1 = $0.0935081 (period average from Apr 1, 2024 to Jun 30, 2024); SEK 1 = $0.0943156 (as of Jun 30, 2024).
<a href="https://www.zacks.com/stock/news/2300947/ericsson-eric-q2-earnings-miss-estimates-top-line-falls?cid=CS-BENZ-FT-analyst_blog|earnings_article-2300947">To read this article on Zacks.com click here.</a>

Earnings Misses

SIMO

Ericsson Q2 Earnings Miss Estimates, Top Line Falls

Shares of ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million <a href="https://www.benzinga.com/quote/ASPI/news">shares at $2.50 per share</a>.
ASP Isotopes shares fell 9.2% to $3.2308 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares jumped 133.2% to $0.7910 after the company announced CARB certification for the VMC 1200 class 3 electric truck.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) shares rose 110% to $0.4335.</li>
<li>TOYO Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOYO#NASDAQ">TOYO</a>) climbed 63.4% to $2.5322.</li>
<li>Nisun International Enterprise Development Group Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NISN#NASDAQ">NISN</a>) jumped 58% to $9.52 following FY23 earnings.</li>
<li>Sentage Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNTG#NASDAQ">SNTG</a>) rose 43% to $3.29 after gaining around 5% on Thursday.</li>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) gained 40.4% to $7.85.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) shares jumped 38.8% to $3.3452.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) gained 37.6% to $12.66 after the company announced that it entered into a new standby equity purchase agreement with an affiliate of Yorkville Advisors Global to start production and the commercial rollout of the i300 electric urban motorcycle in India.</li>
<li>Instil Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) rose 25.7% to $12.19.</li>
<li>A2Z Smart Technologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZ#NASDAQ">AZ</a>) gained 23.8% to $0.7899.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) shares rose 19.3% to $0.0982 after gaining around 7% on Thursday.</li>
<li>S&amp;W Seed Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) gained 18.3% to $0.3375.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) gained 17% to $3.9850. The stock may be up on continued strength after the company&#8217;s CEO recently said the co. will need to raise more money to grow, stating Saudi&#8217;s PIF is a &#8216;perfect&#8217; long-term partner on EVs.</li>
<li>China SXT Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) rose 16% to $1.38 after jumping 10% on Thursday.</li>
<li>LL Flooring Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LL#NYSE">LL</a>) surged 16% to $0.8673.</li>
<li>Verastem, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTM#NASDAQ">VSTM</a>) gained 15% to $3.4188. Verastem Oncology said first patient was dosed with GFH375/VS-7375, a KRAS G12D (ON/OFF) inhibitor, in a Phase 1/2 trial in China as a part of collaboration with GenFleet Therapeutics.</li>
<li>Immutep Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMP#NASDAQ">IMMP</a>) shares climbed 14.4% to $2.30 after the company disclosed results for first-line treatment of head and neck squamous cell carcinoma patients with negative PD-L1 expression.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) gained 14.2% to $3.8506. Benchmark analyst Michael Legg maintained EVgo with a Buy and raised the price target from $3 to $5.</li>
<li>QuantumScape Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QS#NASDAQ">QS</a>) rose 12.2% to $7.92. QuantumScape recently announced it entered into an agreement with PowerCo to industrialize solid-state batteries.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) surged 9.6% to $5.01. Archer Aviation announced it has signed a memorandum of understanding (MOU) with Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) to develop operational plans for electric air taxi networks utilizing Archer's eVTOL aircraft at California airports.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) rose 9.6% to $23.51.</li>
<li>EyePoint Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) gained 8.7% to $10.77.</li>
<li>The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) climbed 4.3% to $64.12 following better-than-expected quarterly financial results.</li>
<li>Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) rose 3.8% to $6.63 after the company reported better-than-expected second-quarter sales and issued guidance.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) shares dipped 53% to $0.9987 after the company announced pricing of a $2 million underwritten public offering.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) fell 24.2% to $0.94. HC Wainwright &amp; Co. analyst Sean Lee reiterated Kazia Therapeutics with a Buy and maintained a $2 price target.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) fell 20.5% to $5.83 after surging 85% on Thursday.</li>
<li>Locafy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) dipped 19.3% to $4.92.</li>
<li>Renalytix Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNLX#NASDAQ">RNLX</a>) declined 18.3% to $0.3035. Renalytix recently announced a collaboration with the Steno Diabetes Center, Copenhagen, to advance translation of precision medicine solutions for patients with Diabetes and Chronic Kidney Disease.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) fell 15.5% to $2.04. Pineapple recently engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital-raising activities.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) dipped 14% to $1.43.</li>
<li>MingZhu Logistics Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) declined 13.5% to $1.41.</li>
<li>New Horizon Aircraft Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares fell 9.4% to $0.5750 after gaining around 20% on Thursday.</li>
<li>Lipella Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) fell 9.4% to $0.4810 after gaining over 9% on Thursday.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares declined 8.5% to $24.00 after gaining around 4% on Thursday.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) shares fell 7.7% to $0.9964. Biodexa Pharmaceuticals shares jumped around 52% on Thursday after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.</li>
<li>Value Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALU#NASDAQ">VALU</a>) dipped 7.4% to $40.75.</li>
<li>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) fell 6.8% to $56.07 after the company posted second-quarter results.</li>
<li>The Vita Coco Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COCO#NASDAQ">COCO</a>) declined 6.3% to $28.49. Piper Sandler analyst Michael Lavery downgraded Vita Coco from Overweight to Neutral and lowered the price target from $29 to $28.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) fell 5.5% to $16.65.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/07/39748729/nvidia-to-rally-more-than-33-here-are-10-top-analyst-forecasts-for-friday">NVIDIA To Rally More Than 33%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

Intraday Update

ACHR

AGRI

ASPI

BDRX

BILI

CGBS

COCO

EVGO

EYPT

FWRD

HOVR

IMMP

KZIA

LCFY

LCID

LIPO

NISN

PEGY

Qualigen Therapeutics, Inc. - Common Stock

QLGN

RNLX

SANW

SISI

SNTG

SXTC

VALU

VRPX

VSTM

YGMZ

ZAPP

Why ASP Isotopes Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stocks were higher, with the Nasdaq Composite index gaining around 100 points on Friday.
Shares of The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) rose during Friday's session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39748228/why-is-bank-of-new-york-mellon-stock-gaining-today">quarterly financial results</a>.
The finance behemoth reported second-quarter adjusted earnings per share of $1.51, beating the street view of $1.43. Quarterly revenue of $4.597 billion, an increase of 2% year-over-year, surpassed the analyst consensus of $4.523 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Bank of New York Mellon shares surged 4.3% to $64.12 on Friday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares jumped 17% to $3.9850. The stock may be up on continued strength after the company&#8217;s CEO recently said the co. will need to raise more money to grow, stating Saudi&#8217;s PIF is a &#8216;perfect&#8217; long-term partner on EVs.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) shares surged 14.2% to $3.8506. Benchmark analyst Michael Legg maintained EVgo with a Buy and raised the price target from $3 to $5.</li>
<li>QuantumScape Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QS#NASDAQ">QS</a>) gained 12.2% to $7.92. QuantumScape recently announced it entered into an agreement with PowerCo to industrialize solid-state batteries.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 11.6% to $1.6750.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) climbed 9.6% to $5.01. Archer Aviation announced it has signed a memorandum of understanding (MOU) with Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) to develop operational plans for electric air taxi networks utilizing Archer's eVTOL aircraft at California airports.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) gained 9.6% to $23.51.</li>
<li>Tyra Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TYRA#NASDAQ">TYRA</a>) rose 9.1% to $20.69.</li>
<li>Annexon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANNX#NASDAQ">ANNX</a>) gained 9.1% to $5.97.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) rose 8.8% to $8.37.</li>
<li>EyePoint Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) climbed 8.7% to $10.77.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) gained 8.4% to $3.5889. Aurora Innovation, is expected to release second quarter 2024 results after the closing bell on July 31.</li>
<li>Intellia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>) rose 8.4% to $26.72.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) gained 7.4% to $18.01. Mizuho analyst Vijay Rakesh maintained Rivian Automotive with a Neutral and raised the price target from $11 to $15.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) rose 5.7% to $22.24.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) shares rose 4.6% to $218.54. Piper Sandler analyst Korinne Wolfmeyer maintained e.l.f. Beauty with an Overweight and raised the price target from $210 to $258.</li>
<li>Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) gained 3.8% to $6.63 after the company reported better-than-expected second-quarter sales and issued guidance.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39748729/nvidia-to-rally-more-than-33-here-are-10-top-analyst-forecasts-for-friday">NVIDIA To Rally More Than 33%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

ANNX

Hims & Hers Health, Inc. Class A Common Stock

HIMS

NTLA

PACB

RIVN

RXRX

TYRA

Bank of New York Mellon Posts Upbeat Earnings, Joins Archer Aviation, Rivian Automotive And Other Big Stocks Moving Higher On Friday

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported&nbsp;<a href="https://www.benzinga.com/pressreleases/24/07/n39744392/ericsson-reports-second-quarter-results-2024">second-quarter fiscal 2024 results</a>. The stock price climbed after the print.
Sales declined 7% year-over-year to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus estimate of $5.363 billion. The sales decline was due to an 11% decrease in <a target="_blank" href="https://www.ericsson.com/en/investors" rel="noreferrer noopener">Networks</a>.
Group organic sales declined by 7% Y/Y. Organic sales were stable in Cloud Software and Services and Enterprise.
Adjusted gross margin improved to 43.9% from 38.3% Y/Y, driven primarily by improved gross margin in Networks.
Adjusted EBIT margin was (19.9)% versus 4.4% Y/Y due to a non-cash<a href="https://www.benzinga.com//node/39645990"> impairment loss relating to the Vonage acquisition.</a> Adjusted EBITA margin improved to 6.8% from 5.7% a year ago.
Ericsson reported an EPS loss of SEK (3.34) versus SEK (0.21) Y/Y. In USD, EPS of $0.01 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.05</a>.&nbsp;
Free cash flow before M&amp;A was SEK 7.595 billion in the quarter, benefiting from the operational improvements.
As of June 30, 2024, net cash stood at SEK 28.7 billion.&nbsp;
Ericsson is taking further actions to address the ongoing challenges in the declining telecom equipment market, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-12/ericsson-earnings-beat-estimates-on-cost-cutting-in-tough-market?srnd=technology-vp&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">cites</a> CFO Lars Sandstrom. In a Bloomberg interview, Sandstrom emphasized that a significant portion of the company&#8217;s cost base is connected to personnel, and adjustments may be necessary moving forward.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12041104/newplot-23.png" alt="" class="wp-image-432712" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12041104/newplot-23.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12041104/newplot-23-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Ericsson and its Nordic competitor Nokia Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) have struggled with a lackluster telecom equipment market for years as the anticipated surge in 5G technology spending did not materialize. Despite this, there are signs that sales will stabilize this year. Ericsson&#8217;s $14 billion network deal with US operator AT&amp;T Inc&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) will likely start contributing to revenue in the second half of the year.
The prolonged downturn led Ericsson to cut approximately 8% of its workforce, or 8,500 employees, last year to reduce expenses. In March, the company announced the elimination of 1,200 jobs in Sweden. CEO Börje Ekholm acknowledged the challenging market conditions due to the slow pace of investments in India but anticipated benefits from North American contract deliveries in the latter half of the year.
Outlook: Ericsson expects a third-quarter adjusted gross margin of 45-47% and restructuring charges of <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">SEK 3.0-4.0 billion in 2024</a>.
Price Action: ERIC shares are up 2.97% at $6.58 premarket at the last check Friday.
Photo by Mats Wiklund via Shutterstock

Guidance

Media

Ericsson Gains Premarket After Q2 Print, What's Going On?

Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter sales and <a href="https://www.benzinga.com/quote/ERIC/earnings">issued guidance</a>.
Ericsson reported a second-quarter loss of 31 cents per share, compared to year-ago earnings of 7 cents per share. The company reported quarterly sales of $5.59 billion which beat the analyst consensus estimate of $5.36 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Ericsson shares jumped 4.3% to $6.66 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Sentage Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNTG#NASDAQ">SNTG</a>) rose 85.6% to $4.27 in pre-market trading after gaining around 5% on Thursday.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) gained 40.4% to $3.16 in pre-market trading.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) shares rose 36.7% to $0.2809 in pre-market trading.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) shares rose 28.3% to $0.1053 in pre-market trading after gaining around 7% on Thursday.</li>
<li>Immutep Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMP#NASDAQ">IMMP</a>) shares climbed 20.4% to $2.42 in pre-market trading after the company disclosed results for first-line treatment of head and neck squamous cell carcinoma patients with negative PD-L1 expression.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) rose 14.8% to $0.2765 in pre-market trading. Maxeon Solar Technologies 13G filing showed Graham Capital Management LP reported a 9.6% passive stake in the company as of July 2.</li>
<li>AtlasClear Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NYSE">ATCH</a>) gained 11.3% to $0.8681 in pre-market trading after dipping over 20% on Thursday.</li>
<li>Gamer Pakistan Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAK#NASDAQ">GPAK</a>) shares gained 9.6% to $0.22 in pre-market trading.</li>
<li>China SXT Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) rose 9.2% to $1.30 in pre-market trading after jumping 10% on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) shares fell 38.2% to $1.31 in pre-market trading after the company reported a proposed underwritten public offering.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) shares declined 18.4% to $2.90 in pre-market trading after the company announced that it commenced an underwritten public offering.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) shares fell 18.4% to $1.01 in pre-market trading after jumping over 85% on Thursday. Kazia Therapeutics recently announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.</li>
<li>New Horizon Aircraft Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares fell 16.4% to $0.53 in pre-market trading after gaining around 20% on Thursday.</li>
<li>Luxurban Hotels Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) fell 13.4% to $0.16 in pre-market trading. LuxUrban Hotels priced its $5.1 million public offering of 30 million shares at $0.17 per share.</li>
<li>Lipella Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) fell 13.4% to $0.46 in pre-market trading after gaining over 9% on Thursday.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) shares fell 12.3% to $0.9469 in pre-market trading. Biodexa Pharmaceuticals shares jumped around 52% on Thursday after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) shares dipped 12.3% to $0.3107 in pre-market trading after jumping 38% on Thursday.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares fell 12.1% to $6.44 in pre-market trading after surging 85% on Thursday.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares declined 9.8% to $23.64 in pre-market trading after gaining around 4% on Thursday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39743681/jpmorgan-chase-citigroup-and-3-stocks-to-watch-heading-into-friday">JPMorgan Chase, Citigroup And 3 Stocks To Watch Heading Into Friday</a></li>
</ul>

Pre-Market Outlook

ATCH

GPAK

LUXH

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

SNOA

TIRX

Why Ericsson Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

B&ouml;rje Ekholm, President and CEO, said: &quot;In&nbsp;Q2, we maintained our leading market position, returned to growth in&nbsp;North America, and delivered strong gross margin expansion and free cash flow. We remained focused on matters in our control, to optimize our business amid a challenging market environment, with industry investment levels unsustainably low.&nbsp;&nbsp;
Vonage remains foundational to build out a global platform for network APIs. This is critical for the digitalization of enterprises and society, and will drive future growth in the telecoms industry. We recorded an impairment charge in&nbsp;Q2, as market growth in the current business has slowed, and we must now refocus on improving performance.&nbsp;&nbsp;
Our results highlight our competitiveness, and we will continue to take proactive steps to position the business for longer-term success. We expect market conditions to remain challenging this year, as the pace of&nbsp;India&nbsp;investments slow, however our sales will benefit during the second half from contract deliveries in&nbsp;North America.&quot;&nbsp;

Management

Ericsson CEO Börje Ekholm Highlights Challenges in India, Expects US Contracts to Drive Growth

Laughing Water Capital Q2 2024 Letter

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Wall Street investors are looking for potential gains in niche segments, such as consumer <a href="https://investorplace.com/industries/technology/">tech stocks</a>, especially this earnings season. Consumer technology, encompassing devices and software for the general public, has a profound history of transforming our lives. From earlier innovations like the microwave and transistor radios to today&rsquo;s smartphones and Internet of Things (IoT) devices, consumer tech has driven a technological revolution.



The global consumer tech market is on an upward trajectory, with spending <a href="https://www.cta.tech/Resources/Newsroom/Media-Releases/2024/January/2024-CTA-Forecast">forecast to reach $512 billion</a>, growing 2.8% year-over-year (YOY). Emerging technologies such as augmented reality (AR), drones and robotic systems play pivotal roles in this expansion. This growth underscores continuous innovation and the integration of technology into daily life, offering substantial potential for consumer tech stocks.



With this promising outlook, let&rsquo;s delve into three top consumer tech stocks to buy in July.



<h2>Dell Technologies (DELL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/dell1600-300x169.jpg" alt="Dell (DELL) Technologies Display and Logo"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>We begin exploring consumer tech stocks to buy with Dell Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/dell-stock-quote/">DELL</a>). Known for its diverse range of hardware and software solutions, the multinational tech giant caters to both <a href="https://investorplace.com/2024/07/7-long-term-tech-stocks-for-extending-investment-horizons/">consumers and businesses</a>. Despite its broad portfolio, DELL&rsquo;s consumer-focused Inspiron and XPS lines stand out in the consumer tech sector.



In the <a href="https://investors.delltechnologies.com/static-files/dc22bb7f-7eac-4ac1-92f4-40cb2d99cd43">first quarter of fiscal year 2025</a>, Dell Technologies reported $22.2 billion in revenue, up 6% YOY, driven by strong server and commercial PC sales. However, a 3% drop in adjusted EPS of $1.27 and expectations of gross margin rate to decline due to inflationary pressures and competitive dynamics, dampened investor sentiment.



Amid economic uncertainties and regulatory challenges in the tech sector, DELL has strategically partnered with Ericsson (NASDAQ:<a href="https://investorplace.com/stock-quotes/eric-stock-quote/">ERIC</a>) and Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>) to bolster its position in <a href="https://www.dell.com/en-us/dt/corporate/newsroom/announcements/detailpage.press-releases~usa~2024~05~dell-technologies-and-ericsson-form-strategic-partnership-to-accelerate-telecom-network-cloud-transformation.htm#/filter-on/Country:en-us">telecom infrastructure</a> and <a href="https://www.dell.com/en-us/dt/corporate/newsroom/announcements/detailpage.press-releases~usa~2024~06~dell-technologies-and-broadcom-extend-commitment-to-serving-customers-and-partners-with-broad-jointly-engineered-hyperconverged-solutions-portfolio.htm#/filter-on/Country:en-us">hyperconverged solutions</a>. These initiatives aim to enhance profitability and market presence despite industry headwinds.



Looking forward, Dell Technologies anticipates improved growth through AI initiatives and strategic collaborations. These include involvement in Nvidia&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) <a href="https://www.dell.com/en-us/dt/corporate/newsroom/announcements/detailpage.press-releases~usa~2024~05~20240520-dell-technologies-expands-dell-ai-factory-with-nvidia-to-turbocharge-ai-adoption.htm#/filter-on/Country:en-us">upcoming Blackwell chip</a> and Elon Musk&rsquo;s <a href="https://x.com/MichaelDell/status/1803385185984974941">new xAI data center</a> in Austin.



DELL stock has gained over 63% year-to-date (YTD), backed by a 1.4% dividend yield. The shares are trading at reasonable valuations of 16.2 times forward earnings and 1 <a href="https://www.morningstar.com/stocks/xnys/dell/quote">times sales</a>. Analysts foresee potential upside, with a <a href="https://edition.cnn.com/markets/stocks/dell">12-month median price forecast</a> of $162.00 for DELL stock, suggesting a nearly 30% increase.



<h2>GoPro (GPRO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gopro_gpro1600-300x169.jpg" alt="image of a white GoPro (GPRO) branded camera"><div>Source: Larry George II / Shutterstock.com</div></div>GoPro (NASDAQ:<a href="https://investorplace.com/stock-quotes/gpro-stock-quote/">GPRO</a>) is renowned for capturing high-quality, immersive footage in extreme environments. Amid competitive pressures and advancements in smartphone camera technology, GPRO has also diversified into software. It offers image stabilization tools, mobile and desktop app editing and sharing solutions as well as auto-upload capabilities.



In early May, GoPro reported its <a href="https://investor.gopro.com/press-releases/press-release-details/2024/GoPro-Announces-First-Quarter-Results/default.aspx">first quarter of fiscal year 2024</a> results, with revenues of $155 million, surpassing guidance but down 11% YOY. The adjusted loss per share widened to 21 cents from 16 cents a year earlier. However, subscription and service revenue grew, with a first-quarter aggregate annual subscriber retention rate reaching an all-time high of 69%.



To expand beyond its core HERO camera line, GoPro <a href="https://gopro.com/en/us/news/gopro-forcite-helmets">acquired Forcite Helmet Systems</a>. This strategic move aims to enhance the company&rsquo;s product offerings in tech-enabled motorcycle helmets. Moreover, GoPro launched a <a href="https://investor.gopro.com/press-releases/press-release-details/2024/GoPro-Announces-Retail-Expansion-at-Best-Buy/default.aspx">major merchandising program</a> at Best Buy (NYSE:<a href="https://investorplace.com/stock-quotes/bby-stock-quote/">BBY</a>). As a result, it can showcase its products in nearly 900 stores across North America, including specialized Camera Experience Shops. Looking forward, management anticipates a return to growth and <a href="https://seekingalpha.com/article/4690446-gopro-inc-gpro-q1-2024-earnings-call-transcript">profitability in 2025</a>, supported by these strategic expansions and product innovations.



So far in 2024, GPRO stock has declined nearly 52%, currently trading favorably at 0.3 <a href="https://www.morningstar.com/stocks/xnas/gpro/quote">times sales</a>. Meanwhile, analysts&rsquo; <a href="https://edition.cnn.com/markets/stocks/gpro">12-month median price target</a> stands at $1.85, presenting an upside potential of 12% from the current levels.



<h2>Vuzix (VUZI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/vuzi-stock-1-300x169.jpg" alt="Vuzix (VUZI) branded AR glasses"><div>Source: zixia / Shutterstock.com</div></div>We conclude today&rsquo;s discussion with Vuzix (NASDAQ:<a href="https://investorplace.com/stock-quotes/vuzi-stock-quote/">VUZI</a>), a notable player among consumer tech stocks, specializing in wearable display technology, including AR glasses. Vuzix aims to transform digital interactions, making VUZI stock appealing for growth-focused investors.



For the<a href="https://ir.vuzix.com/news-events/press-releases/detail/2079/vuzix-reports-first-quarter-2024-results"> first quarter of 2024</a>, Vuzix reported $2 million in revenue, down 52% from the previous year. Loss per share stood flat at 16 cents. Ongoing net losses and cost-cutting measures have led to question marks among investors.



Despite setbacks, Vuzix is actively forming strategic partnerships to bolster its market position. Recently, it <a href="https://ir.vuzix.com/news-events/press-releases/detail/2087/vuzix-nasdaq-vuzi-and-avegant-announce-strategic">partnered with Avegant</a> to develop a new smart glasses, featuring full-color, lightweight designs with customizable features. Prototypes were showcased at AWE USA 2024, with a fully optimized version expected at CES 2025.



The AR market is projected to <a href="https://www.mordorintelligence.com/industry-reports/augmented-reality-market">grow from $42 billion in 2024</a> to over $248 billion by 2029, with a CAGR of 42.4%. Holding a strong intellectual property portfolio of approximately 375 patents and various licenses in optics, head-mounted displays and AR eyewear, Vuzix is well-positioned to benefit from this trend.



VUZI stock has dropped 31% YTD, currently changing hands at 9.1 <a href="https://www.morningstar.com/stocks/xnas/vuzi/quote">times sales</a>. Wall Street analysts have set a <a href="https://edition.cnn.com/markets/stocks/vuzi">12-month median price target</a> of $3.00 for VUZI stock, signaling a potential upside of over 107% from current levels.



On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-consumer-tech-powerhouses-to-buy-in-july/">3 Consumer Tech Powerhouses to Buy in July</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Consumer Tech Powerhouses to Buy in July

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Telefonaktiebolaget L M (ERIC) Forecast

Telefonaktiebolaget L M (NASDAQ:ERIC) Stock, Quote.Headers.trade-ideas