Ericsson Curtails Guidance Amid an Uncertain 2024. The Stock Tumbles.
The company’s decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.
Source: marketwatch.com
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Tech Earnings Season Starts Soon. Warnings Are Already Piling Up.
More tech companies are saying enterprise and telecom customers are slowing their spending.
Amit Daryanani Article Normal Computers Consumer Electronics Systems Software Telecommunications Equipment Financial Performance
Source: marketwatch.com
Ericsson to Book $2.9 Billion Charge on Vonage Business
By Will Feuer Ericsson will book a roughly $2.9 billion impairment charge tied to its cloud-communications business Vonage, which the Swedish...
Swedish Krona Will Feuer Article Normal Telecommunications Equipment Telecommunication Services Wired Telecommunications Services
Source: marketwatch.com
Cisco Stock Looks Like a Buy. AI Is Helping.
The component shortages are gone, and investors are trying to figure where the networking giant goes next. Here’s the case for the stock.
Source: marketwatch.com
Ericsson 2Q Sales SEK64.4B
By Dominic Chopping STOCKHOLM--Ericsson AB on Friday posted a smaller-than-expected second-quarter net loss and said trends and market mix will likely be...
United States North America Dominic Chopping Article Normal Telecommunications Equipment Financial Performance
Source: marketwatch.com
JPMorgan, Citigroup, Wells Fargo, UnitedHealth, Roivant, and More Market Movers
JPMorgan Chase, Wells Fargo, and Citigroup are scheduled to report earnings Friday, UnitedHealth raises its 2023 outlook, and Microsoft shares are upgraded.
Wells Fargo Wall Street Article Normal Electricity Gas Utilities Electric Power Distribution Computers Consumer Electronics
Source: marketwatch.com
Nokia, Ericsson Stocks Are Tumbling. U.S. Telecom Companies Are Cutting Back.
Nokia and Ericsson shares fell after both gave disappointing guidance on Friday and flagged a slowdown in North American sales.
Source: marketwatch.com
Ericsson and Nokia Warnings Trigger Broad Selling in Telco and Networking Stocks
Ericsson and Nokia are seeing signs of soft demand from U.S. telecom carriers. Both stocks are down, and the selloff is spreading.
Source: marketwatch.com
Nokia, Ericsson Shares Plunge as US Demand Slump Continues
By Dominic Chopping STOCKHOLM--Shares in Nokia and Ericsson plunged Friday after the Nordic telecom giants warned of an extended demand slump in North...
United States North America Article Normal Telecommunications Equipment Financial Performance Sales Figures
Source: marketwatch.com
ADRs End Lower, Ericsson, BRF and Vallourec Trade Actively
By Sabela Ojea International stocks trading in New York closed lower on Friday. The S&P/BNY Mellon index of American depositary receipts fell 0.6% to 157.67....
Source: marketwatch.com