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Ericsson's decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.
Tempest Therapeutics TPST, +85.16%, whose stock has gained 2710% over the last five days, saw its stock rise by 8% in premarket trade.
Shares of Ericsson fell as much as 9% in Stockholm trade as the Swedish telecommunications equipment maker withdrew its margin guidance for next year.
Ericsson's (ERIC) third-quarter 2023 top line is impacted by weak demand in North America and a slowdown in Vonage's core market.
The U.S.-listed shares ERIC, -1.96% ERIC.B, -0.71% of Ericsson accelerated to the downside in afternoon trading Wednesday, after the Sweden-based maker of telecommunications equipment said it would re
As the rollout of 5G, or fifth-generation wireless internet continues, there are many types of 5G stocks you can buy for exposure to this advancement in wireless telecommunications technology. For sc
Lackluster demand for 5G equipment has pressured the business throughout 2023 and the next 12-24 months aren't looking substantially better either. The company's other businesses, including CSS and En
Sweden's Ericsson said on Wednesday it has partnered with Deutsche Telekom to offer software tools for developers and business customers that will allow telecom operators to get more revenue.
RedCap is expected to broaden the connectivity options and expand the 5G ecosystem, generating incremental revenues for Ericsson (ERIC) in the long run.
Ericsson (ERIC) adds that these new inserts will bring down plastic content of the entire packaging to less than one percent compared with 20% earlier.
TDC NET selected Ericsson's (ERIC) dual mode 5G core solutions to upgrade 5G infrastructure in Denmark.
An increasingly connected world continues to demand lower latency from its devices. That demand sets up a positive situation for investors in 5G stocks.
M1 will utilize Ericsson's (ERIC) Router 6676 to improve scalability and network responsiveness with features like segment routing.
Chinese telecoms giant Huawei said Friday it had renewed a licensing agreement with Ericsson to use each other's technologies, in a rebuff to US warnings about the risk of espionage by Beijing.
The telecommunications industry is key to powering our digital lives. Providing consumers and businesses with not only basic access to the internet but also data servers and cloud networks.
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