Ericsson (NASDAQ:ERIC) shares are trading higher on Thursday after the company reported strong third-quarter earnings and revenue, driven by stronger mobile network demand and tighter cost controls. Separately, the company, along with Verizon Communications Inc.
(NYSE:VZ), completed the first pre-standard 6G field call in the 7 GHz band at a Verizon commercial network site in Concord, California. • Why are ERIC shares rallying?
Accelerate 6G Development The milestone moves Ericsson’s 6G proof-of-concept technology from laboratory testing into a live network environment. The setup uses a pre-standard 6G system with a 400 MHz carrier to evaluate performance in real-world conditions.
The field trials will assess coverage, throughput, latency, connection stability and feature performance across outdoor and indoor environments. Testing includes line-of-sight and obstructed signal paths, foliage, and signal penetration through different windows and building materials.
The equipment includes a base station housed separately at the site and user equipment installed in a small, mobile enclosure designed to test stationary outdoor and indoor radio configurations. 79 billion.
Organic sales grew 7%, while earnings of 18 cents per share beat the consensus estimate of 14 cents. 60.
20 on Oct. 8) Morgan Stanley: Downgraded to Underweight (Lowers target to $9 on Sept.
33) — Despite today’s pop, the broader momentum profile still lags, suggesting the longer trend hasn’t fully turned. 82) — The scorecard flags a healthier fundamental/operational backdrop versus many peers.
62) — Valuation screens as relatively attractive, which can help on pullbacks if the chart stabilizes. 98) — Growth factors are screening well, supporting the case for sustained interest if execution holds.
The Verdict: Ericsson’s signal reveals a quality-and-growth-leaning profile with supportive value characteristics, but still-soft momentum. For longer-term bulls, the setup improves most if the stock can reclaim the 100-day/200-day moving-average zone and hold above it on consolidations.
55 at the time of publication on Thursday, according to Benzinga Pro data.
