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Telefonaktiebolaget L M Stock (NASDAQ:ERIC), Short Interest Report

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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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Critics dismiss Broadcom&#39;s changes to cloud licensing, citing concerns over price increases, unfair terms, and bundling. EU regulators urged to investigate.

Broadcom Faces Backlash Over Licensing, EU Trade Groups Demand Investigation

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Shares of  Skillsoft Corp. (NASDAQ: SKIL) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued FY25 revenue guidance below estimates.

Why Skillsoft Shares Are Trading Lower By Around 27%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

ALHC

SMCI

U.S. stocks were mostly higher, with the Dow Jones index gaining over 100 points on Tuesday.

UnitedHealth Reports Upbeat Earnings, Joins Cullinan Oncology, Ericsson And Other Big Stocks Moving Higher On Tuesday

Ericsson - American Depositary Shares each representing 1 underlying Class B share

Telefonaktiebolaget L M Ericsson

Erickson Inc

On Monday, critics of&nbsp;Broadcom Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) dismissed the U.S. chipmaker&#8217;s revisions to its cloud licensing practices, arguing that the changes fail to resolve their concerns over alleged price increases, unfair software licensing terms, and product bundling.&nbsp;
Last week, Broadcom CEO Hock Tan announced in a blog post a series of modifications to the licensing conditions of the recently acquired cloud computing company VMware, following grievances from some EU business users and a trade group.
These&nbsp;adjustments included significant price reductions for VMware&#8217;s cloud platform and alterations that allow customers to transfer their workloads from their own data centers to&nbsp;cloud providers&nbsp;and among various cloud providers, Reuters reports.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38254776/broadcom-succumbs-to-eu-antitrust-investigation-over-vmware-licensing-prompting-swift-pricing-strate" rel="noreferrer noopener">Broadcom Succumbs to EU Antitrust Investigation Over VMware Licensing, Prompting Swift Pricing Strategy Revision</a>
However, trade body CISPE, with members like&nbsp;Amazon.Com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and 26 small EU cloud providers, along with the French association of business users Cigref and Austrian cloud service provider Anexia, both CISPE members, declared that the real issue lies not with Broadcom&#8217;s subscription license model.
In a joint statement, they criticized the substantial and unjustifiable price hikes, product&nbsp;rebundling, changes to the billing basis, and the imposition of unfair software licensing terms that limit choice and lock in customers and partners.&nbsp;
Broadcom, in response, stated that it was providing&nbsp;more&nbsp;choices&nbsp;for customers and partners.
The groups have urged EU antitrust regulators, who have sought opinions from rivals and customers, to investigate the matter.
Meanwhile,&nbsp;Oppenheimer&nbsp;analyst Rick Schafer has picked Broadcom as one of his top semiconductor picks, citing the combination of expanding earnings power over time, sticky/stable industrial/infrastructure exposure, and defensible technology.
According to the analyst, Broadcom will benefit from its position as the top high-speed networking/connectivity/custom computing supplier as the demand for data center artificial intelligence continues to&nbsp;rise.
Schafer&nbsp;said&nbsp;Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) noted some signs of improved carrier spending due to a 2% demand pickup in handset demand, which will likely be Broadcom.&nbsp;
Broadcom stock gained 93% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Pacer Funds Pacer Data And Digital Revolution ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRFK#NYSE">TRFK</a>) and&nbsp;Amplify ETF Trust Amplify Cybersecurity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HACK#NYSE">HACK</a>).
Price Action:&nbsp;AVGO shares traded lower by 0.70% at $1,233.01 premarket at the last check Tuesday.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38300201/broadcoms-ai-chips-forge-ahead-unlocking-billions-in-tech-potential-analysts-say" rel="noreferrer noopener">Broadcom&#8217;s AI Chips Forge Ahead Unlocking Billions in Tech Potential, Analysts Say</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

<ul>
<li>Global 5G leader to join Environment and Climate Change Canada's (ECCC) Net-Zero Challenge program aimed at reducing GHG emissions in cooperation with private sector companies.</li>
</ul>
TORONTO, April 22, 2024 &nbsp;/CNW/ --Ericsson Canada (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is proud to celebrate Earth Day today by announcing that it has joined Environment and Climate Change Canada's <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4145979-1&amp;h=713490832&amp;u=https%3A%2F%2Fwww.canada.ca%2Fen%2Fservices%2Fenvironment%2Fweather%2Fclimatechange%2Fclimate-plan%2Fnet-zero-emissions-2050%2Fchallenge.html&amp;a=Net-Zero+Challenge">Net-Zero Challenge</a> program. The Net-Zero Challenge is an initiative that aims to encourage businesses operating in Canada to develop and implement credible and effective plans to transition their facilities and operations to net-zero emissions by 2050.
"As part of our commitment to advancing our climate action initiatives here in Canada and around the globe, we are thrilled to join the Government of Canada's Net-Zero Challenge," says Jeanette Irekvist, President, Ericsson Canada. "As a technology leader with a strong foundation in research and development, we understand our climate impacts and the importance of limiting global warming to 1.5°C. Our climate commitment already extends throughout our value chain, committing to become net-zero by 2040, and we look forward to joining the momentum of this program."
5G networks are the technological backbone of society and represent an opportunity to digitalize industries and significantly reduce global CO2 emissions. Through energy efficient network solutions, Ericsson is acting as a key enabler in reducing emissions, for not only its industry, but the many energy-intensive industries that its customers operate in. While the Information and Communications Technology (ICT) sector is responsible for only 1.4 per cent of the global carbon footprint, it has the potential to enable a 15-20 per cent reduction of emissions across industries by 2030 through connectivity solutions.
"We've received an incredible response from the private sector since the Net-Zero Challenge was launched in August 2022, with over 180 companies participating to date," said the Honourable Steven Guilbeault, Minister of Environment and Climate Change. "In committing to net-zero, leading companies like Ericsson are taking action now to help safeguard Canada's environment for our children and grandchildren. Together, the participants of the Net-Zero Challenge are stimulating innovation, demonstrating corporate responsibility, and ensuring their long-term competitiveness in a decarbonizing global economy. I encourage all businesses with net-zero ambitions to join the Challenge!"
Through a rigorous and credible framework, the Net-Zero Challenge promotes net-zero planning that supports businesses to achieve their climate goals&nbsp;– including Ericsson Canada's customers and partners. However, reaching net-zero can only be attained with collaboration across all sectors of the economy.
Added Irekvist: "We are already working with countless other extraordinary organizations across all sectors to continue to press ahead with the transformational change needed to meet our collective sustainability goals. We're confident in the goals we have laid down and are committed to helping both our customers and Canada achieve notable success in this vital space."

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Ericsson Joins Government Of Canada Initiative On The Road To Net-Zero

Partnership to drive rapid application development across multiple markets with network, edge and communications application programming interfaces (APIs)

Ericsson's Vonage And Singtel Partner To Accelerate Global Enterprise And Telco Innovation And Digital Transformation

WIIM

Ericsson shares are trading higher in sympathy with Nokia, which gained after reporting Q1 financial results.

<a href="https://www.wsj.com/tech/ericsson-lays-off-more-than-200-employees-in-china-f4ab7db3" title="https://www.wsj.com/tech/ericsson-lays-off-more-than-200-employees-in-china-f4ab7db3">https://www.wsj.com/tech/ericsson-lays-off-more-than-200-employees-in-china-f4ab7db3</a>
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Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally.
&nbsp;
Ericsson said the positions would be cut in line with the company&rsquo;s effort to diversify its research and development footprint to better align with its sales globally. The employees impacted would be in its core network R&amp;D division in China, a spokesman said.

Rumors

'Ericsson Lays Off More Than 200 Employees In China; The Employees Impacted Would Be In Its Core Network R&D Division In China, A Spokesman Said' - WSJ

Nex-Tech Wireless Partners With Ericsson To Provide Connectivity Solutions To Kansas Communities

Shares of Skillsoft Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skil#NASDAQ">SKIL</a>) fell sharply during Tuesday&rsquo;s session after the company reported mixed fourth-quarter financial results and issued FY25 revenue guidance below estimates.
Skillsoft posted adjusted loss of $3.09 per share, versus market estimates of $3.27 per share. The company&rsquo;s quarterly sales came in at $137.540 million versus expectations of $141.897 million.
Skillsoft shares dipped 26.7% to $6.74 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>WiSA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wisa#NASDAQ">WISA</a>) jumped 85% to $3.2379 after the company announced a 5-year WiSA E licensing agreement with an HDTV/PTV brand.</li>
<li>Palisade Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pali#NASDAQ">PALI</a>) shares climbed 79.1% to $7.45 after the company announced the completion of analysis evaluating ex-vivo bioactivation of PALI-2108.</li>
<li>Jaguar Health, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jagx#NASDAQ">JAGX</a>) shares gained 67% to $0.1989 after the company signed an exclusive 5-year in-license agreement with Venture Life Group for Gelclair.</li>
<li>Dynatronics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dynt#NASDAQ">DYNT</a>) shares rose 44.4% to $0.5342 after dipping over 5% on Monday.</li>
<li>IMAC Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/back#NASDAQ">BACK</a>) surged 40% to $4.69.</li>
<li>Peraso Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prso#NASDAQ">PRSO</a>) gained 38.8% to $1.75. Peraso recently announced that it received an additional $2.88 million purchase order.</li>
<li>Macatawa Bank Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcbc#NASDAQ">MCBC</a>) rose 38.8% to $13.78 after Wintrust Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wftc#NASDAQ">WFTC</a>) and Macatawa Bank announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction.</li>
<li>China SXT Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sxtc#NASDAQ">SXTC</a>) jumped 29.9% to $1.52.</li>
<li>Dragonfly Energy Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dfli#NASDAQ">DFLI</a>) gained 26.7% to $0.57 after the company posted a profit for the fourth quarter.</li>
<li>Intra-Cellular Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itci#NASDAQ">ITCI</a>) gained 24.1% to $80.39 after the company announced Lumateperone 42 mg once daily as adjunctive therapy to antidepressants met its primary endpoint.</li>
<li>Cullinan Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgem#NASDAQ">CGEM</a>) jumped 20.4% to $19.93. The company announced its plan to expand into autoimmune diseases.</li>
<li>Taoping Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/taop#NASDAQ">TAOP</a>) shares gained 14.1% to $0.97 after dipping 20% on Monday.</li>
<li>BioSig Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsgm#NASDAQ">BSGM</a>) climbed 13.1% to $1.2439.</li>
<li>NextNav Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nn#NASDAQ">NN</a>) gained 13.1% to $7.98.</li>
<li>UnitedHealth Group Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unh#NYSE">UNH</a>) jumped 6.2% to $473.20 following better-than-expected first-quarter earnings.</li>
<li>Contineum Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctnm#NASDAQ">CTNM</a>) gained 6.1% to $15.50.</li>
<li>Telefonaktiebolaget LM Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) rose 4.7% to $5.01 after the company reported better-than-expected first-quarter EPS results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bned#NYSE">BNED</a>) shares dipped 58.2% to $0.2947 after the company announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Calidi Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cldi#NASDAQ">CLDI</a>) fell 54.8% to $0.2711 after the company announced the pricing of a $6.1 million public offering.</li>
<li>Nexalin Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxl#NASDAQ">NXL</a>) fell 46% to $1.07.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacb#NASDAQ">PACB</a>) fell 40.2% to $1.6999 after the company issued weak guidance.</li>
<li>Ryvyl Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvyl#NASDAQ">RVYL</a>) fell 29.3% to $1.44 after the company announced the launch of a proposed underwritten public offering.</li>
<li>Beneficient (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/benf#NASDAQ">BENF</a>) dipped 25% to $0.0676. Beneficient announced a reverse stock split to regain compliance with Nasdaq&#39;s minimum bid price.</li>
<li>PainReform Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prfx#NASDAQ">PRFX</a>) fell 23.3% to $0.7515 after the company priced its $4 million public offering.</li>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) dipped 23.3% to $2.46. Siyata Mobile filed for offering of maximum of $4 million of common shares.</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kavl#NASDAQ">KAVL</a>) fell 22.2% to $4.90.</li>
<li>ParaZero Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/przo#NASDAQ">PRZO</a>) fell 18% to $0.91 after the company announced its intention to enter the counter unmanned aircraft system market.</li>
<li>Complete Solaria, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cslr#NASDAQ">CSLR</a>) dipped 16.5% to $0.2167.</li>
<li>SolarMax Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smxt#NASDAQ">SMXT</a>) fell 13.4% to $12.91.</li>
<li>Addex Therapeutics Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adxn#NASDAQ">ADXN</a>) declined 10.8% to $22.07 after falling around 3% on Monday.</li>
<li>Inovio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ino#NASDAQ">INO</a>) shares declined 10.3% to $9.87. INOVIO priced its $36 million underwritten offering of 2,536,258 common stock at $7.693 per share.</li>
<li>First Majestic Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ag#NYSE">AG</a>) fell 10.2% to $6.72.</li>
<li>SciSparc Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sprc#NASDAQ">SPRC</a>) fell 10.1% to $1.33 after declining around 6% on Monday. The company recently announced the acquisition of AutoMax.</li>
<li>Qilian International Holding Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qli#NASDAQ">QLI</a>) fell 9.1% to $0.6303 after declining around 8% on Monday.</li>
<li>ProFrac Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acdc#NASDAQ">ACDC</a>) fell 8.6% to $7.76.</li>
<li>Adlai Nortye Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anl#NYSE">ANL</a>) declined 7.4% to $9.80.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnac#NASDAQ">RNAC</a>) fell 6.9% to $17.69.</li>
<li>MINISO Group Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NASDAQ">MNSO</a>) fell 6.8% to $19.33.</li>
<li>ArcelorMittal SA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mt#NYSE">MT</a>) shares fell 6.6% to $25.16 after Deutsche Bank downgraded the stock from Buy to Hold.</li>
<li>Live Nation Entertainment, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyv#NYSE">LYV</a>) fell 5.8% to $94.00 following a report indicating the Justice Department will file an antitrust lawsuit against the company.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38271269/dow-gains-over-100-points-bank-of-america-posts-upbeat-profit"> Dow Gains Over 100 Points; Bank of America Posts Upbeat Profit</a>

Why Skillsoft Shares Are Trading Lower By Around 27%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stocks were mostly higher, with the Dow Jones index gaining over 100 points on Tuesday.
Shares of UnitedHealth Group Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unh#NYSE">UNH</a>) rose sharply during Tuesday&rsquo;s session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/04/38267213/investors-cheer-unitedhealths-q1-earnings-despite-cyberattack-fallout-taking-872m-hit-from-hack">first-quarter earnings</a>.
The company reported adjusted EPS of $6.91, up from $6.26 a year ago, beating the consensus of $6.62. UnitedHealth&rsquo;s revenues increased nearly $8 billion to $99.8 billion, beating the consensus of $99.3 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
UnitedHealth Group shares surged 6.2% to $473.20 on Tuesday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Macatawa Bank Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcbc#NASDAQ">MCBC</a>) shares jumped 38.8% to $13.78 after Wintrust Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wftc#NASDAQ">WFTC</a>) and Macatawa Bank announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction.</li>
<li>Intra-Cellular Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itci#NASDAQ">ITCI</a>) rose 24.1% to $80.39 after the company announced Lumateperone 42 mg once daily as adjunctive therapy to antidepressants met its primary endpoint.</li>
<li>Cullinan Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgem#NASDAQ">CGEM</a>) gained 20.4% to $19.93. The company announced its plan to expand into autoimmune diseases.</li>
<li>NextNav Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nn#NASDAQ">NN</a>) shares jumped 13.1% to $7.98.</li>
<li>Alignment Healthcare, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alhc#NASDAQ">ALHC</a>) rose 7.1% to $5.05. Alignment Healthcare is expected to release its first quarter 2024 financial results on May 2, after the closing bell.</li>
<li>Kenon Holdings Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ken#NYSE">KEN</a>) gained 7% to $21.04.</li>
<li>Contineum Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctnm#NASDAQ">CTNM</a>) climbed 6.1% to $15.50.</li>
<li>Global Blue Group Holding AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gb#NYSE">GB</a>) gained 5.6% to $5.14.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) rose 5.4% to $930.00. Loop Capital analyst Ananda Baruah maintained Super Micro Computer with a Buy and raised the price target from $600 to $1,500.</li>
<li>Telefonaktiebolaget LM Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) gained 4.7% to $5.01 after the company reported better-than-expected first-quarter EPS results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/04/38268727/top-4-tech-stocks-you-may-want-to-dump-in-april"> Top 4 Tech Stocks You May Want To Dump In April</a>

Shares of Macatawa Bank Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcbc#NASDAQ">MCBC</a>) rose sharply in today&rsquo;s pre-market trading after Wintrust Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wftc#NASDAQ">WFTC</a>) and Macatawa Bank announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in <a href="https://www.benzinga.com/m-a/24/04/38259312/macatawa-bank-stock-soars-on-merger-agreement-whats-going-on">an all-stock transaction</a>.
Macatawa Bank shares jumped 37% to $13.60 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Dynatronics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dynt#NASDAQ">DYNT</a>) shares rose 69.8% to $0.6301 in pre-market trading after dipping over 5% on Monday.</li>
<li>Dragonfly Energy Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dfli#NASDAQ">DFLI</a>) gained 55% to $0.6974 in pre-market trading after the company posted a profit for the fourth quarter.</li>
<li>WiSA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wisa#NASDAQ">WISA</a>) shares gained 34.2% to $2.35 in pre-market trading after falling around 23% on Monday.</li>
<li>Mobilicom Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mob#NASDAQ">MOB</a>) shares gained 24.8% to $1.56 in pre-market trading.</li>
<li>Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shph#NASDAQ">SHPH</a>) gained 19.5% to $0.4895 in pre-market trading.</li>
<li>Taoping Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/taop#NASDAQ">TAOP</a>) shares gained 17.7% to $1.00 in pre-market trading after dipping 20% on Monday.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) shares rose 17.4% to $0.47 in pre-market trading after jumping 45% on Monday.</li>
<li>Kaixin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kxin#NASDAQ">KXIN</a>) shares gained 15.6% to $0.1735 in pre-market trading after dipping 16% on Monday.</li>
<li>Telefonaktiebolaget LM Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) rose 7.7% to $5.16 in today&rsquo;s pre-market trading after the company reported better-than-expected first-quarter EPS results.</li>
</ul>
<h3>
Losers</h3>
<ul>
<li>Ryvyl Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvyl#NASDAQ">RVYL</a>) fell 38.7% to $1.25 in pre-market trading after the company announced the launch of a proposed underwritten public offering.</li>
<li>Inovio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ino#NASDAQ">INO</a>) shares declined 24.3% to $8.32 in pre-market trading. INOVIO priced its $36 million underwritten offering of 2,536,258 common stock at $7.693 per share.</li>
<li>Calidi Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cldi#NASDAQ">CLDI</a>) fell 18.3% to $0.49 in pre-market trading after dipping around 14% on Monday.</li>
<li>Qilian International Holding Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qli#NASDAQ">QLI</a>) fell 10.3% to $0.6220 in pre-market trading after declining around 8% on Monday.</li>
<li>Enservco Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ensv#NASDAQ">ENSV</a>) fell 10.7% to $0.2820 pre-market trading. Enservco recently posted a wider-than-expected quarterly loss.</li>
<li>&nbsp;</li>
<li>SciSparc Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sprc#NASDAQ">SPRC</a>) fell 10.1% to $1.34 in pre-market trading after declining around 6% on Monday. The company recently announced the acquisition of AutoMax.</li>
<li>&nbsp;</li>
<li>U.S. Energy Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/useg#NASDAQ">USEG</a>) shares fell 9.3% to $1.25 in pre-market trading after gaining around 7% on Monday.</li>
<li>Addex Therapeutics Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adxn#NASDAQ">ADXN</a>) declined 9.1% to $22.50 in pre-market trading after falling around 3% on Monday.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) shares fell 8.9% to $9.11 in pre-market trading. Groupon said Italian tax authorities have placed a lien on Groupon S.r.l.&#39;s bank account, which currently restricts outgoing payments from that account.</li>
<li>Live Nation Entertainment, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyv#NYSE">LYV</a>) fell 7.8% to $92.02 pre-market trading following a report indicating the Justice Department will file an antitrust lawsuit against the company.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38263260/bank-of-america-morgan-stanley-and-3-stocks-to-watch-heading-into-tuesday"> Bank of America, Morgan Stanley And 3 Stocks To Watch Heading Into Tuesday</a>

Pre-Market Outlook

ENSV

GRPN

KXIN

SHPH

SPCB

USEG

Why Macatawa Bank Shares Are Trading Higher By Around 37%; Here Are 20 Stocks Moving Premarket

<h3>Companies Reporting Before The Bell</h3>
&bull; Traws Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) is expected to report earnings for its fourth quarter.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $5.34 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $25.45 billion.
&bull; PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is projected to report quarterly earnings at $3.03 per share on revenue of $5.19 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $4.38 billion.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is likely to report quarterly earnings at $2.64 per share on revenue of $21.41 billion.
&bull; UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $99.47 billion.
&bull; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $14.43 billion.
&bull; Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is projected to report quarterly earnings at $1.44 per share on revenue of $1.75 billion.
&bull; Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $390.36 million.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is likely to report quarterly earnings at $1.14 per share on revenue of $55.38 million.
<h3>Companies Reporting After The Bell</h3>
&bull; CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is likely to report quarterly loss at $0.35 per share on revenue of $1.80 million.
&bull; Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) is expected to report quarterly loss at $0.18 per share on revenue of $2.64 million.
&bull; Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $11.47 million.
&bull; GameSquare Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) is expected to report quarterly loss at $0.23 per share on revenue of $16.50 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is projected to report quarterly earnings at $0.85 per share on revenue of $52.81 million.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $1.54 per share on revenue of $3.62 billion.
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.59 per share on revenue of $3.16 billion.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.18 per share on revenue of $357.17 million.
&bull; America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $11.98 billion.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is likely to report quarterly loss at $0.56 per share on revenue of $12.43 billion.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $208.99 million.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.60 per share on revenue of $1.18 billion.
&bull; Ontrak (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTRK#NASDAQ">OTRK</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Earnings

CBSH

CXAI

EQBK

FULT

GAME

IBKR

JBHT

MBWM

NTRS

OTRK

SGBX

TRAW

XELB

Earnings Scheduled For April 16, 2024

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>)&nbsp;shares are trading higher after it reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38263336/ericsson-reports-first-quarter-results-2024" rel="noreferrer noopener">first-quarter FY24 results</a>.
Sales declined 15% Y/Y to SEK53.3 billion. In USD, sales of $5.13 billion missed the consensus of $5.34 billion.
Group organic sales declined by 14% Y/Y due to a decline of 19% in the Networks business as the customers continued to be cautious with their investments.
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36797671/ericsson-powers-up-secures-eur-420m-boost-for-next-gen-wireless-technology" rel="noreferrer noopener">Ericsson Powers Up: Secures EUR 420M Boost For Next-Gen Wireless Technology</a>
Excluding restructuring charges, the gross margin improved to 42.7% from 39.8% a year ago, led by a competitive product portfolio, cost initiatives, improved commercial discipline, and increased IPR licensing revenues.
Adjusted EBIT margin improved to 8.1% from 6.4% a year ago. Adjusted EBITA margin improved to 9.6% from 7.7% a year ago.
Ericsson reported an EPS of SEK 0.77 (+71% Y/Y). In USD, EPS of $0.07 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.05</a>.&nbsp;
Free cash flow before M&amp;A was SEK 3.7 billion in the quarter, benefiting from the operational improvements and lower working capital as it concluded an intense 5G roll-out phase in India.
As of March 31, 2024, net cash stood at SEK 10.8 billion.&nbsp;
Outlook: In FY24, the company expects a further decline in the RAN market, at least through the end of this year, as customers remain cautious with their investments and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">normalization of the pace of investment in India</a>.&nbsp;
Ericsson projects the sales to stabilize during the second half of the year, benefiting from recent contract wins and the normalization of customer inventory levels in North America.&nbsp;
In the second quarter, the company anticipates Networks gross margin (excluding restructuring charges) of 42%-44%, with margins to benefit from the improved business mix in the year&#8217;s second half.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Digital Infrastructure And Real Estate ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Defiance Next Gen Connectivity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIVG#NYSE">FIVG</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37916728/ericsson-cuts-1-200-swedish-jobs-due-to-falling-orders" rel="noreferrer noopener">Ericsson Cuts 1,200 Swedish Jobs Due to Falling Orders</a>
Price Action: ERIC shares are up 7.93% at $5.17 premarket on the last check Tuesday.
Photo by Mats Wiklund via Shutterstock

Equities

Large Cap

Guidance

FIVG

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT

Why Ericsson Shares Are Higher Premarket Tuesday

Ericsson shares are trading higher after the company reported better-than-expected Q1 EPS results.

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.05 by 48 percent. This is a 7.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $5.13 billion which missed the analyst consensus estimate of $5.34 billion by 3.91 percent. This is a 14.30 percent decrease over sales of $5.99 billion the same period last year.

Ericsson Q1 EPS $0.07 Beats $0.05 Estimate, Sales $5.13B Miss $5.34B Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3>Xerox Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xrx#NYSE">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 5.93%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and raised the price target from $16 to $18 on Jan. 26, 2024. This analyst has an accuracy rate of 71%.</li>
<li>Credit Suisse analyst Shannon Cross maintained an Underperform rating and boosted the price target from $9 to $11 on July 26, 2023. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On April 2, Xerox announced new partnership with PBS Group in Peru and Ecuador.</li>
</ul>
<h3>Telefonaktiebolaget LM Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>)</h3>
<ul>
<li>Dividend Yield: 5.11%</li>
<li>JP Morgan analyst Sandeep Deshpande downgraded the stock from Overweight to Neutral on Nov. 30, 2023. This analyst has an accuracy rate of 75%.</li>
<li>Raymond James analyst Simon Leopold downgraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: Ericsson announced that on March 28, 2024, the US Department of Justice has certified that its anti-corruption compliance program has satisfied requirements and is functioning effectively.</li>
</ul>
<h3>Methode Electronics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mei#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 4.47%</li>
<li>Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On April 8, Methode Electronics said CFO Ronald Tsoumas is retiring from the company, effective July 12, 2024.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38244013/over-1m-bet-on-this-consumer-cyclical-stock-check-out-these-3-stocks-insiders-are-buying"> Over $1M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying</a>

Dividends

Price Target

Analyst Ratings

Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks With Over 4% Dividend Yields

APPN

ASAN

AUUD

ENPH

FORTY

GRRR

INTC

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

OUST

PCOR

QCOM

SVRE

SWKS

VERI

VIAO

VSAT

Shares of several companies in the broader technology sector are trading lower as Treasury yields rise following hotter-than-expected March inflation data.

Ericsson Announced That On March 28, 2024, The US Department Of Justice Has Certified That Its Anti-corruption Compliance Program Has Satisfied Requirements And Is Functioning Effectively

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) has announced plans to lay off 1,200 employees in Sweden to adjust to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36737778/ericssons-q4-sales-plunge-16-as-global-challenges-weigh-forecasts-further-decline-outside-china" rel="noreferrer noopener">decreased demand and</a>&nbsp;the cautious approach of mobile service providers towards orders.&nbsp;
This workforce reduction is part of a broader strategy to cut costs, which includes downsizing facilities, lessening reliance on consultancy services, and streamlining existing&nbsp;<a target="_blank" href="https://www.ericsson.com/en/press-releases/2024/3/ericsson-announces-headcount-reduction" rel="noreferrer noopener">processes</a>.&nbsp;
These job cuts, which account for approximately 8.6% of Ericsson&#8217;s Swedish workforce as of the end of 2023, are currently under discussion with labor unions.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36190702/whats-going-on-with-nokia-stock-tuesday" rel="noreferrer noopener">Nokia Cuts Financial Outlook Amid Market Challenges, Adjusts 2026 Margin Target</a>
This move reflects the broader challenges facing the European telecom equipment sector, with companies like Ericsson and&nbsp;Nokia Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) needing help in recovering from a widespread spending slowdown within the mobile services industry, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-25/ericsson-to-cut-1-200-jobs-in-sweden-to-cope-with-lower-spending?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reflects</a>.
Ericsson had previously signaled a pessimistic outlook for 2024, predicting a continued market decline outside China due to investment levels by operators being critically low.&nbsp;
Analysts anticipate that Ericsson will experience a surge in the latter half of 2024 due to its $14 billion agreement with&nbsp;AT&amp;T Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>).
The reduction in network expenditure by mobile carriers, coupled with concerns over the competitive landscape in Europe affecting investment returns, poses significant challenges for Ericsson and Nokia.&nbsp;
Additionally, the rise of open radio access network (RAN) technologies threatens to intensify competition by enabling carriers to diversify their vendor base more efficiently.
This announcement follows Ericsson&#8217;s decision a year before to reduce its global staff by 8,500 employees, representing around 8% of its total workforce, to navigate the challenging market conditions.&nbsp;
Nokia, another key player in the industry, had also revealed plans to eliminate up to 14,000 jobs, or 16% of its workforce.
Ericsson stock gained 8% in last six months. Investors can gain exposure to the stock via&nbsp;IShares U.S. Digital Infrastructure And Real Estate ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Defiance Next Gen Connectivity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIVG#NYSE">FIVG</a>).
Price Action:&nbsp;ERIC shares traded lower by 0.18% at $5.42 on the last check Monday.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37239259/nokia-and-nvidia-join-forces-to-transform-telecom-with-ai-driven-ran-technology" rel="noreferrer noopener">Nokia and Nvidia Join Forces to Transform Telecom with AI-Driven RAN Technology</a>
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

Ericsson Cuts 1,200 Swedish Jobs Due to Falling Orders

&nbsp;Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) expects a challenging mobile networks market in 2024, with further volume contraction&nbsp; as customers remain cautious. In line with managing lower volumes, Ericsson today announces proposed staff reductions in Sweden. This measure is part of the global initiatives to improve the cost position, including headcount reductions, while maintaining investments critical to Ericsson&rsquo;s technology leadership. Initiatives to increase operational efficiency will continue during 2024 but will not be announced separately 
As part of these ongoing global initiatives, Ericsson now announces a headcount reduction of approximately 1,200 in Sweden. The Company has initiated negotiations with the unions.

Ericsson To Reduce Workforce By 1,200 In Sweden As Part Of Global Cost-Saving Measures

<ul>
<li>New entity named Ericsson Federal Technologies Group (EFTG) dedicated to accelerating digital modernization across multiple U.S. Government, state and federal agencies&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</li>
<li>Ericsson meets U.S. Government requirements for 5G networks, including support for open interfaces and equipment Made in the USA&#x2A;&nbsp;&nbsp;</li>
<li>Newly appointed Chief Executive Officer, Christopher Ling, has extensive experience in growing federal and commercial businesses in advanced technologies</li>
</ul>
STOCKHOLM, March 19, 2024 /PRNewswire/ -- Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) today established Ericsson Federal Technologies Group (EFTG), a new entity dedicated to delivering 5G-driven digital transformation across multiple agencies in the U.S. federal government. 5G communications technology is vital to U.S. national and economic security and a key component of U.S. defense modernization programs.
The U.S. Government (USG)'s digital transformation intends to accelerate innovation by focusing on the speedy adoption of commercial technologies. As the market leader in 5G, Ericsson recognizes the importance of a continued commitment to customers, investments in new technologies to continuously improve services, and the responsibility to national security.
Yossi Cohen, President and Head of Ericsson North America, says: "Connecting individuals, businesses, and national security depends on secure, reliable, and resilient 5G infrastructure. We are excited to build on existing projects with the US government including the DoD where Ericsson provides the foundation for multiple 5G prototype deployments and expand into additional government agencies with our innovation and leadership."
EFTG will be led by Christopher Ling who has extensive experience in growing federal and commercial businesses in advanced technology and cybersecurity. Ling previously worked at Booz Allen Hamilton, where he held numerous positions over an almost three-decade career with the firm, most recently as the Executive Vice President and Group Lead of the National Security Business in the U.S.
Christopher Ling, Chief Executive Officer of Ericsson Federal Technologies Group, says: "Ericsson has been connecting the U.S. for more than 120 years, and I could not be more thrilled to join a company so steeped in resilience, connectivity, and security. As the DoD looks to connect under one secure, unified communication system, I believe 5G is the solution to keep America secure and competitive."
Ericsson meets USG requirements for 5G networks, including support for Open RAN-ready technologies and equipment Made in the USA&#x2A; from its Texas-based USA 5G Smart Factory. In addition, EFTG will have a dedicated team who can leverage Ericsson's leading technology portfolio and investment, providing capabilities to develop solutions for the USG's most complex communications challenges, such as connectivity and interoperability between multi-domain operations.

Ericsson Deepens U.S. Engagement By Establishing Ericsson Federal Technologies Group

https://www.ericsson.com/en/press-releases/5/2024/ericsson-and-mobily-evolve-network-in-saudi-arabia-with-open-ran#:~:text=Ericsson%20(NASDAQ%3A%20ERIC)%20and,on%20boosting%20the%20network's%20flexibility

'Ericsson And Mobily Evolve Network In Saudi Arabia With Open RAN' - Ericsson

Biggest stock movers today: TSLA, UNH, ERIC, LYV, and more

Ericsson: An Earnings Review Following Q1 2024

Telefonaktiebolaget LM Ericsson Class B (ERIC) has released an update. Ericsson reported a 14% year-over-year organic sales decline in Q1 2024, wit...

Ericsson Q1 2024: Margin Growth Amid Sales Dip

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Telefonaktiebolaget LM Ericsson (ERIC – Research R...

Analysts Have Conflicting Sentiments on These Technology Companies: Telefonaktiebolaget LM Ericsson (ERIC) and Corpay Inc (CPAY)

Ericsson Lays Off More Than 200 Employees in China

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Ericsson (NASDAQ:<a href="https://investorplace.com/stock-quotes/eric-stock-quote/">ERIC</a>) layoffs are a hot topic on Thursday as reports claim that the telecommunications giant is preparing to cut jobs.



According to <a href="https://www.wsj.com/tech/ericsson-lays-off-more-than-200-employees-in-china-f4ab7db3">a company spokesperson</a>, Ericsson is going to reduce its headcount by more than 200 employees. These job cuts are coming for workers based in its Chinese research and development division.



Investors will note that these layoffs were announced shortly after the release of Ericsson&rsquo;s Q1 earnings report. The company warned of headwinds in this latest report.



Here&rsquo;s what Ericsson CEO B&ouml;rje Ekholm <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318239359&amp;type=PDF&amp;symbol=ERIC&amp;cdn=39f9b8024e64ac39f999d74607b6d269&amp;companyName=Ericsson&amp;formType=6-K&amp;formDescription=Report+of+foreign+private+issuer+pursuant+to+Rule+13a-16+or+15d-16+under+the+Securities+Exchange+Act+of+1934&amp;dateFiled=2024-04-17">said in that report</a>.




&ldquo;We expect a further decline in the RAN market, at least through the end of this year, as customers remain cautious with their investments and the pace of investment in India continues to normalize. Dell&rsquo;Oro estimates the global RAN equipment market will decline by -4% in 2024, which may prove optimistic.&rdquo;




<h2>Ericsson Joins Layoffs Trend</h2>



More and more companies have been announcing layoffs recently as they deal with continued economic pressure. Two factors behind this are rising inflation and the increased interest rates trying to combat that.



This is weighing on companies as it affects consumer habits. That has many cutting jobs as a way to reduce costs until inflation settles down.



ERIC stock is up 2.7% as of Thursday morning and is down 18.2% since the start of the year.



Investors seeking out more of the most recent stock market news are in luck!



We have all of the hottest market happenings worth reading about on Thursday! That includes layoffs at Rivian&nbsp;Automotive&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) and Walgreens&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/wba-stock-quote/">WBA</a>), as well as other market news. You can catch up on that info below!



<h2>More Thursday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/04/rivian-layoffs-2024-what-to-know-about-the-latest-round-of-rivn-job-cuts/">Rivian Layoffs 2024: What to Know About the Latest Round of RIVN Job Cuts</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-lithium-americas-lac-stock-down-28-today/">Why Is Lithium Americas (LAC) Stock Down 28% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/walgreens-layoffs-2024-what-to-know-about-the-latest-wba-job-cuts/">Walgreens Layoffs 2024: What to Know About the Latest WBA Job Cuts</a></li>
</ul>On the date of publication, William White 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>.
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	The post <a href="https://investorplace.com/2024/04/ericsson-layoffs-2024-what-to-know-about-the-latest-ericsson-job-cuts/">Ericsson Layoffs 2024: What to Know About the Latest Ericsson Job Cuts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Ericsson Layoffs 2024: What to Know About the Latest Ericsson Job Cuts

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Lion Electric (NYSE:<a href="https://investorplace.com/stock-quotes/lev-stock-quote/">LEV</a>) layoffs are coming for the electric vehicle (EV) company&rsquo;s employees as it focuses on ways to reduce costs.



A new statement from the company notes that it will be <a href="https://seekingalpha.com/news/4090868-lion-electric-initiates-more-job-cuts-and-cost-cutting-measures">cutting 120 jobs</a>. Investors will note that Lion Electric employs roughly 1270 workers. That will leave it with about 1,150 employees after these cuts.



Lion Electric says that these job cuts will mostly affect its employees in Canada. Specifically, it&rsquo;s targeting those in its overhead and product development divisions. The cuts are part of its internal measures to reduce its operating expenses.



Lion Electric is looking at <a href="https://www.barchart.com/story/news/25569673/electric-vehicle-maker-lion-electric-cuts-about-120-jobs-as-it-looks-to-reduce-costs">other ways to save money</a> as well. That includes cutting costs in third-party inventory logistics, lease expenses, consulting, product development and professional fees.



<h2>Ongoing Lion Electric Layoffs</h2>



Lion Electric also announced layoffs late last year that affected 150 workers. These were in its production overhead, manufacturing, product development and administrative units. Those layoffs affected both its U.S. and Canadian employees.



The latest layoffs are an ongoing sign of a tough economy. Inflation and interest rates continue to keep companies looking for more ways to reduce costs. That could continue through 2024 with more layoffs.



LEV stock is down 8.6% as of Thursday morning.



Investors will find more of the most recent stock market stories below!



We have all of the hottest market news ready to go on Thursday! Among that are layoffs from Ericsson&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/eric-stock-quote/">ERIC</a>), Rivian&nbsp;Automotive&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>)&nbsp;and Walgreens&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/wba-stock-quote/">WBA</a>). You can catch up on this news at the following links!



<h2>More Stock Market News for Thursday</h2>



<ul><li><a href="https://investorplace.com/2024/04/ericsson-layoffs-2024-what-to-know-about-the-latest-ericsson-job-cuts/">Ericsson Layoffs 2024: What to Know About the Latest Ericsson Job Cuts</a></li>



<li><a href="https://investorplace.com/2024/04/rivian-layoffs-2024-what-to-know-about-the-latest-round-of-rivn-job-cuts/">Rivian Layoffs 2024: What to Know About the Latest Round of RIVN Job Cuts</a></li>



<li><a href="https://investorplace.com/2024/04/walgreens-layoffs-2024-what-to-know-about-the-latest-wba-job-cuts/">Walgreens Layoffs 2024: What to Know About the Latest WBA Job Cuts</a></li>
</ul>On the date of publication, William White 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>.
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	The post <a href="https://investorplace.com/2024/04/lion-electric-layoffs-2024-what-to-know-about-the-latest-lev-job-cuts/">Lion Electric Layoffs 2024: What to Know About the Latest LEV Job Cuts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Lion Electric Layoffs 2024: What to Know About the Latest LEV Job Cuts

Vonage, part of Ericsson and Singtel partner for digital transformation

Vonage, part of Ericsson, and Singtel partner for digital transformation

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