Telefonaktiebolaget L M Bolsa (NASDAQ: ERIC)

Últimas noticias sobre Telefonaktiebolaget L M (NASDAQ:ERIC) Bolsa

Telefonaktiebolaget L M

Ericsson provides telecom equipment and services that are primarily used to build and operate mobile networks. The firm divides its business into three segments: networks, cloud and software services, and enterprise. Wireless carriers have traditionally been the firm's primary customers, but it is pushing to cater more to enterprises as well, as both try to take advantage of 5G capabilities and utilize "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers.

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

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Shares of companies within the broader tech sector are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected.

News

Ericsson Unveils Seven 5G Advanced Software Products Designed To Empower Communications Service Providers With High-Performing Programmable Networks

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock gained 24.85% last week after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com//node/41386011" target="_blank" rel="noreferrer noopener">rose above $67,000</a>.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) stock jumped 19.98% after the company reported better-than-expected&nbsp;fourth-quarter results and announced a&nbsp;$1.5 billion&nbsp;buyback program. Several analysts<a href="https://www.benzinga.com//node/41387797" target="_blank" rel="noreferrer noopener"> changed their price targets</a>.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) stock upped 17.01%.</li>
<li>Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) stock grew 13.18% following a&nbsp;third-<a href="https://www.benzinga.com//node/41326902" target="_blank" rel="noreferrer noopener">quarter earnings beat</a>.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) stock was up 12.99%, probably due to strength in nuclear names. The stock rose after Amazon Web Services announced plans to invest <a href="https://www.benzinga.com//node/41358363" target="_blank" rel="noreferrer noopener">over&nbsp;$500 million&nbsp;in nuclear power</a>.</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) stock gained 12.99% after the company announced a <a href="https://www.benzinga.com//node/41313080" target="_blank" rel="noreferrer noopener">$2 billion loan platform</a> business agreement for personal loans with funds managed by affiliates of Fortress Investment Group.</li>
<li>Blackstone Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) stock increased 12.62% after multiple analysts raised their price targets following the company&#8217;s <a href="https://www.benzinga.com//node/41405312" target="_blank" rel="noreferrer noopener">recent&nbsp;third-quarter earnings report</a>.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) shares rose 12.20% after reporting better-than-expected&nbsp;<a href="https://www.benzinga.com//node/41379650" target="_blank" rel="noreferrer noopener">third-quarter&nbsp;results</a>.</li>
<li>Snap-On Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) shares were up 11.75% after the company reported better-than-<a href="https://www.benzinga.com//node/41380823" target="_blank" rel="noreferrer noopener">expected&nbsp;third-quarter results</a>.</li>
<li>AngloGold Ashanti PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) stock increased 11.59%, probably owing to a rise in the price of gold and silver.</li>
<li>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) shares were up 11.45%. The company, along with Crusoe and Primary Digital Infrastructure, formed a $3.4 billion joint venture to develop AI data centers.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com//node/41418999">NIO, ASML, And CVS Health Are Among Top 10 Large Cap Losers Last Week (Oct 14-18): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Useacoin on Shutterstock

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Coinbase, United Airlines And Sofi Tech Are Among Top 11 Large Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?

Nokia Oyj&nbsp;is a worldwide provider of telecom equipment and network infrastructure solutions. The computer and technology sector giant is a major facilitator of 5G and 4G infrastructure deployment along with competitor Telefonaktiebolaget LM Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>).
<h2>Nokia Offers Solutions for All Networks </h2>
Originally known as a dominant mobile phone manufacturer before the age of smartphones, Nokia migrated towards becoming an end-to-end network infrastructure solutions provider. They have expanded their services to cover a wide range of networks, including:
<ul>
<li>Mobile Networks: Nokia provides hardware and software to outfit and manage 5G and earlier generation networks to telecom and wireless cellular providers like T-Mobile US Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>). It was a pioneer in spearheading 5G rollouts and will be a key player in 6G, which is expected to expand the metaverse and extended reality (XR). The commercial rollout is expected to be commercially available by 2030.</li>
<li>Cloud Networks: Nokia offers cloud infrastructure services, including software-defined networking (SDN) and network security solutions. They provide network management and optimization software and tools.</li>
<li>Optical Networks: Nokia offers high-capacity optical transport solutions to enable data transmission over long distances, as well as internet protocol (IP) networking routers and switches that enable data transmission across networks.</li>
</ul>
<h2>Nokia&#39;s Business Is Still Normalizing </h2>
Macroeconomic pressures on telecom operators have caused them to slow down their spending, which is having an impact on Nokia, especially with the tough YoY comps.
Nokia reported that in the second quarter of 2024, EPS was 7 cents, which managed to beat consensus estimates by a penny. Revenues fell 21.8% YoY to $4.87 billion due to tough comps and normalization from an exceptional 2023 year-ago quarter. This missed consensus expectations of $5.13 billion.
<h2>Revenue Decline By Segments </h2>
Nokia faced revenue declines in all its segments. Network Infrastructure sales fell 11% YoY. This caused management to lower their sales forecasts to negative 2% to 3%, down from up 2% to 8%. Operating margins are expected to be between 11.5% and 14.5%.
The Cloud and Network Services segment saw a 16% YoY sales drop, which also included the 3% headwind from divesting its device management and service platform. Sales guidance moving forward was lowered from negative 5% to flat, down from negative 2% to 3%. Operating margin estimates remain unchanged, around 6% to 9%.
The Mobile Networks segment saw the worst revenue decline of 24% YoY due to macroeconomic pressure and the normalization in India. This was due to experiencing the most 5G deployment in the same quarter last year in India. Management revised down the decline from negative 19% to negative 14% with operating margins in the 4% to 7% range.
While the decline in revenue by segments appears ugly, the reality is that India&#39;s 5G infrastructure spending actually peaked in 2023, resulting in outsized revenue spikes for Nokia last year. What goes up quickly will often take longer to normalize, and that&#39;s what is happening now. North America&#39;s revenues and most other major regions were positive. This is why the stock actually rallied from $3.60 after the Q2 2024 earnings release.
<h2>Optical Networks Segment Integration of Infinera </h2>
Nokia announced on June 27, 2024, that it would be acquiring optical network solutions provider Infinera Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) for $6.65 per share. This will bolster its largest segment, Optical Networks, adding over $1.5 billion in annual sales to its ledger. The deal is expected to close in the first half of 2025.
<h2>NOK Stock Forms an Ascending Triangle Pattern </h2>
An ascending price channel is comprised of ascending or rising upper trendline resistance and ascending lower trendline support. A breakout forms when the stock surges through the upper trendline, and a breakdown occurs when the stock falls below the lower trendline support.
<img alt="Nokia NOK stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241014054528_chartx-nok.jpg" style="height:779px; width:915px" />
NOK stock has been uptrending since its Q2 2024 earnings report. The daily candlestick chart illustrates an ascending triangle pattern with a flat-top upper trendline resistance near $4.54, which also happens to be the consensus analyst target. The rising lower trendline has held pullbacks at higher levels as the stock nears the apex point, where it will either break out or break down, falling through the lower trendline. The daily RSI fell to the 54-band. Fibonacci (Fib) pullback support levels are at $4.21, $4.01, $3.80 and $3.64.
Nokia&#39;s average consensus price target is $4.54, and its highest analyst price target sits at $6.50. It has two Buy, four Hold, and two Sell ratings from analysts. The stock trades at 12.11x forward earnings.
Actionable Options Strategies: Bullish investors can consider using cash-secured puts to buy NOK at the Fib pullback support levels for entry and write covered calls to execute a wheel strategy for income in addition to the 1.83% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/dont-sleep-on-nokia-quietly-accelerating-into-infinera-merger/">Don&#39;t Sleep on Nokia: Quietly Accelerating Into Infinera Merger</a>&quot; first appeared on MarketBeat.

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Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger

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Nokia In Exclusive Talks With India's Bharti Airtel For Multi-Billion Dollar 5G Contract; Airtel Also In Discussions With Samsung For 5G Equipment Purchase, Sources Say

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 150 points on Tuesday.
The Dow traded down 0.30% to 42,937.44 while the NASDAQ fell 0.84% to 18,347.17. The S&amp;P 500 also fell, dropping, 0.43% to 5,834.67.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/10/41331971/how-to-earn-500-a-month-from-morgan-stanley-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Morgan Stanley Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Real estate shares jumped by 2% on Tuesday.
In trading on Tuesday, energy shares fell by 2.3%.
Top Headline
Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) reported upbeat results for its third quarter.
The company posted adjusted EPS of $2.42, down 9.0% year-over-year, beating the consensus of $2.21. The pharmaceutical giant reported sales of $22.47 billion, up 5.2% year over year and beating the consensus of $22.16 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares shot up 21% to $13.78 after the company announced it signed a signed a non-binding preliminary memorandum of terms for up to $750 million in proposed direct funding under the CHIPS and Science Act.</li>
<li>Shares of MeiraGTx Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGTX#NASDAQ">MGTX</a>) got a boost, surging 14% to $5.28 after safety and tolerability was confirmed in its gene therapy study for Parkinson&#8217;s.</li>
<li>Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) shares were also up, gaining 13% to $8.56 following a third-quarter earnings beat.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Seelos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>) shares dropped 43% to $1.4050. Seelos Therapeutics announced notice of delisting from Nasdaq and transfer of listing to Over-the-Counter Market.</li>
<li>Shares of CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) were down 14% to $26.85 as the company reported preliminary results for the third quarter.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) was down, falling 14% to $0.1070 after the company announced a 1-for-50 reverse stock split.</li>
</ul>
Commodities In commodity news, oil traded down 4.5% to $70.54 while gold traded up 0.4% at $2,676.80.
Silver traded up 1.2% to $31.69 on Tuesday, while copper fell 1.6% to $4.3360.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 slipped 0.80%, Germany's DAX slipped 0.11% and France's CAC 40 fell 1.05%. Spain's IBEX 35 Index rose 0.67%, while London's FTSE 100 fell 0.52%.
Asia Pacific Markets
Asian markets closed mostly lower on Tuesday, with Japan's Nikkei 225 gaining 0.77%, Hong Kong's Hang Seng Index falling 3.67%, China's Shanghai Composite Index dipping 2.53% and India's BSE Sensex falling 0.19%.
Economics
The NY Empire State Manufacturing Index declined to -11.9 in October from 11.5 in the previous month and topping market estimates of 3.8.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41328029/top-3-tech-and-telecom-stocks-that-could-lead-to-your-biggest-gains-this-quarter"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41328029/top-3-tech-and-telecom-stocks-that-could-lead-to-your-biggest-gains-this-quarter">Top 3 Tech And Telecom Stocks That Could Lead To Your Biggest Gains This Quarter</a></li>
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Nasdaq Down 150 Points; Johnson & Johnson Reports Better-Than-Expected Q3 Results

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$137.00</td>
<td>$35.4K</td>
<td>4.3K</td>
<td>18.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$235.00</td>
<td>$56.4K</td>
<td>32.4K</td>
<td>9.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$160.00</td>
<td>$59.3K</td>
<td>6.0K</td>
<td>2.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$41.00</td>
<td>$32.0K</td>
<td>16.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$154.00</td>
<td>$96.8K</td>
<td>1.3K</td>
<td>605</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$54.2K</td>
<td>15.6K</td>
<td>524</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$200.00</td>
<td>$91.0K</td>
<td>1.1K</td>
<td>443</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$90.00</td>
<td>$47.5K</td>
<td>474</td>
<td>416</td>
</tr>
<tr>
<td>ERIC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.00</td>
<td>$28.2K</td>
<td>74</td>
<td>405</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$50.4K</td>
<td>4.6K</td>
<td>275</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 10 day(s) on October 25, 2024. Parties traded 200 contract(s) at a $137.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $177.0 per contract. There were 4396 open contracts at this strike prior to today, and today 18654 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on November 15, 2024. Parties traded 80 contract(s) at a $235.00 strike. The total cost received by the writing party (or parties) was $56.4K, with a price of $705.0 per contract. There were 32461 open contracts at this strike prior to today, and today 9157 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 31 day(s) on November 15, 2024. Parties traded 69 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $59.3K, with a price of $860.0 per contract. There were 6009 open contracts at this strike prior to today, and today 2619 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on October 18, 2024. This event was a transfer of 178 contract(s) at a $41.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $180.0 per contract. There were 16457 open contracts at this strike prior to today, and today 1288 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bearish, expiring in 66 day(s) on December 20, 2024. This event was a transfer of 220 contract(s) at a $154.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $96.8K, with a price of $440.0 per contract. There were 1320 open contracts at this strike prior to today, and today 605 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 94 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $54.2K, with a price of $1085.0 per contract. There were 15619 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold. 
• Regarding AMAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on November 15, 2024. Parties traded 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $91.0K, with a price of $910.0 per contract. There were 1180 open contracts at this strike prior to today, and today 443 contract(s) were bought and sold. 
• Regarding ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on October 25, 2024. Parties traded 100 contract(s) at a $90.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $47.5K, with a price of $475.0 per contract. There were 474 open contracts at this strike prior to today, and today 416 contract(s) were bought and sold. 
• Regarding ERIC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), we observe a put option sweep with bearish sentiment. It expires in 94 day(s) on January 17, 2025. Parties traded 404 contract(s) at a $9.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $28.2K, with a price of $70.0 per contract. There were 74 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold. 
• For WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we notice a call option sweep that happens to be neutral, expiring in 31 day(s) on November 15, 2024. This event was a transfer of 87 contract(s) at a $65.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $50.4K, with a price of $580.0 per contract. There were 4641 open contracts at this strike prior to today, and today 275 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Information Technology Stocks Whale Activity In Today's Session

<h3>Gainers</h3>
<ul>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares increased by 65.7% to $0.13 during Tuesday's regular session. The market value of their outstanding shares is at $4.9 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares moved upwards by 40.0% to $6.58. The market value of their outstanding shares is at $74.6 million. </li>
<li>Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares moved upwards by 23.98% to $14.11. The company's market cap stands at $1.7 billion. </li>
<li>Wellchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCT#NASDAQ">WCT</a>) shares moved upwards by 16.44% to $6.94. The market value of their outstanding shares is at $146.4 million. </li>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) stock increased by 14.28% to $4.64. The market value of their outstanding shares is at $31.6 million. </li>
<li>Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) stock moved upwards by 13.26% to $8.54. The company's market cap stands at $28.4 billion. As per the news, the Q3 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares fell 21.9% to $9.79 during Tuesday's regular session. The company's market cap stands at $7.1 million. </li>
<li>VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) stock decreased by 16.88% to $3.33. The company's market cap stands at $887.6 million. </li>
<li>ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares fell 16.46% to $728.76. The market value of their outstanding shares is at $286.7 billion. </li>
<li>ICZOOM Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IZM#NASDAQ">IZM</a>) shares decreased by 13.64% to $2.09. The market value of their outstanding shares is at $22.9 million. </li>
<li>KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) stock decreased by 12.61% to $725.04. The market value of their outstanding shares is at $97.1 billion. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) stock fell 11.67% to $0.07. The company's market cap stands at $10.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AKTS

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PHUN

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ZPTA

12 Information Technology Stocks Moving In Tuesday's Intraday Session

U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 150 points on Tuesday.
The Dow traded down 0.40% to 42,894.69 while the NASDAQ fell 0.93% to 18,331.05. The S&amp;P 500 also fell, dropping, 0.44% to 5,833.93.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/10/41331971/how-to-earn-500-a-month-from-morgan-stanley-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Morgan Stanley Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Real estate shares jumped by 1.5% on Tuesday.
In trading on Tuesday, energy shares fell by 2%.
Top Headline
Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reported revenue of $12.70 billion for the third quarter, beating the consensus of $11.87 billion.
Sales increased 7% Y/Y, reflecting higher net revenues in Global Banking &amp; Markets and Asset &amp; Wealth Management, partially offset by lower net revenues in Platform Solutions. The U.S. financial services giant reported EPS of $8.40, beating the consensus of $7.03.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares shot up 27% to $14.41 after the company announced it signed a signed a non-binding preliminary memorandum of terms for up to $750 million in proposed direct funding under the CHIPS and Science Act.</li>
<li>Shares of MeiraGTx Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGTX#NASDAQ">MGTX</a>) got a boost, surging 13% to $5.24 after safety and tolerability was confirmed in its gene therapy study for Parkinson&#8217;s.</li>
<li>Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) shares were also up, gaining 11% to $8.35 following a third-quarter earnings beat.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Seelos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>) shares dropped 52% to $1.1663. Seelos Therapeutics announced notice of delisting from Nasdaq and transfer of listing to Over-the-Counter Market.</li>
<li>Shares of CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) were down 17% to $25.93 as the company reported preliminary results for the third quarter.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) was down, falling 18% to $0.1028 after the company announced a 1-for-50 reverse stock split.</li>
</ul>
Commodities In commodity news, oil traded down 4.9% to $70.19 while gold traded up 0.4% at $2,676.10.
Silver traded up 1.2% to $31.700 on Tuesday, while copper fell 1.4% to $4.3425.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.40%, Germany's DAX slipped 0.01% and France's CAC 40 fell 1.10%. Spain's IBEX 35 Index rose 0.64%, while London's FTSE 100 fell 0.37%.
Asia Pacific Markets
Asian markets closed mostly lower on Tuesday, with Japan's Nikkei 225 gaining 0.77%, Hong Kong's Hang Seng Index falling 3.67%, China's Shanghai Composite Index dipping 2.53% and India's BSE Sensex falling 0.19%.
Economics
The NY Empire State Manufacturing Index declined to -11.9 in October from 11.5 in the previous month and topping market estimates of 3.8.
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Crude Oil Tumbles 5%; Goldman Sachs Earnings Top Views

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Tuesday.
Shares of Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) rose sharply during Tuesday's session following <a href="https://www.benzinga.com/news/earnings/24/10/41333092/walgreens-boots-alliance-outlines-three-cost-saving-strategy-as-q4-earnings-beat-street-estimates">better-than-expected quarterly earnings.</a>
Walgreens reported fourth-quarter fiscal year 2024 sales of $37.55 billion, up 6% year over year (+6.1% on constant currency), beating the consensus of $35.76 billion, reflecting sales growth across all segments. Adjusted EPS was 39 cents, down 40.8%, beating the consensus of 36 cents, according to data from Benzinga Pro.
Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) gained 12.3% to $10.11 on Tuesday.
Here are some other big stocks recording gains in today's session.
Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares jumped 25% to $14.24 after the company announced it signed a signed a non-binding preliminary memorandum of terms for up to $750 million in proposed direct funding under the CHIPS and Science Act.
MeiraGTx Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGTX#NASDAQ">MGTX</a>) gained 13.4% to $5.26 after safety and tolerability was confirmed in its gene therapy study for Parkinson&#8217;s.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) climbed 12.5% to $8.48 following a third-quarter earnings beat.
Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) gained 9.5% to $5.99.
Montrose Environmental Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEG#NYSE">MEG</a>) gained 7.2% to $25.16. Montrose Environmental Group announced a $249 million US Army Corps Of Engineers Environmental Services contract.
TechTarget, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) gained 7.2% to $26.97. Craig-Hallum analyst Jason Kreyer upgraded TechTarget from Hold to Buy and raised the price target from $34 to $36.
Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) gained 5.8% to $3.4813. Bit Digital acquired Enovum Data Centers for total consideration of approximately $46 million.
Ardent Health Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDT#NASDAQ">ARDT</a>) gained 5.2% to $19.85.
Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) gained 4% to $24.72.
American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) gained 3.3% to $12.27.
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ARDT

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Walgreens Posts Upbeat Earnings, Joins Wolfspeed, Ericsson And Other Big Stocks Moving Higher On Tuesday

<h3>Gainers</h3>
<ul>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) stock moved upwards by 96.8% to $0.15 during Tuesday's pre-market session. The market value of their outstanding shares is at $5.8 million. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) shares increased by 52.94% to $5.66. The market value of their outstanding shares is at $21.2 million. </li>
<li>Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares moved upwards by 28.91% to $14.67. The market value of their outstanding shares is at $1.8 billion. </li>
<li>Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) stock moved upwards by 10.21% to $8.31. The market value of their outstanding shares is at $27.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock increased by 9.99% to $5.17. The company's market cap stands at $58.6 million. </li>
<li>Sono-Tek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOTK#NASDAQ">SOTK</a>) stock increased by 9.74% to $4.73. The market value of their outstanding shares is at $74.5 million. The company's, Q2 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) stock fell 22.1% to $3.0 during Tuesday's pre-market session. The company's market cap stands at $14.3 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares fell 7.89% to $0.42. The market value of their outstanding shares is at $83.1 million. </li>
<li>Syntec Optics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) shares decreased by 6.85% to $1.36. The company's market cap stands at $49.8 million. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) stock declined by 5.8% to $2.1. The company's market cap stands at $37.1 million. </li>
<li>Argo Blockchain plc - 8.75% Senior Notes due 2026 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBKL#NASDAQ">ARBKL</a>) shares fell 5.36% to $9.73. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares declined by 4.74% to $0.38. The company's market cap stands at $5.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Argo Blockchain plc - 8.75% Senior Notes due 2026

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12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

Ericsson shares are trading higher following a Q3 earnings beat.

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported&nbsp;<a target="_blank" href="https://www.benzinga.com//node/41323524" rel="noreferrer noopener">third-quarter fiscal 2024 results.</a>
Sales declined 4% year-over-year to 61.8 billion Swedish Krona, driven by strong growth in the North American market. In USD, sales of $5.93 billion beat the analyst consensus estimate of $5.72 billion.
Group organic sales declined by 1% Y/Y.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40925493/t-mobile-partners-with-nvidia-ericsson-and-nokia-to-pioneer-ai-driven-mobile-networks" rel="noreferrer noopener">T-Mobile Partners with NVIDIA, Ericsson, And Nokia to Pioneer AI-Driven Mobile Networks</a>
<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">Ericsson&#8217;s partnership with</a> AT&amp;T Inc boosted the telecom equipment company&#8217;s quarterly print. AT&amp;T inked a five-year $14 billion deal with Ericsson to lead the US in commercial-scale&nbsp;open radio access network (Open RAN) deployment.
<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/2024/10/15035638/newplot-8.png" alt="" class="wp-image-595411" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15035638/newplot-8.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15035638/newplot-8-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Under the deal, Ericsson will leverage its USA 5G Smart Factory in Lewisville, Texas, to manufacture 5G equipment. AT&amp;T is committed to building a telecom network that leverages ORAN technology.
Adjusted gross margin improved to 46.3% from 39.2% Y/Y, driven primarily by improved gross margin in Networks.
Adjusted EBIT margin was 11.9% versus (43.5)% Y/Y due to a non-cash&nbsp;impairment loss relating to the Vonage acquisition.&nbsp;Adjusted EBITA margin improved to 12.6% from 7.3% a year ago.
Ericsson reported an EPS of SEK 1.14 versus SEK (9.21) Y/Y. In USD, EPS of $0.11 beat the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst consensus estimate of $0.09</a>.
Free cash flow before M&amp;A was SEK 12.94 billion in the quarter, benefiting from the operational improvements.
As of September 30, 2024, net cash stood at SEK 25.53 billion.
CEO Börje Ekholm noted signs of the overall market stabilizing, with North America, as an early adopter market, returning to growth.&nbsp;He expects Networks sales to stabilize Y/Y during the fourth quarter, driven by North America. He also flagged further near-term sales pressure in Enterprise due to its focus on profitable segments.
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">weakness in demand</a> from North American mobile operators in the last two years affected Ericsson and its peers, prompting them to shift focus to developing markets like India, often compromising their profits.
Outlook: Ericsson <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">expects a fourth-quarter</a> adjusted gross margin of 47%-49% and restructuring charges of&nbsp;SEK 4.0 billion in 2024.
Ericsson stock gained over 58% in the last 12 months. Investors can gain exposure to the stock through First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>) and iShares US Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>).
Price Action: ERIC stock traded higher by 9.68% at $8.27 premarket at the last check Tuesday.
Photo by Mats Wiklund via Shutterstock
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Ericsson Q3 Earnings: Gains From AT&T Boost, CEO Signals North American Recovery

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 following better-than-<a href="https://www.benzinga.com/quote/ERIC/earnings">expected quarterly results</a>.
Ericsson reported quarterly earnings of 11 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $6.110 billion which beat the analyst consensus estimate of $5.719 billion.
Ericsson shares jumped 8.9% to $8.21 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) rose 115.8% to $0.3450 in pre-market trading after declining over 7% on Monday.</li>
<li>Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) gained 54.1% to $5.70 in pre-market trading after declining 16% on Monday.</li>
<li>Gritstone bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRTS#NASDAQ">GRTS</a>) shares surged 26.9% to $0.0685 in pre-market trading after gaining over 6% on Monday.</li>
<li>DDC Enterprise Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDC#NYSE">DDC</a>) gained 25.5% to $0.3805 in pre-market trading.</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) rose 21.3% to $13.80 in pre-market trading. Wolfspeed announced $750 million in proposed funding from U.S. CHIPS Act and additional $750m from investment group led by Apollo, galvanizing global leadership in delivering next-generation silicon carbide technology.</li>
<li>Rani Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RANI#NASDAQ">RANI</a>) shares jumped 12% to $3.56 in pre-market trading after gaining around 57% on Monday.</li>
<li>Bright Minds Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRUG#NASDAQ">DRUG</a>) climbed 11.7% to $2.78 in pre-market trading after jumping 132% on Monday.</li>
<li>Borealis Foods Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRLS#NASDAQ">BRLS</a>) shares rose 9.7% to $5.87 in pre-market trading after declining around 8% on Monday.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) gained 9.7% to $32.87 in pre-market trading. Trump Media &amp; Technology Group shares jumped around 18% on Monday after the company announced the launch of its Truth+ TV streaming service.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Qurate Retail, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) shares dipped 47.7% to $2.14 in pre-market trading. Qurate Retail will host a conference call to discuss results for the third quarter on Thursday, Nov. 7.</li>
<li>American Lithium Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMLI#NASDAQ">AMLI</a>) shares fell 16.2% to $0.93 in pre-market trading after gaining around 20% on Monday.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) fell 13.9% to $0.41 in today's pre-market trading.</li>
<li>Big Tree Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSY#NASDAQ">DSY</a>) fell 13.8% to $4.37 in pre-market trading after jumping around 39% on Monday.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) shares declined 11.8% to $0.9600 in pre-market trading. Tevogen's CEO reaffirmed commitment to transparency on multi-billion-dollar assets after revenue projections release.</li>
<li>Expion360 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares fell 10.5% to $3.15 after jumping 47% on Monday.</li>
<li>Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) declined 9.2% to $41.30 in pre-market trading.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares declined 8.9% to $0.1259 in pre-market trading. Interactive Strength recently announced that Chuze Fitness has ordered multiple CLMBRs to install in four pilot locations out of the brand&#8217;s 60 total locations.</li>
<li>EON Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EONR#NYSE">EONR</a>) shares fell 7.8% to $1.30 in pre-market trading after surging 6% on Monday.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) fell 7.6% to $6.75 in pre-market trading after dipping around 15% on Monday.</li>
</ul>
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Pre-Market Outlook

AMLI

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Why Ericsson Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket

Outlook
<ul>
<li>Networks Sales growth in Q4 is expected to be below average last three years seasonality</li>
<li>\Cloud Software and Services Sales growth in Q4 is expected to be below average last three years seasonality</li>
<li>Adj. gross margin Networks in Q4 is expected to be in the range 47%-49%</li>
</ul>
&nbsp;

Ericsson Expects Q4 Adjusted Gross Margin Networks Between 47%-49%; Forecasts Sales Growth For Networks and Cloud Software to Fall Below The Three-Year Seasonal Average

Telefonaktiebolaget L M Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.08 by 37.5 percent. This is a 57.14 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $6.110 billion which beat the analyst consensus estimate of $5.719 billion by 6.84 percent. This is a 2.47 percent increase over sales of $5.963 billion the same period last year.

Earnings Beats

Telefonaktiebolaget L M Ericsson Q3 2024 GAAP EPS $0.11 Beats $0.08 Estimate, Sales $6.110B Beat $5.719B Estimate

Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) will release its quarterly earnings report on Tuesday, 2024-10-15. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Telefonaktiebolaget L M to report an earnings per share (EPS) of $0.09.
Anticipation surrounds Telefonaktiebolaget L M's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Telefonaktiebolaget L M's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.05</td>
<td>0.050</td>
<td>0.16</td>
<td>0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.01</td>
<td>0.074</td>
<td>0.10</td>
<td>0.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>1.0%</td>
<td>-4.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728914513_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Telefonaktiebolaget L M were trading at $7.51 as of October 11. Over the last 52-week period, shares are up 63.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ERIC/earnings">To track all earnings releases for Telefonaktiebolaget L M visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Telefonaktiebolaget L M's Earnings

Telefonaktiebolaget LM Ericsson: Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel, two sources familiar with the matter said. This comes after Ericsson got part of a $3.6 billion contract last month for selling 5G equipment to India's Vodafone Idea. It shared the contract with Nokia and Samsung. The new contracts are expected to boost Ericsson's revenue next year after seeing a big fall in contracts from India in the first half of the year. Sales in Southeast Asia, Oceania, and India had decreased by 44% in the second quarter. Ericsson will announce its third-quarter results on Tuesday. Much of the deployment is likely to happen next year, according to one source familiar with the matter.

Contracts

Global

Ericsson Wins Multi-Billion Dollar 5G Equipment Contract From Bharti Airtel, Building On Last Month's $3.6B Vodaphone Idea Deal, Aiding Revenue Recovery After H1 Contract Decline In India; Southeast Asia, Oceania, India Sales Dropped 44% In Q2

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.
Photo by viewimage on Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

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

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

Analyst who predicted AT&T would ditch Nokia for network needs thinks T-Mobile US may follow suit

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T-Mobile (TMUS) told Bloomberg in an emailed statement that it has made no decision to end the company's relationship with Nokia (NOK). The comment...

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Protean Funds Scandinavia AB November 2024 Partner Letter

J.P. Morgan analyst Sandeep Deshpande maintained a Hold rating on Telefonaktiebolaget LM Ericsson Class B (0O87 – Research Report) today and set a ...

J.P. Morgan Reaffirms Their Hold Rating on Telefonaktiebolaget LM Ericsson Class B (0O87)

JPMorgan analyst Sandeep Deshpande raised the firm's price target on Ericsson (ERIC) to SEK 98 from SEK 70.50 and keeps a Neutral rating on the sha...

Ericsson price target raised to SEK 98 from SEK 70.50 at JPMorgan

With the rise in demand for modern technologies offering streamlined access across various devices, the wireless networking market has never seen better days. So, is Ubiquiti (UI) a hidden gem in this thriving landscape? Read on… The wireless connectivity market is experiencing significant growth, driven by the increasing demand for seamless internet access and interconnected devices bringing together various technologies, including Wi-Fi and Bluetooth. The act of data transmission without requiring cables has taken the consumer landscape by storm.
As the technology landscape grows to more smart home and utility device solutions that have already integrated the latest Artificial Intelligence (AI), Augmented reality (AR), and Virtual reality (VR) offerings, the demand for wireless networking is only set to rise fueled by the convenience of connecting all one's devices with a unified platform.
According to a study by Allied Market Research, the global wireless connectivity market is forecasted to reach $294 billion by 2032, growing at a <a href="https://www.alliedmarketresearch.com/wireless-connectivity-market-A35202">CAGR of 13.9%</a>.
Amid this thriving landscape, Ubiquiti Inc. (<a href="https://stocknews.com/stock/UI/">UI</a>) stands out with its innovative networking technology platforms for high-capacity distributed Internet access for both professional and personal use. The company's industry-leading offerings include UniFi Cloud Gateway, UniFi Wi-Fi, UniFi Protect, and more.
UI's efforts resonate not only in its offerings but also in its stock performance. The stock climbed 130.4% over the past six months and delivered an impressive gain of 140.4% over the past year, closing the last trading session at $335.53.
Now, let us delve deeper into the factors that could shape UI's performance in the near future.
Sound Historical Growth
Over the past five years, UI has demonstrated consistent growth across key financial metrics. Its revenue grew at a CAGR of 10.9%, while EBITDA rose at a 4.9% CAGR. Moreover, operational income (EBIT) and total assets expanded at a CAGR of 4.5% and 9.1%, respectively.
Additionally, UI's net income and EPS grew at a CAGR of 3.1% and 6.2%, respectively.
Strong Financials
For the fiscal 2025 first quarter that ended September 30, UI's revenues increased 18.8% year-over-year to $550.34 million. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose 26% from the year-ago value to $231.62 million. UI's income from operations grew 31.9% from the prior year's quarter to $169.21 million.
Moreover, the company's non-GAAP net income and non-GAAP EPS increased 23.1% and 23% year-over-year to $129.27 million and $2.14, respectively.
Favorable Analyst Estimates
Analysts predict UI's revenue and EPS for the fiscal 2025 second quarter ending December 2024 to increase 9.3% and 55.4% year-over-year to $507.96 million and $2.14, respectively.
For the full fiscal year ending June 2025, UI's revenue and EPS are expected to rise 13.9% and 50.9% from the previous year, reaching $2.20 billion and $8.86, respectively.
High Profitability
UI's trailing-12-month EBITDA margin stands at 27.79%, 167.2% higher than the industry average of 10.40%. In addition, the company boasts a trailing-12-month net income margin of 19.36%, which is 411.7% higher than the sector average of 3.78%.
Also, the stock's trailing-12-month levered FCF margin of 31.63% outperforms the industry average of 11.16% by 183.4%. Additionally, UI's trailing-12-month ROCE of 623.94% is significantly more than the industry average of 4.38%.
POWR Ratings Reflects Optimism
UI's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
UI has an A grade for Quality, supported by profitability measures that exceed industry benchmarks. Its B grade for Momentum further underscores strong technical performance, with the stock trading above its 100-day moving average of $261.61 and 200-day moving average of $199.15.
Moreover, UI has a B grade for Sentiment, which is in line with the optimistic analyst estimates. Within the B-rated <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry, UI is ranked #13 out of 44 stocks.
Beyond what is stated above, we have also given UI grades for Stability, Growth, and Value. Get all UI ratings <a href="https://stocknews.com/stock/UI/">here</a>.
Bottom Line
With a range of industry-leading innovative wireless networking solutions in its portfolio, UI has strengthened its position in the thriving wireless connectivity market. With the rise in demand for consumer gadgets that rely on wireless transmission, the growth of the industry seems to be really streamlined for the near future.
Considering UI's high profitability, strong financials, optimistic analyst estimates, strategic market position, and stable momentum, now might be the ideal time to consider adding UI to one's investment portfolio.
How Does Ubiquiti Inc. (UI) Stack Up Against Its Peers?
Although UI's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who also exhibit even stronger POWR Ratings. So, consider these A (Strong Buy) rated stocks from the Technology - Communication/Networking industry:
Telefonaktiebolaget LM Ericsson (publ) (<a href="https://stocknews.com/stock/ERIC/">ERIC</a>)
Ceragon Networks Ltd. (<a href="https://stocknews.com/stock/CRNT/">CRNT</a>)
Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>)
To explore more A or B-rated Technology - Communication/Networking stocks, <a href="https://stocknews.com/category/technology-communication-networking/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
UI shares were unchanged in premarket trading Tuesday. Year-to-date, UI has gained 143.77%, versus a 25.34% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/ui-eric-crnt-gilt-is-ubiquiti-inc-a-hidden-gem-in-the-wireless-networking/>Is Ubiquiti Inc. a Hidden Gem in the Wireless Networking Market?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Ubiquiti Inc. a Hidden Gem in the Wireless Networking Market?

Barclays raised the firm's price target on Ericsson (ERIC) to SEK 80 from SEK 70 and keeps an Underweight rating on the shares. Published first on ...

Ericsson price target raised to SEK 80 from SEK 70 at Barclays

Bernstein analyst Ulrich Rathe maintained a Sell rating on Telefonaktiebolaget LM Ericsson Class B (0O87 – Research Report) today and set a price t...

Bernstein Remains a Sell on Telefonaktiebolaget LM Ericsson Class B (0O87)

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