Ericsson Ready for 5G Growth After a Commendable Turnaround
Ericsson's third quarter beat consensus expectations, with the no-moat firm posting its first positive earnings quarter in two years. Ericsson is thriving under North American 5G build-out demand, while continued cost-saving efforts elevated gross and operating margins. After incorporating the third-quarter results and adjusting our model for slightly higher revenue growth with increased cost savings, we are increasing our fair value estimate to SEK 66 per share from SEK 62, which corresponds to...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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