We Still See a Light at The End Of The Tunnel for Ericsson; Maintaining Our $8 FVE
Ericsson’s third-quarter results weren't especially impressive, in our view, but we're encouraged by signs of improvement. The company shrank its labor force for the fifth consecutive quarter in an attempt to offset its seventh consecutive quarter of declining revenue. Ericsson announced a closure of its ICT facility in Canada, which is in line with its overall trend to rightsize the firm pending the potential divestiture of certain businesses and overall weakness in mobile broadband market. Whi...Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
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.
We have operations in 27 countries.
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