Ericsson: Crédit Suisse hails favourable outlook
(CercleFinance.com) - Ericsson's acquisition of Cradlepoint (a US-based company specialising in 4G and 5G Wireless Edge WAN connections for companies) for 1.
1 billion dollars is "a strategically sound deal," Credit Suisse says.
The Swiss broker says that the outlook is favourable, which has set a target price of 110 Swedish kronor for the share, confirming its Outperform rating.
Furthermore, Ericsson estimates that the wireless WAN market for businesses is expected to reach 4 billion dollars by 2024, compared to 1.5 billion dollars in 2020.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
1 billion dollars is "a strategically sound deal," Credit Suisse says.
The Swiss broker says that the outlook is favourable, which has set a target price of 110 Swedish kronor for the share, confirming its Outperform rating.
Furthermore, Ericsson estimates that the wireless WAN market for businesses is expected to reach 4 billion dollars by 2024, compared to 1.5 billion dollars in 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.