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NOK - Ericsson: First Position In 5G By End Of Year
Nokia Corporation Sponsored American Depositary Shares
Since my first article on Ericsson (ERIC) back in January the stock has appreciated by 30%. The main reasons for which I was bullish were product strength, financial discipline and good management.
The company recently won 5G contracts in China, the land of the mighty Huawei (a Chinese mobile equipment supplier) as well as in the UK and Japan after beating competition from both Cisco (CSCO) and Nokia (NOK).
Now that the price is at a yearly high, investors who did not have the opportunity to jump aboard the