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Ericsson Stock Forecast: Divestment of Underperforming Subsidiaries Will Allow Ericsson To Focus More On Its Core Business

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Networking leader LM Ericsson is worth adding to your long-term portfolio. Much of the world still needs better 4G LTE infrastructures.
The company’s recent move to sell its power modules subsidiary to Flex is a good sign. Ericsson now has more cash to fortify its core networking business.
A move to reduce a company’s diversified business to focus on core products can often lead to better topline and bottomline performance.
Ericsson is also looking to sell its large broadcast and media services subsidiary. Selling underperforming subsidiaries is always commendable.
ERIC has a bullish one-year algorithmic forecast from I Know First.