- Ericsson welcomes 1,500 new employees to its growing broadcast services business
- Expands list of high-profile broadcast services customers
- The UK becomes a major global media hub for Ericsson
Analysts are using creative math and high multiples to argue stocks that have already soared will continue doing so. It's not the first time this has happened.
European stocks traded mixed early Wednesday, but Asia was also in focus.
Ericsson stock lept Wednesday after investors' hopes of a turnaround at the beleaguered communications firm were buoyed by an activist investor having taken a stake in the Swedish company.
Ericsson shares have fallen more than 40% over the past two years.