Ericsson’s Networks segment offers hardware, software and related services for radio access and transport, as well as related services, such as design, tuning, network rollout and customer support. The Digital Services segment provides products and services for operators in the areas of business support systems, operations support systems, cloud core, cloud communication and cloud infrastructure, as well as consulting, learning and testing services.
The Managed Services segment offers networks and IT-managed network design and optimization, and application development and maintenance services to operators.
The Emerging Business and Other segment consists of emerging businesses, including Internet of Things; iconectiv; Cradlepoint that provides wireless edge WAN 4G and 5G enterprise solutions; and Red Bee Media, MediaKind and other new businesses.
The $11 target price at Cowen is in line with the consensus target of $11.04. Ericsson stock traded on Friday at $7.40.
TechnipFMC
This is a solid small-cap energy play for investors looking for a European angle. TechnipFMC PLC (NYSE: FTI) engages in the oil and gas projects, technologies and systems and services businesses in Europe, North and Latin America, Africa, and elsewhere.
The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation and life of field services for subsea systems, subsea field infrastructure and subsea pipe systems used in oil and gas production and transportation. It provides subsea production and processing systems; subsea umbilicals, risers and flowlines; vessels; and Subsea Studio for optimizing the development, execution and operation of current and future subsea fields. This segment also offers well and asset services; research, engineering, manufacturing and supply chain services; and product management services.
The Surface Technologies segment designs, manufactures and services products and systems used in land and shallow water exploration and production of crude oil and natural gas. This segment offers drilling and completion systems; surface wellheads and production trees systems; iComplete, a digitally enabled pressure control system; fracturing tree and manifold systems; pressure pumping; well service pumps; well control, safety and integrity systems, multiphase meter modules, in-line separation and processing systems, and standard pumps; flowback and well testing services; skid systems; automation and digital systems; and flow measurement and automation solutions.
The company also offers planning, testing, installation, commissioning, operations, replacement, upgrade, maintenance, storage, preservation, intervention, integrity, decommissioning and abandonment services. It supplies flexible lines and flowline products and services. TechnipFMC has a strategic alliance with Talos Energy to develop and deliver technical and commercial solutions to carbon capture and storage projects.
Cowen has set a $14 target price, well above the consensus target on TechnipFMC stock of $9.24. The stock traded at $6.20 on Friday.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
Originally posted at 24/7 Wall St.
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