LNVGY - Lenovo Group Limited
| Previous close | 18.05 |
| Open | 18.11 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 18.10 - 18.30 |
| 52-week range | 13.51 - 22.34 |
| Volume | |
| Avg. volume | 44,770 |
| Market cap | 11.091B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 7.17 |
| EPS (TTM) | 2.55 |
| Earnings date | N/A |
| Forward dividend & yield | 0.97 (5.31%) |
| Ex-dividend date | 26 Jul 2023 |
| 1y target est | 22.93 |
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ReutersChina's Lenovo quarterly revenue hit by PC demand slump
HONG KONG (Reuters) -Lenovo's fourth quarter revenue fell 24% and it cut 8% to 9% of its workforce, the Chinese group said on Wednesday, as demand for personal computers (PCs) continued to slump. For the full year through March, Lenovo said its revenue shrank 14%, marking the first annual decline since 2019. Chief Financial Officer Wong Wai Ming, said in a call with reporters that Lenovo had cut 8% to 9% of its workforce in the quarter in order to "manage expenses".
Business WireLenovo Group: Full Year Financial Results 2022/23
HONG KONG, May 24, 2023--Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced full-year results, reporting Group revenue of US$62 billion and net income of US$1.6 billion, or US$1.9 billion on a non-Hong Kong Financial Reporting Standards (HKFRS) [1] basis. Profitability was stable with gross margin and operating margin both delivering 18-year highs and non-HKFRS net margin flat year-to-year. While Group revenue was impacted due to the softness in the device market, revenue from non-PC business
- Business Wire
More than 75% Off During Lenovo’s Memorial Day Sale
RESEARCH TRIANGLE PARK, N.C., May 23, 2023--Lenovo’s highly anticipated Memorial Day Sale includes select PCs and electronics more than 75% off, and features select ThinkPad laptops with some of the lowest prices ever offered at lenovo.com. The two-week sale, beginning May 22, includes deep discounts on laptops, gaming PCs, tablets, monitors and accessories.
- Business Wire
More than 75% Off During Lenovo’s Victoria Day Sale
RESEARCH TRIANGLE PARK, N.C., May 23, 2023--Lenovo’s highly anticipated Victoria Day Sale includes select PCs and electronics at more than 75% off, and features select ThinkPad laptops with some of the lowest prices ever offered at lenovo.com. The two-week sale, beginning May 22, includes deep discounts on laptops, gaming PCs, tablets, monitors and accessories.
Business WireAnswering Evolving Work Trends: Lenovo Launches Digital Workplace Solutions to Boost Employee Experience and Increase Productivity
RALEIGH, N.C., May 15, 2023--At a time when companies are struggling to find customized technologies to address their unique business requirements, Lenovo Solutions and Services Group (SSG) is launching Digital Workplace Solutions (DWS), a new managed services portfolio of intelligent tools and systems. DWS delivers work-related technology, security, efficiency, and employee satisfaction so that executives can deliver on key performance outcomes.
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ZacksCan the PC Market Bounce Back From the Cuurent Lows?
PC shipments have been declining over the past few quarters, impacting players like Lenovo Group (LNVGY), HP Inc. (HPQ), Dell Technologies (DELL) and Apple (AAPL).
Business WireDallas Cowboys Launch ‘Dallas Cowboys Game Time,’ Franchise’s Official Gaming Community, in Partnership With GameSquare Powered by Lenovo
FRISCO, Texas, April 17, 2023--The Dallas Cowboys, in collaboration with international gaming and esports company GameSquare, today announced the launch of ‘Dallas Cowboys Game Time,’ the official gaming platform and community of the Dallas Cowboys. Powered by Lenovo, a global technology powerhouse, Dallas Cowboys Game Time will feature always-on gaming programming, offering Dallas Cowboys fans and gamers nationwide an opportunity to connect, compete, and earn exclusive prizes.
Zacks3 Reasons Why Growth Investors Shouldn't Overlook Lenovo Group Ltd. (LNVGY)
Lenovo Group Ltd. (LNVGY) could produce exceptional returns because of its solid growth attributes.
ZacksInterDigital (IDCC) Secures Favorable Verdict Against Lenovo
The verdict reinforces InterDigital's (IDCC) patent licensing rights and is likely to thwart any potential breaches in the future.
ReutersLenovo must pay $138.7 million for InterDigital patents - London court
China's Lenovo Group Ltd must pay U.S. technology firm InterDigital Inc $138.7 million for a licence for its portfolio of telecommunications patents, London's High Court ruled on Thursday in the latest round of a long-running dispute. InterDigital brought the lawsuit against Lenovo in 2019 over the terms on which Lenovo should take a licence of its patents which are essential to 3G, 4G and 5G standards. The litigation, which has so far featured five separate trials, centres on the fair, reasonable and non-discriminatory (FRAND) terms of a licence for InterDigital's patents.
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Business WireUK High Court recognizes Lenovo as willing licensee in landmark FRAND case
LONDON, March 16, 2023--Lenovo today announced that the UK High Court has ruled in Lenovo’s favor in the ongoing litigation with InterDigital regarding license rates for 3G, 4G, and 5G patents. This judgement reinforces the company’s continued commitment as a willing licensee and validates the license rate Lenovo advocated for.
- Business Wire
Lenovo Storage Innovation and Channel-Centric Strategy Drives Record Growth and Infrastructure Leadership
RESEARCH TRIANGLE PARK, N.C., March 15, 2023--Lenovo ranked the #1 worldwide storage solutions vendor and delivers new Lenovo ThinkSystem DM Series Storage.
Business WireArtificial Intelligence welcomed, but human-centered IT support is key to employee satisfaction and productivity
HONG KONG & MORRISVILLE, N.C., March 14, 2023--Nine in ten employees (87%) recognize that AI has a positive role to play in helping them stay productive, while eight in ten (81%) prefer a blend of AI and human interaction, according to Lenovo.
- Business Wire
Lenovo Delivers Extraordinary Levels of Performance, Power and Speed with the Launch of the ThinkStation PX, P7 and P5
MORRISVILLE, N.C., March 09, 2023--Lenovo launches the ThinkStation PX, P7 and P5, the most technologically advanced trio of desktop workstations the company has ever built.
- Business Wire
Lenovo Ushers in New Era of Edge Automation at Scale
RESEARCH TRIANGLE PARK, N.C. & BARCELONA, Spain, March 01, 2023--Lenovo launches next generation of ThinkEdge software solutions and a new range of support services to accelerate the deployment of edge solutions.
Business WireAccelerate Digital Transformation in a Hybrid World with Latest Lenovo PC Solutions
BARCELONA, Spain, February 26, 2023--Today at MWC™ 2023, Lenovo unveiled its latest PC and Chromebook solutions to help embrace dispersed hybrid working styles and provide advanced features that empower users across a broad selection of needs. Encompassing a progressive and contemporary design philosophy, the latest PC solutions, including a comprehensive refresh across the ThinkPad portfolio, focus on improvements in system performance, increased use of more sustainable materials, and better us
Business WireInaugural Lenovo Intelligent Transformation Index finds the biggest barrier to digital transformation across all industries is the lack of a skilled labor force
LONDON, February 23, 2023--To explore the adoption of technology driving intelligent transformation, Lenovo today launched the first edition of the global Intelligent Transformation Index, which benchmarks adoption rates of transformative digital technologies across markets and industries. The report is written by Economist Impact and commissioned by Lenovo.
Business WireLenovo Cybersecurity Innovation Center Established in Cooperation with Cyber Security Research Center of Ben-Gurion University of the Negev
BE’ER SHEVA, Israel, February 20, 2023--Today, Lenovo™ (HKSE: 992) (ADR: LNVGY) established the Lenovo Cybersecurity Innovation Center (LCIC) in cooperation with Ben-Gurion University of the Negev, a leading Israel-based cybersecurity research institution. The center will focus on zero-trust architecture innovation in hardware and below-OS security, as well as serve as a hub for the development of next-generation security solutions. The LCIC offers Lenovo customers an attestation lab and access
BloombergWorld’s Top PC Maker Warns of Job Cuts as Slump Persists
(Bloomberg) -- Lenovo Group Ltd.’s profit fell for the first time in almost three years on waning demand for personal computers, forcing it to warn of job cuts ahead. Most Read from BloombergMcKinsey Plans to Eliminate About 2,000 Jobs in One of Its Biggest Rounds of CutsApple Makes Major Progress on No-Prick Blood Glucose Tracking for Its WatchHow Much Do Investors Say They Need to Retire? At Least $3 MillionChina Urges State Firms to Drop Big Four Auditors on Data RiskPutin Has Decided to Norm
ReutersChina's Lenovo posts worst revenue fall in 14 years as PC demand slumps
China's Lenovo Group Ltd reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years as global demand for electronics slumped, and said it would look to cut spending and make workforce adjustments. The world's largest maker of personal computers (PCs) said on Friday that total revenue during the October-December quarter was $15.3 billion, down 24% from the same quarter a year earlier. The outbreak of COVID-19 in 2020 provided a huge boost in electronic sales for Lenovo and its peers worldwide as many people opted to work remotely and replaced or upgraded their equipment.
Business WireLenovo Group: Third Quarter Results 2022/23
HONG KONG, February 17, 2023--Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced third quarter results, reporting Group revenue of US$15.3 billion and net income of US$437 million. Group revenue from non-PC businesses reached a high of 41% and profitability remained solid as Lenovo’s diversified growth engines of Solutions and Services Group (SSG) and Infrastructure Solutions Group (ISG) grew revenue to record highs of US$1.8 billion and US$2.9 billion respectively, up 23% and 48% year-on-yea