Streetbeat News

LNVGY

Lenovo Group Ltd.

https://www.lenovo.com

CEO

Yuanqing Yang

Open

30.61

Mkt cap

950M

Volume

5.8K

High

30.76

P/E Ratio

16.37

52-wk high

35.09

Low

30.54

Div yield

0.03

52-wk low

20.56

Lenovo Group reported a significant increase in its Q1 earnings per share (EPS) to $1.92 from $1.43 year-over-year (YoY), and revenue rose to $15.447 billion from $12.9 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:48 am

The U.S. International Trade Commission (USITC) has initiated an investigation into certain NAND memory devices and electronic devices containing them, based on a complaint by MimirIP LLC. The investigation targets several companies, including Micron Technology Inc., HP Inc., Kingston Technology Company Inc., and Lenovo Group Limited. The USITC will determine if there are violations of section 337 of the Tariff Act of 1930.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:00 pm

JinkoSolar (NYSE:JKS) announced a $1 billion joint venture in Saudi Arabia to produce 10 GW of solar cells and modules annually. This move aims to bypass Western protectionism and aligns with Saudi Arabia's green energy goals. Despite a 7.3% stock rise, JinkoSolar faces bearish analyst ratings and financial challenges due to global price wars and overcapacity.

Portfolio Pulse from The Bamboo Works

July 17, 2024 | 2:25 pm

Qualcomm Inc (QCOM) has announced new chips that promise unprecedented battery life for PCs, particularly those incorporating advanced AI features. These chips will be used in Microsoft's (MSFT) latest Copilot+ PCs. Qualcomm aims to reduce the PC sector's reliance on Intel (INTC) and diversify its revenue sources. The new Qualcomm-powered laptops will be featured in Microsoft's Surface line and products from partners like Lenovo, Dell, and Asustek. Qualcomm's stock has gained 81% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 1:57 pm

Lenovo and Cisco have announced a global partnership to provide integrated infrastructure and networking solutions aimed at accelerating digital transformation.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:03 pm

Lenovo Group Ltd. (OTC:LNVGY) will issue $2 billion in zero-coupon convertible bonds to Saudi Arabia's Public Investment Fund. The bonds will convert at a 12% discount to Lenovo's share price and represent about 12% of current capital upon maturity. Lenovo plans to establish an R&D center in Riyadh and expand production in the region. This move aligns with the PIF's strategy to diversify Saudi Arabia's economy and increase investments in Asian tech firms.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 9:45 am

Lenovo Group reported a significant increase in its Q4 earnings per share (EPS) to $1.95, up from $0.93 year-over-year (YoY). The company's revenue also saw a rise to $13.833 billion, up from $12.635 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:12 am

The antitrust trial against Alphabet Inc (GOOG/GOOGL) has concluded, with a decision expected by year-end. The case, initiated by the Justice Department and 11 states in 2020, accuses Google of anti-competitive practices to maintain its search engine dominance, notably through payments to companies like Apple (AAPL) for default search engine status. The outcome could influence broader antitrust actions against big tech, including Amazon (AMZN) and Meta Platforms (META). Possible penalties for Google could range from breaking up the company to ending exclusivity agreements.

Portfolio Pulse from Natan Ponieman

May 09, 2024 | 6:21 pm

InterDigital was awarded an injunction against Lenovo by the Regional Court in Munich for infringing on a patent covering 4G and 5G devices. The court found InterDigital to have acted in a FRAND manner, while Lenovo was deemed an unwilling licensee not adhering to FRAND principles. This decision can be appealed.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:33 pm

Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc (NASDAQ:META) have announced a partnership to release a limited edition Meta Quest VR headset, inspired by Xbox. This collaboration includes a customized version of the Meta Quest 3, bundled with an Xbox controller and Game Pass, allowing for immediate access to gaming. The partnership aims to integrate Microsoft's gaming services with Meta's VR technology, marking a significant move in Microsoft's VR strategy despite past inconsistencies in the VR market.

Portfolio Pulse from Franca Quarneti

April 22, 2024 | 8:04 pm

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