Streetbeat News

SIEGY

Siemens AG

https://www.siemens.com/global/de/

CEO

Roland Busch

Open

126.02

Mkt cap

198B

Volume

34K

High

126.72

P/E Ratio

24.94

52-wk high

131.87

Low

125.31

Div yield

0.02

52-wk low

83.64

Siemens Aktiengesellschaft (SIEGY) held its Q4 2024 earnings call, discussing financial performance and future outlook. Key participants included company executives and analysts from major financial institutions.

Portfolio Pulse from

November 14, 2024 | 3:00 pm

Siemens plans to cut up to 5,000 jobs in its factory automation business due to a downturn, as announced by CEO Roland Busch.

Portfolio Pulse from

November 14, 2024 | 10:15 am

Siemens CEO Roland Busch stated that President-elect Donald Trump's proposed tariffs could increase global inflation and prices, but he does not foresee a direct impact on Siemens' business.

Portfolio Pulse from

November 14, 2024 | 9:15 am

Siemens has reported a decline in profit for its industrial business and has lowered its sales target for the upcoming year. The company attributes these challenges to geopolitical risks, including trade conflicts and weak consumer demand.

Portfolio Pulse from

November 14, 2024 | 6:30 am

Siemens is reportedly in talks to acquire software company Altair, according to Bloomberg News. This potential acquisition could impact both companies' market positions and stock prices.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:26 pm

NVIDIA and Siemens are collaborating to showcase AI and Digital Twin technologies at the 7x24 Exchange conference, focusing on sustainable data center transformation.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 3:57 pm

ChargePoint and Siemens are key players in the clean tech revolution, focusing on EV infrastructure and eVTOL technology. ChargePoint is enhancing EV charging with AI and power-sharing, while Siemens plans to spin off its EV charging business. The eVTOL industry is poised for growth with upcoming FAA regulations.

Portfolio Pulse from Surbhi Jain

September 30, 2024 | 2:21 pm

Siemens Energy AG plans to hire over 10,000 new employees to boost its electricity grid business, aiming for significant growth over the next six years. The company is investing €1.2 billion in capital expenditures to expand manufacturing capacity in the U.S., Europe, and Asia.

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 11:43 am

Schneider Electric SE is in preliminary discussions to potentially acquire Bentley Systems Inc, with the deal possibly exceeding $15 billion. Bentley Systems, known for its engineering software, confirmed Schneider Electric's public statement about the merger talks. The merger could see Schneider's software business combine with Bentley, making it a significantly larger publicly traded entity. Schneider Electric aims to enhance its industrial software portfolio to compete with Siemens AG and Rockwell Automation Inc.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 12:44 pm

Tim Seymour, CIO at Seymour Asset Management and strategist for Amplify International Enhanced Dividend Income ETF (IDVO), recommends focusing on large multinationals with high dividend yields. He notes that IDVO has outperformed the S&P 500 and suggests caution in the current market, advising investors to be ready to exit certain trades. Seymour is cautious on China, citing low sentiment and internal pressures on companies like Tencent (TCEHY) and Alibaba (BABA). He prefers companies benefiting from AI, such as Nvidia (NVDA) and Siemens (SIEGY).

Portfolio Pulse from Neil Dennis

December 22, 2023 | 9:08 pm

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