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Lenovo Group Limited (LNVGY)

Other OTC - Other OTC Delayed Price. Currency in USD
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25.52-0.72 (-2.74%)
At close: 3:59PM EDT
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Neutralpattern detected
Previous Close26.24
Bid0.00 x 0
Ask0.00 x 0
Day's Range25.50 - 25.96
52 Week Range10.24 - 28.80
Avg. Volume80,719
Market Cap15.418B
Beta (5Y Monthly)1.21
PE Ratio (TTM)16.36
EPS (TTM)1.56
Earnings DateN/A
Forward Dividend & Yield0.72 (2.84%)
Ex-Dividend DateNov 24, 2020
1y Target Est33.55
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Nokia Settles Patent Dispute With Lenovo

    Nokia Settles Patent Dispute With Lenovo

    Nokia has finally settled a multi-year patent dispute with Lenovo Group through a multi-year, multi-technology patent cross-licensing agreement. The company did not disclose the terms of the agreement, however, Lenovo will make a net balance payment to Nokia. Nokia Technologies’ (NOK) President, Jenni Lukander said, “We are delighted to have reached an agreement with Lenovo. The agreement reflects Nokia’s decades-long investments in R&D and contributions to cellular and multimedia standards. We appreciate, and very much respect, the constructive spirit Lenovo brought to our negotiations and look forward to working together to bring further innovation to their users around the world.” According to a Reuters report, Nokia’s legal tussle with Lenovo Group (LNVGY) started in 2019 when the company filed a complaint for alleged infringements of Nokia’s video-coding patents and had cases in Brazil, United States, India and Germany. Nokia’s patent portfolio consists of 20,000 patent families that includes 3,500 patent families essential to 5G. (See Nokia stock analysis on TipRanks) Last month, Northland Securities analyst Tim Savageaux assigned a Buy rating with a price target of $6 on the stock. This implies upside potential of around 50% from current levels. Savageaux said in a research note, “The shift in focus, however, to best of breed competitiveness vs reliance on end to end is positive, as is the focus on differentiated core IC [integrated circuit] technology across all aspects of the Mobile and Network Infrastructure businesses, from Mobile (Reefshark) to Optical (PSE-V), Routing (FP4, the first slide in CEO Lundmark’s deck) to Fixed Access (Quillion).” “While it remains ironic that the former ALU/wireless units have been under scrutiny and the source of management turnover despite being faster growing (2% vs 1% Mobile) and more profitable (9-12% target vs 5-8% mobile), we think the breadth of NOK’s portfolio offers synergies and competitive position within markets remains strong,” Savageaux added. The rest of the Street is cautiously optimistic on the stock with a Moderate Buy consensus rating. That’s based on 3 analysts suggesting a Buy and 3 analysts recommending a Hold. The average analyst price target of $5.13 implies around 28.3% upside potential to current levels. Related News: Beyond Meat Opens First Manufacturing Facility In China Norwegian Cruise Line Unveils Plan To Resume Cruising Fox Files Suit Against Flutter Over Stake Dispute In Sports Betting Firm FanDuel More recent articles from Smarter Analyst: MSC Industrial’s Revenues Fall Short Of Estimates In 2Q; Shares Drop 4.5% Dynatronics To Sell Tennessee’s Manufacturing Facility For $1.75M Genworth Cancels $2.7B Oceanwide Buyout Deal RPM International’s Quarterly Results Top Analysts’ Expectations

  • Nokia’s Battle With Lenovo Is Over.  What You Need to Know.

    Nokia’s Battle With Lenovo Is Over. What You Need to Know.

    Telecom group (NOKIA) is headed for a payday after it settled a patent dispute with computer titan (0992) ending a global legal battle spanning two years and four continents. Shares in Nokia traded 1.5% higher in the U.S. premarket on Wednesday while its Finnish-listed shares rose 0.5%. Lenovo stock fell more than 4% in Hong Kong.

  • Nokia, Lenovo End Patent Licensing Dispute

    Nokia, Lenovo End Patent Licensing Dispute

    Nokia Oyj (NYSE: NOK) concluded a multi-year, multi-technology patent cross-license agreement with Lenovo Group Ltd (OTC: LNVGY). Lenovo will make a net balancing payment to Nokia under the arrangement. The financial terms of the agreement were not disclosed. The agreement resolved every undecided patent litigation and other proceedings between the companies in every jurisdiction. Nokia had filed a patent infringement lawsuit against Lenovo in 2019 for alleged infringement of 20 video-compression technology patents. The litigations involved U.S., Brazil, India, apart from six cases in Germany. Lenovo also filed a lawsuit against Nokia in California. A September Munich Court upheld Lenovo’s patent infringement leading to an injunction and product recall. A German court stayed the order. The agreement reflected Nokia’s decade-long R&D investments and cellular and multimedia standard contributions, stated Nokia Technologies President Jenni Lukander. The agreement echoed the value of both Nokia’s technology leadership and Lenovo’s continued investment in 5G innovation, added Lenovo Chief Intellectual Property Officer John Mulgrew. Last month, Nokia struck a patent licensing agreement with Samsung Electronics Co Ltd (OTC: SSNLF), encompassing its innovations in video standards. Price action: NOK shares traded higher by 0.40% at $4.02, while LNVGY shares traded lower by 0.83% at $27.61 on the last check Wednesday. See more from BenzingaClick here for options trades from BenzingaNews Corp Seeks To Raise 0M Via Private DebtSAIC Stock Is Trading Higher On Winning 0M US Army Contract© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.