Xerox Holdingsの空売り状況は、投資家がXerox Holdingsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Xerox Holdings (NASDAQ:XRX) 株価情報, 空売り情報

Xerox Holdings

Xerox

Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

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市場が動揺する不確実な時期、多くの投資家は高配当の株に目を向けがちだ。その多くは、フリーキャッシュ・フローが大きく、株主に高い配当を提供する銘柄である。

ウォールストリートジャーナル　テクノロジー株に言及

Xerox Holdings Corporation - Common Stock

Xerox Holdings Corp

ENTERTAINMENT HOLDINGS by Entertainment Holding Inc

HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) is betting big on <a href="https://www.benzinga.com/topic/artificial-intelligence">AI-powered PCs</a> and print market consolidation to bolster its growth. 
According to JPMorgan analyst Samik Chatterjee, who met with HP's Chief Commercial Officer Dave McQuarrie at CES, the company is emphasizing the &#8220;Future of Work&#8221; and operational discipline as key priorities.
<h2 class="wp-block-heading">AI PCs: Leading The Charge</h2>
At CES, HP unveiled a new lineup of AI-enhanced PCs, including the EliteBook Ultra G1i and X Flip G1i, designed to cater to commercial customers. These devices feature premium hardware, HP AI Companion, and advanced security through HP Wolf Security. Available later this month, they aim to redefine productivity for enterprise users.
"HPQ sees a bigger opportunity to differentiate AI PC products relative to competition compared to the traditional PC market," Chatterjee highlighted. This focus on enterprise-specific productivity tools positions HP as a front-runner in the AI PC race.
Read Also: <a href="https://www.benzinga.com/news/24/11/42231610/microsoft-hp-dell-ramp-up-parts-production-in-china-ahead-of-trumps-return-to-white-house">Microsoft, HP, Dell Race To Ramp Up Production In China As Trump&#8217;s Tariff Threat Looms Ahead Of His White House Return</a>
<h2 class="wp-block-heading">Long-Term Potential In Software</h2>
HP is also exploring monetization opportunities for its software-based AI features, potentially through subscription models. However, as Chatterjee noted, "It still remains very early in the AI PC adoption curve to quantify the value attributed to the software."
<h2 class="wp-block-heading">Print Market Consolidation: A Welcome Shift</h2>
HP is optimistic about the print market's future, buoyed by Xerox Holdings Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) acquisition of Lexmark. HP believes consolidation in the print market was overdue, pointing to better industry fundamentals and unserved demand opportunities. 
However, aggregate print volumes are expected to decline in 2025 due to challenges in the value segment.
<h2 class="wp-block-heading">A Bullish Outlook</h2>
With the Windows 10 EOL refresh cycle expected to pick up in late 2025, HP sees a promising horizon for its business segments. Cost discipline and recurring revenue remain central to its strategy in navigating competitive pressures and driving margins, the analyst said.
Investors keeping an eye on HP's evolving product portfolio and market dynamics might find its AI and print strategies compelling as the company positions itself as a differentiated player in both markets.
Read Next: 
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Photo: Shutterstock

Analyst Color

Long Ideas

Tech

HP Positions Itself As Front-Runner In AI PC Race, Analyst Says

Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares are trading higher after the company disclosed a deal to acquire Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre for<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42643529/xerox-to-acquire-lexmark" rel="noreferrer noopener"> $1.5 billion, including assumed liabilities</a>.
This acquisition will enhance Xerox's core print portfolio and expand its global print and managed print services business.
The acquisition of Lexmark will integrate its solutions with Xerox ConnectKey technology and advanced Print and Digital Services, enhancing Xerox's offering portfolio and reinforcing its commitment to adding value for clients and partners.
It will also boost Xerox's ability to serve clients in the expanding A4 color market while diversifying its distribution and geographic footprint, particularly in the APAC region.
Benefits &amp; Synergies: The combined entity will serve over 200,000 clients across 170 countries, with 125 manufacturing and distribution facilities in 16 countries.
The transaction will immediately lower Xerox's pro forma gross debt leverage ratio from 6.0x as of September 30, 2024, to around 5.4x before synergies.
After realizing $200 million in cost synergies, the ratio is expected to drop to approximately 4.4x. Xerox aims to reduce its gross debt leverage ratio to below 3.0x in the medium term.
The transaction is expected to be immediately accretive to both <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">earnings per share and free cash flow</a>.
Dividend Cut: Xerox's Board of Directors approved a reduction in the annual dividend from $1 per share to 50 cents per share, starting with the dividend expected in the first quarter of 2025.
The company said this decrease in the dividend will free up additional funds for debt reduction while offering shareholders an above-market yield.
The Xerox Board has unanimously approved the transaction, which is subject to regulatory approvals, Ninestar's shareholder approval, and other customary closing conditions.
The deal is expected to close in the second half of 2025, with both Xerox and Lexmark continuing their operations independently until then.
Xerox held $521 million in cash and equivalents <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41599453/xerox-clocks-7th-consecutive-revenue-miss-quarter-in-q3-slashes-2024-outlook-stock-tanks" rel="noreferrer noopener">as of September 30, 2024</a>.
Price Action: XRX shares are up 7.27% at $9.01 at the last check on Monday.
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Photo by Mats Wiklund via Shutterstock

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Xerox to Expand Global Print Business with $1.5 Billion Lexmark Buyout

WIIM

Xerox Holdings shares are trading higher after the company announced it agreed to acquire Lexmark International from Ninestar Corporation, PAG Asia Capital and Shanghai Shouda Investment Centre.

Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) today announced it has agreed to acquire Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion, inclusive of assumed liabilities. This acquisition will strengthen the Xerox core print portfolio and build a broader global print and managed print services business better suited to meet the evolving needs of clients in the hybrid workplace.

Xerox to Acquire Lexmark in $1.5B Deal to Expand Print Services

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 11.06%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and lowered the price target from $11 to $8 on Oct. 30. This analyst has an accuracy rate of 71%.</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and cut the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Oct. 29, Xerox reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">latest XRX news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="856" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045306/image-264.png" alt="" class="wp-image-662968" style="width:719px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045306/image-264.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045306/image-264-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045306/image-264-768x721.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</h3>
<ul>
<li>Dividend Yield: 3.28%</li>
<li>Citigroup analyst Atif Malik maintained a Sell rating and cut the price target from $83 to $72 on Nov. 13. This analyst has an accuracy rate of 82%.</li>
<li>Mizuho analyst Vijay Rakesh maintained an Outperform rating and cut the price target from $127 to $105 on Nov. 13. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Nov. 12, the company reported adjusted EPS of $1.55, which beat the analyst consensus estimate of $1.52. Quarterly sales of $1.025 million were in line with the analyst consensus estimate.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">latest SWKS news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="783" height="791" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045415/image-265.png" alt="" class="wp-image-662970" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045415/image-265.png 783w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045415/image-265-297x300.png 297w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25045415/image-265-768x776.png 768w" sizes="(max-width: 783px) 100vw, 783px" /></a></figure>
<h3 class="wp-block-heading">Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 5.35%</li>
<li>Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9. This analyst has an accuracy rate of 62%.</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: Methode Electronics will announce second quarter results on Thursday, Dec. 5.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">trend in MEI stock</a>. </li>
</ul>
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SWKS

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 11.24%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and cut the price target from $11 to $8 on Oct. 30. This analyst has an accuracy rate of 70%.</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and slashed the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Oct. 29, Xerox reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">latest XRX news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="813" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88.png" alt="" class="wp-image-637170" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88-768x702.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
<h3 class="wp-block-heading">Silicon Motion Technology Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIMO#NASDAQ">SIMO</a>)</h3>
<ul>
<li>Dividend Yield: 3.57%</li>
<li>Needham analyst Quinn Bolton maintained a Buy rating and cut the price target from $94 to $75 on Nov. 1. This analyst has an accuracy rate of 79%.</li>
<li>Wedbush analyst Matt Bryson reiterated an Outperform rating with a price target of $90 on Oct. 2. This analyst has an accuracy rate of 81%.</li>
<li>Recent News: On Oct. 30, Silicon Motion Technology posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">latest SIMO news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89.png" alt="" class="wp-image-637172" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89-768x692.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
<h3 class="wp-block-heading">International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</h3>
<ul>
<li>Dividend Yield: 3.13%</li>
<li>BMO Capital analyst Keith Bachman maintained a Market Perform rating and raised the price target from $235 to $260 on Oct. 24. This analyst has an accuracy rate of 81%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and increased the price target from $200 to $245 on Oct. 21. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Oct. 23, IBM reported third-quarter revenue of $14.968 billion, missing the consensus estimate of $15.07 billion, according to Benzinga Pro. The company reported quarterly loss from continuing operations of 34 cents per share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">trend in IBM stock</a>. </li>
</ul>
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SIMO

Wall Street's Most Accurate Analysts Spotlight On 3 Tech Stocks With Over 3% Dividend Yields

Morgan Stanley analyst Erik Woodring maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $10 to $8.

Morgan Stanley Maintains Underweight on Xerox Holdings, Lowers Price Target to $8

JP Morgan analyst Samik Chatterjee maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $11 to $8.

JP Morgan Maintains Underweight on Xerox Holdings, Lowers Price Target to $8

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) stock rose 92.7% to $1.33 during Tuesday's regular session. The company's market cap stands at $4.0 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 19.45% to $0.32. </li>
<li>CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) stock increased by 19.16% to $163.22. The company's market cap stands at $7.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) stock moved upwards by 17.45% to $1.25. The market value of their outstanding shares is at $358.2 million. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock increased by 16.17% to $2.73. The market value of their outstanding shares is at $29.1 million. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) shares moved upwards by 12.5% to $284.37. The market value of their outstanding shares is at $77.8 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Daqo New Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) stock fell 24.8% to $21.91 during Tuesday's regular session. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock declined by 24.67% to $11.16. The company's market cap stands at $1.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares declined by 18.34% to $0.39. The market value of their outstanding shares is at $2.4 million. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares declined by 18.29% to $8.4. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares fell 14.73% to $9.01. The company's market cap stands at $102.1 million. </li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares decreased by 14.59% to $23.66. The company's market cap stands at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BKYI

CDNS

CETX

CVLT

GREE

HLIT

PHUN

12 Information Technology Stocks Moving In Tuesday's Intraday Session

Xerox Holdings Corp&nbsp;(NASDAQ:&nbsp;XRX) reported a fiscal third-quarter 2024 sales decline of 7.5% year-on-year to $1.53 billion, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41594454/xerox-releases-third-quarter-results" rel="noreferrer noopener">analyst consensus of $1.63 billion</a>.&nbsp;This was the company&#8217;s seventh consecutive quarter of revenue missing the expectations.
Revenues declined 7.3% at constant currency. Adjusted EPS of $0.25 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $0.51</a>.&nbsp;
XRX stock dropped after the print on Tuesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41387676/xerox-snaps-up-itsavvy-for-400m-expanding-its-footprint-in-it-infrastructure" rel="noreferrer noopener">Xerox Snaps Up ITsavvy For $400M, Expanding Its Footprint In IT Infrastructure</a>
Equipment sales decreased by 12.2%, while post-sale revenue declined by 6.1%.&nbsp;
Gross margin was firm Y/Y at 32.4%. The equipment margin&nbsp;fell by 250 bps to 28.5%.&nbsp;The post-sale&nbsp;margin increased by 60 bps to 33.5%.
The company reported an adjusted operating income of $80 million, compared to $68 million last year, and the margin grew 110 basis points to 5.2%.
Xerox held $521 million in cash and equivalents as of September 30, 2024. Operating cash flow for the quarter totaled $116 million, with a free cash flow of $107 million.
&#8220;While equipment revenue fell short of expectations, we continue to see steady progress from Reinvention initiatives taken to date. Adjusted operating income and margin grew year-over-year, and the pending acquisition of ITsavvy will improve Xerox&#8217;s value proposition with clients, as well as the mix of revenue from growing businesses,&#8221; said Steve Bandrowczak, chief executive officer at Xerox.
FY24 Outlook: The company&nbsp;expects a revenue decline of 10% (prior 5%-6% decline)&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $6.42 billion</a>.&nbsp;The company projected a&nbsp;free cash flow guidance of $450 million– $500 million (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39959182/xerox-q2-revenue-declines-10-cuts-annual-outlook-but-ceo-anticipates-turnaround" rel="noreferrer noopener">prior $550 million–$600 million</a>).
Xerox maintained an adjusted operating margin outlook of around 5.0% (prior $6.5% – 7.5%).
Xerox Holdings stock plunged 43% year-to-date as the company missed the topline estimates for all <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38383310/xerox-loses-steam-in-q1-stock-dips" rel="noreferrer noopener">three quarters of</a> 2024 due to a decline in equipment sales revenue.
Price Action: XRX stock is down 16.70% at $8.56 premarket at last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41583865/what-to-expect-from-apples-fq4-earnings" target="_blank" rel="noreferrer noopener">What To Expect From Apple&#8217;s FQ4 Earnings?</a></li>
</ul>
Photo by Mats Wiklund via Shutterstock

Earnings

Xerox Clocks 7th Consecutive Revenue Miss Quarter In Q3, Slashes 2024 Outlook, Stock Tanks

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) fell in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/10/41588309/transmedics-group-stock-sinks-on-q3-earnings-the-details">downbeat quarterly results</a>.
TransMedics reported quarterly earnings of 12 cents per share which missed the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $108.76 million which missed the analyst consensus estimate of $115.00 million.
TransMedics Group shares dipped 25.8% to $93.69 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) shares dipped 25.8% to $17.68 in pre-market trading after the company reported weak quarterly results and said it will not pay cash dividend for the third quarter.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.4% to $8.59 in pre-market trading after the company reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) shares fell 15.8% to $12.48 in pre-market trading after reporting third-quarter results</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined 11% to $26.27 after the company reported mixed third-quarter financial results.</li>
<li>Janus International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) fell 10.3% to $9.25 in pre-market trading after the company posted downbeat third-quarter results and lowered its sales forecast.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares fell 10.3% to $123.80 in pre-market trading following third-quarter results.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) dipped 10.1% to $26.20 in pre-market trading after gaining 14% on Monday.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares fell 8% to $165.87 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and sales.</li>
<li>Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) fell 6% to $195.40 in pre-market trading following weak quarterly sales.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41592226/dow-surges-over-250-points-ahead-of-alphabet-pfizer-earnings-investor-sentiment-improves-fear-index">Dow Surges Over 250 Points Ahead Of Alphabet, Pfizer Earnings: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

AMKR

CHKP

CROX

TMDX

TransMedics Group Posts Weak Results, Joins Harmonic, Crocs, D.R. Horton And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares increased by 89.8% to $1.31 during Tuesday's pre-market session. The company's market cap stands at $3.9 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 15.96% to $0.32. </li>
<li>Veea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) stock rose 11.79% to $4.36. The market value of their outstanding shares is at $155.3 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock moved upwards by 11.71% to $1.43. The company's market cap stands at $134.7 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares increased by 11.34% to $2.65. The company's market cap stands at $18.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares moved upwards by 10.95% to $11.95. The market value of their outstanding shares is at $196.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock fell 18.6% to $12.07 during Tuesday's pre-market session. The company's market cap stands at $1.4 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.53% to $8.58. The market value of their outstanding shares is at $1.0 billion. As per the press release, Q3 earnings came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock declined by 14.46% to $1.42. The company's market cap stands at $3.2 million. </li>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined by 13.35% to $25.59. The company's market cap stands at $6.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock decreased by 9.58% to $9.55. The company's market cap stands at $108.2 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock declined by 9.36% to $0.44. The company's market cap stands at $2.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATGL

DTSS

IVDA

QUBT

VEEA

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares rose 89.8% to $1.31 during Tuesday's pre-market session. The company's market cap stands at $3.9 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock moved upwards by 15.96% to $0.32. </li>
<li>Veea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares rose 11.79% to $4.36. The market value of their outstanding shares is at $155.3 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock rose 11.71% to $1.43. The market value of their outstanding shares is at $134.7 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares moved upwards by 11.34% to $2.65. The market value of their outstanding shares is at $18.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares rose 10.95% to $11.95. The company's market cap stands at $196.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock fell 18.6% to $12.07 during Tuesday's pre-market session. The market value of their outstanding shares is at $1.4 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) stock declined by 16.53% to $8.58. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock fell 14.46% to $1.42. The company's market cap stands at $3.2 million. </li>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) stock decreased by 13.35% to $25.59. The company's market cap stands at $6.3 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock decreased by 9.58% to $9.55. The market value of their outstanding shares is at $108.2 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock decreased by 9.36% to $0.44. The company's market cap stands at $2.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Xerox shares are trading lower after the company reported worse-than-expected Q3 financial results and cut annual outlook.

2024 Guidance Update
<ul>
<li>Revenue: from a decline of 5% to 6% in constant currency1 to a decline of around 10% in constant currency 1</li>
<li>Adjusted 1 Operating Margin: from at least 6.5% to around 5.0%</li>
<li>Free cash flow1: from at least $550 million to a range of $450 to $500 million</li>
</ul>
2024 guidance excludes any impact from the pending acquisition of ITsavvy. Revenue guidance was lowered to reflect additional reductions in non-strategic revenue and lower-than-expected equipment sales. Adjusted 1 operating income margin guidance was lowered primarily to reflect the reduction in revenue guidance. Free cash flow1 guidance was lowered to reflect the after-tax impact of lower adjusted 1 operating income margin guidance.

Xerox Cuts FY24 Outlook: See Revenue Decline of 10% (5%-6% Prior), Adj. Op Margin Of 5% (At least 6.5% Prior), FCF $450M-$500M ($550M Prior)

Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.51 by 50.98 percent. This is a 45.65 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $1.53 billion which missed the analyst consensus estimate of $1.63 billion by 6.05 percent. This is a 7.51 percent decrease over sales of $1.65 billion the same period last year.

Earnings Misses

Xerox Q3 2024 Adj EPS $0.25 Misses $0.51 Estimate, Sales $1.53B Miss $1.63B Estimate

Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.
Analysts estimate that Xerox Holdings will report an earnings per share (EPS) of $0.54. 
The announcement from Xerox Holdings is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company missed EPS by $0.14, leading to a 1.94% increase in the share price the following trading session.
Here's a look at Xerox Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.43</td>
<td>0.35</td>
<td>0.53</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.29</td>
<td>0.06</td>
<td>0.43</td>
<td>0.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-3.0%</td>
<td>5.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730134896_0.png" alt="eps graph" />
<h3>Xerox Holdings Share Price Analysis</h3>
Shares of Xerox Holdings were trading at $9.95 as of October 25. Over the last 52-week period, shares are down 18.46%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Insights Shared by Analysts on Xerox Holdings</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Xerox Holdings.
Analysts have provided Xerox Holdings with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $11.0, suggesting a potential 10.55% upside.
<h3>Peer Ratings Comparison</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Diebold Nixdorf and Corsair Gaming, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Diebold Nixdorf is maintaining an Outperform status according to analysts, with an average 1-year price target of $55.0, indicating a potential 452.76% upside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Corsair Gaming, with an average 1-year price target of $10.5, indicating a potential 5.53% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary presents essential metrics for Diebold Nixdorf and Corsair Gaming, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Xerox Holdings</td>
<td>Neutral</td>
<td>-10.03%</td>
<td>$520M</td>
<td>0.63%</td>
</tr>
<tr>
<td>Diebold Nixdorf</td>
<td>Outperform</td>
<td>1.90%</td>
<td>$243.20M</td>
<td>1.48%</td>
</tr>
<tr>
<td>Corsair Gaming</td>
<td>Neutral</td>
<td>-19.71%</td>
<td>$63.09M</td>
<td>-4.53%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Xerox Holdings ranks at the top for Gross Profit and Return on Equity among its peers. However, it ranks at the bottom for Revenue Growth.
<h3>Unveiling the Story Behind Xerox Holdings</h3>
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.
<h3>Financial Milestones: Xerox Holdings's Journey</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Xerox Holdings's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -10.03%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Xerox Holdings's net margin excels beyond industry benchmarks, reaching 0.95%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Xerox Holdings's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.63%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.15%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 1.4, Xerox Holdings faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/XRX/earnings">To track all earnings releases for Xerox Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Xerox Holdings's Earnings

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 5.42%</li>
<li>Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9. This analyst has an accuracy rate of 60%.</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Sept. 12, Methode Electronics' board named Mark Schwabero as new Chairman of the Board.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1">latest MEI news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="887" height="825" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213.png" alt="" class="wp-image-609208" style="width:654px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213.png 887w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213-768x714.png 768w" sizes="(max-width: 887px) 100vw, 887px" /></a></figure>
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.04%</li>
<li>Citigroup analyst Asiya Merchant downgraded the stock from Buy to Neutral with a price target of $37 on Oct. 1. This analyst has an accuracy rate of 78%.</li>
<li>B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Neutral with a price target of $37 on Sept. 27. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Aug. 28, HP reported better-than-expected third-quarter financial results and increased its share repurchase authorization to $10 billion in</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1">latest HPQ news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214.png" alt="" class="wp-image-609209" style="width:695px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214-768x713.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 9.61%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and cut the price target from $13 to $11 on Oct. 21. This analyst has an accuracy rate of 71%.</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and slashed the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: Xerox will host a live audio webcast at 8 a.m. ET on Tuesday, Oct. 29, to discuss the company&#8217;s third-quarter results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1">trend in XRX stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="863" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060358/image-215.png" alt="" class="wp-image-609210" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060358/image-215.png 863w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060358/image-215-300x287.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060358/image-215-768x736.png 768w" sizes="(max-width: 863px) 100vw, 863px" /></a></figure>
<a href="https://www.benzinga.com/news/earnings/24/10/41479244/dow-edges-lower-as-investors-watch-earnings-reports-with-caution-fear-index-remains-in-greed-zone">Read More: </a>
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<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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JP Morgan analyst Samik Chatterjee maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $13 to $11.

JP Morgan Maintains Underweight on Xerox Holdings, Lowers Price Target to $11

Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Thursday.</a>
The firm has agreed to acquire ITsavvy, an Oak Brook, Illinois-based provider of integrated IT products <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41380147/xerox-acquires-itsavvy-to-grow-it-services-presence" rel="noreferrer noopener">and services, for $400 million.</a>
ITsavvy, founded in 2004, provides integrated IT infrastructure solutions and has grown its revenue to over&nbsp;$400 million&nbsp;on a trailing twelve-month basis.
This deal amount includes a $180 million cash payment and secured promissory notes totaling $220 million, subject to standard pre- and post-closing adjustments.
&#8220;As part of our Reinvention we have created a greater organizational focus on our emerging IT Services capabilities to diversify our revenue streams in the geographies we serve,&#8221; said John Bruno, president and chief operating officer at Xerox.&nbsp;
The transaction is expected to close in the fourth quarter of 2024 and is pending merger clearance.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/short-ideas/24/10/41379166/spirit-airlines-struggles-to-regain-altitude-as-competitors-soar-bankruptcy-concerns-in" rel="noreferrer noopener">Spirit Airlines Struggles To Regain Altitude As Competitors Soar, Bankruptcy Concerns Intensify</a>
ITsavvy is currently a portfolio company of GenNx360 Capital Partners, a New York-based private equity firm.
The company expects the acquisition to be immediately accretive to adjusted earnings per share and free cash flow. Xerox management will further discuss the acquisition during its third quarter 2024 results.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XRX stock has lost over 25% in the past year. Investors can gain exposure to the stock via&nbsp;Pacer US Small Cap Cash Cows 100 ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CALF#BATS">CALF</a>) and&nbsp;Small Cap US Equity Select ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNSC#NASDAQ">RNSC</a>).
Price Action: XRX shares are trading higher by 4.25% to $10.93 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41367511/boeing-shares-are-trading-higher-today-what-you-need-to-know" target="_blank" rel="noreferrer noopener">Boeing Shares Are Trading Higher Today: What You Need To Know</a></li>
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General

CALF

First Trust Small Cap US Equity Select ETF

RNSC

Xerox Snaps Up ITsavvy For $400M, Expanding Its Footprint In IT Infrastructure

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The technology sector is bursting with opportunities owing to groundbreaking advancements and significant investments. Thus, investing in fundamentally stable tech stocks, Nokia (NOK), Xerox Holdings (XRX), and Gilat Satellite (GILT) could be one way to capitalize on the industry's strong growth prospects. Read on… The technology sector surged in 2024, fueled by advancements in Artificial Intelligence (AI), quantum computing, network technology, and other innovations. As we look ahead, rapid and groundbreaking developments are set to unfold, promising another extraordinary year of progress and transformation in the industry.
Amid this backdrop, investors could scoop up shares of fundamentally stable technology stocks, Nokia Oyj (<a href="https://stocknews.com/stock/NOK/">NOK</a>), Xerox Holdings Corporation (<a href="https://stocknews.com/stock/XRX/">XRX</a>), and Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>). All three stocks are valued at less than $10 and offer ample opportunities to capitalize on the growth prospect of the technology industry.
AI unquestionably emerged as the most popular tech advancement last year, and its momentum shows no signs of slowing down. In the coming years, AI is poised to make significant contributions to the economy, driving efficiency, cost-effectiveness, and innovation across businesses and industries.
As President-elect Trump prepares to take office, discussions around AI regulations and its usage are gaining momentum. With <a href="https://www.cnbc.com/2025/01/06/artificial-intelligence-regulation-in-2025-musk-and-trump-eu-ai-act.html">a forward-looking stance on AI</a>, anticipated government investments in advancing this technology could lead to significant growth, unlocking vast potential and driving innovation across the sector.
Coupled with an already announced <a href="https://www.commerce.gov/news/press-releases/2024/10/biden-harris-administration-invest-100-million-accelerate-rd-and-ai">$100 million investment</a> in accelerating research and development in AI technologies focused on sustainable semiconductor materials by the Biden Administration, these investments reflect the government's commitment to innovation and highlight the potential of the tech industry.
Apart from AI, the sector has also made significant advancements in <a href="https://www.forbes.com/sites/bernardmarr/2024/10/08/the-next-breakthrough-in-artificial-intelligence-how-quantum-ai-will-reshape-our-world/">quantum computing</a>, enabling fast solutions to complex problems, 5G technology that offers faster -than-ever connectivity solutions for businesses, as well as edge computing that enhances data processing efficiency.
So, let us dive deep into the fundamentals of three undervalued tech stocks, starting with #3.
Stock #3: Nokia Oyj (<a href="https://stocknews.com/stock/NOK/">NOK</a>)
Based in Espoo, Finland, NOK delivers mobile, fixed, and cloud network solutions. It offers fiber and copper-based access infrastructure, in-home Wi-Fi solutions, IP networking solutions, and more. The company operates through four segments: Network Infrastructure; Mobile Networks; Cloud and Network Services; and Nokia Technologies.
On January 3, 2025, NOK <a href="https://www.nokia.com/about-us/news/releases/2025/01/03/nokia-completes-its-sale-of-leading-submarine-networks-business-asn-alcatel-submarine-networks-to-the-french-state/">announced the conclusion of the sale</a> of Alcatel Submarine Networks (ASN), a leading submarine networks business, to the French State, represented by the Agence des participations de l'Etat. This move enables Nokia to sharpen its focus on core markets, channeling its Network Infrastructure portfolio toward growth opportunities.
On December 20, 2024, NOK achieved a groundbreaking milestone by implementing quantum-safe <a href="https://www.nokia.com/about-us/news/releases/2024/12/20/nokia-and-turkcell-demonstrate-industry-leading-quantum-safe-protection-for-mobile-subscribers/">IPsec network cryptography</a> for mobile subscribers in partnership with Turkcell, a leading digital operator in Türkiye.
The innovation reinforces NOK's leadership in the networking industry and fortifies mobile networks against future quantum computing threats, ensuring enhanced security for tomorrow's challenges.
In terms of forward non-GAAP P/E, NOK is trading at 12.49x, 51.1% lower than the industry average of 25.54x. Likewise, the stock's forward <a href="https://www.investopedia.com/terms/p/price-to-bookratio.asp">Price/Book</a> and forward Price/Cash flow multiples of 1.09 and 10.58 are 74.8% and 50.7% lower than their respective industry averages of 4.30x and 21.45x.
For the fiscal third quarter that ended September 30, 2024, NOK's net sales came in at €4.33 billion ($4.48 billion). Its operating profit increased 3.8% year-over-year to €246 million ($254.83 million).
Additionally, the company's profit and EPS for the period rose 31.6% and 50% from the prior year's quarter to €175 million ($181.28 million) and €0.03, respectively.
Analysts expect NOK's revenue for the fiscal year that ended December 2024 to come in at $19.84 billion. Its EPS for the same period is expected to increase 12.7% year-over-year to $0.36.
Shares of NOK have surged 18.4% over the past six months and 34.5% over the past year to close the last trading session at $4.56.
NOK's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
NOK has an A grade for Value and a B for Growth and Momentum. Within the B-rated <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry, NOK is ranked #6 out of 45 stocks.
In addition to the POWR Rating highlighted above, you can check NOK's ratings for Stability, Sentiment, and Quality <a href="https://stocknews.com/stock/NOK/">here</a>.
Stock #2: Xerox Holdings Corporation (<a href="https://stocknews.com/stock/XRX/">XRX</a>)
XRX is a workplace technology company that integrates hardware, services, and software for enterprises. It functions through two segments: Print and Other; and FITTLE. The company offers document systems, solutions, IT and software products and services, workplace solutions, and more.
On December 23, 2024, XRX announced an <a href="https://www.news.xerox.com/news/xerox-to-acquire-lexmark">agreement to acquire</a> Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre for a transaction value of $1.5 billion. The acquisition strengthens the company's capabilities in advancing the print industry and positions XRX to drive long-term profitable growth and serve its clients.
On November 14, 2024, XRX announced to be an <a href="https://www.news.xerox.com/news/aston-martin-aramco-formula-oneR-team-announces-partnership-with-office-technology-and-solutions-leader-xerox">official global partner</a> of Aston Martin Aramco Formula One&#xAE; Team. The multiyear partnership could enhance the company's global reach in empowering businesses to accelerate their digital transformation journey with cutting-edge solutions.
In terms of forward non-GAAP P/E, XRX is trading at 7.58x, 70.3% lower than the industry average of 25.54x. Additionally, its forward EV/Sales and forward Price/Sales multiples of 0.68 and 0.17 are 81.2% and 95.1% lower than the industry averages of 3.49x and 3.36x, respectively.
For the fiscal 2024 third quarter that ended September 30, XRX's total revenues came in at $1.53 billion. Its adjusted operating income increased 17.6% year-over-year to $80 million. Moreover, XRX's adjusted net income and adjusted EPS amounted to $34 million and $0.25, respectively.
Street expects XRX's revenue and EPS for the fiscal year ending December 2025 to increase 2.8% and 12.2% year-over-year to $6.36 billion and $1.22, respectively.
XRX's shares surged marginally intraday to close the last trading session at $8.41.
XRX's robust prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
XRX has a B grade for Growth, Value, and Momentum. It is ranked #30 out of 78 stocks within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry.
To access XRX's Quality, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/XRX/">click here</a>.
Stock #1: Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>)
With its headquarters in Petah Tikva, Israel, GILT provides satellite-based broadband communication solutions. The company has three segments: Satellite Networks; Integrated Solutions; and Network Infrastructure and Services. Its portfolio includes cloud-based satellite network platforms, amplifiers, modems, transceivers, and more.
On December 30, 2024, GILT secured over <a href="https://www.gilat.com/pressreleases/gilat-receives-approximately-5-million-in-orders-from-us-defense-customers-2/">$18 million in orders</a> for IFC solutions. Aimed for Gilat SkyEdge platforms, related services and SSPAs, these orders could enhance the company's market presence in equipping service providers with the scalability and performance and boost its revenue.
On October 30, 2024, GILT received <a href="https://www.gilat.com/pressreleases/gilat-receives-approximately-5-million-in-orders-from-us-defense-customers/">contracts valued at approximately $5 million</a> from multiple U.S. based defense organizations. These contracts bolster GILT's offerings, mainly its cutting-edge SATCOM technology in meeting the stringent requirements of mission-critical defense operations.
In terms of forward non-GAAP P/E, GILT is trading at 13.41x, which is 47.5% lower than the industry average of 25.54x. The stock's forward Price/Sales ratio of 1.12x is 66.6% below the industry average of 3.36x. Also, its forward EV/EBITDA multiple of 5.81 is 62.7% lower compared to the industry average of 15.59x.
For the fiscal 2024 third quarter that ended September 30, GILT's revenues increased 16.7% year-over-year to $74.61 million. Its non-GAAP gross profit rose 2.7% from the year-ago value to $28.44 million. The company's non-GAAP operating income grew 22.6% from the prior year's quarter to $8.27 million.
Additionally, non-GAAP net income and non-GAAP EPS increased 19.4% and 16.7% year-over-year to $8.14 million and $0.14, respectively.
The consensus revenue and EPS estimates of $82.74 million and $0.17 for the fiscal fourth quarter that ended December 2024 exhibit a year-over-year rise of 9.4% and 183.3%, respectively.
GILT's shares have surged 32.4% over the past three months and 50.2% over the past six months to close the last trading session at $6.70.
GILT's sound fundamentals are mirrored in its POWR Ratings. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
GILT has an A grade for Sentiment and a B for Growth, Value, and Momentum. GILT has topped the 45-stock Technology - Communication/Networking industry.
<a href="https://stocknews.com/stock/GILT/">Click here</a> to access GILT's ratings for Stability and Quality.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
NOK shares . Year-to-date, NOK has gained 2.93%, versus a 1.58% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/nok-xrx-gilt-3-affordable-tech-stocks-with-big-upside-in-2025/>3 Affordable Tech Stocks with Big Upside in 2025</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Affordable Tech Stocks with Big Upside in 2025

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AAPL

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AMZN

BMYMP

CSCO

ERIC

FITB

GARP

GILT

IBKR

INTC

ISRG

KODK

LRLCF

MSFT

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NFLX

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Press Releases

SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Xerox

Legal

Deadline Alert: Xerox Holdings Corporation (XRX) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of January 21, 2025 in Xerox Holdings Corporation Lawsuit - XRX

XRX Deadline: XRX Investors with Losses in Excess of $100K Have Opportunity to Lead Xerox Holdings Corporation Securities Fraud Lawsuit

Investors who lost money on Xerox Holdings Corporation(XRX) should contact The Gross Law Firm about pending Class Action - XRX

Small Cap

Xerox Holdings Corporation (XRX) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of January 21, 2025 in Xerox Holdings Corporation Lawsuit – XRX

Levi & Korsinsky Reminds Xerox Holdings Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 21, 2025 - XRX

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XRX DEADLINE TUESDAY: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Xerox Holdings Corporation Investors to Secure Counsel Before Important January 21 Deadline in Securities Class Action - XRX

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