AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger, Fendt, GSI, Massey Ferguson, Precision Planting and Valtra. Create your Watchlist to save your favorite quotes on Nasdaq.com. For its first quarter of 2022, AGCO reported net sales of approximately $2.7 billion, up 12.9% compared to the first quarter of 2021. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. duluth, ga., may 16, 2022 -- ( business wire )--agco, your agriculture company (nyse:agco), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR. The improved profitability will likely support incremental investments in engineering and other technology to advance AGCOs precision agriculture and digital initiatives. All Rights Reserved. Packaging Corporations shares have gained 4% in the past year.Avery Dennison has a projected earnings growth rate of 8.9% for the current year. These improvements will support AGCOs investments in precision agriculture and digital initiatives, driving higher sales growth and margin. While GPK flaunts a Zacks Rank #1 (Strong Buy), PKG and AVY carry a Zacks Rank #2 (Buy). It also contributed to labor inefficiencies and resulted in higher inventory levels. The companys shares have appreciated 14.8% in a year.Packaging Corporation has an expected earnings growth rate of 16.2% for 2022. AGCO Corporation's most. Zacks Equity Research for For ourselves. Georgia-based AGCO said in a statement it expects operations at some facilities to be affected for . AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger, Fendt, GSI, Massey Ferguson, Precision Planting and Valtra. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the Company is . A majority of the affected production sites and parts operations resumed operational activities last week or today. The Zacks Consensus Estimate for 2022 earnings has moved north by 0.8% in the past 60 days.Avery Dennison delivered a trailing four-quarter earnings surprise of 5.3%, on average. AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack incident on May 5.AGCO . And then theres the field of agricultural equipment makers like AGCOAnd figuratively speaking, were doing everything we can to un-level it. 4-min read AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack incident. Gross and operating margins are expected to be higher than the 2021 levels, owing to higher sales and production volumes and the companys pricing actions to mitigate material and labor cost inflation. U.S. agricultural equipment maker AGCO Corp said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. DULUTH, Ga.--(BUSINESS WIRE)--AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that the Companys efforts to restore systems and business operations are continuing successfully following a ransomware cyber attack that was discovered on May 5, 2022. Given favorable market demand and year-over-year strong order levels, AGCO continues to witness a positive market response to its technology-focused products, which are fueling sales growth and margin expansion across all regions.AGCO continues to invest in products, premium technology and smart farming solutions to improve distribution, enhance digital capabilities, expand product lines and improve factory productivity. These factors will likely drive higher retail industry demand across all three major regions in 2022. The company bears the brunt of supply chain and logistics challenges and material and freight cost inflation. Zacks->. A majority of the affected production sites and parts operations resumed operational activities last week or today. AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the Company is able to repair its systems. AGCO disclosed this ransomware attack, stating that the business operations will likely be adversely affected for several days and potentially longer to fully resume all services, depending upon how quickly the company can repair its systems. Although damage from the ransomware cyber attack could require more in-depth, and lengthy, remediation and recovery than is currently expected, the Company currently expects to be able to mitigate the production loss from the ransomware cyber attack by increasing production over the remainder of 2022. Type a symbol or company name. Vice President, Investor Relations greg.peterson@agcocorp.com. AGCO put out a short statement on its website disclosing the ransomware attack, and confirmed it continues to impact some of production facilities. AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack incident. With rest of the sites likely to start operations through this week, the company assured that all factories and parts operations will be functional by the end of this week.AGCO Corporation reported data loss due to the ransomware cyber attack. May. For financial news on Twitter, please follow the hashtag #AGCOIR. A majority of the affected production sites and parts operations resumed operational activities last week or today. . Updated May 9, 2022, 11:58 a.m. CST. In 2021, AGCO launched 23 precision agriculture-enabled products.However, AGCO continues to witness significant component shortages due to supply chain tightness, which is impacting production levels and shipments of units. Zacks Investment Research, Avery Dennison Corporation (AVY) : Free Stock Analysis Report, AGCO Corporation (AGCO) : Free Stock Analysis Report, Packaging Corporation of America (PKG) : Free Stock Analysis Report, Graphic Packaging Holding Company (GPK) : Free Stock Analysis Report. The Georgia-based company said in a statement May 6 it expects its . AGCO, locally based out of Hesston, is investigating the attack and is anticipating that business operations will be affected for several days and potentially longer. For the farmers. For the farmers. Dont miss your chance to get inbecause the sooner you do, the more upside you stand to grab. The agency had issued a similar notice in. Adjusted earnings and revenues in the quarter surpassed the Zacks Consensus Estimate and increased year over year.The company expects current year net sales between $12.5 billion and $12.7 billion, suggesting increased sales volumes and benefits from the pricing. (770) 232-8229 Amid the ransomware attack, dealers are now struggling to keep up with orders that were already backlogged, Reuters reported. The Zacks Consensus Estimate for the current years earnings has moved up 4.2% in the past 60 days.PKG has a trailing four-quarter earnings surprise of 19.6%, on average. The US Federal Bureau of Investigation reported that at least eight hacks of agriculture companies occurred in the United States in 2021, including grain cooperatives in Iowa and Minnesota that were partially shut down for several weeks as the ransomware hackers demanded seven-figure payments to end their hacking operation. The Company also reported that there had been data exfiltration as a result of the ransomware cyber attack. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The improved profitability will likely support incremental investments in engineering and other technology to advance AGCOs precision agriculture and digital initiatives. www.agcocorp.com, View source version on businesswire.com: Copy and paste multiple symbols separated by spaces. AGCO designs, makes, and distributes agricultural machinery and precision technology, offering equipment under brands such as Challenger, Fendt, Massey Ferguson, and Valtra. To read this article on Zacks.com click here. AGCO said it is still investigating the extent of the attack, but it is anticipated its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the company is able to repair its systems. A ransomware attack has disrupted production at AGCO, a major US provider of farming equipment, including tractors and harvesters. According to a news release . For the people working for them. Majority of Production Activities Resumed. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $11.1 billion in 2021. Do Not Sell My Personal Information (CA Residents Only). May 06, 2022. AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today that on May 5, 2022, it was subject to a ransomware attack that has impacted some of its production facilities. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger, Fendt, GSI, Massey Ferguson and Valtra. AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that the Companys efforts to restore systems and business operations are continuing successfully following a ransomware cyber attack that was discovered on May 5, 2022. AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. Adjusted earnings and revenues in the quarter surpassed the Zacks Consensus Estimate and increased year over year.The company expects current year net sales between $12.5 billion and $12.7 billion, suggesting increased sales volumes and benefits from the pricing. AGCO Corporations shares have declined 13.2% in the past year compared with the industrys loss of 2.8%. A majority of the affected production sites and parts operations resumed operational activities last week or today. The company is working to repair its systems, but said business operations could be impacted for several days. The Company will provide updates as the situation progresses," said AGCO. Want the latest recommendations from Zacks Investment Research? For company news, information and events, please follow us on Twitter: @AGCOCorp. AGCO Corporation's most affected production sites and parts operations restarted operational activities. Considering these, management projects earnings per share for the current year to be between $11.70 and $11.90.Despite higher farm input costs, elevated agricultural commodity prices and their impact on farm income will drive demand for agricultural equipment, encouraging farmers to upgrade and replace their aging fleets. Vice President, Investor Relations 4-min read AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack. Please visit our website at 4-min read AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack incident. https://www.businesswire.com/news/home/20220506005290/en/, Greg Peterson Vice President, Investor Relations Majority of Production Activities Resumed. AVY has long term earnings growth rate of 7%. Our expectations with regard to resolving the issues are forward-looking statements, and actual results could be materially different due to a number of factors, including our ability to successfully reinstall software and restore IT operations at the effected sites. AGCO is a global leader in the design, manufacture and distribution of agricultural equipment. This week, AGCO, a U.S. agricultural machinery manufacturer, suffered a ransomware attack that affected its business operations and shut down its systems. The company expects to diminish the production loss from the ransomware cyber-attack by increasing production over the remainder of the current year.Earlier this month, AGCO Corporation reported first-quarter 2022 results. AGCO has 1,810 dealerships in North America. The company expects to diminish the production loss from the ransomware cyber-attack by increasing production over the remainder of the current year.Earlier this month, AGCO Corporation reported first-quarter 2022 results. www.AGCOcorp.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2022, Nasdaq, Inc. All Rights Reserved. With rest of the sites likely to . Considering these, management projects earnings per share for the current year to be between $11.70 and $11.90.Despite higher farm input costs, elevated agricultural commodity prices and their impact on farm income will drive demand for agricultural equipment, encouraging farmers to upgrade and replace their aging fleets. Our expectations with respect to recovering from the ransomware cyber attack are forward-looking statements, and actual result may differ materially from our current expectations for a number of reasons, including the possibility that the damage to our systems is more extensive than we understand, that we may be subject to further follow-on ransomware cyber attacks, and that our recovery may take longer than expected. AGCO ransomware attack casts shadow over cybersecurity Justin Roberts May 10, 2022 3:37 pm Last week AGCO released a rather short statement noting that it had suffered a ransomware attack on May 5, 2022, which had adversely affected its business operations. www.agcocorp.com, View source version on businesswire.com: 4-min read. BleepingComputer notes that Russian hacktivists may likely be behind the attack, which came amid AGCO's announcement that . U.S. agricultural equipment maker AGCO Corp said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said . 17, 2022, 11:51 AM. In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? Please visit our website at These factors are likely to impact the companys production and revenues and its Precision Planting sales. Cautionary Statements Regarding Forward-Looking Information. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.1 billion in 2021. Copyright 2022 AGCO Corporation. Earlier this month, AGCO Corporation. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The companys shares have appreciated 14.8% in a year.Packaging Corporation has an expected earnings growth rate of 16.2% for 2022. Type a symbol or company name. For ourselves. Click to get this free report Avery Dennison Corporation (AVY) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Packaging Corporation of America (PKG) : Free Stock Analysis Report Graphic Packaging Holding Company (GPK) : Free Stock Analysis Report To read this article on Zacks.com click here. DULUTH, Ga. AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that the company's efforts to restore systems and business operations are continuing successfully following a ransomware cyber attack that was discovered on May 5, 2022. Georgia-based AGCO said in a statement it expects operations at some facilities to be affected . All remaining factories and parts operations are expected to be fully restored by May 20. greg.peterson@agcocorp.com, Internet Explorer presents a security risk. The Company will provide updates as the situation progresses. Some production facilities of agricultural equipment manufacturer AGCO were affected by a ransomware attack this week, the company reported Friday. 4-min read AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack incident. Our expectations with respect to recovering from the ransomware cyber attack are forward-looking statements, and actual result may differ materially from our current expectations for a number of reasons, including the possibility that the damage to our systems is more extensive than we understand, that we may be subject to further follow-on ransomware cyber attacks, and that our recovery may take longer than expected. Cyberattack hit the US agricultural equipment maker, disrupting the company's business operation for days. The company says it continues to investigate the extent of the attack and will provide updates as they become available. AVY has long term earnings growth rate of 7%. AGCO announced today that on May 5, 2022, it was subject to a ransomware attack that has impacted some of its production facilities. The remainder of the sites are expected to begin operations during the balance of this week, such that all factories and parts operations are operating by the end of this week. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today that on May 5, 2022, it was subject to a ransomware attack that has impacted some of its production facilities.AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and . Although the leading farm equipment maker does not have retail operations, it does not possess privacy-protected consumer data. All Rights Reserved. Please visit our website at www.agcocorp.com, Greg Peterson From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500s +348.7%. It also contributed to labor inefficiencies and resulted in higher inventory levels. Gross and operating margins are expected to be higher than the 2021 levels, owing to higher sales and production volumes and the companys pricing actions to mitigate material and labor cost inflation. "AGCO is still investigating the extent of the attack, but . DULUTH, Ga., May 16, 2022--AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that the Company's efforts to restore systems and business operations are continuing successfully following a ransomware cyber attack that was discovered on May 5, 2022. AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the Company is able to repair its systems. On Friday, AGCO, a global manufacturer and distributor of agricultural equipment based in the U.S., including grain bin manufacturer GSI, announced it was subject to a ransomware attack that has impacted some of its production facilities. U.S. agricultural equipment giant AGCO was the victim of a ransomware attack last week that has impacted production. AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the Company is able to repair its systems. Although the leading farm equipment maker does not have retail operations, it does not possess privacy-protected consumer data. These improvements will support AGCOs investments in precision agriculture and digital initiatives, driving higher sales growth and margin. www.AGCOcorp.com Agricultural equipment giant AGCO says its business operations have been impacted after falling victim to a ransomware attack last week. To read this article on Zacks.com click here. AGCO announced today that on May 5, 2022, it was subject to a ransomware attack that has impacted some of its production facilities. Today, you can download 7 Best Stocks for the Next 30 Days. Theres the field where farmers use our machines. These factors are likely to impact the companys production and revenues and its Precision Planting sales. Although damage from the ransomware cyber attack could require more in-depth, and lengthy, remediation and recovery than is currently expected, the Company currently expects to be able to mitigate the production loss from the ransomware cyber attack by increasing production over the remainder of 2022. For more information, visit www.AGCOcorp.com. AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. This, in turn, will drive AGCOs top line. AGCO Update on Ransomware Recovery May 18, 2022 May 18, 2022 Vernon Schmidt ransomware. While GPK flaunts a Zacks Rank #1 (Strong Buy), PKG and AVY carry a Zacks Rank #2 (Buy). And then theres the field of agricultural equipment makers like AGCOAnd figuratively speaking, were doing everything we can to un-level it. Although the leading farm equipment maker does not have retail operations, it does not possess privacy-protected consumer data. These symbols will be available throughout the site during your session. https://www.businesswire.com/news/home/20220506005290/en/, Fendt 728 Vario wins "Tractor of the Year 2023, Massey Ferguson MF 5S Series Wins Farm Machine 2023 Award at SIMA Show, Fendt 728 Vario named "Farm Machine 2023", Notice of Collection for California Residents, Implements, Attachments & Material Handling. Packaging Corporations shares have gained 4% in the past year.Avery Dennison has a projected earnings growth rate of 8.9% for the current year. (770) 232-8229 4 min read AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack. 08-May-22 06:55 PM IST. AGCO Corporation AGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack incident on May 5.AGCO Corporations most affected production sites and parts operations restarted operational activities. https://www.businesswire.com/news/home/20220516005977/en/, Greg Peterson AGCO Ransomware a cyberattack had hit several AGCO sites in the country on Thursday, including a tractor assembly facility. AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. DULUTH, Ga.-- ( BUSINESS WIRE )--AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that the. AGCO Corporation currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are Graphic Packaging Holding Company GPK, Packaging Corporation of America PKG and Avery Dennison Corporation AVY. The company expects to diminish the production loss from the ransomware cyber-attack by increasing production over the remainder of the current year. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.1 billion in 2021. In 2021, AGCO launched 23 precision agriculture-enabled products.However, AGCO continues to witness significant component shortages due to supply chain tightness, which is impacting production levels and shipments of units. AGCO Corporations shares have declined 13.2% in the past year compared with the industrys loss of 2.8%. Theres the field where farmers use our machines. Cautionary Statements Regarding Forward-Looking Information. AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the Company is able to repair its systems. These factors will likely drive higher retail industry demand across all three major regions in 2022. "AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully . The Company will provide updates as the situation progresses. Powered by Fuse smart farming solutions, AGCOs full line of equipment and services help farmers sustainably feed our world. Earlier this month, AGCO Corporation. 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