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. https://www.businesswire.com/news/home/20220516005977/en/, Greg Peterson The Company will provide updates as the situation progresses. Today, you can download 7 Best Stocks for the Next 30 Days. AGCO is a global leader in the design, manufacture and distribution of agricultural equipment. 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. In addition, the company will provide updates as the situation progresses Earlier this month, AGCO Corporation. The companys shares have appreciated 14.8% in a year.Packaging Corporation has an expected earnings growth rate of 16.2% for 2022. 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%. The Company also reported that there had been data exfiltration as a result of the ransomware cyber attack. 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. For more information, visit AGCO Corporation's most affected production sites and parts operations restarted operational activities. This week, AGCO, a U.S. agricultural machinery manufacturer, suffered a ransomware attack that affected its business operations and shut down its systems. 17, 2022, 11:51 AM. Cautionary Statements Regarding Forward-Looking Information. 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 Investor Relations website contains information about AGCO's business for stockholders, potential investors, and financial analysts. May 06, 2022. AVY has long term earnings growth rate of 7%. 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. Type a symbol or company name. 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. 08-May-22 06:55 PM IST. Want the latest recommendations from Zacks Investment Research? The ransomware attack has disrupt. BleepingComputer notes that Russian hacktivists may likely be behind the attack, which came amid AGCO's announcement that . Theres the field where farmers use our machines. The company said the attack impacted some of its production facilities. Majority of Production Activities Resumed. A majority of the affected production sites and parts operations resumed operational activities last week or today. Yet, AGCO is evaluating the possibility and consequences of the data loss. AGCO Corporations shares have declined 13.2% in the past year compared with the industrys loss of 2.8%. Georgia-based AGCO said in a statement it expects operations at some facilities to be affected . Vice President, Investor Relations Amid the ransomware attack, dealers are now struggling to keep up with orders that were already backlogged, Reuters reported. . In a May 19 update, AGCO reported that efforts to restore systems and business operations were successful following the ransomware cyberattack, with a majority of the affected production sites and parts operations resuming operational activities. In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 7.6%.Graphic Packaging pulled off a trailing four-quarter earnings surprise of 7.2%, on average. AGCO is a global leader in the design, manufacture and distribution of agricultural equipment. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Through well-known brands including Challenger, Fendt, GSI, Massey Ferguson and Valtra, AGCO Corporation delivers agricultural solutions to farmers worldwide through a full line of tractors, combine harvesters, hay and forage equipment, seeding and tillage implements, grain storage and protein production systems, as well as replacement parts. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Industry. For the future.. The agency had issued a similar notice in. 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. 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. 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. For ourselves. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $11.1 billion in 2021. The Company will provide updates as the situation progresses," said AGCO. 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. 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. 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. 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. As well as the overall impact, when an attack takes place also makes a big differences, says Rickard: "The timing of the ransomware attack on AGCO is concerning as they just announced a $50,000 . 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. Type a symbol or company name. For the future., Majority of Production Activities Resumed. 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. The company is working to repair its systems, but said business operations could be impacted for several days. For more information, visit Agricultural equipment giant AGCO says its business operations have been impacted after falling victim to a ransomware attack last week. AGCO, headquartered in Duluth, Georgia, de Some production facilities of agricultural equipment manufacturer AGCO were affected by a ransomware attack this week, the company reported Friday. 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 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. The company is currently investigating the extent of the attack, but expects business operations would be adversely affected for at least several days. For more information, visit www.AGCOcorp.com. 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. Although the leading farm equipment maker does not have retail operations, it does not possess privacy-protected consumer data. The company bears the brunt of supply chain and logistics challenges and material and freight cost inflation. A majority of the affected production sites and parts operations have . 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. All Rights Reserved. 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. 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. Today, that discovery is still the heart of the Zacks Rank. A majority of the affected production sites and . You can see the complete list of todays Zacks #1 Rank stocks here.Graphic Packaging has an estimated earnings growth rate of 86.8% for the current year. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. For the people working for them. In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? the complete list of todays Zacks #1 Rank stocks here. According to a news release . Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.1 billion in 2021. And then theres the field of agricultural equipment makers like AGCOAnd figuratively speaking, were doing everything we can to un-level it. AGCO designs, makes, and distributes agricultural machinery and precision technology, offering equipment under brands such as Challenger, Fendt, Massey Ferguson, and Valtra. With rest of the sites likely to . 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 . Please visit our website at AGCO Provides Update on Recovery from Ransomware Cyber Attack, https://www.businesswire.com/news/home/20220516005977/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. The improved profitability will likely support incremental investments in engineering and other technology to advance AGCOs precision agriculture and digital initiatives. Cyberattack hit the US agricultural equipment maker, disrupting the company's business operation for days. (770) 232-8229 Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.1 billion in 2021. 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. AGCO Corp's (AGCO) most production sites and parts operations that had been impacted by ransomware cyber-attack have restarted operational activities. 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. For company news, information and events, please follow us on Twitter: @AGCOCorp. 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. 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. The company expects to diminish the production loss from the ransomware cyber-attack by increasing production over the remainder of the current year. 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 . For company news, information and events, please follow us on Twitter: @AGCOCorp. For ourselves. AGCO CorporationAGCO declared that it is on track to successfully restore systems and business operations impacted by the ransomware cyber-attack incident on May 5. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Updated May 9, 2022, 11:58 a.m. CST. "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 . 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. AGCO officials say the ransomware attack late last week impacted some of its production facilities. The company expects to diminish the production loss from the ransomware cyber-attack by increasing production over the remainder of the current year. 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. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger, Fendt, GSI, Massey Ferguson, Precision Planting and Valtra. 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. Vice President, Investor Relations Please visit our website at These improvements will support AGCOs investments in precision agriculture and digital initiatives, driving higher sales growth and margin. Powered by Fuse smart farming solutions, AGCOs full line of equipment and services help farmers sustainably feed our world. While GPK flaunts a Zacks Rank #1 (Strong Buy), PKG and AVY carry a Zacks Rank #2 (Buy). 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. For financial news on Twitter, please follow the hashtag #AGCOIR. Copyright 2022 AGCO Corporation. AGCO has 1,810 dealerships in North America. 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. You can see the complete list of todays Zacks #1 Rank stocks here.Graphic Packaging has an estimated earnings growth rate of 86.8% for the current year. 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. 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. 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. 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. Yet, AGCO is evaluating the possibility and consequences of the data loss. 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. It also contributed to labor inefficiencies and resulted in higher inventory levels. The Georgia-based company said in a statement May 6 it expects its . 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. For company news, information and events, please follow us on Twitter: @AGCOCorp. Photo: AGCO www.agcocorp.com, View source version on businesswire.com: 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. Do Not Sell My Personal Information (CA Residents Only). In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. AGCO put out a short statement on its website disclosing the ransomware attack, and confirmed it continues to impact some of production facilities. Global manufacturer and distributor of agricultural equipment, AGCO, announced a ransomware attack hit it. The Company also reported that there had been data exfiltration as a result of the ransomware cyber attack. The Company will provide updates as the situation progresses. www.AGCOcorp.com The company confirmed the incident today after media in France . May 6 (Reuters) - 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. A ransomware attack has disrupted production at AGCO, a major US provider of farming equipment, including tractors and harvesters. For the farmers. www.agcocorp.com, View source version on businesswire.com: In the past 60 days, the Zacks Consensus Estimate for current-year earnings has been revised upward by 7.6%.Graphic Packaging pulled off a trailing four-quarter earnings surprise of 7.2%, on average. Create your Watchlist to save your favorite quotes on Nasdaq.com. greg.peterson@agcocorp.com. 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. 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. Copy and paste multiple symbols separated by spaces. The companys shares have appreciated 14.8% in a year.Packaging Corporation has an expected earnings growth rate of 16.2% for 2022. Reuters. 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. 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 . These symbols will be available throughout the site during your session. A majority of the affected production sites and parts operations resumed operational activities last week or today. It also contributed to labor inefficiencies and resulted in higher inventory levels. A majority of the affected production sites and parts operations resumed operational activities last week or today. Powered by Fuse smart farming solutions, AGCOs full line of equipment and services help farmers sustainably feed our world. The Company will provide updates as the situation progresses. 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. The company says it continues to investigate the extent of the attack and will provide updates as they become available. All Rights Reserved. Majority of Production Activities Resumed. 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. Zacks Equity Research for A wealth of resources for individual investors is available at www.zacks.com. Although the leading farm equipment maker does not have retail operations, it does not possess privacy-protected consumer data. Through well-known brands including Challenger, Fendt, GSI, Massey Ferguson and Valtra, AGCO Corporation delivers agricultural solutions to farmers worldwide through a full line of tractors, combine harvesters, hay and forage equipment, seeding and tillage implements, grain storage and protein production systems, as well as replacement parts. For financial news on Twitter, please follow the hashtag #AGCOIR. 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. To read this article on Zacks.com click here. Theres the field where farmers use our machines. Follow @ReporterCoker US agricultural equipment manufacturer AGCO has been hit by a ransomware attack, disrupting its operations during the critical planting season. For the farmers. The improved profitability will likely support incremental investments in engineering and other technology to advance AGCOs precision agriculture and digital initiatives. Vice President, Investor Relations 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. And then theres the field of agricultural equipment makers like AGCOAnd figuratively speaking, were doing everything we can to un-level it. Dont miss your chance to get inbecause the sooner you do, the more upside you stand to grab. U.S. agricultural equipment giant AGCO was the victim of a ransomware attack last week that has impacted production. 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. duluth, ga., may 16, 2022 -- ( business wire )--agco, your agriculture company (nyse:agco), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced. While the Company does not have retail operations, and therefore no privacy-protected consumer data, the Company is still evaluating the scope and consequences of the data loss. 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 . These factors will likely drive higher retail industry demand across all three major regions in 2022. This week AGCO announced that company efforts to restore systems and business operations are continuing successfully following a ransomware cyber attack that was discovered on May 5, 2022. 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. UPDATE: AGCO Tells Dealers Which Parts Systems are Online After Ransomware Attack. AGCO Corporations shares have declined 13.2% in the past year compared with the industrys loss of 2.8%. All remaining factories and parts operations are expected to be fully restored by May 20. "AGCO is still investigating the extent of the attack, but . 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 Corporation's most. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. It is currently unknown. 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. 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. This, in turn, will drive AGCOs top line. It and pressing Enter/Return global manufacturer and distributor of agricultural equipment amid AGCO & x27! For several days they become available all three major regions in 2022 week impacted some of its production facilities AGCOs. Hit by a ransomware attack has disrupted production at AGCO, announced a ransomware attack industrys loss of %! Business for stockholders, potential investors, and financial analysts in 1990 and headquartered in Duluth, Georgia,,! In 1990 and headquartered in Duluth, Georgia, USA, AGCO is evaluating possibility. 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